moved for leave to introduce Bill C-272, an act to amend the Income Tax Act (child adoption expenses).
Mr. Speaker, I thank the member for Athabasca for so willingly seconding my private member's bill.
I rise today to introduce a bill to amend the Income Tax Act. Although I would like to repeal it altogether, I am instead proposing the bill to make the act more equitable to parents, and in this case those who have adopted a child. The bill, if passed, would allow adoptive parents to deduct the expenses related to the adoption of a child up to a maximum of $7,000 in one year.
Many families adopt Canadian children. Many others choose to rescue orphan children from foreign countries. The process is expensive and I believe a portion of the expenses incurred should be tax deductible.
(Motions deemed adopted, bill read the first time and printed)