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Bill 178, Taxation Amendment Act (Promoting Leisure Activities for Youth), 2024

Blais, Stephen

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Status

Debates

Acts affected

Votes

Original

Bill 178 Original (PDF)

EXPLANATORY

NOTE

The

Bill amends the Taxation Act, 2007 to provide for a

non-refundable tax credit of up to $1,000 for residents of Ontario for

children’s activities.

Bill 178 2024

Act to amend the Taxation Act, 2007 to provide for a non-refundable tax credit

to encourage children’s extra-curricular activities

His

Majesty, by and with the advice and consent of the Legislative Assembly of the

Province of Ontario, enacts as follows:

Subsection 16 (2) of the Taxation Act, 2007 is

amended by striking out “21.1 and 22” at the end and substituting “21.1, 22 and

103.1.3”.

The Act is amended by adding the following section:

Children’s

activity tax credit, post 2024

103.1.3

(1) An

individual who is resident in Ontario on the last day of a taxation year ending

after December 31, 2024 may deduct from the amount of tax otherwise payable for

the year under Division B of

Part II a children’s activity tax credit not exceeding

$1,000.

Regulations

(2) The

Lieutenant Governor in Council may make regulations prescribing any rules the

Lieutenant Governor in Council considers necessary or advisable for the

purposes of the proper administration of the credit under this section,

including rules respecting the receipts and other information a person may be

required to provide in connection with this section.

Commencement

This Act comes into force on the day it receives Royal Assent.

Short

title

The

short title of this Act is the Taxation Amendment Act (Promoting Leisure Activities for Youth),

2024 .

Date Bill stage Event Outcome Committee

May 16, 2024

Second Reading

Ordered referred to Standing Committee

May 16, 2024

Second Reading

Vote

Carried

May 27, 2024

Second Reading

Vote

Lost on division

May 16, 2024

Second Reading

Question put

May 16, 2024

Second Reading

Question put

Vote deferred

May 16, 2024

Second Reading

Debated

March 20, 2024

First Reading

Ordered for Second Reading

March 20, 2024

First Reading

Vote

Carried

First Reading

March 20, 2024

Carried

Ordered for Second Reading

Second Reading

May 16, 2024

Blais, Stephen

Orléans

Bowman, Stephanie

Don Valley West

Crawford, Stephen

Oakville

Rakocevic, Tom

Humber River—Black Creek

Shaw, Sandy

Hamilton West—Ancaster—Dundas

Question put

May 27, 2024

Lost on division