moved for leave to introduce Bill C-294, An Act to amend the Income Tax Act (sports and recreation programs).
Mr. Speaker, I am pleased to rise on behalf of the constituents of Prince Albert to introduce this bill entitled “An Act to amend the Income Tax Act (sports and recreation programs)”.
With this legislation an allowance given to young amateur athletes of up to $350 per month by non-profit sports organizations for board and lodging will be exempt from taxation. The bill would allow non-profit amateur junior teams to once again operate without the fear of being taxed out of business. The bill would also protect the amateur status of athletes wishing to pursue athletic scholarships elsewhere.
(Motions deemed adopted, bill read the first time and printed)