Bill C-342

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First Reading

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	1st Session, 37th Parliament, 49-50 Elizabeth II, 2001
	House of Commons of Canada
	BILL C-342
	An Act to amend the Income Tax Act (volunteers)
R.S., 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:
	*1. (1) Subsection 110(1) of the Income Tax Act* is amended by adding the following after paragraph (k):**
Volunteer services	(l) where the taxpayer renders a minimum of 250 hours service in the taxation year to a registered charity, a non-profit organization or a municipality or other public authority and does not receive a salary, stipend or other remuneration for such service in excess of $3,000, an amount equal to $1,000.
	(2) Section 110 of the Act is amended by adding the following after subsection (1.5):
Proof of volunteer hours	(1.6) A deduction under paragraph (1)(l) shall not be allowed unless a prescribed form certifying the total number of hours of volunteer services performed by the taxpayer is issued by the person to whom the taxpayer provided the volunteer services and is filed with the taxpayer's return of income for the year.
	2. Subsection 149(12) of the Act is replaced by the following:
Information returns	(12) Every person who, because of paragraph 1(e) or (l), is exempt from tax under this Part on all or part of the person's taxable income shall, within 6 months after the end of each fiscal period of the person and without notice or demand therefor, file with the Minister an information return for the period in prescribed form and containing prescribed information, if
	(a) the total of all amounts each of which is a taxable dividend or an amount received or receivable by the person as, on account of, in lieu of or in satisfaction of, interest, rentals or royalties in the period exceeds $10,000;
	(b) at the end of the person's preceding fiscal period the total assets of the person (determined in accordance with generally accepted accounting principles) exceeded $200,000;
	(c) the person has issued a certificate pursuant to subsection 110(1.6) in the year; or
	(d) an information return was required to be filed under this subsection by the person for a preceding fiscal period.
	3. Section 230 of the Act is amended by adding the following after subsection (2.1):
Records for volunteers	(2.2) Every person who issues a certificate pursuant to subsection 110(1.6) shall keep records and books of account at an address in Canada recorded with the Minister or designated by the Minister containing
	(a) a duplicate of each such certificate;
	(b) other information in such form as will enable the Minister to verify the hours of volunteer services provided to that person for which a deduction is available under this Act.