1st Session, 37th Parliament,
49-50 Elizabeth II, 2001

House of Commons of Canada

BILL C-282

An Act to amend the Income Tax Act (deduction of property taxes paid in respect of a principal residence)

R.S., 1985, c. 1 (5th Supp.)

      Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

SHORT TITLE

1. This Act may be cited as the Homeowners' Freedom from Double Taxation Act.

2. Section 60 of the Income Tax Act is amended by adding the following after paragraph (m.1):

Property taxes paid in respect of a principal residence

    (m.2) where the taxpayer is an individual, the property taxes paid to a province or a Canadian municipality by the taxpayer in respect of property that is the taxpayer's principal residence and is owned by the taxpayer;