moved for leave to introduce Bill C-269, an act to amend the Canada Pension Plan (income transferred to spouse).
Madam Speaker, the purpose of the bill is to amend the Canada pension plan to permit income transferred to a spouse to qualify as pensionable and thereby extend CPP benefits to stay at home parents.
The bill is a follow-up to my, Bill C-256, introduced on June 7, 1994 which proposed to amend the Income Tax Act to allow one spouse to pay or split income up to $25,000 to the other spouse who is managing the family home and caring for at least one dependent child who has not commenced full time attendance at school.
This new bill would give further recognition to the principle that caring for children is an important job to be fairly compensated including the extension of pension benefits to a parent working in the home.
(Motions deemed adopted, bill read the first time and printed.)