Bill C-401

An Act to amend the Income Tax Act (northern residents deduction)

Sponsor

Brendan Hanley  Liberal

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

Status

Outside the Order of Precedence (a private member's bill that hasn't yet won the draw that determines which private member's bills can be debated), as of June 13, 2024

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Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

This enactment amends the Income Tax Act to increase the daily deduction that can be claimed for residing in a certain northern zone, to tie that amount to the Consumer Price Index and to remove the distinction between the intermediate zone and the northern zone by merging those two zones into one northern zone.

Elsewhere

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

Income Tax ActRoutine Proceedings

June 13th, 2024 / 10:10 a.m.
See context

Liberal

Brendan Hanley Liberal Yukon, YT

moved for leave to introduce Bill C-401, An Act to amend the Income Tax Act (northern residents deduction).

Mr. Speaker, I am pleased to rise to introduce an act to amend the Income Tax Act with a northern residents deduction. This would increase the daily deduction that can be claimed for residing in a certain northern zone, tie that amount to the consumer price index and remove the distinction between the prescribed intermediate and northern zones by merging the two.

All of the Yukoners I talk to are deeply concerned about the cost of living, and I am committed to bringing down the cost of living in our territory.

Since its introduction in 1986, the northern residents deduction has helped make life in the north more affordable, but this deduction has not kept pace with the rising costs northerners face. I hope the bill will help carry us towards a goal that many of my constituents and northern residents have advocated for, where the cost of northern life, modern life in the north, can be recognized and adjusted to today's and tomorrow's realities.

(Motions deemed adopted, bill read the first time and printed)