Assembly Vote
18th Assembly, 3rd SessionSitting Day 67 - March 8, 2019
Bill 43
An Act to Amend the Income Tax Act
Bill Sponsor:
Robert C. McLeod
Last Stage Completed:
Law (Assent given) (Aug. 21, 2019)
Topic
Motion Text
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.