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House Hansard - 331

44th Parl. 1st Sess.
June 13, 2024 10:00AM
Context: House Hansard - 331 - Jun/13/24
Mr. Brendan Hanley (Yukon, Lib.)
  • Jun/13/24 10:13:10 a.m.
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moved for leave to introduce Bill C-401, An Act to amend the Income Tax Act (northern residents deduction). He said: Mr. Speaker, I am pleased to rise to introduce an act to amend the Income Tax Act with a northern residents deduction. This would increase the daily deduction that can be claimed for residing in a certain northern zone, tie that amount to the consumer price index and remove the distinction between the prescribed intermediate and northern zones by merging the two. All of the Yukoners I talk to are deeply concerned about the cost of living, and I am committed to bringing down the cost of living in our territory. Since its introduction in 1986, the northern residents deduction has helped make life in the north more affordable, but this deduction has not kept pace with the rising costs northerners face. I hope the bill will help carry us towards a goal that many of my constituents and northern residents have advocated for, where the cost of northern life, modern life in the north, can be recognized and adjusted to today's and tomorrow's realities.
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