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Bill C-268

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First Reading

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	1st Session, 36th Parliament, 46 Elizabeth II, 1997
	The House of Commons of Canada
	BILL C-268
	An Act to amend the Members of Parliament Retiring Allowances Act (deduction re other income)
R.S., c. M-5; 1989, c. 6; 1992, c. 46; 1995, c. 30	Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
	*1. The Members of Parliament Retiring Allowances Act* is amended by adding the following after section 59.1:**
	59.2 (1) In this section,
``beneficiary'' « bénéficiai- re »	``beneficiary''means the spouse or child of a deceased former member;
``outside income deduction'' « réduction en raison d'un revenu extérieur »	``outside income deduction'' means the same amount or percentage that would be deducted in a year from a payment to the former member or beneficiary under the Old Age Security Act, in respect of other personal or household income received, whether or not the former member or beneficiary was entitled to receive such a payment during the year in question.
Deduction in respect of other income	(2) From the amount payable to a former member or beneficiary in each year commencing with 1998, under this Act shall be deducted an outside income deduction calculated in accordance with this section.
Regulations	(3) The Governor in Council may make regulations
	(a) defining the other income to be taken into account for the purposes of this section, which is to be equivalent to that taken into account in calculating a deduction under the Old Age Security Act;
	(b) requiring a former member to report an estimate of other income for every year commencing with 1998 before the commencement of the year and to report the actual amount of other income after the end of the year; and
	(c) providing for the amount to be deducted under this section to be deducted in instalments from periodic payments to a former member or a beneficiary under this Act.