moved for leave to introduce Bill C-366, an act to amend the Income Tax Act (deduction of mechanics' tool expenses).
Mr. Speaker, this private member's bill would allow mechanics to deduct their tool expense, which is now denied, provided that it is a requirement of their employment to purchase the tools.
The deduction would encompass maintenance, rental, insurance costs and the full cost of tools under $200 and the capital cost allowance above $200. That is consistent with what artists, musicians, chain saw operators and other individuals now do when claiming the cost of their tools as an income tax deduction.
I am very pleased to present this bill on behalf of mechanics.
(Motions deemed adopted, bill read the first time and printed)