Contents
- Whereas, when the Government of Canada tables a budget in…
- Short Title
- Part 1 Amendments Related to Income Tax
- Part 2 Amendments in Respect of Excise Duty on Tobacco Products and Alcohol
- Part 3 Amendments in Respect of the Goods and Services Tax and Harmonized Sales Tax (GST/HST)
- Part 4 Canada Millennium Scholarship Foundation
- Part 5 Federal Financial Assistance for Students
- Part 6 Immigration and Refugee Protection Act
- Part 7 Employment Insurance
- Part 8 Payments to Provinces and Territories
- Part 9 Payments to Certain Entities
- Part 10 Various Amendments
Whereas, when the Government of Canada tables a budget in Parliament, a fiscal plan is an integral part of that budget;Whereas the Government of Canada is committed to meeting the challenge of global economic uncertainty with a responsible, prudent and effective fiscal plan as reflected in the Budget Plan tabled in Parliament on February 26, 2008;Whereas it is imperative to preserve the fiscal integrity of that Budget Plan and the integrity of the budget process, and important not to risk the Government of Canada going into deficit;And whereas it is expedient to implement certain provisions of that Budget Plan;Now, therefore, Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
Short Title
1Short title#
This Act may be cited as the Budget Implementation Act, 2008.
Part 1 · Amendments Related to Income Tax
Income Tax Act
Canada Pension Plan
Employment Insurance Act
Coordinating Amendments
Conditional Amendments
Part 2 · Amendments in Respect of Excise Duty on Tobacco Products and Alcohol
Excise Act
Excise Act, 2001
Amendments to the Act
Application
Related Amendments
Customs Tariff
Part 3 · Amendments in Respect of the Goods and Services Tax and Harmonized Sales Tax (GST/HST)
Excise Tax Act
Part 4 · Canada Millennium Scholarship Foundation
Dissolution of the Foundation
94Liquidation#
(1)Within six months after the day on which this subsection comes into force, or any longer time that the Governor in Council determines on the recommendation of the Minister of Human Resources and Skills Development, the Canada Millennium Scholarship Foundation, established by section 3 of the Budget Implementation Act, 1998 and referred to in this Part as “the Foundation”, shall sell or otherwise dispose of all of its property other than property referred to in subsection (3) and discharge all of its liabilities, on terms and conditions that are approved by the Governor in Council.
(2)Despite subsection (1), money that was donated to the Foundation under section 21 of the Budget Implementation Act, 1998 — including any income arising from the investment of the money — and that was not used for carrying out the objects and purposes of the Foundation shall be paid to the donor.
(3)Within the period referred to in subsection (1), the Foundation shall transfer to the Department of Human Resources and Skills Development the following things, including any electronic versions of them:
(a)the books of account and other records referred to in section 35 of the Budget Implementation Act, 1998, as well as any information that the Foundation collected in order to produce them;
(b)all other information that the Foundation has under its control concerning persons who have received scholarships or any other financial assistance from it;
(c)any studies that the Foundation has under its control, and any other information that it has collected through research; and
(d)any database containing information related to any of those books of account and other records, that other information and those studies, as well as any information necessary in order to use the database.
(4)After satisfying the obligations set out in subsections (1) to (3), the Foundation shall deposit all of its remaining money in the Consolidated Revenue Fund to the credit of the Receiver General.
(5)The Foundation is dissolved.
Amendments to the Budget Implementation Act, 1998
Consequential Amendments
Access to Information Act
Privacy Act
Coming Into Force
100January 5, 2010, or earlier#
*(1)Subsections 94(1) to (4) and section 96 come into force on January 5, 2010, or on an earlier day that is fixed by order of the Governor in Council.
*(2)Subsection 94(5) and sections 95 and 97 to 99 come into force on a day to be fixed by order of the Governor in Council.
Part 5 · Federal Financial Assistance for Students
Amendments to the Canada Student Financial Assistance Act
Amendments to the Canada Student Loans Act
Coming into Force
Part 6 · Immigration and Refugee Protection Act
Amendments to the Act
Transitional Provision
Part 7 · Employment Insurance
Canada Employment Insurance Financing Board Act
121Enactment of Act#
The Canada Employment Insurance Financing Board Act is enacted as follows:
Transitional Provisions
Amendments to the Employment Insurance Act
Consequential Amendments
Department of Human Resources and Skills Development Act
Financial Administration Act
Coming into Force
*135Order in council#
The provisions of this Part or those of the Canada Employment Insurance Financing Board Act, as enacted by section 121, come into force on a day or days to be fixed by order of the Governor in Council.
Part 8 · Payments to Provinces and Territories
Police Officers Recruitment Fund
136Maximum payment of $400,000,000#
(1)The Minister of Finance may make direct payments, in an aggregate amount not exceeding four hundred million dollars, to a trust established to provide provinces and territories with funding to support the recruitment of 2,500 new front-line police officers over the next five years.
(2)The amount that may be provided to a province or territory under this section is to be determined in accordance with the terms of the trust indenture establishing the trust.
(3)Any amount payable under this section may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Finance, at the times and in the manner that the Minister of Finance considers appropriate.
Public Transit Capital Trust 2008
137Maximum payment of $500,000,000#
(1)The Minister of Finance may make direct payments, in an aggregate amount not exceeding five hundred million dollars, to a trust established to support capital investment in public transit infrastructure in the provinces and territories.
(2)The beneficiaries of the trust and the amount that may be provided to each beneficiary under this section are to be determined in accordance with the terms of the trust indenture establishing the trust.
(3)Any amount payable under this section may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Finance, at the times and in the manner that the Minister of Finance considers appropriate.
Payment to Saskatchewan for Carbon Capture and Storage
138Maximum payment of $240,000,000#
(1)The Minister of Finance may make direct payments, in an aggregate amount not exceeding two hundred and forty million dollars, to a trust established to provide Saskatchewan with funding to support a full scale commercial demonstration of carbon capture and storage in the coal-fired electricity sector.
(2)The amount that may be provided to Saskatchewan under this section is to be determined in accordance with the terms of the trust indenture establishing the trust.
(3)Any amount payable under this section may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Finance, at the times and in the manner that the Minister of Finance considers appropriate.
Payment to Nova Scotia for Carbon Storage
Canada Social Transfer Transition Protection Payment to Saskatchewan
Canada Social Transfer Transition Protection Payment to Nunavut
Part 9 · Payments to Certain Entities
Genome Canada
Mental Health Commission of Canada
143Maximum payment of $110,000,000#
(1)There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Health, a sum not exceeding one hundred and ten million dollars to the Mental Health Commission of Canada for its use.
(2)The Minister of Health may, before or after this section comes into force, enter into an agreement with the Mental Health Commission of Canada respecting the terms and conditions applicable to the making of the payment and its use.
The Gairdner Foundation
144Maximum payment of $20,000,000#
(1)There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Health, a sum not exceeding twenty million dollars to The Gairdner Foundation for its use.
(2)The Minister of Health may, before or after this section comes into force, enter into an agreement with The Gairdner Foundation respecting the terms and conditions applicable to the making of the payment and its use.
University of Calgary
145Maximum payment of $5,000,000#
(1)There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Natural Resources, a sum not exceeding five million dollars to the University of Calgary for the purpose of examining regulatory, economic and technological barriers in order to accelerate the deployment of carbon capture and storage technologies.
(2)The Minister of Natural Resources may, before or after this section comes into force, enter into an agreement with the University of Calgary respecting the terms and conditions applicable to the making of the payment and its use.
Part 10 · Various Amendments
Bank of Canada Act
Budget Implementation Act, 2006
Canadian Forces Superannuation Act
Cooperative Credit Associations Act
Donkin Coal Block Development Opportunity Act
Financial Administration Act
Insurance Companies Act
Interest Act
Old Age Security Act
Public Service Superannuation act
Royal Canadian Mounted Police Superannuation Act
Trust and Loan Companies Act
Coming into Force
*164Order in council#
(1)Subject to subsection (2), the provisions of this Part, other than sections 148, 149, 151 to 155, 157 to 159, 161 and 163, come into force on a day or days to be fixed by order of the Governor in Council.
(2)Section 156 comes into force or is deemed to have come into force on July 1, 2008.
Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.