Jobs
The bill says that if an agreement is made for a province to collect federal taxes, the agreement must include plans to lessen any negative effects on the jobs of people who might be affected by the change.
C-224
Details
- Full Title
- An Act to amend An Act to authorize the making of certain fiscal payments to provinces, and to authorize the entry into tax collection agreements with provinces
- First Reading
- January 27, 2021, Parliament 43, Session 2
- Type
- Private Member’s Bill
- Full Content
- https://www.parl.ca/legisinfo/en/bill/43-2/c-224
Summary
Bill C-224 proposes an amendment to An Act to authorize the making of certain fiscal payments to provinces, and to authorize the entry into tax collection agreements with provinces. The goal is to allow the federal Minister of Finance to make agreements with provincial governments for them to collect federal income taxes (both personal and corporate) on behalf of the Canadian government. The provinces would then send the tax money to the federal government.
The bill states that any such agreement must include ways to lessen any negative effects on the jobs of people affected by this change. When an agreement is made, the federal government will negotiate with foreign tax authorities. The purpose of this negotiation is to change tax treaties and agreements, to allow the province to directly get needed tax information from those foreign authorities.
Specifically, the bill requires the Minister of Finance to start talking with the Government of Quebec within 90 days of the bill becoming law. The goal is to reach an agreement within one year where Quebec would collect federal income taxes.
Issues
Economy
Taxation
The bill allows the federal government to make agreements with provinces so that the province can collect federal income taxes (both personal and corporate). Quebec is specifically mentioned and required to have discussions with the federal government.