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C-464
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ENGLISHSUMMARYSUMMARY1 Short Title1 Short Title2 Income Tax Act 2 Income Tax Act
First Session, Forty-second Parliament,
64-65-66-67-68 Elizabeth II, 2015-2016-2017-2018-2019
HOUSE OF COMMONS OF CANADA
BILL C-464
An Act to amend the Income Tax Act (small brewery, winery or distillery tax credit)
FIRST READING, June 19, 2019
Ms. Brosseau
421606
SUMMARY
This enactment amends the Income Tax Act to provide a tax credit for taxpayers who brew, in Canada, not more than 15 000 hectolitres of beer and malt liquor or produce, in Canada, not more than 15 000 hectolitres of wine or spirits in a taxation year.
Available on the House of Commons website at the following address:
www.ourcommons.ca
1st Session, 42nd Parliament,
64-65-66-67-68 Elizabeth II, 2015-2016-2017-2018-2019
HOUSE OF COMMONS OF CANADA
BILL C-464
An Act to amend the Income Tax Act (small brewery, winery or distillery tax credit)
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
Short Title
Short title
1 This Act may be cited as the Supporting Small Breweries, Wineries and Distilleries Act.
R.S., c. 1 (5th Supp.)
Income Tax Act
2 The Income Tax Act is amended by adding the following after section 127.3:
Small brewery tax credit
127.31 There may be deducted from the tax otherwise payable under this Part for a taxation year by a taxpayer who is a licensed brewer under Part III of the Excise Act and who brewed, in Canada, in that year, not more than 15 000 hectolitres of beer and malt liquor
(a) in the case of a brewer who brewed not more than 5 000 hectolitres of beer and malt liquor, the amount determined by the formula
A × (0.1 × B)
where
A
is the quantity, in hectolitres, of beer and malt liquor brewed in that year, and
B
is the duty of excise set out in section 1 of Part II of the schedule to the Excise Act; or
(b) in the case of a brewer who brewed more than 5 000 hectolitres but not more than 15 000 hectolitres of beer and malt liquor, an amount determined by the formula
0.1 × [1 - (A - 5 000)/10 000] × B × A
where
A
is the quantity, in hectolitres, of beer and malt liquor brewed in that year, and
B
is the duty of excise set out in section 1 of Part II of the schedule to the Excise Act.
Small winery or distillery tax credit
127.32 There may be deducted from the tax otherwise payable under this Part for a taxation year by a taxpayer who is a wine licensee or a spirits licensee, as those terms are defined in the Excise Act, 2001, and who produced, in Canada, in that year, not more than 15 000 hectolitres of wine or spirits
(a) in the case of a licensee who produced not more than 5 000 hectolitres of wine or spirits, the amount determined by the formula
A × (0.1 × B)
where
A
is the quantity, in hectolitres, of wine or spirits produced in that year, and
B
is the rate of duty set out in section 1 or 2 of Schedule 4 or in Schedule 6 to the Excise Act, 2001, as the case may be; or
(b) in the case of a licensee who produced more than 5 000 hectolitres but not more than 15 000 hectolitres of wine or spirits, the amount determined by the formula
0.1 × [1 - (A - 5 000)/10 000] × B × A
where
A
is the quantity, in hectolitres, of wine or spirits produced in that year, and
B
is the rate of duty set out in section 1 or 2 of Schedule 4 or in Schedule 6 to the Excise Act, 2001, as the case may be.
Published under authority of the Speaker of the House of Commons
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