moved for leave to introduce Bill C-246, an act to amend the Income Tax Act (child adoption expenses)
Mr. Speaker, I rise today to introduce a bill that would amend the Income Tax Act to allow for the deduction of adoption expenses. This bill, if passed, will allow adoptive parents to deduct expenses related to adopting a child up to a maximum of $7,000 for that taxation year or the prior two years.
Adopting a child is an expensive and lengthy process. The bill would help encourage couples who would like to start a family by reducing the burden of additional costs incurred.
Since I first introduced the bill in February last year, I have received hundreds of letters and e-mails from people across Canada writing in support of the legislation. I ask that all parliamentarians support this worthy bill.
(Motions deemed adopted, bill read the first time and printed)