Bill C-221

Private Members' Business

…ow proceed to the taking of the deferred recorded division on the motion at second reading stage of Bill C-221 under Private Members' Business. Call in the members.

Private Members' Business

The House resumed from February 25 consideration of the motion that Bill C-221, An Act to amend the Income Tax Act (oil and gas wells), be read the second time and referred to a committee.

Private Members' Business

The House resumed from November 16, 2020, consideration of the motion that Bill C-221, An Act to amend the Income Tax Act (oil and gas wells), be read the second time and referred to a committee.

Private Members' Business

Madam Speaker, I am grateful for the debate on my PMB, Bill C-221, the environmental restoration incentive act, which is one part of what must be a multipronged approach to a current and future risk that needs resolution. There is rarely a single perfect public pol…

Private Members' Business

…eed to support measures that help companies avoid bankruptcy and support our environmental targets. Bill C-221 does exactly those things, but deliberately limits the use of public funds by enabling the lion’s share of financing to go specifically for remediation and reclamation by the private sector. The Bloc…

Private Members' Business

Madam Speaker, I am pleased to have the opportunity to speak to Bill C-221, which seeks to amend the Income Tax Act and establish a tax incentive for the closure of oil and gas wells. I want to acknowledge the work of the member for Lakeland, with whom I am fortunate to ser…

Private Members' Business

…, members can look at the legislative costing note provided by the Parliamentary Budget Officer for Bill C-221. It is flow-through shares, and this is the solution for decommissioning costs. Yes, there are a lot of oil sites, as the previous member mentioned. The Orphan Well Association is a repository for a …

Private Members' Business

…ts of environmental damage related to their operations. The provisions of the member for Lakeland's Bill C-221 fail to respect that basic principle. The very principle of granting a tax credit in an attempt to force companies to assume their responsibilities would mean funding an industry that is harmful to t…

Private Members' Business

…important to our country, in particular to give a western prairie perspective on it. The essence of Bill C-221 is to provide a non-refundable tax credit at a rate of about 13%. There are a great deal of concerns, but it is a bill that I cannot support personally, and I will go into a bit of detail in regard t…

Private Members' Business

…o in the previous Parliament brought forward a bill that was exactly the same as this one. That was Bill C-221. I was there on September 21, 2016, when that bill, unfortunately, was defeated in a vote of 156 to 33. It was defeated at the time because most Liberal members of Parliament voted against the bill. …