Budget 2025 Implementation Act, No. 1

Contents

His Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1Short title#

This Act may be cited as the Budget 2025 Implementation Act, No. 1.

Part 1 · Amendments to the Income Tax Act and Other Legislation

124Payment out of Consolidated Revenue Fund#

Any amount payable by the Minister of National Revenue in relation to the application of subsection 127.491(2) of the Income Tax Act is to be paid out of the Consolidated Revenue Fund.

125Bill C-4#

If Bill C-4, introduced in the 1st session of the 45th Parliament and entitled the Making Life More Affordable for Canadians Act, receives royal assent, then

(a)[Amendments]

(b)[Amendments]

(c)[Amendments]

(d)[Amendments]

(e)[Amendments]

(f)[Amendments]

Part 2 · Digital Services Tax (Repeals and Other Measures)

126Repeal#

(1)The Digital Services Tax Act, section 96 of chapter 15 of the Statutes of Canada, 2024, is repealed.

(2)Subsection (1) is deemed to have come into force on June 20, 2024.

127Repeal#

(1)The Digital Services Tax Regulations, section 97 of chapter 15 of the Statutes of Canada, 2024, are repealed.

(2)Subsection (1) is deemed to have come into force on June 20, 2024.

(1)If a person has, before the day on which this Act receives royal assent, paid an amount to His Majesty in right of Canada and the amount, in the absence of section 126, would have been taken into account by His Majesty in right of Canada as tax, a penalty, interest or other amount under the Digital Services Tax Act, the Minister of National Revenue must refund to the person the amount, together with interest on the amount at the rate determined under paragraph 2(1)(a) of the Interest Rates (Excise Act, 2001) Regulations, for the period beginning on the day on which the amount was received by the Receiver General for Canada and ending on the day on which the refund is paid.

(2)Any refund payable by the Minister of National Revenue under subsection (1) is to be paid out of the Consolidated Revenue Fund.

Consequential Amendments

Access to Information Act

129 #

[Amendments]

Bankruptcy and Insolvency Act

130 #

[Amendments]

Criminal Code

131 #

[Amendments]

Excise Tax Act

132 #

[Amendments]

133 #

[Amendments]

134 #

[Amendments]

135 #

[Amendments]

136 #

[Amendments]

137 #

[Amendments]

Export Development Act

138 #

[Amendments]

Financial Administration Act

139 #

[Amendments]

Tax Court of Canada Act

140 #

[Amendments]

141 #

[Amendments]

142 #

[Amendments]

143 #

[Amendments]

Income Tax Act

144 #

[Amendments]

145 #

[Amendments]

146 #

[Amendments]

Canada Revenue Agency Act

147 #

[Amendments]

Air Travellers Security Charge Act

148 #

[Amendments]

Excise Act, 2001

149 #

[Amendments]

150 #

[Amendments]

Underused Housing Tax Act

151 #

[Amendments]

Select Luxury Items Tax Act

152 #

[Amendments]

153 #

[Amendments]

154 #

[Amendments]

155 #

[Amendments]

156 #

[Amendments]

Global Minimum Tax Act

157 #

[Amendments]

158 #

[Amendments]

Part 3 · Amendments to the Excise Tax Act (GST/HST), the Underused Housing Tax Act, the Select Luxury Items Tax Act and Other Related Texts

Division 1 — GST/HST Measures

Excise Tax Act

159 #

[Amendments]

160 #

[Amendments]

161 #

[Amendments]

162 #

[Amendments]

163 #

[Amendments]

Real Property (GST/HST) Regulations

164 #

[Amendments]

165 #

[Amendments]

166 #

[Amendments]

Division 2 — Underused Housing Tax Measures

Underused Housing Tax Act

Amendments to the Act

167 #

[Amendments]

168 #

[Amendments]

Repeals

169Repeal#

(1)The Underused Housing Tax Act, section 10 of chapter 5 of the Statutes of Canada, 2022, is repealed.

(2)Subsection (1) comes into force on January 1, 2035.

170Repeal#

(1)The Underused Housing Tax Regulations, section 116 of chapter 19 of the Statutes of Canada, 2022, are repealed.

(2)Subsection (1) comes into force on January 1, 2035.

Division 3 — Select Luxury Items Tax Measures

Select Luxury Items Tax Act

171 #

[Amendments]

172 #

[Amendments]

173 #

[Amendments]

174 #

[Amendments]

Select Luxury Items Tax Regulations

Making of Regulations

175 #

[Amendments]

Coming into Force

176September 1, 2022#

(1)Parts 1 and 3 to 5 of the Select Luxury Items Tax Regulations, as made by section 175, are deemed to have come into force on September 1, 2022.

(2)Part 2 of the Select Luxury Items Tax Regulations, as made by section 175, is deemed to have come into force on August 5, 2023.

(3)The Select Luxury Items Tax Regulations, as made by section 175, are deemed

(a)to have been made under section 154 of the Select Luxury Items Tax Act;

(b)for the purposes of subsection 5(1) of the Statutory Instruments Act, to have been transmitted to the Clerk of the Privy Council for registration; and

(c)to have met the publication requirements of subsection 11(1) of the Statutory Instruments Act.

Part 4 · First Nations Goods and Services Tax Act

Amendments to the Act

177 #

[Amendments]

178 #

[Amendments]

179 #

[Amendments]

180 #

[Amendments]

181 #

[Amendments]

182 #

[Amendments]

183 #

[Amendments]

184 #

[Amendments]

185 #

[Amendments]

186 #

[Amendments]

187 #

[Amendments]

188 #

[Amendments]

Consequential Amendments

Excise Tax Act

189 #

[Amendments]

Federal-Provincial Fiscal Arrangements Act

190 #

[Amendments]

Part 5 · Various Measures

Division 1 — High-Speed Rail Network Act

Enactment of Act

191 #

[Amendments]

Amendment to the Act

192 #

[Amendments]

Consequential Amendment to the Access to Information Act

193 #

[Amendments]

Coming into Force

*194Order in council#

Section 192 comes into force on a day to be fixed by order of the Governor in Council.

Division 2 — Canada Post Corporation Act

Amendments to the Act

195 #

[Amendments]

196 #

[Amendments]

197 #

[Amendments]

198 #

[Amendments]

Coming into Force

*199Order in council#

This Division comes into force on a day to be fixed by order of the Governor in Council.

Division 3 — Build Canada Homes

200 #

[Repealed, 2026, c. 18, s. 50] (repealed)

201Consolidated Revenue Fund — Canada Lands Company Limited#

(1)The Minister of Housing may make payments out of the Consolidated Revenue Fund in an aggregate amount not exceeding $1.515 billion, or any other amount that is specified in an appropriation Act or any other Act of Parliament, to

(a)make a contribution of capital to Canada Lands Company Limited or purchase shares in Canada Lands Company Limited on behalf of His Majesty; or

(b)fund the operations and activities of any entity designated by the Governor in Council on the recommendation of the Minister of Housing.

(2)For the purposes of paragraph (1)(a), Canada Lands Company Limited may enter into contracts with His Majesty as though it were not an agent of His Majesty.

Division 4 — Canada Infrastructure Bank Act

202 #

[Amendments]

Division 5 — Red Tape Reduction Act

Amendments to the Act

203 #

[Amendments]

204 #

[Amendments]

205 #

[Amendments]

206 #

[Amendments]

207 #

[Amendments]

208 #

[Amendments]

Coordinating Amendments

2092018, c. 12#

(1)[Amendments]

(2)[Amendments]

(3)[Amendments]

Division 6 — Public Service Superannuation Act (Operational Service)

Amendments to the Act

210 #

[Amendments]

211 #

[Amendments]

212 #

[Amendments]

213 #

[Amendments]

214 #

[Amendments]

215 #

[Amendments]

Coming into Force

*216Order in council#

This Division comes into force on a day to be fixed by order of the Governor in Council.

Division 7 — Public Service Superannuation Act (Workforce Reduction)

Amendments to the Act

217 #

[Amendments]

218 #

[Amendments]

219 #

[Amendments]

220 #

[Amendments]

Related Amendment to the Income Tax Regulations

221 #

[Amendments]

Coming into Force

222January 15, 2026 or royal assent#

(1)Sections 217 to 219 and 221 come into force on the later of the day on which this Act receives royal assent and January 15, 2026.

(2)Section 220 comes into force on the 121st day after the day on which section 217 comes into force.

Division 8 — Farm Credit Canada Act

223 #

[Amendments]

Division 9 — Consumer-Driven Banking

Consumer-Driven Banking Act

224 #

[Amendments]

Related Amendments

Access to Information Act

225 #

[Amendments]

Financial Consumer Agency of Canada Act

226 #

[Amendments]

227 #

[Amendments]

228 #

[Amendments]

229 #

[Amendments]

230 #

[Amendments]

231 #

[Amendments]

232 #

[Amendments]

233 #

[Amendments]

234 #

[Amendments]

235 #

[Amendments]

236 #

[Amendments]

237 #

[Amendments]

238 #

[Amendments]

239 #

[Amendments]

240 #

[Amendments]

241 #

[Amendments]

242 #

[Amendments]

243 #

[Amendments]

Budget Implementation Act, 2024, No. 1

244 #

[Amendments]

245 #

[Amendments]

Repeal

246Repeal#

The Consumer-Driven Banking Act, section 198 of chapter 17 of the Statutes of Canada, 2024, is repealed.

Division 10 — Legislation Related to Financial Institutions (Sunset Provisions)

Trust and Loan Companies Act

247 #

[Amendments]

Bank Act

248 #

[Amendments]

249 #

[Amendments]

Insurance Companies Act

250 #

[Amendments]

251 #

[Amendments]

Division 11 — Legislation Related to Financial Institutions (Modernizing Limits on Borrowing, Loans and Investments)

Trust and Loan Companies Act

252 #

[Amendments]

253 #

[Amendments]

254 #

[Amendments]

255 #

[Amendments]

256 #

[Amendments]

Bank Act

257 #

[Amendments]

258 #

[Amendments]

259 #

[Amendments]

260 #

[Amendments]

261 #

[Amendments]

262 #

[Amendments]

Insurance Companies Act

263 #

[Amendments]

264 #

[Amendments]

265 #

[Amendments]

266 #

[Amendments]

267 #

[Amendments]

268 #

[Amendments]

269 #

[Amendments]

270 #

[Amendments]

271 #

[Amendments]

272 #

[Amendments]

273 #

[Amendments]

274 #

[Amendments]

275 #

[Amendments]

276 #

[Amendments]

277 #

[Amendments]

278 #

[Amendments]

279 #

[Amendments]

280 #

[Amendments]

281 #

[Amendments]

282 #

[Amendments]

283 #

[Amendments]

284 #

[Amendments]

285 #

[Amendments]

Coming into Force

*286Order in council#

The provisions of this Division come into force on a day or days to be fixed by order of the Governor in Council.

Division 12 — Legislation Related to Financial Institutions (Electronic Delivery of Governance Documents)

Bank Act

287 #

[Amendments]

288 #

[Amendments]

289 #

[Amendments]

290 #

[Amendments]

Trust and Loan Companies Act

291 #

[Amendments]

292 #

[Amendments]

Insurance Companies Act

293 #

[Amendments]

294 #

[Amendments]

Division 13 — Legislation Related to Financial Institutions (Equity Threshold Related to Public Holding Requirement)

295 #

[Amendments]

Division 14 — Legislation Related to Financial Institutions (Powers of the Superintendent of Financial Institutions)

Trust and Loan Companies Act

296 #

[Amendments]

297 #

[Amendments]

298 #

[Amendments]

299 #

[Amendments]

300 #

[Amendments]

301 #

[Amendments]

Bank Act

302 #

[Amendments]

303 #

[Amendments]

304 #

[Amendments]

305 #

[Amendments]

306 #

[Amendments]

307 #

[Amendments]

308 #

[Amendments]

309 #

[Amendments]

310 #

[Amendments]

311 #

[Amendments]

312 #

[Amendments]

313 #

[Amendments]

314 #

[Amendments]

315 #

[Amendments]

316 #

[Amendments]

Insurance Companies Act

317 #

[Amendments]

318 #

[Amendments]

319 #

[Amendments]

320 #

[Amendments]

321 #

[Amendments]

322 #

[Amendments]

323 #

[Amendments]

324 #

[Amendments]

325 #

[Amendments]

326 #

[Amendments]

327 #

[Amendments]

Office of the Superintendent of Financial Institutions Act

328 #

[Amendments]

329 #

[Amendments]

330 #

[Amendments]

Division 15 — Bank Act (Funds Deposited by Cheque)

Amendment to the Act

331 #

[Amendments]

Coming into Force

*332Order in council#

This Division comes into force on a day to be fixed by order of the Governor in Council.

Division 16 — Bank Act (Consumer-targeted Fraud)

Amendments to the Act

333 #

[Amendments]

334 #

[Amendments]

335 #

[Amendments]

Coming into Force

*336Order in council#

This Division comes into force on a day to be fixed by order of the Governor in Council.

Division 17 — Supporting Federal Credit Union Growth

Canada Deposit Insurance Corporation Act

337 #

[Amendments]

338 #

[Amendments]

339 #

[Amendments]

340 #

[Amendments]

341 #

[Amendments]

342 #

[Amendments]

Bank Act

343 #

[Amendments]

344 #

[Amendments]

345 #

[Amendments]

346 #

[Amendments]

347 #

[Amendments]

348 #

[Amendments]

349 #

[Amendments]

350 #

[Amendments]

Financial Consumer Agency of Canada Act

351 #

[Amendments]

Coming into Force

*352Order in council#

The provisions of this Division, other than section 337, subsection 339(1) and sections 340, 343, 344, 348, 349 and 351, come into force on a day or days to be fixed by order of the Governor in Council.

Division 18 — Special Economic Measures Act

Amendments to the Act

353 #

[Amendments]

354 #

[Amendments]

355 #

[Amendments]

356 #

[Amendments]

357 #

[Amendments]

Transitional Provision

358Profits realized before coming into force#

A regulation or order may be made under Part 2 of the Special Economic Measures Act with respect to any profits referred to in that Part that are realized before the day on which this section comes into force only if the profits are realized from property that is owned — or held or controlled, directly or indirectly — by Russia, as defined in section 1 of the Special Economic Measures (Russia) Regulations, or by a person who is identified in those Regulations.

Related and Consequential Amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act

359 #

[Amendments]

360 #

[Amendments]

361 #

[Amendments]

362 #

[Amendments]

Division 19 — Basic Pension and Accommodation and Meals Charge

Pension Act

363 #

[Amendments]

364 #

[Amendments]

365 #

[Amendments]

366 #

[Amendments]

367 #

[Amendments]

368 #

[Amendments]

369 #

[Amendments]

370 #

[Amendments]

Royal Canadian Mounted Police Superannuation Act

371 #

[Amendments]

Department of Veterans Affairs Act

372 #

[Amendments]

Veterans Health Care Regulations

373 #

For the period beginning on April 1, 1993 and ending on July 15, 1998, the term “province” in paragraph 20(5)(a), subparagraph 20(6)(b)(i) and paragraphs 23(5)(a) and (6)(a) of the Veterans Health Care Regulations is deemed to have referred only to Ontario, Quebec, Nova Scotia, New Brunswick, Manitoba, British Columbia, Prince Edward Island, Saskatchewan, Alberta or Newfoundland and Labrador.

374 #

[Amendments]

Coming into Force

375January 2, 2026 or royal assent#

(1)Sections 363 to 370 come into force on the later of January 2, 2026 and the day on which this Act receives royal assent.

(2)Section 374 is deemed to have come into force on July 15, 1998.

Division 20 — Earnings Loss Benefit

Veterans Well-being Regulations

376 #

[Amendments]

377 #

[Amendments]

Regulations

378Regulations — earnings loss benefit#

(1)The Governor in Council may make regulations respecting the earnings loss benefit under the Veterans Well-being Act, as it read from time to time before April 1, 2019.

(2)Regulations made under subsection (1) may, if they so provide, have retroactive effect.

Coming into Force

379April 1, 2006#

(1)Subsections 376(1) and 377(1) and (3) are deemed to have come into force on April 1, 2006.

(2)Subsection 376(2) is deemed to have come into force on October 3, 2011.

(3)Subsection 376(3) is deemed to have come into force on April 1, 2015.

(4)Subsections 376(4) and 377(2) and (4) are deemed to have come into force on April 1, 2019.

Division 21 — Royal Canadian Mounted Police Superannuation Act

Amendments to the Act

380 #

[Amendments]

381 #

[Amendments]

Related Provisions

382Definitions#

The following definitions apply in sections 383 and 384.

Act means the Royal Canadian Mounted Police Superannuation Act. (Loi)

coming-into-force day means the day on which this Act receives royal assent. (date d’entrée en vigueur)

383Retroactive authorization — claims#

The Minister of Veterans Affairs is retroactively authorized to deal with and determine all claims for an award that were made under Part II of the Act before the coming-into-force day.

384Retroactive authorization — disclosure#

Any disclosure of information that occurred before the coming-into-force day and that would be authorized under section 32.3 of the Act if it occurred on or after that day is retroactively authorized.

385For greater certainty#

For greater certainty, on the first day on which both this Division and section 112 of the Public Complaints and Review Commission Act are in force, that section 112 operates so as to replace every reference to “Force” with a reference to “RCMP” in the English version of the provisions enacted by this Division.

Division 22 — Canada Development Investment Corporation Act

Enactment of Act

386 #

[Amendments]

Consequential Amendment to the Access to Information Act

387 #

[Amendments]

Coming into Force

*388Order in council#

This Division comes into force on a day to be fixed by order of the Governor in Council.

Division 23 — Personal Information Protection and Electronic Documents Act

Amendments to Act

389 #

[Amendments]

390 #

[Amendments]

391 #

[Amendments]

392 #

[Amendments]

393 #

[Amendments]

394 #

[Amendments]

395 #

[Amendments]

396 #

[Amendments]

397 #

[Amendments]

Coming into Force

*398Order in council#

This Division comes into force on a day to be fixed by order of the Governor in Council.

Division 24 — Broadcasting Act

399 #

[Amendments]

Division 25 — Human Pathogens and Toxins Act

Amendments to the Act

400 #

[Amendments]

401 #

[Amendments]

402 #

[Amendments]

403 #

[Amendments]

404 #

[Amendments]

405 #

[Amendments]

406 #

[Amendments]

407 #

[Amendments]

408 #

[Amendments]

409 #

[Amendments]

410 #

[Amendments]

411 #

[Amendments]

412 #

[Amendments]

413 #

[Amendments]

414 #

[Amendments]

415 #

[Amendments]

416 #

[Amendments]

417 #

[Amendments]

418 #

[Amendments]

419 #

[Amendments]

420 #

[Amendments]

421 #

[Amendments]

422 #

[Amendments]

423 #

[Amendments]

424 #

[Amendments]

425 #

[Amendments]

426 #

[Amendments]

427 #

[Amendments]

428 #

[Amendments]

429 #

[Amendments]

430 #

[Amendments]

431 #

[Amendments]

432 #

[Amendments]

433 #

[Amendments]

434 #

[Amendments]

435 #

[Amendments]

436 #

[Amendments]

437 #

[Amendments]

438 #

[Amendments]

439 #

[Amendments]

440 #

[Amendments]

441 #

[Amendments]

442 #

[Amendments]

443 #

[Amendments]

444 #

[Amendments]

445 #

[Amendments]

Consequential Amendments to the Human Pathogens and Toxins Regulations

446 #

[Amendments]

447 #

[Amendments]

448 #

[Amendments]

449 #

[Amendments]

450 #

[Amendments]

451 #

[Amendments]

452 #

[Amendments]

Transitional Provisions

453Words and expressions#

(1)The words and expressions used in this section and sections 454 and 455 have the same meaning as in the Human Pathogens and Toxins Act.

(2)On the day on which section 406 comes into force, any person who, under paragraph 7(2)(c) or (d) of the Human Pathogens or Toxins Act, conducts controlled activities that are not authorized by their licence, must, within 90 days after that day, either apply to the Minister to vary their licence to authorize those activities or stop conducting those activities.

(3)A person referred to in subsection (2) does not contravene subsection 7(1) of the Human Pathogens or Toxins Act if they comply with subsection (2).

454Licence holder representative#

After the day on which section 423 comes into force, a licence holder that is an organization must, without delay, provide the Minister with the name of its representative.

455Validity period — extension#

The validity period of a licence may be extended for a period of up to 60 days beginning on the day on which this Act receives royal assent if

(a)the validity period of the licence ends within 30 days after the day on which this Act receives royal assent; and

(b)on the day on which this Act receives royal assent, the licence holder, its representative, if any, or the biological safety officer designated for the licence do not meet the requirements referred to in subsection 18(1.1) of the Human Pathogen and Toxins Act.

Coming into Force

456Order in council#

*(1)Subsection 402(3), section 413, subsections 415(3), (8) and (9), sections 421 and 422, subsections 442(4), (6) to (9) and (14) and subsection 450(2) come into force on a day or days to be fixed by order of the Governor in Council.

*(2)Subsection 409(4), sections 414 and 431 and subsection 441(2) come into force on a day to be fixed by order of the Governor in Council.

*(3)Section 433 and subsections 436(3) and 442(12) come into force on a day to be fixed by order of the Governor in Council.

Division 26 — Customs Tariff

Amendments to the Act

457 #

[Amendments]

458 #

[Amendments]

Coming into Force

*459Order in council#

This Division comes into force on a day to be fixed by order of the Governor in Council.

Division 27 — Export and Import Permits Act

Amendments to the Act

460 #

[Amendments]

461 #

[Amendments]

Coming into Force

*462Order in council#

This Division comes into force on a day to be fixed by order of the Governor in Council.

Division 28 — Aeronautics Act

Amendments to the Act

463 #

[Amendments]

464 #

[Amendments]

465 #

[Amendments]

466 #

[Amendments]

467 #

[Amendments]

468 #

[Amendments]

469 #

[Amendments]

470 #

[Amendments]

471 #

[Amendments]

472 #

[Amendments]

473 #

[Amendments]

474 #

[Amendments]

475 #

[Amendments]

476 #

[Amendments]

477 #

[Amendments]

478 #

[Amendments]

479 #

[Amendments]

480 #

[Amendments]

481 #

[Amendments]

482 #

[Amendments]

483 #

[Amendments]

484 #

[Amendments]

485 #

[Amendments]

486 #

[Amendments]

487 #

[Amendments]

488 #

[Amendments]

489 #

[Amendments]

490 #

[Amendments]

491 #

[Amendments]

492 #

[Amendments]

493 #

[Amendments]

494 #

[Amendments]

Transitional Provisions

495Aviation security regulations#

Regulations described in paragraph 4.71(2)(k.4) of the Aeronautics Act may be made under subsection 4.71(1) of that Act in relation to a system, process, procedure, program, plan or document that a person established, developed or otherwise has in accordance with a regulation that was made under that subsection before the day on which this section comes into force.

496Aviation safety regulations#

Regulations described in paragraph 4.901(e) of the Aeronautics Act may be made under section 4.9 of that Act in relation to a system, process, procedure, program, plan or document that a person established, developed or otherwise has in accordance with a regulation that was made under that section before the day on which this section comes into force.

Consequential Amendment to the Access to Information Act

497 #

[Amendments]

Related Amendment to the Budget Implementation Act, 2019, No. 1

498 #

[Amendments]

Division 29 — Canada Transportation Act

499 #

[Amendments]

Division 30 — Judges Act

500 #

[Amendments]

501 #

[Amendments]

Division 31 — Administrative Tribunals Support Service of Canada Act

502 #

[Amendments]

503 #

[Amendments]

504 #

[Amendments]

505 #

[Amendments]

506 #

[Amendments]

507 #

[Amendments]

Division 32 — Environmental Protection Tribunal of Canada

Canadian Environmental Protection Act, 1999

508 #

[Amendments]

509 #

[Amendments]

510 #

[Amendments]

511 #

[Amendments]

512 #

[Amendments]

513 #

[Amendments]

514 #

[Amendments]

515 #

[Amendments]

516 #

[Amendments]

517 #

[Amendments]

518 #

[Amendments]

519 #

[Amendments]

520 #

[Amendments]

521 #

[Amendments]

Administrative Tribunals Support Service of Canada Act

522 #

[Amendments]

Consequential Amendments

International River Improvements Act

523 #

[Amendments]

524 #

[Amendments]

525 #

[Amendments]

Public Service Superannuation Act

526 #

[Amendments]

Canada Wildlife Act

527 #

[Amendments]

528 #

[Amendments]

529 #

[Amendments]

Migratory Birds Convention Act, 1994

530 #

[Amendments]

531 #

[Amendments]

532 #

[Amendments]

Antarctic Environmental Protection Act

533 #

[Amendments]

534 #

[Amendments]

535 #

[Amendments]

Environmental Violations Administrative Monetary Penalties Act

536 #

[Amendments]

537 #

[Amendments]

538 #

[Amendments]

539 #

[Amendments]

540 #

[Amendments]

541 #

[Amendments]

542 #

[Amendments]

543 #

[Amendments]

Greenhouse Gas Pollution Pricing Act

544 #

[Amendments]

545 #

[Amendments]

546 #

[Amendments]

547 #

[Amendments]

Terminology Changes

548 #

[Amendments]

Transitional Provisions

549Definitions#

The following definitions apply in this section and sections 550 to 552.

Chief Administrator has the same meaning as in section 2 of the Administrative Tribunals Support Service of Canada Act. (administrateur en chef)

Chief Review Officer means the review officer appointed as Chief Review Officer under subsection 244(1) of the Canadian Environmental Protection Act, 1999, as it read immediately before the day on which this Division comes into force. (réviseur-chef)

review officer means a person appointed as a review officer under the Canadian Environmental Protection Act, 1999, as it read immediately before the day on which this Division comes into force. (réviseur)

Tribunal means the Environmental Protection Tribunal of Canada established by subsection 243(1) of the Canadian Environmental Protection Act, 1999 as it reads on the day on which this Division comes into force. (Tribunal)

550Contracts#

(1)A contract entered into before the day on which this Division comes into force by the Chief Review Officer or a review officer respecting the provision of services or material, in relation to the exercise of their powers and the performance of their duties and functions under the Canadian Environmental Protection Act, 1999, is deemed to have been entered into by the Chief Administrator.

(2)Unless the context otherwise requires, in a contract referred to in subsection (1), every reference to the Chief Review Officer or to a review officer is to be read as a reference to the Chief Administrator.

551Chief Review Officer#

(1)The person who holds the office of Chief Review Officer immediately before the day on which this Division comes into force continues in office as the Chairperson of the Tribunal for the remainder of the term for which they were appointed.

(2)A person who holds the office of review officer immediately before the day on which this Division comes into force continues in office as a member of the Tribunal for the remainder of the term for which they were appointed.

552Pending requests for review or other matters#

(1)Any request for review or other matter pending before the Chief Review Officer, a review officer or a panel of review officers immediately before the day on which this Division comes into force is to be continued before the Tribunal.

(2)An order or decision made by the Chief Review Officer, a review officer or a panel of review officers is deemed to have been made by the Tribunal and is enforceable as such.

Division 33 — Freshwater Fish Marketing Corporation

Divestiture and Dissolution

553Definitions#

The following definitions apply in this Division.

Corporation means the Freshwater Fish Marketing Corporation established by subsection 3(1) of the Freshwater Fish Marketing Act. (Office)

Minister means the member of the King’s Privy Council for Canada designated as Minister for the purposes of the Freshwater Fish Marketing Act. (ministre)

554Purpose#

The purpose of this Division is to authorize the taking of various measures for the divestiture and dissolution of all or any part of the Corporation.

555Powers of Minister#

(1)The Minister may, with the approval of the Governor in Council and on any terms that the Governor in Council considers appropriate, take any of the following measures:

(a)sell or otherwise dispose of some or all of the property of the Corporation;

(b)procure an addition to, or other material change in, the objects or purposes for which the Corporation is incorporated or the restrictions on the businesses or activities that it may carry on;

(c)procure the amalgamation of the Corporation;

(d)procure the dissolution of the Corporation;

(e)procure the incorporation of a corporation whose securities, on incorporation, would be held by, on behalf of or in trust for His Majesty in right of Canada and sell or otherwise dispose of some or all of those securities;

(f)procure the formation of any other entity whose securities, on formation, would be held by, on behalf of or in trust for His Majesty in right of Canada and sell or otherwise dispose of some or all of those securities; or

(g)acquire securities of a corporation or of any other entity that, on acquisition, would be held by, on behalf of or in trust for His Majesty in right of Canada and sell or otherwise dispose of some or all of those securities.

(2)The Minister may do anything or cause anything to be done that is necessary for, or incidental to, a measure taken under subsection (1).

(3)For greater certainty, if the Minister considers it appropriate to carry out the purposes of this Division, the Minister may appoint a liquidator, who is to hold office during pleasure, to administer the divestiture and dissolution of the Corporation.

(4)On appointment of a liquidator, the Chairperson of the Board of Directors of the Corporation, the President of the Corporation and the other directors of the Corporation cease to hold their respective offices and the liquidator may exercise all of the powers and perform all the duties and functions of the Corporation.

(5)The Governor in Council may, by order, declare that any provision of Part X of the Financial Administration Act does not apply to a corporation referred to in paragraph (1)(e) or to another entity referred to in paragraph (1)(f) that is a corporation.

556Powers#

(1)The Corporation, any corporation referred to in paragraph 555(1)(e) or any other entity referred to in paragraph 555(1)(f) — or any entity that is wholly owned, or wholly held or controlled, directly or indirectly, by the Corporation, the corporation or the other entity — may, with the approval of the Governor in Council and on any terms that the Governor in Council considers appropriate, take any of the following measures:

(a)sell or otherwise dispose of some or all of its property;

(b)sell or otherwise dispose of some or all of its liabilities;

(c)issue securities and sell or otherwise dispose of some or all of those securities;

(d)reorganize its capital structure;

(e)acquire the property of a corporation or any other entity;

(f)procure an addition to, or other material change in, the objects or purposes for which it is incorporated or formed or the restrictions on the businesses or activities that it may carry on;

(g)procure the incorporation of a corporation whose securities, on incorporation, would be held by, on behalf of or in trust for it;

(h)procure the formation of any other entity whose securities, on formation, would be held by, on behalf of or in trust for it;

(i)acquire securities of a corporation or any other entity that, on acquisition, would be held by, on behalf of or in trust for it;

(j)sell or otherwise dispose of some or all of the securities of a corporation or any other entity that are held by, on behalf of or in trust for it;

(k)procure its amalgamation;

(l)procure its dissolution; or

(m)do anything that is necessary for, or incidental to, a measure taken under any of paragraphs (a) to (l).

(2)The Governor in Council may, on the recommendation of the Minister and on any terms that the Governor in Council considers appropriate, by order, direct the Corporation, any corporation referred to in paragraph 555(1)(e) or any other entity referred to in paragraph 555(1)(f) — or any entity that is wholly owned, or wholly held or controlled, directly or indirectly, by the Corporation, the corporation or the other entity — to take, or cause any wholly-owned or wholly held or controlled entity of the Corporation, the corporation or the other entity to take a measure referred to in subsection (1).

(3)The directors of the Corporation or the corporation referred to in paragraph 555(1)(e) or any persons acting in a similar capacity with respect to the other entity referred to in paragraph 555(1)(f) must comply with an order made under subsection (2).

(4)Compliance with an order made under subsection (2) is deemed to be in the best interests of the Corporation, the corporation or the other entity.

(5)As soon as feasible after the Corporation, corporation or entity implements an order and completes any actions that are required to be taken in connection with that implementation, it must notify the Minister that it has done so.

(6)The Statutory Instruments Act does not apply to an order made under subsection (2).

557Tabling in Parliament#

(1)The Minister is to cause a copy of an order made under subsection 556(2) to be laid before each House of Parliament on any of the first 15 days on which that House is sitting after the day on which the order is made.

(2)However, if the Minister is of the opinion that publishing information contained in the order would be detrimental to the commercial interests of Canada, of the Corporation or of any corporation or entity referred to in the order, the Minister is to cause a copy of the order to be laid before each House of Parliament on any of the first 15 days on which that House is sitting after the day on which the Minister is notified that the order has been implemented.

(3)Before the Minister forms an opinion as to whether publishing information contained in the order would be detrimental, the Minister must consult the Board of Directors of the Corporation or of the corporation or the person or group of persons acting in a similar capacity with respect to the other entity.

558Transfer — property, rights or interests#

Subject to sections 559 and 560, on the day on which the Corporation is dissolved, the Governor in Council may, on the recommendation of the Minister and on any terms that the Governor in Council considers appropriate, transfer, or direct to be transferred, the control, management and administration of any property, rights or interests held by the Corporation to any Minister, department or agency of the Government of Canada.

559Distribution of property#

(1)The property of the Corporation is to be applied in satisfaction of its debts and liabilities, and of the charges, costs and expenses incurred in respect of its divestiture and dissolution.

(2)All charges, costs and expenses incurred in respect of the divestiture and dissolution of the Corporation are payable out of the property of the Corporation in priority to all other claims.

560Surplus#

(1)Any surplus that remains after the satisfaction of the debts and liabilities of the Corporation and the charges, costs and expenses incurred in respect of its divestiture and dissolution belongs to His Majesty in right of Canada.

(2)Any debts and liabilities of the Corporation that remain unsatisfied on the day on which the Corporation is dissolved become the debts and liabilities of His Majesty in right of Canada.

561Dissolution#

The Corporation is dissolved.

Transitional Provisions

562Reference to Corporation#

On or after the day on which the Corporation is dissolved, every reference to the Corporation in any contract, instrument, act or other document executed or signed by the Corporation in its own name is to be read, unless the context otherwise requires, as a reference to His Majesty in right of Canada.

563Commencement of legal proceedings#

(1)Any action, suit or other legal proceeding in respect of an obligation or liability incurred by the Corporation in respect of its divestiture or dissolution may be brought against His Majesty in right of Canada in any court that would have had jurisdiction if the action, suit or other legal proceeding had been brought against the Corporation.

(2)Any action, suit or other legal proceeding to which the Corporation is party that is pending in any court on the day on which the Corporation is dissolved may be continued by or against His Majesty in right of Canada in like manner and to the same extent as it could have been continued by or against the Corporation.

564No compensation#

Despite the provisions of any contract, agreement or order in council, no person who is appointed to hold office as a member of the Board of Directors of the Corporation has any right to any compensation, damages, indemnity or other form of relief from His Majesty in right of Canada or from any employee or agent of His Majesty for ceasing to hold that office or for the abolition of that office, by the operation of this Division.

Consequential Amendments

Federal-Provincial Fiscal Arrangements Act

565 #

[Amendments]

Financial Administration Act

566 #

[Amendments]

Payments in Lieu of Taxes Act

567 #

[Amendments]

Public Service Superannuation Act

568 #

[Amendments]

Repeal

569Repeal#

The Freshwater Fish Marketing Act, chapter F-13 of the Revised Statutes of Canada, 1985, is repealed.

Coming into Force

*570Order in council#

Sections 561 and 565 to 569 come into force on a day or days to be fixed by order of the Governor in Council.

Division 34 — Government Annuities Improvement Act

571 #

[Amendments]

Division 35 — Naskapi and the Cree-Naskapi Commission Act

572 #

[Amendments]

Division 36 — Canada Student Financial Assistance Act

Amendments to the Act

573 #

[Amendments]

574 #

[Amendments]

Transitional Provision

575Delayed application#

(1)Section 6.31 of the Canada Student Financial Assistance Act applies as of August 1, 2029 in relation to a qualifying student who

(a)is registered in a program of studies during the loan year beginning on August 1, 2025;

(b)in respect of that program of studies, receives financial assistance under that Act during that loan year or received financial assistance under that Act during a previous loan year; and

(c)continues that program of studies at the same designated educational institution.

(2)Unless the context otherwise requires, words and expressions used in subsection (1) have the same meaning as in the Canada Student Financial Assistance Act.

Division 37 — Proceeds of Crime (Money Laundering) and Terrorist Financing (Various Measures)

Proceeds of Crime (Money Laundering) and Terrorist Financing Act

576 #

[Amendments]

577 #

[Amendments]

578 #

[Amendments]

579 #

[Amendments]

580 #

[Amendments]

581 #

[Amendments]

582 #

[Amendments]

583 #

[Amendments]

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

584 #

[Amendments]

585 #

[Amendments]

Consequential Amendment to the Access to Information Act

586 #

[Amendments]

Coming into Force

587October 1, 2025#

Section 584 is deemed to have come into force on October 1, 2025 immediately after the coming into force of section 8 of the Regulations Amending Certain Regulations Made Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, made on December 16, 2024 and registered as SOR/2024-267.

Division 38 — Borrowing Authority Act

588 #

[Amendments]

Division 39 — Measures Related to the Dissolution of Certain Corporations and Cooperatives (Listed Entities)

Canada Business Corporations Act

589 #

[Amendments]

Canada Cooperatives Act

590 #

[Amendments]

Canada Not-for-profit Corporations Act

591 #

[Amendments]

Division 40 — Building Canada Act

592 #

[Amendments]

Division 41 — Canadian Energy Regulator Act

593 #

[Amendments]

594 #

[Amendments]

Division 42 — Canadian Environmental Protection Act, 1999

595 #

[Amendments]

596 #

[Amendments]

Division 43 — Competition Act

597 #

[Amendments]

598 #

[Amendments]

Division 44 — National School Food Program Act

599 #

[Amendments]

Division 45 — Stablecoin Act

Enactment of Act

600 #

[Amendments]

Consequential and Related Amendments

Access to Information Act

601 #

[Amendments]

Proceeds of Crime (Money Laundering) and Terrorist Financing Act

602 #

[Amendments]

603 #

[Amendments]

Retail Payment Activities Act

604 #

[Amendments]

605 #

[Amendments]

Coming into Force

*606Order in council#

Sections 601 to 605 come into force on a day or days to be fixed by order of the Governor in Council.

Schedule 1

Schedule 3 · (Subsection 2(1), section 30, subsections 31(3), 33(1), 35(3) and 40(1) and section 44)

Schedule 2

(Section 2, subsections 13(1) to (3), 14(1) and (2) and 15(1) and paragraph 44(b))

Schedule 3

| Column 1 | Column 2Item | Province | Instrument1 | Ontario | National Instrument 51-102 Continuous Disclosure Obligations, made a rule of the Ontario Securities Commission and published on April 2, 2004, (2004) 27 OSCB 3439, as amended from time to time2 | Quebec | Regulation 51-102 respecting Continuous Disclosure Obligations, CQLR, c. V-1.1, r. 24, as amended from time to time3 | Nova Scotia | National Instrument 51-102 Continuous Disclosure Obligations, made a rule of the Nova Scotia Securities Commission and published in the Nova Scotia Royal Gazette, Part I, on March 15, 2004, as amended from time to time4 | New Brunswick | National Instrument 51-102 Continuous Disclosure Obligations, made a rule of the Financial and Consumer Services Commission of New Brunswick, as amended from time to time5 | Manitoba | Manitoba Securities Commission Rule 2003-17, National Instrument 51-102 Continuous Disclosure Obligations, as amended from time to time6 | British Columbia | National Instrument 51-102 Continuous Disclosure Obligations, B.C. Reg. 110/2004, as amended from time to time7 | Prince Edward Island | National Instrument 51-102 Continuous Disclosure Obligations, implemented by Rule 51-802 Implementing National Instrument 51-102 Continuous Disclosure Obligations, made under the Securities Act, R.S.P.E.I. 1988, c. S-3.1, as amended from time to time8 | Saskatchewan | National Instrument 51-102 Continuous Disclosure Obligations, set out in Part XXXVI of the Appendix to The Securities Commission (Adoption of National Instruments) Regulations, R.R.S. c. S-42.2, Reg. 3, as amended from time to time9 | Alberta | National Instrument 51-102 Continuous Disclosure Obligations, made a rule of the Alberta Securities Commission and published in the Alberta Gazette, Part 1, on March 15, 2004, as amended from time to time10 | Newfoundland and Labrador | National Instrument 51-102 Continuous Disclosure Obligations, implemented by Rule 51-801 Implementing National Instrument 51-102 Continuous Disclosure Obligations, made under the Securities Act, R.S.N.L. 1990, c. S-13, as amended from time to time11 | Yukon | National Instrument 51-102 Continuous Disclosure Obligations, implemented by Rule Respecting the Implementation of CSA Instruments and Policies (Local Rule 11-802), made under the Securities Act, S.Y. 2007, c. 16, as amended from time to time12 | Northwest Territories | National Instrument 51-102 Continuous Disclosure Obligations, implemented by Implementing Rule 51-802 Continuous Disclosure Obligations, made under the Securities Act, S.N.W.T. 2008, c. 10, as amended from time to time13 | Nunavut | National Instrument 51-102 Continuous Disclosure Obligations, adopted by the Adoption of National and Multilateral Instruments (Securities Act) Regulations, R-018-2005, as amended from time to time | Column 1 | Column 2Item | Province | Instrument1 | Ontario | National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, made a rule of the Ontario Securities Commission and published on June 14, 2002, (2002) 25 OSCB 3361, as amended from time to time2 | Quebec | Regulation 54-101 respecting Communication with Beneficial Owners of Securities of a Reporting Issuer, CQLR, c. V-1.1, r. 29, as amended from time to time3 | Nova Scotia | National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, made a rule of the Nova Scotia Securities Commission and published in the Nova Scotia Royal Gazette, Part I, on July 3, 2002, as amended from time to time4 | New Brunswick | National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, made a rule of the Financial and Consumer Services Commission of New Brunswick, as amended from time to time5 | Manitoba | Manitoba Securities Commission Rule 2002-1, National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, as amended from time to time6 | British Columbia | National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, B.C. Reg. 154/2002, as amended from time to time7 | Prince Edward Island | National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, implemented by Rule 54-801 Implementing National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, made under the Securities Act, R.S.P.E.I. 1988, c. S-3.1, as amended from time to time8 | Saskatchewan | National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, set out in Part XXIV of the Appendix to the Securities Commission (Adoption of National Instruments) Regulations, R.R.S. c. S-42.2, Reg. 3, as amended from time to time9 | Alberta | National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, made a rule of the Alberta Securities Commission and published in the Alberta Gazette, Part 1, on June 29, 2002, as amended from time to time10 | Newfoundland and Labrador | National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, made a rule by the Superintendent of Securities of Newfoundland and Labrador under the Securities Act, R.S.N.L. 1990, c. S-13, as amended from time to time11 | Yukon | National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, implemented by Rule Respecting the Implementation of CSA Instruments and Policies (Local Rule 11-802), made under the Securities Act, S.Y. 2007, c. 16, as amended from time to time12 | Northwest Territories | National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, implemented by Implementing Rule 54-801 Communication with Beneficial Owners of Securities of a Reporting Issuer, made under the Securities Act, S.N.W.T. 2008, c. 10, as amended from time to time13 | Nunavut | National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, adopted by the Adoption of National and Multilateral Instruments (Securities Act) Regulations, R-018-2005, as amended from time to time

Schedule V · (Sections 14.12 and 992)

Schedule 4

Schedule IV · (Sections 74.1 and 91.2)

Schedule 5

ToxinsHuman Pathogens

Prohibited Human Pathogens and Toxins (Subsection 3(1), section 8, subsections 9(4), 10(1) and 10(2) and paragraph 12(2)(b))

ToxinsHuman Pathogens

Schedule 6

Schedule 2 · (Section 2, subsections 15.1(1) to (3) and section 19)

Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.