C-410 – An Act to amend the Income Tax Act (campgrounds) – changes how campgrounds are taxed, resulting in less taxes on them.
Currently, unless they employ at least 5 full-time workers for the full year, a campground is considered a “specified investment business”. A specified investment business is a business that makes money by owning property, such as companies that rent apartments. Any income from owning property is taxed like investment income, and these businesses aren’t eligible for the Small Business Deduction.
This Act makes it so campgrounds no longer count as specified investment businesses.
Progress of C-410
C-410 is currently outside of the Order of Precedence.