Cost Estimate for Bill C-394: An Act to amend the Income Tax Act (parenting tax credit)
Published on May 10, 2018
Consistent with PBO’s mandate, this report estimates the net fiscal cost resulting from an implementation of a private member’s bill, Bill C-394 which amends the Income Tax Act to establish a tax credit with respect to maternal and parental benefits, and would "provide a tax credit that would offset any taxes owing on their maternity and parental leave."