Bill C-467
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2nd Session, 36th Parliament, 48-49 Elizabeth II, 1999-2000
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The House of Commons of Canada
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BILL C-467 |
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An Act to amend the Income Tax Act
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| R.S., cc. 1, 2
(5th Supp.);
1994, cc. 7, 8,
13, 21, 28, 29,
38, 41; 1995,
cc. 1, 3, 11,
18, 21, 38, 46;
1996, cc. 11,
21, 23; 1997,
cc. 10, 12, 25,
26; 1998, cc.
19, 21, 34;
1999, cc. 10,
17, 22, 26, 31
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1. The Income Tax Act is amended by
adding the following after section 122.51:
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| Deduction by
individual of
community
service group
membership
dues
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122.52 (1) For the purpose of computing the
tax payable under this Part by an individual for
a taxation year, there may be deducted such
amount as the individual claims not exceeding
the amount determined by the formula
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(A x B) + [C x (D - B)]
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where
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A is the appropriate percentage for the year;
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B is the lesser of $200 and the total amount
of annual dues paid by the individual in the
year to maintain his or her membership in
one or more community service groups;
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C is the highest percentage referred to in
subsection 117(2) that applies in
determining tax that might be payable
under this Part for the year; and
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D is the total amount of annual dues paid by
the individual in the year to maintain his or
her membership in one or more
community service groups.
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| Regulations
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(2) The Minister may make regulations
defining the expression ``community service
group'' and any expressions referred to in that
definition for the purposes of subsection (1).
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