Bill C-202
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C-202
First Session, Forty-first Parliament,
60 Elizabeth II, 2011
HOUSE OF COMMONS OF CANADA
BILL C-202
An Act to amend the Income Tax Act (death benefit)
first reading, June 8, 2011
Ms. Charlton
411074
SUMMARY
This enactment amends the Income Tax Act to eliminate any income tax payable on a death benefit received under the Canada Pension Plan or a provincial pension plan.
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1st Session, 41st Parliament,
60 Elizabeth II, 2011
house of commons of canada
BILL C-202
An Act to amend the Income Tax Act (death benefit)
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. Paragraph 56(1)(a.1) of the Income Tax Act is repealed.
2. Subsection 81(1) of the Act is amended by striking out “or” at the end of paragraph (q) and by adding the following after paragraph (r):
(s) a benefit received under section 71 of the Canada Pension Plan or under a similar provision of a provincial pension plan as defined in section 3 of that Act; or
(t) where the taxpayer is an estate that arose on or as a consequence of the death of an individual, each benefit received under section 71 of the Canada Pension Plan, or under a similar provision of a provincial pension plan as defined in section 3 of that Act, after July 1997 and in the year in respect of the death of the individual.
Published under authority of the Speaker of the House of Commons
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