moved for leave to introduce Bill C-316, an act to amend the Income Tax Act (interest on student loans).
Mr. Speaker, it is my pleasure to introduce this private member's bill to amend the Income Tax Act, a bill which acknowledges that student loans are an investment in the future.
The purpose of the bill is to decrease the student loan debt load and facilitate access to post-secondary education by allowing students or their co-signers to deduct their annual interest payments on student loans from their annual taxable income.
(Motions deemed adopted, bill read the first time and printed)