Archived - Minister Oliver Tables Notice of Ways and Means Motion to Implement Tax Provisions in Economic Action Plan 2014 and Other Tax Measures
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March 24, 2014 – Ottawa, Ontario – Department of Finance
Minister of Finance Joe Oliver today tabled in the House of Commons a detailed Notice of Ways and Means Motion to implement certain tax and tariff provisions in Economic Action Plan 2014, as well as certain other tax measures.
The Notice of Ways and Means Motion includes the following measures:
Supporting Families and Communities
- Increasing the maximum amount of the Adoption Expense Tax Credit to $15,000 to help make adoption more affordable for Canadian families.
- Introducing a Search and Rescue Volunteers Tax Credit for search and rescue volunteers who perform at least 200 hours of service in the year.
- Expanding the list of eligible expenses under the Medical Expense Tax Credit to include costs associated with service animals that are specially trained to assist individuals with severe diabetes, such as diabetes alert dogs, as well as amounts paid for the design of an eligible individualized therapy plan.
- Expanding the current Goods and Services Tax/Harmonized Sales Tax (GST/HST) exemption for training that is specially designed to help individuals cope with a disorder or disability to also exempt services of designing such training, such as developing a training plan.
- Exempting acupuncturists’ and naturopathic doctors’ professional services from the GST/HST.
- Exempting hospital parking for patients and visitors from the GST/HST.
- Doubling to 10 years, for income tax purposes, the carry-forward period for donations of ecologically sensitive land to conservation charities.
- Restoring the effectiveness of the excise duty on tobacco products in support of the Government’s commitment to reducing tobacco consumption.
Supporting Jobs and Growth
- Supporting mineral exploration by junior companies by extending the 15-per-cent Mineral Exploration Tax Credit for flow-through share investors for an additional year.
- Eliminating tariffs on mobile offshore drilling units used in offshore oil and gas exploration and development.
- Reducing the maximum number of required payments on account of source deductions for more than 50,000 employers.
- Eliminating the need for an individual to apply for the GST/HST Credit and allowing the Canada Revenue Agency to automatically determine if an individual is eligible to receive the credit.
- Modifying pension transfer limits to help individuals who are leaving an underfunded pension plan.
- Requiring certain financial intermediaries to report to the Canada Revenue Agency international electronic funds transfers of $10,000 or more.
- Deeming the value of a gift of certified cultural property to be no greater than the donor’s cost of the property, if it was acquired under a gifting arrangement that is a tax shelter.
- Introducing legislation to require the Minister of Finance to table in Parliament annually a list of the Government’s outstanding tax measures.
- Adding a new administrative monetary penalty, and amending the existing criminal offence, for the making of false statements or omissions in an excise tax return and related offences under the non-GST/HST portion of the Excise Tax Act.
- Amending the Customs Tariff to make the Governor General subject to the same tariff rules as other Government office holders.
More details on these measures can be found in the Notice of Ways and Means Motion and detailed explanatory notes.
- Since the Government first introduced its Economic Action Plan to respond to the global recession, Canada has recovered both more than all of the output and all of the jobs lost during the recession.
- Since July 2009, employment has increased by over 1 million and is over 600,000 above its pre-recession peak—the strongest job growth among Group of Seven (G-7) countries over the recovery.
- Almost 90 per cent of all jobs created since July 2009 are full-time positions, close to 85 per cent are in the private sector and over two-thirds are in high-wage industries.
- Real gross domestic product is significantly above pre-recession levels—the best performance in the G-7.
"These measures are part of our Economic Action Plan and build on previous actions to support families and communities across the country. They will ensure that Canada has the highly skilled individuals and new ideas it needs to help businesses innovate, secure new markets and create well-paying jobs. By staying the course and sticking to our proven plan, we are helping to ensure that Canada has a bright future as a growing economy fuelled by a return to balanced budgets in 2015."
- Joe Oliver, Minister of Finance
- Notice of Ways and Means Motion to implement certain provisions of the budget tabled in Parliament on February 11, 2014 and other measures and Explanatory Notes
Director of Communications
Office of the Minister of Finance
Department of Finance