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Bill C-477

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1st Session, 37th Parliament,
49-50-51 Elizabeth II, 2001-2002

House of Commons of Canada

BILL C-477

An Act to amend the Income Tax Act (amateur sport fees)

Preamble

Whereas many Canadians of all ages participate in amateur sport;

Whereas the fees for participating in amateur sport are often high;

And Whereas tax laws must allow for the deduction of those fees in order to lower the tax burden of Canadians;

R.S., c. 1 (5th Supp.)

Now, Therefore, Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1. The Income Tax Act is amended by adding the following after section 118.95:

Credit for the cost of participating in amateur sport

118.96 (1) For the purpose of computing an individual's tax payable under this Part for a taxation year, there may be deducted the amount determined by the formula

A x B

where

A is the appropriate percentage for the year; and

B is the total of all fees paid by the individual in the year for the individual or a dependant of the individual to participate in amateur sport.

Definitions

(2) The following definitions apply to this section.

``amateur sport''
« sport amateur »

``amateur sport'' means any sport in which the individual or a dependant of the individual participates at any level other than a professional level without any remuneration being received.

``dependant''
« personne à charge »

``dependant'' means a person who in a taxation year is the child, grandchild, niece or nephew of the individual or of the individual's spouse or common-law partner, and who resides with the individual or the individual's spouse or common-law partner in Canada at any time in the year.

Filing of vouchers

(3) The individual must file, with the individual's return of income for the year, vouchers stating the fees paid by the individual for the participation of the individual or a dependant of the individual in amateur sport.

Regulations

(4) The Governor in Council may make regulations prescribing the types of fees that may be deducted under subsection (1).