C-339
First Session, Thirty-ninth Parliament,
55 Elizabeth II, 2006
HOUSE OF COMMONS OF CANADA
BILL C-339
An Act to amend the Income Tax Act (exclusion of income received by an athlete from a non-profit club, society or association)
first reading, June 21, 2006
Mr. Marston
391214
SUMMARY
This enactment excludes income not exceeding $8,000, received from a non-profit club, society or association, from the income of an athlete for taxation years starting in 2000.
Also available on the Parliament of Canada Web Site at the following address:http://www.parl.gc.ca
.vis1 {position: absolute;display:block;}
.vis2 {position: static;}
1st Session, 39th Parliament,
55 Elizabeth II, 2006
house of commons of canada
BILL C-339
An Act to amend the Income Tax Act (exclusion of income received by an athlete from a non-profit club, society or association)
R.S., c.1
(5th Supp.)
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
1. Subsection 81(1) of the Income Tax Act
is amended by striking out the word “or” at
the end of paragraph (q), by adding the word
“or” at the end of paragraph (r) and by
adding the following after paragraph (r):
Athlete
(r.1) income for the year, not exceeding
$8,000, received by an athlete from a non-profit
club, society or association that is
operated exclusively for the purpose of
improving athletic performances and promoting
amateur athletics.
2. This Act is deemed to have come into force on January 1, 2000.
Published under authority of the Speaker of the House of CommonsAvailable from:Publishing and Depository ServicesPublic Works and Government Services CanadaOttawa, Ontario K1A 0S5Telephone: (613) 941-5995 or 1-800-635-7943Fax: (613) 954-5779 or 1-800-565-7757publications@pwgsc.gc.cahttp://publications.gc.ca