Cost estimate for Bill C-323 : An Act to amend the Income Tax Act (rehabilitation of historic property). : YN5-128/2017E-PDF

"On 1 December 2016, Peter Van Loan, MP, introduced a private member’s bill, Bill C-323. It would amend the Income Tax Act to create a 20 per cent tax credit for expenses related to rehabilitating a historic property, and to create a tax deduction for the capital cost of property used in the course of such rehabilitation. The Office of the Parliamentary Budget Officer (PBO) based its analysis on data obtained from the Canadian Register of Historic Places on the number of eligible historic properties, and from Statistics Canada on the average cost of home repairs and renovations. PBO estimates that the annual cost of the credit will range between $55 million and $67 million in the first five years, if the average cost of rehabilitation and take-up rate of the credit are similar to projects undertaken in the United States for a similar credit"--Executive summary, p. 1.

Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.847790&sl=1

• Format MARC XML
• Format MARC HTML

Demander des formats alternatifs