Bill C-367
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1st Session, 41st Parliament,
60 Elizabeth II, 2011
house of commons of canada
BILL C-367
An Act to amend the Income Tax Act (tax credit for dues paid to veterans' organizations)
R.S., c. 1 (5th Supp.)
Her Majesty, by and with the advice and consent of the Senate and the House of Commons of Canada, enacts as follows:
1. The Income Tax Act is amended by adding the following after section 122.51:
Deemed payment on account of tax — membership dues
122.52 Where a return of income is filed in respect of an eligible individual for a particular taxation year that ends at the end of a calendar year, there is deemed to be paid at the end of the particular year on account of the individual’s tax payable under this Part for the particular year an amount equal to the amount that the individual paid during the year as membership dues to a branch of the Royal Canadian Legion or Army, Navy and Air Force Veterans in Canada Association or to a prescribed veterans’ organization.
2. (1) Paragraph 152(1)(b) of the Act is replaced by the following:
(b) the amount of tax, if any, deemed by subsection 120(2) or (2.2), 122.5(3) or122.51(2), section 122.52 or subsection 122.7(2) or (3), 125.4(3), 125.5(3), 127.1(1), 127.41(3) or 210.2(3) or (4) to be paid on account of the taxpayer’s tax payable under this Part for the year.
(2) Paragraph 152(4.2)(b) of the Act is replaced by the following:
(b) redetermine the amount, if any, deemed by subsection 120(2) or (2.2), 122.5(3) or
122.51(2), section 122.52 or subsection 122.7(2) or (3), 127.1(1), 127.41(3) or 210.2(3) or (4) to be paid on account of the taxpayer’s tax payable under this Part for the year or deemed by subsection 122.61(1) to be an overpayment on account of the taxpayer’s liability under this Part for the year.
Published under authority of the Speaker of the House of Commons