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Bill 43 An Act to Amend the Income Tax Act

Vote topic

Thank you, Mr. Speaker. I move, seconded by the honourable Member for Hay River South, that Bill 43, An Act to Amend the Income Tax Act, be read for the second time. This bill amends the Income Tax Act to make changes to non-refundable tax claimed by multi-jurisdictional individual tax filers, including changes that restrict the Northwest Territories' pension credit to the Northwest Territories' residents, and changes that allow co-pension and dividend credits to be claimed by Northwest Territories residents with business income earned outside the territories. This bill also amends the Income Tax Act to provide a cost of living offset as a mechanism for recurring carbon tax revenue to Northwest Territories' residents. Thank you, Mr. Speaker.

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Carried - As a voice vote there is no record of individual votes, just the final result.