“Peter’s progressive bill represents a true partnership role for government in protecting Canada’s Heritage.” – Michael McClelland
Late last week the Conservative critic for Canadian Heritage and National Historic Sites, Peter Van Loan introduced a Private Member’s Bill enabling owners of recognized historic properties to apply for a 20% tax credit towards their restoration.
Bill C-323 would seek to restrain the destruction and encourage the rehabilitation of properties that appear on the National Register of Historic Places. Eligibility for the tax credit is based on the Parks Canada standards for the conservation of historic places, requiring the use of a certified architect. In addition to this tax benefit, an accelerated process for the write-off of heritage restoration spending has been proposed.
ERA’s Michael McClelland has been promoting incentives for almost 20 years.
The public recognizes the value in preserving national heritage properties, yet the cost of preserving such infrastructure is often prohibitive when compared to alternatives such as demolition. This bill will ensure that the majority of remaining heritage properties are available for future generations of Canadians to engage with and enjoy.