moved for leave to introduce Bill C-207, An Act to amend the Income Tax Act (tax credit for new graduates working in designated regions).
Mr. Speaker, I am very pleased to present my first bill in this House. Its purpose is to amend the Income Tax Act to provide a tax credit for new graduates working in designated regions.
The purpose of this bill is to encourage new graduates to settle in regions experiencing economic difficulties, thereby curbing the exodus of young people. This bill will provide graduates of vocational schools, colleges and universities with a maximum tax credit of 40% of their earnings, up to $8,000.
I am proud to be tabling a bill that will enable thousands of young people in my riding, Chicoutimi—Le Fjord, in my region Saguenay—Lac-Saint-Jean, in several regions in Quebec and throughout the country to work where they grew up.
In closing, I would like to thank my colleague from Saint-Hyacinthe—Bagot , the Bloc Québécois finance critic, for his support and advice while preparing this bill.
(Motions deemed adopted, bill read the first time and printed)