Secretary of State (International Financial Institutions) John McCallum today tabled a detailed Notice of Ways and Means Motion in the House of Commons to provide for the implementation of certain provisions of the budget tabled in the House on Dec. 10, 2001.

Besides steps intended to improve security at Canadian airports, the motion also includes a measure to permanently implement a 1997 budget action that provides special tax assistance for donations of publicly listed securities to public charities. According to the government, this move will support the important work done by charitable organizations.

Another measure will make it easier for non-residents who invest through partnerships to retain Canadian investment managers and advisors.

The budget measure relating to qualified limited partnerships will be implemented through amendments to the Income Tax Regulations rather than amendments to the Income Tax Act. Draft regulations to implement this measure, will also be included in the explanatory notes.

The Notice of Ways and Means Motion is available free of charge on the Department of Finance Internet site.