Bill C-410
If you have any questions or comments regarding the accessibility of this publication, please contact us at accessible@parl.gc.ca.
- ENGLISH
- SUMMARY SUMMARY
- Income Tax Act Income Tax Act
|
First Session, Forty-fourth Parliament, 70-71 Elizabeth II – 1-2 Charles III, 2021-2022-2023-2024 |
|
HOUSE OF COMMONS OF CANADA |
An Act to amend the Income Tax Act (campgrounds)
|
|
FIRST READING, June 19, 2024
|
|
Ms. Rood |
SUMMARY
This enactment amends the Income Tax Act to exclude campgrounds from the definition “specified investment business”.
|
Available on the House of Commons website at the following address:
www.ourcommons.ca
|
|
1st Session, 44th Parliament, 70-71 Elizabeth II – 1-2 Charles III, 2021-2022-2023-2024 |
|
HOUSE OF COMMONS OF CANADA |
|
BILL C-410 |
|
An Act to amend the Income Tax Act (campgrounds) |
His Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
R.S., c. 1 (5th Supp.)
Income Tax Act
1 The portion of the definition specified investment business in subsection 125(7) of the Income Tax Act before paragraph (a) is replaced by the following:
specified investment business, carried on by a corporation in a taxation year, means a business (other than a business carried on by a credit union, a business of leasing property other than real or immovable property or Insertion start a campground business Insertion end ) the principal purpose of which is to derive income (including interest, dividends, rents and royalties) from property but, except where the corporation was a prescribed labour-sponsored venture capital corporation at any time in the year, does not include a business carried on by the corporation in the year where
|
Published under authority of the Speaker of the House of Commons
|