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Home My WebLink AboutHK - 2017-03-07 - Item 5 - Bill C-323 - Private Members Bill to Support Heritage Restorations March 7, 2017 Bill C-323 Tax Credit for Restoring Historic Buildings: 5 - 1 reading (attached) comes into effect nd or taxation year in which Act receives royal assent costs for rehabilitation work to designated historic places (commercial & owner-occupied residential)eligible costs (commercial buildings)rehabilitationfollowing Parks Canada standards and guidelinesdevelopment fees, site improvement costs related to the character-defining elements of the propertyf Private Members Billamends Income Tax Act to create 20% tax credit on eligible accelerated Capital Cost Allowance (25%/50%/25%) for seeks to limit destruction of heritage buildings by encouraging tax credit for properties on National Register of Historic Placesor provincial registers, if designated by Ministerto be eligible, restoration must be certified by an architect, e.g., construction costs, professional fees, insurance, may deduct rehabilitation tax credits for 10 consecutives years1-hour of debate on 2 Bill C-323 5 - 2 Historic Tax Credit Program (1977)revenuelow/moderate income families According to National Trust for Canada:measure inspired by successful, long-running U.S. Federal $23.1 billion in federal creditsgenerated more than $28.1 billion in additional federal tax leveraged over $120.8 billion in private investment5 to 1 ratio of private investment to tax creditsfunded projects have created 2.4 million jobspreserved 41,254 historic propertiescreated over 525,000 housing units, including 27% for U.S. Federal Historic Tax Credit Program 5 - 3 including skilled jobs, than same investment in new constructionCanada-wide pilot program (2003 -2008), designed to test benefit of heritage tax credit -results impressive: federal contributions of $21.5 million for 49 projects leveraged over 8 times more in private sector investment ($177.2 million)energy already invested, reduces construction and demolition waste, avoids environmental impact associated with new development -study shows it takes 10 to 80 years for new green building to make up for negative climate change impacts of its construction According to National Trust for Canada:studies show building rehabilitation generates 21% more jobs, Commercial Heritage Properties Incentive Fund (CHPIF), developers confirmed need in 2014 studyFebruary 2016 developers panel in Kitchener re-confirmedbuilding renewal and re-use capitalizes on materials and Stats in Canada 5 - 4 While An Act to Amend the Income Tax Act (Rehabilitation , which proposes to create a 20% income tax credit An Act to Amend the Income Tax Act (Rehabilitation of Historic ; and, WHEREAS the City of Kitchener Official Plan states that Kitcheners cultural heritage resources are important from a historical and cultural perspective, they are also of social, economic, environmental and educational value. They help to instill civic pride, foster a sense of community, contribute to tourism and stimulate the building renovation industry; and,WHEREAS, Bill C-323 of Historic Property)for the rehabilitation of historic buildings, has the potential to broadly affect homeowners and the development/construction industry, and positively impact the economy, job creation and carbon reduction through the support of the rehabilitation of historic buildings;BE IT RESOLVED that the City of Kitchener endorses Private Members Bill C-323, Property)BE IT FINALLY RESOLVED that a copy of this resolution be forwarded to the Right Hon. Justin Trudeau, Prime Minister of Canada; the Hon. Catherine McKenna,Minister of Environment& Climate Change; the Hon. Bill Morneau, Minister of Finance; the Hon. Peter Van Loan; all local area M.P.s and municipalities; and the National Trust for Canada. Recommendation 5 - 5 e-NEWSLETTER Heritage Tax Bill C-323 Survives First Hour of Debate in House Keep Sending Letters and Resolutions! To see a transcript of the Friday, February 10, 2017 debate on C-323, scroll down in Hansard to Private Members Business. You will see that your letters/resolutions were quoted extensively by MPs in their statements. Please keep these letters/resolutions flowing as they will continue to make an important impact as debate progresses. A second hour of debate on C-323 will come in the next few weeks (we will post the date when it is assigned), followed by a vote on whether to kill the Bill or send it to the House of Commons Environment Committee for further vetting and debate. LEARN MORE 5 - 6 HouseofCommonsDebates VOLUME148 Ï NUMBER138 Ï 1stSESSION Ï 42ndPARLIAMENT OFFICIALREPORT (HANSARD) Friday,February10,2017 Speaker:TheHonourableGeoffRegan 5 - 7 8808COMMONSDEBATESFebruary10,2017 PrivateMembers'Business Ï(1310)whofirstmadethishome,thetrappers,therailway,theindustries, thefarmersandlabourerswhobuilttheeconomy.Allofthoseare \[English\] literallycarvedintothisbuilding.Thestoneandthewoodtoospeak Ms.FilomenaTassi:Mr.Speaker,therehavebeendiscussions toourlandsandourforests.Wehaveallaroundusatangible amongthewhipsandpursuanttoStandingOrder45(7)Iaskthatthe exampleofwhypreservingourbuiltheritagematters. recordeddivisiononthethirdreadingofBillC-31,anactto implementtheFreeTradeAgreementbetweenCanadaandUkraine BillC-323seekstopreserveandprotectourcountry'simportant currentlyscheduledforMonday,February13bedeferredto historicbuiltformbyencouragingitsrestoration.Thebillwoulddo Tuesday,February14,attheexpiryofthetimeprovidedfororal thisthroughtwosimpledevices.Thefirstelementisa20%taxcredit questions. forspendingontherestorationofhistoricbuildings.Thesecond TheDeputySpeaker:Accordinglytherecordeddivisionis elementisanacceleratedthreeyearcapitalcostwriteofffortherest furtherdeferredtoTuesdayattheconclusionoforalquestions. oftherestorationcost. Ms.FilomenaTassi:Mr.Speaker,ifyouseekit,Ibelieveyou willfindtheconsentoftheHousetoseetheclockas1:30p.m.,so Thepolicyrationalebehindthebillissimple.Thereisstrong wemaycommencewithprivatemembers'hour. publicinterestinencouragingthepreservationandrestorationof significanthistoricbuildings.However,thecosttoindividualowners TheDeputySpeaker:Isitagreed? ismuchhigherthanthealternativeofdemolitionandnew Somehon.members:Agreed. construction.Whenweaskprivateownerstopreservehistoric buildingsthroughaheritagedesignation,weareaskingthemto \[Translation\] deliveranimportantpublicbenefit,butweareaskingthoseprivate TheDeputySpeaker:TheHousewillnowproceedtothe citizenstobearthefullhighcostofdeliveringthis,somethingfrom considerationofprivatemembers'businessaslistedontoday'sorder whichweallbenefit.Throughthetaxcreditandtheaccelerated paper. writeoff,weareproposingtoprovideamodestmeasuretooffset someoftheprivatelybornecostsofrestoringimportantbuildingsin ourcommunities. PRIVATEMEMBERS'BUSINESS Toooftentheeconomicburdencreatesanincentivetodemolish. \[English\] Wejustwitnessedthatwithlastmonth'sdemolitionofthe110-year- INCOMETAXACT oldBeauxArtsBankofMontrealbuildingatYongeandRoselawnin Toronto.Althoughplanshadbeendesignedtoincorporaterestora- Hon.PeterVanLoan(YorkSimcoe,CPC)movedthatBill tionoftheheritagebuildingintoanewdevelopment,attheendof C-323,AnActtoamendtheIncomeTaxAct(rehabilitationof theday,theownerschosetodemolishinstead,resultinginmuch historicproperty),bereadthesecondtimeandreferredtoa unhappinessinthesurroundingcommunity. committee. Hesaid:Mr.Speaker,asonewalksthestreetsofLondon,the Thisbillwouldhelptochangethosecalculationsandgive quartiersofParis,thepiazzasofRome,onestandsinawe.The propertyownersareasontodowhatisrightnotjustfortheir buildingsspeaktous,ofgreatartistsandphilosopherswholived interests,butinthecommunity'sinterest. within,ofrevolutionsstagedtherethatchangedtheworld,ofthe growthandadvanceofsocietiesandculturesthatthosebuildings Thisisnotapartisaninitiative.Itcrossespartylines.Iwantto mark. thanktheLiberalmembersforCloverdaleLangleyCityandfrom Welookatthatbuiltheritageinthosegreatcities,notjustforits KingstonandtheIslandsfortheirhelpwiththisproposal. ownintrinsicbeautybutbecausethosebuildingstellstories,of people,ofhistory,ofthatplace,andofwhoweare.Wemaybe Thebillisbaseduponapolicyinitiativethatwasunder livinginthehereandnow,butthebuiltheritageinformsusofthe developmentunderbothConservativeandLiberalgovernments.It manytwistsandturnsofhumanitythatbroughtushere. reliesuponworkdonewithinParksCanadainanticipationofsucha taxcreditproposal,includingthedevelopmentofthenational Builtheritagematters.Itisimportant.Ittellsuswhoweareand registerofhistoricplaces. why.Itisnosurprisethenthatthegreatplacesoftheworldare definedbytheirbuiltheritage,andthatiswhatpeoplecometosee.It informsanditinspires.IappealtoallmembersoftheHousetoconsiderthebillinthat non-partisanspiritasagenuineeffortwecanallsupporttomakeour ItisthesameinCanada.Wearedebatingthisbillseekingto communitiesbetterplacestolive. protectCanada'sbuiltheritagewhileweareinsideCanada'smost iconicbuilding.Wemorethanmostcanappreciatethemeaningthat Itisimportanttoobservethatthereachofthistaxcreditis theveryspecialsenseofthisplacegivestothetremendoushonour managed.NoteveryoldbuildinginCanadawillbeeligible.Only wehaveinservingintheHouseofCommons. buildingsonthenationalregisterofhistoricsiteswillqualify.These Ourbuiltheritagehere,allaroundus,remindsusofourpast,ouraregenerallythemostimportantofthebuildingsthatreceive foundingFathersofConfederation,theInuitandaboriginalpeoplesheritagedesignationunderprovincialorterritoriallaw. 5 - 8 February10,2017COMMONSDEBATES8809 PrivateMembers'Business ThebillwouldalsogivetheministerthepowertoextendtheOrleanstotheGreatWallofChina,fromtheTajMahalinIndiato credittoallheritagedesignatedpropertiesinaprovinceorterritory,thecastlesofPrague.ThesameistrueinCanada.FromtheGrande butthatisadecisionthatwillbelongtotheminister.ThisprotectionAlléeinQuebecCitytoStephenAvenueinCalgary,fromPeake's wouldensurethatthecosttothepublicpurseofthecreditwouldWharfinCharlottetowntothedistillerydistrictinToronto,weare remainmanageableanditwouldpreventanyabuseaimedattakingdrawntothesebeautiful,story-filledplaces,anditistheirhistoric inappropriateadvantageofthenewtaxcredit.buildingsthatdefinethem.Theybecometheplacespeoplegoto visit,tolearn,toshop,andtodine. Ï(1315) Thebillwouldalsoensurethatthetaxpayers'exposureis Thisdemonstratesthatwevalueandenjoythehistoricbuildings controlledinanotherway.Onlycostsdirectlyrelatedtorestoration andtheenvironmenttheycreate.Itiswherewewanttobe,andof oftheheritagefeatureswouldbeeligible.Aprofessionallicensed course,thebillhasthepotentialtoaidtherestorationofourhistoric architectwouldhavetocertifyboththosecostsandthattheworkis buildings,notjustinourbigcities.Itcanleadtotherescueand doneinaccordancewiththeStandardsandGuidelinesforthe restorationofimportantelementsofCanada'sbuiltheritageinall ConservationofHistoricPlacesinCanada,adocumentpreparedby partsofourcountry,inruralhamletsandsmalltowns,and ParksCanadainanticipationofexactlyaninitiativelikethisbill.The occasionallyevenplacesinourwilderness.Ourhistorycancome structureofhowthecreditworkswouldalsoeliminatetheneedto tolifeeverywhere. createanynewbureaucracytomanagetheprogram,further minimizinganycoststothepublicpurse. InCanada,however,wehavebeenthevictimoftwinarguments Infact,theannualimpactonfederalfinancesofthisprogram thatleadpeopletoundervalueourhistoryandourbuiltheritage. appliedtohistoricpropertiesallacrossCanadawillstillbebutatiny Firstisthetraditionalstudent'slament,thatCanadianhistoryis fractionofthe$3-billioncostoftherestorationoftheParliament boring.Infact,nothingcouldbefartherfromthetruth.Certainly,our buildingscurrentlyunderway. bodycountfallsfarshortofthatoftheoldworld,andwelackthe marketinghypeofthehistoryofourAmericanneighbours,but Thesupportforthebillisstrong.TheNationalTrustforCanada,a Canada'sstoriesaremoreintriguingthanmost,drawinginstrands nationalnon-profitorganizationcommittedtoworkingtosave fromtheEuropeanandtheU.S.experienceasinputintothehistory historicplacesinCanada,hasurgedsupportforthebill. wehavemadeinbuildingthisuniqueandwonderfulcountry,more Inthe30yearsbetween1970and2000,Canadalostmorethan20percentofits neartoperfectthananyother,Iwouldargue. historicbuildingstock,andlossescontinueapace....\[BillC-323\]wouldtransformthe economicfundamentalsforrenewinghistoricplaces,withspin-offeffectsincluding thecreationofmoreskilledjobsandlessenvironmentalimpactandwastethannew Indeed,mostofthosewhohavegrowntoknowandloveour construction. country'shistoryhavetravelledthatpathguidedbyheritage TheRoyalArchitecturalInstituteofCanadasupportsthebill,and buildingsthatwerethegatewaystothestoriesofthepast. notesthat: Policiesthatpromotepreservationandre-useofhistoricpropertieshave Ï(1320) demonstratedhugeeconomicreturnsoninvestmentthroughjobretentionand creation,tourism,andenhancedpropertyvalues. Thinkofthem:thetoweronSignalHilllookingoutoverthe HeritageWinnipegnotesthesimilarityofthebilltotheheritage AtlanticOcean,theplacewheresomanyexplorerscameasthey restorationtaxcreditsouthoftheborder,whichtheycallagreatU.S. openedupthiscontinent;ProvinceHouseinCharlottetown,Prince successstorywitha40-yeartrackrecord.BillC-323presentsan EdwardIsland,thecradleofourConfederation.Wethinkofthe historicopportunity,theynote. CitadelleinQuebecandtheoldwallsofQuebecCitythatstood witnesstothebattleonthePlainsofAbraham,whichchangedour MontrealMosaic,apartnershipofnon-profitcommunity destinyhereintheNorthAmericancontinent;and,ofcourse,in organizations,callsforsupportofthebillbasedonitseconomic, HalifaxPier21,whichwelcomedsomanywhocametobuildthis environmentalandhistoricbenefits. country.ThereistheOldPortofMontreal,whichspoketothe HeritageB.C.saysthisissomethingtheheritagecommunityhas burgeoninggrowthofaCanadianeconomy.ThereisFortGeorgein wantedforalongtime: Niagara-on-the-LakethatborewitnesstothebattlesoftheWarof It'sconsistentwithourgoalstopreserveculturalheritage.Itseekstodothatby 1812,whichdeterminedourdestinyasaseparatepeoplehereonthe creatinganincentivetorehabilitateheritagebuildingsratherthantoreplacethem. NorthAmericancontinent,differentfromourneighbourstothe south. Righthereinthiscity,HeritageOttawasaysitstronglysupports BillC-323. OnecangototherailwaystationinWinnipeg,andothersacross Allacrossthecountry,municipalcouncils,thefolkswhoareon thecountry,tolearnandunderstandthetremendousrolethat thefrontlines,arebalancingprivatepropertyrightsagainstthe railwaysplayedinthebindingtogetherandthebuildingofthis publicinterestinpreservingbuiltheritage,andtheyhavetostruggle country,andthegrowthofoureconomies,bothruralandurban. withthoseverydifficultdecisions.Oneafteranother,those WhenonegoestothePalliserHotelinCalgary,oneseesthe municipalcouncilsarepassingresolutionsendorsingthebill. dynamismofthatcityandthepromiseitheldforthefuture;and,of Whenwethinkoftheplaceswelovetovisitaroundtheworld,course,theoldHotelVancouver,andsomanyotherbuildingsthere, builtheritagefiguresprominently.FromtheFrenchQuarterinNewspeakstothetremendousothersideofCanada'shistory. 5 - 9 8810COMMONSDEBATESFebruary10,2017 PrivateMembers'Business Again,builtformisthecoreofitall.Indeed,builtformtellsus Ï(1325) whoweareandwherewecamefrom,andthatiswhatinspiresthose wholovehistory. Fortunately,thathasbeensavedbyagroupofbenevolentcitizens throughsomethingcalledCanadianHeritageofQuebec.Bycontract, Theotherargumentisthatweareayoungcountryandthuslack itrunsitasabedandbreakfast,butitsexistenceisprecarious.Itis historyandanybuiltheritageworthyofpreservation.Nevermind notonlysomethingthatcouldbenefitfromataxcreditsuchasthis thelistIgave,thatcertainlyisnottrue.Withfourcenturiesofhistory butsomethingthatisworthyofevengreatersupport. comes400yearsofbuiltheritage,andwehavehadnoneofitwiped outinthecarpetbombingofaworldwar,ashashappenedinother Ichosetoproceedwiththisbill,becauseithasthepotentialto places. benefitpropertiesallacrossCanada.Tohelpprotectthatbuilt heritageforourfuturegenerations,tohelpusknowourselvesand Canadaisfilledwithbuiltheritagetreasures,butwekeeplosing ourhistorymuchbetter,IurgeallmembersoftheHousetosupport them.Forexample,Torontohasseenotherlossesrecently,including it. thedemolitionoftheiconicStollerysbuildingfrontageatYongeand Bloor;incidentally,oncethemen'swearbusinessownedbyaformer Mr.DaviddeBurghGraham(LaurentidesLabelle,Lib.): memberofthisHouseforaSpadinariding.ThebeautifulEmpress Mr.Speaker,Iamdefinitelysympathetictothisbill.Ihavereceived HotelatthecornerofYongeandGouldwasalsorecentlylost. alotofcallsfromareasinmyridingaboutit.Myridingisbuiltona hugeamountofheritage.Wehaveseveralhistoricrailwaystations. Thegreatarchitectandauthor,EricArthur,inhis1964book, Thelinewasbuiltinthe1890s,andwespentallof2016celebrating Toronto,NoMeanCity,lamented,Inthemarchofprogress,we thefounderofourregion,AntoineLabelle. haveruthlesslydestroyedalmostallourolderarchitecture...His booksdocumentedbeautifultreasuresofbuildingsthatwerelostto WhenIwasgrowingup,myfatherspentalotoftimewitha thewrecker'sball.Onecanonlywistfullydreamofwhatcharacter bunchofpeoplecreatingheritagecommitteesandsavingthe thatcitywouldexudehadsomeofthosejewelssurvived.Ashesaid, stations.In2008,onelectionnight,thetrainstationinmyhometown surelynocityintheworldwithabackgroundofthreehundred burnedtotheground.Ithinkitisreallyimportantthatwedo yearsdoessolittletomakethatbackgroundknown. preserveourheritage. Whilethegenerationsthatprecededushaveallowedmuchofour storytobelost,withthisbillwehavetheopportunitytobestowa Ihaveacoupleofquickquestionsformycolleague.Thereisno gifttofuturegenerations.Thatisthegiftofseeing,knowing,and uppercostlimitinthisbill.Iamcurioustoknowifmycolleague understandingwheretheycamefrom,therootsoftheircommunities thinksthereshouldorshouldnotbeone. asreflectedinapreservedandrestoredbuiltheritage. IknowthattheUnitedStateshasataxcreditforheritage Aswecelebratethe150thanniversaryofConfederation,Bill buildings.Whatdoesmycolleagueknowaboutthereturnon C-323presentsuswithanopportunitytomakeCanada'shistory,in investmentforthatcostforthegovernment? theformofitsbuiltheritage,anenduringlegacytobenefit Canadiansforyearstocome.Itisafittingyeartoadoptthispolicy, Also,andIdonotmeanthisinapartisanway,whydidthisnot whichisperhapslongoverdue,butwhichwoulddeliverlasting happeninthelast10years? benefitsforgenerationstocome.The150thanniversaryof Confederationisindeedanopportunityforustofocus,bothon Hon.PeterVanLoan:Mr.Speaker,intermsofcontrollingcosts, thatpast,butonhowwecantiethatpasttothefutureforthe andIspoketothatsomewhatinmyspeech,themostimportant generationstocome,howwecanmakethatmeaningofallthat controlisthatthisappliesonlytopropertiesthatareontheCanadian Canadaismeaningfulforever.Preservingourbuiltheritageisabig RegisterofHistoricPlaces,andthatcreatesalimitedframeof partofthat. properties.Propertiescouldbeaddedtothat,butthegovernmentis inapositiontocontrolthat,becauseitisdonethroughParksCanada. Ihaveseveralotherprivatemember'sbills.Iselectedtoproceed Whilewewelcomepropertiesgoingontoit,ifthereisaconcernthat withthisone.IhavetwoothersthatdealtspecificallywithCanada's thereistoomuchfinancialexposure,thatgivestheGovernmentof builtheritage,otherimportanthistoricalbuildingsthatareatsome Canadaanabilitytomanagethatcost. risk.OneisthebirthplaceofJohnDiefenbaker,aplaceinNeustadt, Ontario,whichIthoughtwouldbemostappropriatetohave Inanidealworld,Iwouldhaveextendedthistaxcredittoall purchasedandacquiredandrunasamuseumforthebenefitofall propertiesdesignatedattheprovincialandterritoriallevel,but Canadians.Indeed,formerPrimeMinisterHarpermadethat instead,Igavethatpowertotheminister,somethingthatisinthe commitmentunderthepreviousgovernment.Sadly,thatappears structureofthebill,whichwouldensurethatthosecostscanbekept nottobehappening.Thatbuildingisatriskandmayforeverbelost. undercontrol. AnotherthatIbelieveshouldbeamuseumisthesummerhomeof JohnA.MacdonaldinRivière-du-Loup,aplacethathostedcabinetCertainlyParksCanadahadinthepast,whenthepolicywasbeing meetings.PeopletalkaboutthewinterWhiteHouseinMar-a-prepared,comeupwithprojectionsandsaidthatthecostwasquite Lagorightnow.ThehomeinRivière-du-Loupwasthesummer24small,atinyfractionofwhatwearespendingontherestorationof Sussexbeforethereevenwasa24Sussex.Thatiswherethethesefiveorsixbuildingsaroundusintheparliamentaryprecinct. governmentoperatedforsometimeduringthesummers.Fromthatperspective,itdoesthat. 5 - 10 February10,2017COMMONSDEBATES8811 PrivateMembers'Business WhyitdidnothappeninthepastoverLiberalandConservativeamendtheIncomeTaxActtoestablishataxcreditforexpenses governmentsisagoodquestion.Thisisanopportunityforallofusrelatedtotherehabilitationofahistoricproperty. tosolvewhateverfailuresoccurredduetootherprioritiespeople focusedonthatallowedthesethingstobedelayed.Nowisthetime, Taxchangesshouldideallybemadeaspartofthebudgetary onthe150thanniversaryofConfederation,toputanendtothose process.Thisgivesthegovernmentachancetofullyexamineall delaysandproceedforwardwiththispolicy. options,strikeabalancebetweenpriorities,andmakenewfiscal Ï(1330) commitmentsonlywhentheyareaffordableandthegovernmentcan Mr.WayneStetski(KootenayColumbia,NDP):Mr.Speaker, dosoresponsibly. IwouldliketothankmycolleaguefromYorkSimcoeforthis importantbill.Itiscertainlyimportanttomanyofthemiddle-class BillC-323raisesanumberofissuesthatmustbefullyand ownersinmyridingwhoareinvolvedinheritagebuildings. thoughtfullyconsidered.Ofcourse,costisoneimportantelement, Iwouldaskthememberthis.Doeshethinkthatthe20%taxcredit butitisnottheonlyone. isalsoappropriateforwealthypeople,themillionaireswhohappen toliveinhistorichomes? AccordingtoParksCanada,thereareapproximately13,000 Hon.PeterVanLoan:Mr.Speaker,thetaxcreditwillonlyapply historicsitesintheCanadianRegisterofHistoricPlaces.However, tothoseontheCanadianRegisterofHistoricPlaces.Therefore,it thenumberofdistinctheritagepropertiesisprobablymuchhigher. willnotbejustanyonewhohappenstoownaniceoldhouse.It Indeed,theregisterincludesheritagedistrictsthatcouldinclude wouldhavetobe,obviously,oneofthemostsignificantpropertiesin morethanoneproperty.Forinstance,inOntarioalone,thereare121 thecountry. heritagedistrictsthatcompriseover23,000properties. The20%numberislessthanintheU.S.IntheU.S.itisa25% credit.Thisisabitmoremodest.However,Ialsobelievethatthereis Iwouldalsoliketopointoutanotherchallengewhenitcomesto apublicinterestandapublicbenefitthatcomesfrompreservingour determiningcost.Thebilldoesnotcaptheamountpeoplecanapply builtheritage.Weallbenefitfromit. forfortaxpurposes.Itiscompletelyirresponsible. Itisnotsurprisingthatwhenamunicipalitymovestodesignatea heritageproperty,thereisoftenenormousconflict,andproperty Wealsohavetoconsiderwhetherthiskindoftaxcreditwould ownersresist,becausetheyarebeingtoldthatweareeffectively,asa actuallypromotethepreservationofhistoricpropertyratherthanjust state,expropriatingpartoftheirproperty.Wearetellingthemwhat provideanunexpectedperktotheownersfordoingworkthatthey theycandowithit.Weareforcingthemtokeepitthewayitis.We arealreadyobligedtodo. areforcingthemtoprotectit,buttheyaregoingtohavetobearthe fullcostofthat.Thisisawayofmodestlyoffsettingthatand allowingsomebalance,someincentive,somethingthatmakesita Equalityamonghomeownersisanotherveryimportantissuewe littleeasierforthatpropertyownertobear,somethingthatIbelieve needtodiscuss.Somepeoplewillbeeligibleforthehome willmakeitaloteasierforthosewhoareseekingtopreserve renovationcreditwhiletheirneighbours,whodonotowna heritageacrossthecountrytogetpeopletoacceptthenotionthatitis designatedhistoricproperty,wouldnotbeeligibleeventhough indeedsomethingtheyshouldco-operatewithinthepublicinterest.I costsareincurredinbothcases.Thatwouldbetotallyunfair. thinkthatiswhyweseethatsomanymunicipalcouncilshave agreedandsupportthispolicy.Itwillhelpthemdealwithproblems. Thisbillisalsolikelytoresultinasharpincreaseinapplications IfwelookatthesituationatYongeandRoselawninToronto,the forhistoricdesignation.ThegovernmentwillhavetoassessParks propertyownershadworkedeffectivelywithdevelopers.Theywere Canada'sabilitytomeetthatincreaseddemand.Thatwillresultin tryingtocomeupwithawaytomakeitwork.However,attheend morecosts. oftheday,thenumbersdidnotwork,theproformadidnotworkfor thepropertyowners,sotheydemolishedit. Moreover,aswithanynewtaxcredit,thegovernmentwillhaveto Ibelievewehavetriedtostriketherightbalance.Itisalittlemore evaluatetheadministrativeburdenontheCanadaRevenueAgency. conservativethantheAmericantaxcredit,butnobodyisgettingrich offofthis.Rather,itissomethingthatwilljustprovideameasureof offsetforcoststhatweareaskingprivateownerstobeartodeliverin TheGovernmentofCanadaiscommittedtopromotingequality thepublicinterest. andefficiencyforthemiddleclassandallCanadians,especially \[Translation\] whenitcomestoourtaxsystem.Thatiswhy,inbudget2016,the governmentannouncedthatitwoulddoacomprehensivereviewof Hon.GinettePetitpasTaylor(ParliamentarySecretarytothe taxexpenditures.Thiseffortispartofthegovernment'soverall MinisterofFinance,Lib.):Mr.Speaker,Iwanttothankmy commitmenttoeliminatepoorlytargetedandineffectiveprograms, colleagueforhispresentation. wastefulspending,andineffectiveandobsoletegovernment IamverypleasedtorisetospeaktoBillC-323.Thebillbeforetheinitiatives.Wearestrivingforequalityandefficiencyforthemiddle Housetoday,sponsoredbythememberforYorkSimcoe,seekstoclass. 5 - 11 8812COMMONSDEBATESFebruary10,2017 PrivateMembers'Business Thegovernmentrecognizestheimportanceofpreservingbythetimetheyretire.WealsoknowthatyoungCanadiansin Canada'sheritageintheinterestofthemiddleclassandallparticular,fewofwhomcanexpecttohavejobsthatoffera Canadians.Asamatteroffact,theIncomeTaxActalreadycontainsworkplacepensionplan,finditchallengingtosaveenoughmoney forretirement. incentivestoencourageindividualsandcorporationstomake donationsforthepreservationofhistoricassets.Donationsofsuch assetsordonationsintendedtosupportthecostofpreservingand WeenhancedtheCPPtoimprovelong-termeconomicoutcomes maintainingsuchassetstoregisteredcharitiesareeligiblefora forCanadianfamilies.Althoughitwilltakealittletimetoadjust, charitabledonationtaxcreditforindividualsorataxdeductionfor thesefoundationalchangestoourpensionplanwillprovidebetter corporations.Registeredcharitiesarefullyexemptfrompayingtax supporttoCanadiansinthelongterm. ontheincometheyreceive. Whenweaddprovincialtaxrelieftotheequation,thecharitable AnenhancedCPPistherighttoolattherighttimetoimprovethe donationtaxcreditcomesto,onaverage,46¢foreverydollarover retirementincomesecurityofyoungerworkers.Itisanopportunity $200.Formosttaxpayerswhodonatemorethan$200,thistaxcredit fortoday'shard-workingCanadianstogivetheirchildren,their eliminatesanytaxtobepaidonmostofthedonationsandreduces grandchildren,andfuturegenerationsamoresecureretirement. othertaxesowing. Ï(1335) Initspreviousbudget,thegovernmentmademajorinvestmentsin Ataxcreditisalsoavailableforupto75%ofanindividual'snet education,infrastructure,training,andotherprogramsthatwillhelp incomeandcanbecarriedforwardforfiveyears. tosecureabetterqualityoflifeforthecountry'sindigenouspeoples andbuildastronger,moreunited,andmoreprosperousCanada. Canadiantaxincentivesforcharitabledonationsareamongthe mostgenerousintheworld.Thefederalgovernmentprovides approximately$3billionintaxassistanceannuallytothecharitable Ourgovernmentinvestedinmodernizingandupgradingpublic sector. transit,improvingwastewatersystems,increasingaccessto affordablehousingandprotectinginfrastructurefromtheeffectsof Thegovernmentactedresponsiblybyimplementingameasureto climatechange.Weincreasedfundingforinnovation,co-operation strengthenthemiddleclass.Oneofthefirstmeasureswe andpartnershipstoprotecttheintegrityofourhealthcaresystem. implementedafterbecomingagovernmentwastointroduceatax WeputpeoplefirstandwearegivingCanadiansthehelptheyneed cutforthemiddleclass,andthathasbeenineffectsinceearlylast rightnow,not10yearsdowntheroad. year.Intotal,nearlyninemillionCanadiansarenowbenefitingfrom thistaxcut. Atthesametime,ourgovernmentisinvestingfortheyearsand Thesecondmeasurethatourgovernmenttooktohelpthemiddle thedecadestocome,sothatourchildrenandgrandchildrencan classandthoseworkinghardtojoinitwastointroducethenew inheritaCanadathatismoreprosperousandfullofhope. Canadachildbenefitinbudget2016.Thismeasuregivesmore moneytoCanadianfamiliesinordertohelpthemdealwiththehigh costofraisingchildren. Ï(1340) Nineoutoftenfamiliesarenowreceivingmoremoneythanksto \[English\] thisprogram.ThenewCanadachildbenefitissimplerandmore generousthantheoldchildbenefitsystemitreplaced,anditis completelytax-free.Italsodoesabetterjoboftargetingthepeople Mr.WayneStetski(KootenayColumbia,NDP):Mr.Speaker, whoneeditthemost. IamverypleasedtorisetodaytospeakdirectlytoBillC-323,anact toamendtheIncomeTaxAct(rehabilitationofhistoricproperty). ThankstothenewCanadachildbenefit,about300,000fewer Again,IwouldliketothankmycolleaguefromYorkSimcoefor childrenwillliveinpovertyin2017comparedto2014,whichmeans puttingforwardthisimportantlegislation.Indeed,itisthefirsttime thatCanada'schildpovertyratewilldropbyabout40%.Thisnew legislationlikethishascomebeforetheHouse,althoughthereare benefitisthemostimportantinnovationinsocialpolicyina similarlawsinplaceintheUnitedStates. generation. AstrongerCanadapensionplanwasakeypromisewemadeto Wearegoingtosupportthisatsecondreading.Wewouldliketo strengthenthemiddleclass.Wedeliveredonthatcommitmentby getthistocommitteetohavesomediscussion.Thereasonweare workinginclosecollaborationandcommonpurposewithour goingtosupportitisthatwereallydobelieveinmaintainingour provincialandterritorialpartners. historicbuildingsaspartofourculturalheritage.WhenIwasmayor ofCranbrook,wewerelookingforwaystotrytoincreasethe Asecureanddignifiedretirementiscertainlyatoppriorityfor supportforkeepinghistoricbuildings,andthisiscertainlyoneway hard-workingCanadians.IthasbeenapillarofCanadianprosperity todothat.Thereisanadditionalcostofcourse,ifsomeoneownsa sincethe20thcentury. historicbuilding.Itisuptoaboutanadditional21%incost,so Weknowthatmiddle-classCanadiansareworkingharderthanoffsettingitwitha20%taxrebatefortheimprovementsseems ever,andmanyofthemareworriedaboutnothavingsavedenoughabsolutelyappropriate. 5 - 12 February10,2017COMMONSDEBATES8813 PrivateMembers'Business Iwanttotalkaboutsomeofthesupportthathascomeforwardto Ms.DianneL.Watts(SouthSurreyWhiteRock,CPC):Mr. meonthebill. Speaker,IampleasedtoriseandspeaktoBillC-323,AnActto amendtheIncomeTaxAct(rehabilitationofhistoricproperty). TheRoyalArchitecturalInstituteofCanadahassaiditbelieves: ...thereisanimportantfederalroleforleadershipinheritageconservation. Policiesthatpromotepreservationandre-useofhistoricpropertieshave Thisprivatemember'sbillfrommycolleague,thememberfor demonstratedhugeeconomicreturnsoninvestmentthroughjobretentionand YorkSimcoe,isaverytimelypieceoflegislationthatIbelievewill creation,tourism,andenhancedpropertyvalues. benefitCanadiansfromeverycommunityacrossthiscountry, Policiessuchastaxincentivesnotonlyhelpprotectculturalresourcesandthe particularlyasCanadagearsuptocelebrateits150thbirthdayin historyrepresentedbyheritageplaces,theypromoterespectfulredevelopmentinour communities.Inaddition,conservation,repair,andadaptationfightclimatechange July. byproducinglesscarbonthannewconstruction. IalsoreceivedaletterfromtheNationalTrustofCanada,which Overthepast150years,Canadahasgrownimmensely,both says,ThesignificantimpactofthemeasuresproposedinBillC-323 culturallyandintermsofpopulation.Justthisweek,Statistics wouldbefeltinridingsacrossCanadaItgoesontosay: CanadareleaseddatafromthelatestcensusthatshowedCanada Theywouldtransformtheeconomicfundamentalsforsavinghistoricplaces... continuestobethefastest-growingcountryintheG7. encouragingtherehabilitationofheritagebuildingsofeverysizeandtype.Inthe process,theywouldcreatemoreskilledjobsthannewconstruction,andpromotethe retentionofexistingbuildings,whichserveasimportantcarbonsinks. ThecensusdatareleasedalsodemonstratedthatCanadiansare Itfurthersays: increasinglychoosingtoleaveruralareasandmigratetowardslarge Therearemanyexamplesofthesignificantfinancialandenvironmentalimpact urbancentres.Withthisurbancentregrowthinpopulation,oneof ofheritageconservation. twothingstendstohappen:eitherthereisurbansprawlorolder JobCreationStudiesshowbuildingrehabilitationgeneratesupwardsof21% homesaretorndowninordertobuildnewsubdivisionsthatcan morejobs,includingskilledjobs,thansameinvestmentinnewconstruction; housemorepeople. EconomicStimulusTheCommercialHeritagePropertiesIncentiveFund (CHPIF),aCanada-widepilotprogram(2003-2008),wasdesignedtotestthebenefit ofaheritagetaxcredit.Theresultswereimpressive:Federalcontributionsof$21.5 millionsupporting49projectsleveragedover8timesmoreinprivatesector OnehundredandfiftyyearsagomyhomeprovinceofBritish investment($177.2million);and Columbiahadapopulationofjust36,000people.Today,ithasa SustainabilityandClimateChangeBuildingrenewalandre-usecapitalizeson populationofover4.5million.Aswecontinuetobuildnew materialsandenergyalreadyinvested,reducesconstructionanddemolitionwaste, buildingsandcontinuetopursueinnovativearchitectureto andavoidsenvironmentalimpactsassociatedwithnewdevelopment.Arecentstudy accommodatethisvastincreaseinpopulation,wemustmakesure showsthatittakesfrom10to80yearsforanewgreenbuildingtomakeupforthe thatwearepreservingourhistory.Heritagehomestendtobefound negativeclimatechangeimpactsofitsconstruction.Inotherwords,thegreenest buildingisonethatalreadyexists. incentrallocations,aspeoplesettleanddeveloparoundcommu- nitiesthathaveexistedinthepast. Fromacommunityinmyownriding,thecityofNelsonsays: Thesetaxmeasurescouldtransformtheeconomicfundamentalsforrenewing historicplaces,andencouragebuildingconservationofeverysizeandtype,from Thesepropertiesalsotendtobethefirsttargetsfordemolitionas landmarkcommercialbuildingstomodesthomes. developersandlandlordstendtofinditcheapertodemolishand Councilhaslearnedfirsthandthesignificantfinancialimpactsofheritage rebuild.Itisnotexpedientforthemtorestoreandmaintainheritage conservationinNelson.Furtherstudieshavealsoshownthatbuildingrehabilitation generatesover21%morejobs...thanthesameinvestmentinnewconstruction... properties.However,asweapproachCanada's150thbirthday,itisa capitalizesonmaterialsandenergyalreadyinvested;reducesconstructionand perfectopportunitytoremindCanadianstobebeproudofour demolitionwaste,andavoidsenvironmentalimpact... historyandourheritage.Itisanimportantopportunitytoencourage themtopreservetheworkofCanadianswhocamebeforeus,rather Itwentontosaythat,thesignificantimpactofthisBillwillbe thanteardownandbuildanew. feltinNelson.Indeeditwillbefeltinallofthecommunitiesin KootenayColumbiaandacrossCanada.Iturgesthethesupportfor BillC-323. ThisisexactlywhatthebillfromthememberforYorkSimcoe Ï(1345) aimstodo.BillC-323wouldcreateanewtaxcreditforthe rehabilitationofbuildingsthatareontheCanadianRegisterof Whilewewillbesupportingthebillforalltherightreasons,right HistoricPlaces. throughsecondreading,wedohopetohavesomefurtherdiscussion atcommittee.Weareabitconcernedthatthereisnomeanstestfor thetaxrebate.Themillionaireorbillionaireownerofanhistoric Withthislegislation,Canadiansrestoringheritageproperties buildingin,say,Toronto'sForestHillwouldbeabletoclaima20% wouldbeabletoclaima20%taxcreditonrehabilitationcosts,as taxcredit,despitebeingwellabletoaffordtopayforthework wellasreceiveanacceleratedcapitalcostallowance.Furthermore, withoutafederalsubsidy. thislegislationwouldgivetheMinisterofCanadianHeritagethe Wewillexplorethatalittlefurtheratcommittee.Wedefinitelypowertoapplythiscredittoprovinciallyandterritoriallydesignated supporttheprincipleofthisbill,andwillbesupportingitatsecondhistoricpropertiesthatarenotincludedontheCanadianRegisterof reading.HistoricPlaces. 5 - 13 8814COMMONSDEBATESFebruary10,2017 PrivateMembers'Business Weknowthatthesekindsofinitiativeswork.TheCanada150 Ï(1355) infrastructurefundwassetupundertheConservativegovernment andintendedtoassistcommunitiesinbuildingnewinfrastructureto Ms.FilomenaTassi(HamiltonWestAncasterDundas, helptheirconstituentscelebratethisveryspecialmilestoneofour Lib.):Mr.Speaker,Irisetodayinthischambertooutlinehowthe country. GovernmentofCanadaiscommittedtoafairandefficienttax systemthatbenefitsmiddle-classCanadians. Thislegislationwouldhelpuspreservethehistoryofour communities.Inthemid-2000sCanadaranapilotprojectforthis Thebillbeforeustoday,assponsoredbythememberforYork kindofpolicy,thecommercialheritagepropertiesinvestmentfund. Simcoe,seekstoestablishataxcreditforexpensesrelatedtothe Thispilotprogramgeneratedeightprivatesectordollarsforevery rehabilitationofahistoricproperty.However,taxchangesshould onepublicsectordollarinvestedintherestorationofheritagehomes. ideallybeundertakenthroughthebudgetprocess.Thisistoallow Thisismuchhigherthanthefiveprivatesectordollarsearnedinan thegovernmenttofullyconsiderthetrade-offs,balancethe equivalentprogramconductedbyourneighboursdownsouthinthe priorities,andundertakenewfiscalcommitmentsonlytotheextent U.S. theyareaffordable. Furthermore,thisprogram,onaverage,doubledthemarket propertyvaluesofhistoricproperties,businessrevenue,and ThisiswhythefirstpointIwanttounderlineisthatthe occupancyratesofthehistoricproperties. governmentiscommittedtoensurethatfederaltaxexpendituresare Canadaclearlyhastheappetiteandpotentialtorestoreanduphold fairforCanadians,efficient,aswellasfiscallyresponsible.Thisis ourheritageproperties.WithCanada150onthehorizon,thisisthe thereasonthatinthegovernment'sfirstbudget,growingthemiddle perfectopportunitytoassistCanadiansinpreservingourhistory. class,weannouncedthatwewouldbeundertakingacomprehensive reviewoftaxexpenditures.Thisexerciseispartofabroader Ï(1350) governmentcommitmenttoeliminatepoorlytargetedandinefficient Wealsowanttoencouragethecreationofnewjobs:construction programs,wastefulspending,andineffectiveorobsoleteprograms. jobs,restorationjobs,andnewtradesjobs.Byincludingthe Attheendofthisprocess,Canadawillbeonestepclosertofairness accelerationofthecapitalcostallowancealongsidethetaxcredit,the andefficiencyforitscitizensandtaxpayers. legislationwouldreducethelong-standingconflictbetweenwhat constitutesadeductiblerepairversusacapitalizedcost,aproblem Thebillbeforeustodaycontainsseveralexamplesoftheissues thatoftenslowsdownorcompletelyhindersrehabilitationprojects. thatwouldneedtobeconsideredwhenassessingthefairnessand Finally,thispolicyjustmakesgoodsense.Canadiansalready efficiencyofataxmeasure,andIwilldiscussafewofthem. enjoyahomerenovationtaxcredit,sowhynothavethissametax creditforheritagehomerestorations?Byminimizingcoststo Forexample,akeyconsiderationiswhetherthemeasurewould Canadiansengagedinrestoringheritagehomes,wearealso actuallyencouragethepreservationofhistoricpropertiesorsimply incentivizingCanadianstorestoreandmaintaintheseimportant representawindfalltopropertyownersfordoingwhattheywere piecesofCanadianhistory. alreadyrequiredtodo. Thislegislationalsohasbroadsupportfromstakeholdersright acrossthecountry.NationalTrust,oneofCanada'sleadingheritage Anotherquestioniswhethersuchataxcreditwouldcreateany protectionadvocacygroups,said,Thisisanideathathas newinequitiesbetweenhistoricpropertyownersandotherhome- widespreadsupportfromheritageadvocates,federal,provincial, owners. territorialandmunicipalgovernments,andtheFederationof CanadianMunicipalities. Athirdobviousquestionishowmuchofarevenuecostsuchabill Architectshavecalledthebillawin-winforheritageadvocates wouldentailforthegovernment.Thisquestioniscertainlyrelevant. andforlocaleconomieslookingtocreatejobs. Ascurrentlydrafted,BillC-323containsnoupperlimitonthe amountthatcanbeclaimedfortaxpurposes.Thegovernmentwould Weknowthelong-lastingbenefitsandimpactsthatheritage alsohavetoassesswhetherrequirementsofthebillwouldbe propertiescanhaveinourcommunities.Inmyownriding,wehave practicalfortheCanadaRevenueAgencyandParksCanadato theElginHeritagePark,anentireareathatisdedicatedtothe administer. preservationofCanada'shistory.StewartFarm,locatedinElgin HeritagePark,isonCanada'sregisterofhistoricplaces.Stewart FarmoffersCanadiansandschoolchildrenanopportunitytohavea Theseareonlyafewexamplesoftheconsiderationsthatwould first-handviewofthelifeofpioneersandthehistoryofSurrey's havetobeweighedcarefullyinassessingBillC-323. agriculturalsector.Thispropertycouldbenefitfromthislegislation andhelpchildrenoffuturegenerationstocontinuetolearnand Fromdayone,ourgovernmenthasbeenfocusedonadvancingthe benefitfromitsoperations. economyformiddle-classCanadians.Lastyear,wereplacedthe ThesearethekindsofinitiativesthatweshouldbeundertakingasprevioussystemofchildbenefitswiththeCanadachildbenefit,a weapproachCanada150.Ihopethatmycolleaguesonallsidesofsimpler,tax-free,moregenerous,targetedbenefitthatwouldhelp theHousewilljoinmeinsupportofBillC-323.thosewhoneededitmost. 5 - 14 February10,2017COMMONSDEBATES8815 PrivateMembers'Business TheCCB,builtonourmiddle-classtaxcut,hasreducedtaxesforCanadasupportstheimportantgoalofimprovingcorporate nearlyninemillionCanadians.Thesetwomeasurestogethermeantransparencyglobally.Thegovernmenthasagreedtostrongrulesin thatmoremiddle-classCanadianshavemoremoneyintheirpockets,boththeFinancialActionTaskForceandtheglobalforumon transparencyandexchangeofinformationfortaxpurposesin andtheycanuseitastheyseefit. supportofcorporatetransparency.AmendmentstotheProceedsof Astrengthenedmiddleclassmeansthathard-workingCanadians Crime(MoneyLaundering)andTerroristFinancingRegulations canlookforwardtoagoodstandardoflivingandbetterprospectsfor enhanceCanada'srequirementsforfinancialinstitutionsregarding theirchildren.Whenthemiddleclassthrives,weallthrive.Wehave thecollectionofinformationonbeneficialownersofcorporations. committedhistoriclevelsofinvestmentsininfrastructure,whichwill expandopportunitiesanddeliverstronger,moreinclusivegrowth. Inclosing,Iwouldliketoassurehon.membersofour Canadiansvaluefairness.Thatiswhy,inbudget2016,wealso government'scommitmenttohelpingthemiddleclassandthose tookactiontoimprovetheintegrityofCanada'staxsystemtoprotect whoareworkinghardtojoinit. thecountry'srevenuebaseandtogiveCanadiansgreaterconfidence thatthesystemwouldbefairtoeveryone. Ï(1405) Ï(1400) Ms.SheilaMalcolmson(NanaimoLadysmith,NDP):Mr. Hereiswhatwearedoing.InApril2016,therevenueminister Speaker,IamhonouredtostandintheHouseonbehalfofmy announcedaseriesofactionsthattheCanadaRevenueAgencywill constituentsofNanaimoLadysmithtospeaktothebenefitsof taketocrackdownontaxevasionandcombattaxavoidance,thanks heritageconservation,energyconservation,andjobcreation. tothe$444.4millioncommitmentinbudget2016.Thesefundsare enablingtheCRAtohireadditionalauditors,developrobust NewDemocratshavelongsupportedCanadianheritageandwe businessintelligenceinfrastructure,increaseverificationactivities, supportthegoalofthisprivatemember'sbillofpreservinghistoric andimprovethequalityofitsinvestigativework.Theseadditional stock.NewDemocratssupportmaintaininghistoricbuildingsaspart employeeswillincreasethenumberofCRAauditsfocusedonhigh- ofourculturalheritageandduetothecostofrepairingthesehistoric risktaxpayersby400%. buildings,wesupportgovernmentinvolvementtohelpdefraythe costs. Furthermore,thegovernmentisstreamliningitseffortsby embeddinglegalcounselwithininvestigationteams,sothatcases canbequicklybroughttocourt.Twonewmechanismsarebeing Thislegislationwouldhelptoclearthepathforthecreationof formed:aspecialprogramdedicatedtostoppingtheorganizations goodgreenjobs;jobsthatarestable,safe,andfamily-supporting; thatcreateandpromotetaxschemesforthewealthy,andan jobsthatdonotendangertheclimateortheenvironment;andjobs independentadvisorycommitteeonoffshoretaxevasionand thathelpusinthegradualtransitionawayfromrelianceonfossil aggressivetaxavoidancethatwillprovidestrategicadvicetothe fuels. CRAonapproachesforcombattingoffshoretaxevasionandtax avoidance. IthanktheCityofNanaimo,whichIamhonouredtorepresent, Canadahasalsobeenaveryactiveparticipantininternational foritsverydetailedlettersupportingthebenefitsofBillC-323,an effortstoaddresstaxevasion.Weareanactivememberoftheglobal acttoamendtheIncomeTaxActfortherehabilitationofhistoric forumontransparencyandexchangeofinformationfortax property. purposes,whichwasestablishedtoensurethathighstandardsof transparencyandexchangeofinformationfortaxpurposesarein ChrisSholberg,whoisaplannerwithcommunityandcultural placearoundtheworld.Canadahasalsodevelopedanextensive planningintheCityofNanaimo,wrotetometosaythatthebillis networkofbilateraltaxtreatiesandtaxinformationexchange inspiredbythesuccessfulUSFederalHistoricTaxCreditProgram, agreements,whichprovideforexchangeofinformation. theoutcomeofwhichhasleveragedover$78billioninprivate investmentsince1976,resultinginthepreservationofover41,000 Asconfirmedinbudget2016,legislationwasrecentlyadoptedto historicproperties,andinthecreationofhundredsofthousandsof implementthecommonreportingstandardfortheexchangebetween housingunits,manyforlow/moderateincomefamilies. taxadministrationsofinformationonfinancialaccountsheldby non-residents.Canadajoinsmorethan100otherjurisdictionsthat havesimilarlycommittedtoimplementthenewstandard. Hewrote,InCanada,BillC-323hasthepotentialofachieving thesamesuccess,widelyaffectingpropertyownersanddevelopers, Canadahasalsobeenactivelyengagedinasecondmultilateral theconstructionindustry,andpositivelyimpactingtheeconomy,job initiativeaimedataddressingbaseerosionandprofitshifting,or creationandenvironmentalissues. BEPS.Thisreferstocertaintaxplanningarrangementsundertaken bymultinationals,which,thoughoftenlegal,exploittheinteraction betweendomesticandinternationaltaxrulestominimizetaxes.Theletterwentontosaythatthetaxmeasurescontainedinthis CanadahasalreadyimplementedanumberoftheBEPSprojectbillwouldtransformtheeconomicfundamentalsforrenewing recommendations.Goingforward,thegovernmentwillcontinuetohistoricplaces,andwillencouragebuildingconservationofevery workwiththeinternationalcommunitytoensureacoherentandsizeandtype,fromlandmarkcommercialbuildingstomodest consistentresponsetoBEPS.homes. 5 - 15 8816COMMONSDEBATESFebruary10,2017 PrivateMembers'Business TheCityofNanaimoprovidedexamplesofbuildingswithintheIwillnotethatIalsohavealetterthatIjustreceivedthismorning citythatwouldbenefitfromsuchanincentive,includingtheGreatfromLaurieGourlay,writingonbehalfofSalishSeaTrustwho NationalLandBuilding,17ChurchStreet;theOccidentalHotel,432encouragesustospecificallyaddressrehabilitationofhistoric FitzwilliamStreet,alsoknownastheOxy;NanaimoFirehallbuildings,withallofthecultural,economicandsocialbenefitsthat Number2onNicolStreet;theNanaimoHospital,nowMalaspinathatprovides,andinvitingourattentiontotheparallelbenefits Lodge,onMachlearyStreet;andFernville,alsoknownasTheLandaffordedwhensimilarconsiderationsandsupportareprovidedto Residence,onIrwinStreet.culturalandnaturalrehabilitationmeasures. Ï(1410) Ithankthecityforitsstrongadvocacyanditsencouragementfor thisfederalpartnershipthatcouldhelpjobsandthepreservationof Wethankthememberforbringingthebillforward.Welook historicbuildingsatthelocallevel. forwardtospeakingfurther,whenwehavethesecondhourofdebate onthebill,aboutsomeofthespecificbenefitswithrespecttojobs, Ialsoreceivedaletterencouragingsupportforthebillfrom theenvironment,andconservationinourowncommunities.Also, ChelseaChallisinNanaimo.Shewrote,Asamemberofthe NewDemocratswillraisesomeconcernsatcommitteeabout developmentandconstructionindustryinNanaimo,Iregularly ensuringthatthisbenefitisparticularlytargetedtowardlower-and witnesshistoricpropertiesbeingdemolishedbecausethecostto middle-incomeearners,whoareparticularlyeconomicallycrunched restoreandmaintainthemismoreexpensivethantearingthemdown whenitcomestofindingthebudgetfordoingthekindsof andreplacingthemwithnewbuildings. conservationandheritagerenovationsthebillsupports. Theletterwenton: TheDeputySpeaker:Thetimefortheconsiderationofprivate Theunfortunateconsequenceofthismethodisthatthecityimmediatelylosesa members'businesshasnowexpired,andtheorderisdroppedtothe pieceofitshistorythatcanneverbereplaced.Furthermore,withcurrentbuilding bottomoftheorderofprecedenceontheOrderPaper. codes,regulations,andthehighcostofconstructionmaterials,newstructurescannot bebuiltwiththesamecharmandcraftsmanshipasmanyhistoricbuildingswere Beforeweadjourn,memberswillrecallthatearlierthisweek,we originallyconstructedwith.Thecurrentsystemdoesnotencouragearchitectural recognizedourpagesupervisor,LynnLegault.Asweadjourntoday, preservationbut,rather,encouragesdemolitionandreplacement.BillC-323willgive ownersanddevelopersanincentivetosaveandrestoretheirhistoricproperties, thiswillmarkthelastmomentshehasbeenabletoservehereinthe whichwillnotonlybenefitthem,butwillalsobenefittheentirecommunity. House,after32yearsofservingthisplace. Ms.Challiswrote,Studiesshowbuildingrehabilitationgenerates Lynn,wejustwanttoexpressourgratitudeagainforallofyour upwardof21%morejobs,includingskilledjobs,thanthesame servicetothisplaceandtoParliament.Thankyouverymuch. investmentinnewconstruction. Somehon.members:Hear,hear! SheaddstothelistthattheCityofNanaimoprovidedTheJean TheDeputySpeaker:Itbeing2:13p.m.,theHousestands BurnsBuildingrecentlydestroyedmostlybyfireindowntown adjourneduntilnextMonday,at11a.m.pursuanttoStandingOrder NanaimoandalsoTheFirstNanaimoScoutHut. 24(1). Iamgratefultomembersofmycommunitywhohaveprovided lettersofsupport.(TheHouseadjournedat2:13p.m.) 5 - 16