MP Peter Van Loan Proposes Tax Credits for Heritage Properties
National Trust for Canada is organizing Response
January 9, 2017
Conservative critic for Canadian Heritage and National Historic Sites Peter Van Loan introduced a Private Member’s Bill that would create a 20 per cent tax credit for rehabilitation of recognized historic places.
The Bill is seconded by Peter Kent, the Member of Parliament for Thornhill. Bill C-323 would seek to limit the destruction of Canada’s heritage buildings, and instead encourage the rehabilitation of these culturally significant buildings. The tax credit would be available to properties that appear on the National Register of Historic Places. The Bill would also allow owners to write-off spending on heritage restoration at a faster rate than is currently the case.
A pdf copy of the bill is below.
Type of News Item: outreach
Private Members Bill C 323 (Acrobat PDF file)