moved for leave to introduce Bill C-323, An Act to amend the Income Tax Act (rehabilitation of historic property).
Mr. Speaker, this bill creates a tax credit for the rehabilitation of historic buildings in Canada. It is designed to help those who invest in our cultural heritage.
It is a meaningful measure to strengthen heritage infrastructure. By maintaining historic buildings and undertaking costly heritage renovations, citizens undertake a considerable private burden from which we all benefit through the preservation of our past and the places that have made our country. This bill seeks, in a small way, to provide some support for them for the considerable investment they make on behalf of all of us.
With the 150th anniversary of Confederation nearing, this bill is an opportunity for all members of the House to show their support for preserving Canada's built heritage. These changes will help save our most important historical structures for our children and grandchildren to enjoy for generations to come.
(Motions deemed adopted, bill read the first time and printed)