Madam Speaker, I move seconded by the honourable Member for Nahendeh, that Bill 62, An Act to Amend the Income Tax Act, No. 2, be read for the second time.
This bill makes a number of amendments to the Act to update the Act, in light of recent Income Tax Act of Canada amendments, by the following:
Allowing the communication of information between governments of the Northwest Territories and Canada;
Removing federally repealed provisions;
Making changes respecting various COVID19 relief measures;
Making the act conform with the CanadaNorthwest Territories tax collection agreement;
Including a reference to allow or disallow deductions in calculating the federal foreign tax credit; and,
Removing ambiguity respecting tax on split income for multijurisdictional tax filers.
Thank you, Madam Speaker.
Thank you, Minister. The motion is in order. To the principle of the bill.
Question.
DEPUTY SPEAKER:
Carried
Second reading of bills. Minister of Education, Culture and Employment.
