moved for leave to introduce Bill C-227, an act to amend the Income Tax Act (income deferral from forced destruction of livestock or natural disaster).
Madam Speaker, my bill is quite straightforward. For some years now under the Income Tax Act income from the forced destruction or sale of livestock as a result of a drought situation has been deferred.
I am simply proposing that the same system and rules apply to the destruction of livestock under any natural disaster circumstance.
(Motions deemed adopted, bill read the first time and printed)