This is a single
speech (committee meeting) resource
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This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
{
"time": "2014-05-01 15:50:00",
"attribution": {
"en": "Mr. Ted Cook",
"fr": "M. Ted Cook"
},
"content": {
"en": "<p data-HoCid=\"3713473\" data-originallang=\"en\">Sure. Maybe my colleague might make some further comments on the particular credit itself, but the change that's being proposed in this bill is actually fairly simple. The adoption expense tax credit is a non-refundable credit that's indexed to inflation each year and without this amendment the expense limit for the credit would be on the order of about $11,800. So what this measure would do is simply increase that $11,800 to $15,000 for this year and because it is an indexed credit, then it will increase with inflation year after year.</p>\n<p data-HoCid=\"3713474\" data-originallang=\"en\">So that's fairly straightforward. In terms of dealing more generally with your question, I'd also note that in economic action plan 2013 the period for which expenses can be eligible for the credit was extended to start the adoption period earlier in certain cases.</p>\n<p data-HoCid=\"3713475\" data-originallang=\"en\">So I think all those are just additional removals of disincentives to adoption, if you will, relating to the cost of adoption.</p>",
"fr": "<p data-HoCid=\"3713473\" data-originallang=\"en\">Certainement. Mon coll\u00e8gue pourra peut-\u00eatre vous parler davantage du cr\u00e9dit en tant que tel, mais la modification qui est propos\u00e9e dans le cadre du projet de loi est en r\u00e9alit\u00e9 assez simple. Le cr\u00e9dit d'imp\u00f4t pour frais d'adoption est un cr\u00e9dit d'imp\u00f4t non remboursable qui est rajust\u00e9 en fonction de l'inflation chaque ann\u00e9e, et, sans la modification, le plafond de d\u00e9pense pour le cr\u00e9dit serait de l'ordre de 11 800 $. La mesure aura donc simplement pour effet de faire passer cette somme \u00e0 15 000 $ pour l'ann\u00e9e en cours, et, comme il s'agit d'un cr\u00e9dit index\u00e9, il sera major\u00e9 en fonction de l'inflation chaque ann\u00e9e.</p>\n<p data-HoCid=\"3713474\" data-originallang=\"en\">C'est donc assez simple. Pour r\u00e9pondre \u00e0 votre question de fa\u00e7on plus g\u00e9n\u00e9rale, je ferais aussi remarquer que, dans le Plan d'action \u00e9conomique 2013, la p\u00e9riode d'admissibilit\u00e9 des d\u00e9penses pour le cr\u00e9dit a \u00e9t\u00e9 prolong\u00e9e afin que la p\u00e9riode d'adoption puisse commencer plus t\u00f4t dans certains cas.</p>\n<p data-HoCid=\"3713475\" data-originallang=\"en\">Je pense donc que toutes ces mesures visent simplement \u00e0 supprimer d'autres \u00e9l\u00e9ments dissuasifs, si on veut, par rapport au co\u00fbt de l'adoption.</p>"
},
"url": "/committees/finance/41-2/31/ted-cook-9/",
"politician_url": null,
"politician_membership_url": null,
"procedural": false,
"source_id": "8333496",
"document_url": "/committees/finance/41-2/31/",
"related": {
"document_speeches_url": "/speeches/?document=%2Fcommittees%2Ffinance%2F41-2%2F31%2F"
}
}