Bill C-341 An Act to amend the Income Tax Act (tax credit — new graduates working in designated regions)

Essentially, the purpose of the bill is to encourage young people to settle in designated regions—resource regions—primarily to curb the labour shortage in certain regions and to bring young people back to their regions. The bill would give a tax credit to new graduates who return to their region or who settle in a region. This tax credit would equal 40% of their salary for the first year, up to a maximum of $8,000.

Seconded by Elizabeth May on February 1, 2012

Click here for the complete document.