Bill C-214 explained in plain English
An Act to amend the Income Tax Act (qualifying environmental trust)
Federal Parliament bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Parliament of Canada snapshot for 43rd Parliament, 1st Session. MP vote breakdowns appear when the House of Commons publishes a recorded division export for that bill. Senate and House stage details include official debate/sitting links when LEGISinfo publishes them.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
Bill C-214 amends the Income Tax Act to allow trusts that fund the reclamation of oil and gas wells to be classified as qualifying environmental trusts for tax purposes.
Bill C-214 changes the Income Tax Act to expand the definition of "qualifying environmental trust." Currently, the Act allows certain trusts to be treated specially for tax purposes if they are set up to pay for environmental reclamation work. This bill adds oil and gas well reclamation to the list of activities that qualify. Specifically, it: - Removes a rule that excluded certain trusts from qualifying - Adds oil and gas wells (used to produce petroleum or natural gas) to the types of sites where reclamation trusts can be used - Makes these changes apply starting in the 2020 tax year and beyond This means companies that set aside money in trusts to pay for cleaning up oil and gas wells after they stop operating can now get the same tax treatment as trusts set up for other environmental reclamation projects.
- Repeals paragraph (a) of the definition 'excluded trust' in subsection 211.6(1) of the Income Tax Act
- Amends the definition of 'qualifying site' in subsection 211.6(1) of the Income Tax Act to add 'the operation of an oil or gas well drilled for the purpose of producing petroleum or natural gas' as a new category (paragraph e)
- Applies these amendments to the 2020 taxation year and all subsequent taxation years
- Companies and individuals who operate oil and gas wells
- Operators and owners of oil and gas production facilities
- Trusts established to fund reclamation of oil and gas wells
- Taxpayers subject to the Income Tax Act
- Trusts funding oil and gas well reclamation can now qualify as 'qualifying environmental trusts' under the Income Tax Act
- Qualifying trusts receive special tax treatment under section 211.6 of the Income Tax Act
- The amendments apply to the 2020 taxation year and all subsequent taxation years
- Trusts established to fund reclamation of oil and gas wells may become eligible for tax benefits available to qualifying environmental trusts
- The specific tax benefits are determined by the Income Tax Act provisions governing qualifying environmental trusts under section 211.6
- The bill text does not specify what paragraph (a) of the 'excluded trust' definition previously stated, so the full scope of the repeal is not clear from this document alone
- The bill text does not detail the specific tax benefits or treatment that qualifying environmental trusts receive under section 211.6
- It is not specified whether this amendment applies retroactively to trusts established before 2020
- The bill text does not clarify whether other environmental reclamation activities remain eligible or what the complete list of qualifying sites includes
Removes a restriction that prevented certain trusts from being classified as qualifying environmental trusts
Source: Section 1(1)
Adds oil and gas wells (operated for petroleum or natural gas production) to the list of sites where reclamation trusts qualify for special tax treatment
Source: Section 1(2)
Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.
Official textParliamentary Process
We don't have a plain-language summary for First reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Second reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Third reading yet. The official source linked below is the full record.
We don't have a plain-language summary for First reading yet. The official source linked below is the full record.
The House of Commons held its first reading of Bill C-214, an act to amend the Income Tax Act, on February 24, 2020, alongside other parliamentary business and debates.
This document is a record of the House of Commons proceedings on February 24, 2020. It details the first reading of Bill C-214, which proposes to amend the Income Tax Act concerning qualifying environmental trusts. The record includes discussions and debates from various Members of Parliament regarding the bill, as well as other government business such as statements by members, oral questions, and routine proceedings concerning other bills.
We don't have a plain-language summary for Second reading yet. The official source linked below is the full record.
We don't have a plain-language summary for Consideration in committee yet. The official source linked below is the full record.
We don't have a plain-language summary for Report stage yet. The official source linked below is the full record.
We don't have a plain-language summary for Third reading yet. The official source linked below is the full record.
Debate and sitting links point to official parliamentary sources when LEGISinfo publishes them. Any plain-language discussion summaries should be generated from those official texts and reviewed before public display.
Vote Summary
This bill is still active. We only show vote counts after the legislature publishes a recorded division.
No published representative vote breakdown
This bill is still moving through the process. When a recorded division is published, representative positions can be listed here.
Official sources
Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.
How this data is sourced