moved for leave to introduce Bill C-461, an act to amend the Income Tax Act (child adoption expenses).
Mr. Speaker, I would like to thank my colleague from South Surrey--White Rock--Langley for seconding my bill today.
I rise today to introduce a bill to amend the Income Tax Act, specifically to make the act more equitable for parents, in this case, those who have adopted a child. The bill if passed, will allow adoptive parents to deduct the expenses related to the adoption of a child up to a maximum of $7,000. The expenses must have been incurred in that taxation year or in the previous two years.
Canada is faced with the challenges of an aging population and a low birth rate. We as legislators should be doing everything possible to encourage childless couples to start a family. This bill if supported, would be a great first step.
(Motions deemed adopted, bill read the first time and printed)