Skip to main content
;

Bill C-338

If you have any questions or comments regarding the accessibility of this publication, please contact us at accessible@parl.gc.ca.

PDF

SUMMARY

The purpose of this enactment is to allow employees to deduct the cost of providing tools for their employment if they are required to do so by the employer as a condition of employment. The deduction includes an allowance in respect of the capital cost of the tools and rental, maintenance and insurance expenses.

Regulations would set the appropriate depreciation rates applicable to the capital costs for various types of tools.