Thank you, Mr. Chair.
Clause 3 reads:
3(1) Subclause B(I) of the description of B in subparagraph 8(1)(r)(ii) of the Act is replaced by the following:
(I) the amount that is the total of the first dollar amount referred to in paragraph(s) and the amount determined for the taxation year for B in subsection 118(10), and
(2) The portion of paragraph 8(1)(s) of the Act before the formula is replaced by the following:
Deduction – tradesperson’s tools
(s) if the taxpayer is employed as a tradesperson at any time in the taxation year, the lesser of $1,000 and the amount determined by the formula
(3) Subsection 8(10) of the Act is replaced by the following:
Certificate of employer
(10) An amount otherwise deductible for a taxation year under paragraph (1)(c), (f), (h) or (h.1) or subparagraph (1)(i)(ii) or (iii) by a taxpayer shall not be deducted unless the taxpayer’s employer confirms in prescribed form that the conditions set out in the applicable provision were met in the year in respect of the taxpayer and the form is filed with the taxpayer's return of income for the year.
(4) Subsections (1) and (2) apply to the 2023 and subsequent taxation years.