moved for leave to introduce Bill C-505, an act to amend the Income Tax Act (child adoption expenses).
Mr. Speaker, I am very please to present this bill to the House. It proposes to allow a taxpayer a deduction for expenses related to the adoption of a child.
Adoption is a gentle option to ensure that a child can be placed with loving parents. Adoptive parents often face significant costs when they embark on adoption, but out of pocket adoption expenses are not tax deductible even though adoption is a significant social contribution.
An environment where there is a mom and a dad is an environment where children thrive. Adoption is also very cost effective at a time when we are seeing so many single parents and teen pregnancies.
The bill is in appreciation for the social contribution that adoptive parents make and recognizes the inequities that adoptive parents face.
(Motions deemed adopted, bill read the first time and printed)