Bill C-240

Routine Proceedings

moved for leave to introduce Bill C-240, An Act to amend the Criminal Code, to make related amendments to the Corrections and Conditional Release Act and to amend the Controlled Drugs and Substances Act. Mr. Speaker, today I rise to introd…

Private Members' Business

…ncy Act to ensure that folks are able to collect their pension funds over time. I want to reference Bill C-240, from the member for Charleswood—St. James—Assiniboia—Headingley, which amends the Income Tax Act to ensure that capital gains exemptions are granted to those whose estate goes to a charity. The memb…

Private Members' Business

…ow proceed to the taking of the deferred recorded division on the motion at second reading stage of Bill C-240 under Private Members' Business.

Private Members' Business

The House resumed from June 2 consideration of the motion that Bill C-240, An Act to amend the Income Tax Act (donations involving private corporation shares or real estate), be read the second time and referred to a committee.

Private Members' Business

Mr. Speaker, I am pleased to rise today to speak to Bill C-240, an act to amend the Income Tax Act. I would like to first commend my colleague from Charleswood—St. James—Assiniboia—Headingley for introducing this important bill in Parliament. I know my fellow Ma…

Private Members' Business

… appreciate the opportunity to take part in today's second reading debate on private member's bill, Bill C-240. As we know, the bill would provide an exemption from capital gains tax in respect of donations to charities resulting from certain arm's-length dispositions of real estate or private corporation sha…

Private Members' Business

Mr. Speaker, I am pleased to rise to participate in this debate on Bill C-240. This bill will affect an important industry in Quebec, specifically non-profit organizations, or NPOs, and charities that we have all worked with as citizens and in our work as members. We are all w…

Private Members' Business

…alent of 25% of the increase in value of the property during the period of time it was owned. Under Bill C-240, those proceeds could be donated, in their entirety or in part, to a charity of the donor's choice and the donor would receive an exemption from the tax. In the end, we would incentivize somebody to …

Private Members' Business

Mr. Speaker, as was said earlier, we are here today to debate a private member's bill, Bill C-240, that really focuses on exempting real estate and private corporation shares from capital gains tax when the proceeds are donated to charities. I have worked in charities for a good part of my life. …

Statements by Members

Mr. Speaker, I rise today in support of my private member's bill, Bill C-240, the supporting Canadian charities act. The pandemic has inflicted tremendous losses on charities and their ability to provide much-needed services to Canadians. The situation is bleak. Canada's 85,0…