Bill C-353 An Act to amend the Excise Tax Act and the Income Tax Act (extra-energy-efficient products)

Essentially, this bill proposes a system of tax incentives to encourage Canadian families to lower their energy consumption. The bill would provide financial incentives for individual families to lower their carbon footprint by reducing their energy consumption and use. It would create an HST exemption to lower the price of household appliances deemed by regulation to be extra energy efficient. This bill would also create a tax credit to be claimed at the end of the year that would allow families to deduct 10% of the cost of the purchase of low-energy appliances.

Seconded by Elizabeth May on February 1, 2012

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