Bill C-207 (Historical)

An Act to amend the Income Tax Act (tax credit for new graduates working in designated regions)

This bill is from the 39th Parliament, 2nd session, which ended in September 2008.

Sponsor

Robert Bouchard Bloc

Introduced as a private member’s bill. (These don’t often become law.)

Status

Second reading (Senate), as of June 12, 2008
(This bill did not become law.)

Summary

This is from the published bill.

This enactment amends the Income Tax Act to give every new graduate who settles in a designated region a tax credit equal to
(a) the lesser of 40% of the individual's salary or wages;
(b) $3,000; and
(c) the amount by which $8,000 exceeds all amounts paid to the Receiver General.
The purpose of this measure is to encourage new graduates to settle in designated regions, thereby curbing the exodus of young people from those regions and promoting their economic development.

Similar bills

C-341 (41st Parliament, 2nd session) An Act to amend the Income Tax Act (tax credit — new graduates working in designated regions)

C-341 (41st Parliament, 1st session) An Act to amend the Income Tax Act (tax credit — new graduates working in designated regions)

C-288 (40th Parliament, 3rd session) An Act to amend the Income Tax Act (tax credit for new graduates working in designated regions)

C-288 (40th Parliament, 2nd session) An Act to amend the Income Tax Act (tax credit for new graduates working in designated regions)

C-207 (39th Parliament, 1st session) An Act to amend the Income Tax Act (tax credit for new graduates working in designated regions)

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from Parliament. You can also read the full text of the bill.

Bill numbers are reused for different bills each new session. Perhaps you were looking for one of these other C-207s:

C-207 (2025) An Act to amend the Canada Pension Plan

C-207 (2021) An Act to amend the Canadian Bill of Rights (right to housing)

C-207 (2020) An Act to amend the Criminal Code (presentence report)

Votes

June 12, 2008 Passed That the Bill be now read a third time and do pass.

June 12, 2008 Passed That Bill C-207, An Act to amend the Income Tax Act (tax credit for new graduates working in designated regions), as amended, be concurred in at report stage with further amendments.

June 12, 2008 Passed That Bill C-207 be amended by restoring Clause 1 as follows: “1. The Income Tax Act is amended by adding the following after section 118.7: 118.71 (1) The definitions in this subsection apply in this section. “base period” means the first 52 weeks of the aggregate of all periods each of which is a period during which the individual ( a) holds qualifying employment; and ( b) ordinarily performs the duties of the qualifying employment at an establishment of the individual’s employer situated in a designated region or is ordinarily attached to such an establishment. “designated educational institution” has the meaning assigned by subsection 118.6(1). “designated region” has the meaning assigned by section 3 of the Regional Development Incentives Act. “qualifying employment” means an office or employment that the individual begins to hold in the 24-month period that follows the date on which the individual successfully completes the courses and, where applicable, the internships leading to the awarding of a recognized diploma, or the date on which the individual is awarded a recognized diploma that is a master’s or doctoral degree under an educational program requiring the writing of an essay, dissertation or thesis, if ( a) the individual begins to perform the duties of the office or employment after January 1, 2007; ( b) at the time that the individual takes up the office or employment, the establishment of the individual’s employer at which the individual ordinarily performs the duties of that office or employment, or to which the individual is ordinarily attached, is situated in a designated region; and ( c) the knowledge and skills obtained during the individual’s training or educational program are related to the duties performed by the individual in connection with the office or employment. “recognized diploma” means a degree, diploma or attestation awarded by a designated educational institution. (2) For the purpose of computing the tax payable under this Part by an individual for a taxation year, there may be deducted an amount equal to the lesser of ( a) the amount that is 40% of the aggregate of all amounts each of which is the salary or wages of the individual for the year from qualifying employment and attributable to the individual’s base period; and ( b) the amount by which $8,000 exceeds the aggregate of all amounts each of which is an amount that the individual is deemed to have paid to the Receiver General under this section for a preceding taxation year. (3) For the purposes of paragraph (2)( a), an individual who was resident in a designated region in Canada immediately before the individual’s death is deemed to be resident in a designated region in Canada at the end of December 31 of the year in which the individual died.”

June 12, 2008 Passed That the Motion proposing to restore Clause 1 of Bill C-207 be amended by deleting all the words in paragraphs 118.71(1) and (2) and substituting the following: “118.71 (1) The definitions in this subsection apply in this section. “base period” means the first 52 weeks of the aggregate of all periods each of which is a period during which the individual ( a) holds qualifying employment; and( b) ordinarily performs the duties of the qualifying employment at an establishment of the individual’s employer situated in a designated region or is ordinarily attached to such an establishment.“designated educational institution” has the meaning assigned by subsection 118.6(1). “designated region” has the meaning assigned by section 3 of the Regional Development Incentives Act. “qualifying employment” means an office or employment that the individual begins to hold in the 24-month period that follows the date on which the individual successfully completes the courses and, where applicable, the internships leading to the awarding of a recognized diploma, or the date on which the individual is awarded a recognized diploma that is a master’s or doctoral degree under an educational program requiring the writing of an essay, dissertation or thesis, if ( a) the individual begins to perform the duties of the office or employment after January 1, 2008;( b) at the time that the individual takes up the office or employment, the establishment of the individual’s employer at which the individual ordinarily performs the duties of that office or employment, or to which the individual is ordinarily attached, is situated in a designated region; and( c) the knowledge and skills obtained during the individual’s training or educational program are related to the duties performed by the individual in connection with the office or employment.“recognized diploma” means a degree, diploma or attestation awarded by a designated educational institution. (2) For the purpose of computing the tax payable under this Part by an individual for a taxation year, there may be deducted an amount equal to the lesser of ( a) the amount that is 40% of the aggregate of all amounts each of which is the salary or wages of the individual for the year from qualifying employment;( b) $3,000; and( c) the amount by which $8,000 exceeds the aggregate of all amounts each of which is an amount that the individual deducted under this section for the purpose of computing the tax payable, or that the individual is deemed to have paid to the Receiver General under this section for a preceding taxation year.”.

June 12, 2008 Passed That Bill C-207 be amended by restoring the title as follows: “An Act to amend the Income Tax Act (tax credit for new graduates working in designated regions)”

Income Tax ActPrivate Members' Business

June 6th, 2008 / 2:05 p.m.

Some hon. members

Nay.

Income Tax ActPrivate Members' Business

June 6th, 2008 / 2:05 p.m.

The Acting Speaker Royal Galipeau

In my opinion, the nays have it.

And five or more members having risen:

The recorded division on Motion No. 1 stands deferred.

The next question is on the amendment to Motion No. 2.

Is it the pleasure of the House to adopt the amendment?

Income Tax ActPrivate Members' Business

June 6th, 2008 / 2:10 p.m.

Some hon. members

Agreed.

No.

Income Tax ActPrivate Members' Business

June 6th, 2008 / 2:10 p.m.

The Acting Speaker Royal Galipeau

All those in favour of the amendment will please say yea.

Income Tax ActPrivate Members' Business

June 6th, 2008 / 2:10 p.m.

Some hon. members

Yea.

Income Tax ActPrivate Members' Business

June 6th, 2008 / 2:10 p.m.

The Acting Speaker Royal Galipeau

All those opposed will please say nay.

Income Tax ActPrivate Members' Business

June 6th, 2008 / 2:10 p.m.

Some hon. members

Nay.

Income Tax ActPrivate Members' Business

June 6th, 2008 / 2:10 p.m.

The Acting Speaker Royal Galipeau

In my opinion, the nays have it.

And five or more members having risen:

Income Tax ActPrivate Members' Business

June 6th, 2008 / 2:10 p.m.

The Acting Speaker Royal Galipeau

The recorded division on the amendment stands deferred.

Normally at this time the House would proceed to the taking of the deferred recorded divisions at the report stage of the bill. However, pursuant to Standing Order 98, the divisions stand deferred until Wednesday, June 11, immediately before the time provided for private members' business.

It being 2:12 p.m., this House stands adjourned until Monday next at 11 a.m., pursuant to Standing Order 24(1).

(The House adjourned at 2:12 p.m.)

The House resumed from June 6 consideration of Bill C-207, An Act to amend the Income Tax Act (tax credit for new graduates working in designated regions), as reported (with amendment) from the committee, and of the motions in Group No. 1.

Income Tax ActPrivate Members' Business

June 12th, 2008 / 10:35 a.m.

The Speaker Peter Milliken

Pursuant to order made on Tuesday, June 10, the House will proceed to the taking of the deferred recorded divisions on the motions at report stage of Bill C-207 under private members' business.

The question is on Motion No. 1.

(The House divided on the motion, which was agreed to on the following division:)

Vote #150

Income Tax ActPrivate Members' Business

June 12th, 2008 / 10:40 a.m.

The Speaker Peter Milliken

I declare Motion No. 1 carried.

The next question is on the amendment to Motion No. 2.

(The House divided on the amendment to the amendment, which was agreed to on the following division:)

Vote #151

Income Tax ActPrivate Members' Business

June 12th, 2008 / 10:50 a.m.