Mr. Chairman, I would recommend we move to Bill 26, An Act to Amend the Income Tax Act, No. 2.
Debates of April 2nd, 1993
Topics
Bill 27: Payroll Tax Act, 1993
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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Bill 27: Payroll Tax Act, 1993
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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The Chair Ludy Pudluk
Is this committee agreed?
Bill 27: Payroll Tax Act, 1993
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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Some Hon. Members
Agreed.
---Agreed
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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The Chair Ludy Pudluk
Thank you. Bill 26, An Act to Amend the Income Tax Act, No. 2. Would the Minister like to make opening remarks?
Introductory Remarks
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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John Pollard Hay River
Thank you, Mr. Chairman. The bill before you would grant an income tax credit to tax payers filing as Northwest Territories residents. For a representative tax payer earning $40,000 the credit should be $400, or if a person is earning $50,000 and $60,000 the credit should be $490 and $565 respectively. The tax credit would come into effect on July 1, 1993 and will be at half of the rate that will apply for 1994 and subsequent years. All Northwest Territories tax payers will receive with their 1993 income tax return an additional form to calculate the tax credit. The application for the tax credit will therefore be part of the annual income tax return sent to the federal government. Thank you, Mr. Chairman.
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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The Chair Ludy Pudluk
Thank you. Does the chairman of the Standing Committee on Finance have any remarks? It was concluded in the other report. Mr. Antoine.
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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Jim Antoine Nahendeh
Thank you, Mr. Chairman. The Standing Committee on Finance included our remarks in our report. It was a combined report. We have dealt with that report already.
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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The Chair Ludy Pudluk
Thank you. Are there any general comments? Is this committee agreed that we go clause by clause. Agreed?
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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Some Hon. Members
Agreed.
---Agreed
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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The Chair Ludy Pudluk
Thank you. Clause 1. Agreed?
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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Some Hon. Members
Agreed.
---Agreed
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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The Chair Ludy Pudluk
Thank you. Clause 2. Agreed?
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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Some Hon. Members
Agreed.
---Agreed
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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The Chair Ludy Pudluk
Thank you. Clause 3. Agreed?
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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Some Hon. Members
Agreed.
---Agreed
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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The Chair Ludy Pudluk
Bill as a whole. Agreed?
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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Some Hon. Members
Agreed.
---Agreed
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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The Chair Ludy Pudluk
Thank you. Is this committee agreed that Bill 26, An Act to Amend the Income Tax Act, No. 2 is ready for third reading. Agreed?
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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Some Hon. Members
Agreed.
---Agreed
Bill 26: An Act To Amend The Income Tax Act, No. 2
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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The Chair Ludy Pudluk
Thank you. What is the wish of the committee? I would like to thank the Minister and his witnesses. Mr. Dent.
Committee Report 10-12(3): Report On Tabled Document 21-12(3): Payroll Tax Act
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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Charles Dent Yellowknife Frame Lake
Mr. Chairman, I would like to suggest that seeing as we have dealt with the Payroll Tax Act, that we could agree that Committee Report 10-12(3), Report on Tabled Document 21-12(3): Payroll Tax Act was concluded.
Committee Report 10-12(3): Report On Tabled Document 21-12(3): Payroll Tax Act
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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The Chair Ludy Pudluk
Is this committee agreed that Committee Report 10-12(3), Report on Tabled Document 21-12(3): Payroll Tax Act is concluded. Agreed?
Committee Report 10-12(3): Report On Tabled Document 21-12(3): Payroll Tax Act
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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Some Hon. Members
Agreed.
---Agreed
Committee Report 10-12(3): Report On Tabled Document 21-12(3): Payroll Tax Act
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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The Chair Ludy Pudluk
Thank you. Mr. Dent.
Committee Report 10-12(3): Report On Tabled Document 21-12(3): Payroll Tax Act
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
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Charles Dent Yellowknife Frame Lake
Mr. Chairman, I would like to suggest that we deal with Tabled Document 133-12(3) and Tabled Document 134-12(3).