Sustaining Canada's Economic Recovery Act

A second Act to implement certain provisions of the budget tabled in Parliament on March 4, 2010 and other measures

This bill is from the 40th Parliament, 3rd session, which ended in March 2011.

Sponsor

Jim Flaherty  Conservative

Status

This bill has received Royal Assent and is now law.

Summary

This is from the published bill.

Part 1 of this enactment implements a number of income tax measures proposed in the March 4, 2010 Budget. In particular it
(a) allows for the sharing of the Canada Child Tax Benefit, the Universal Child Care Benefit and the Goods and Services Tax/Harmonized Sales Tax credit for eligible shared custody parents;
(b) allows Registered Retirement Savings Plan proceeds to be transferred to a Registered Disability Savings Plan on a tax-deferred basis;
(c) implements disbursement quota reform for registered charities;
(d) better targets the tax incentives in place for employee stock options;
(e) expands the availability of accelerated capital cost allowance for clean energy generation;
(f) adjusts the capital cost allowance rate for television set-top boxes to better reflect the useful life of these assets;
(g) clarifies the definition of a principal-business corporation for the purposes of the rules relating to Canadian Renewable and Conservation Expenses;
(h) introduces amendments that are consequential to the introduction in 2011 of new International Financial Reporting Standards by the Accounting Standards Board; and
(i) amends the Canada Pension Plan, the Employment Insurance Act and the Income Tax Act to provide legislative authority for the Canada Revenue Agency to issue online notices if the taxpayer so requests.
Part 1 also implements income tax measures that were previously announced regarding:
(a) rules to facilitate the implementation of Employee Life and Health Trusts, released in draft form on February 26, 2010;
(b) indexing of the working income tax benefit announced in the 2009 Budget;
(c) technical changes concerning TFSAs announced on October 16, 2009; and
(d) an amendment to the rules regarding labour sponsored venture capital corporations that are consequential to the introduction of TFSAs.
Part 2 amends the Air Travellers Security Charge Act, the Excise Act, 2001, the Excise Tax Act and the New Harmonized Value-added Tax System Regulations to provide legislative authority for the Canada Revenue Agency to issue online notices if the taxpayer so requests.
Part 2 also amends the Air Travellers Security Charge Act, the Excise Act, the Excise Act, 2001, the Excise Tax Act, the Brewery Departmental Regulations and the Brewery Regulations to allow certain small remitters to file and remit semi-annually rather than monthly.
Finally, Part 2 amends the Air Travellers Security Charge Act and the Excise Tax Act to extend the protection from civil liability claims that is already provided under the Income Tax Act and other federal statutes to agents of the Crown who collect the Goods and Services Tax/Harmonized Sales Tax and the air travellers security charge in intended compliance with their statutory obligations.
Part 3 amends the Federal-Provincial Fiscal Arrangements Act to facilitate the sharing of taxes under Part I.01 and Part X.5 of the Income Tax Act with provinces and territories.
Part 4 amends the Bank Act and the Financial Consumer Agency of Canada Act to require that banks belong to an approved external complaints body and to authorize the Governor in Council to prescribe the approval requirement for that body. The amendments also assign the responsibility for managing the approval process and supervising the approved external complaints bodies to the Financial Consumer Agency of Canada.
Part 5 amends the Canada Disability Savings Act to allow a 10-year carry forward of Canada Disability Savings Grant and Canada Disability Savings Bond entitlements.
Part 6 amends section 11.1 of the Customs Act to exempt from the User Fees Act fees that are charged for expedited border clearance programs and that are coordinated with international partners.
Part 7 amends the Federal-Provincial Fiscal Arrangements Act to implement the total transfer protection for 2010-11, to set out the treatment of the one-time transfer protection payment under the fiscal stabilization program, update legislative references made in the fiscal stabilization provisions and give greater clarity to the calculation of the fiscal stabilization payment.
Part 8 amends the Office of the Superintendent of Financial Institutions Act. In particular, the Act is amended to
(a) harmonize the assessment of costs associated with the administration of the Pension Benefits Standards Act, 1985 with the regime in place for the assessment of costs associated with the administration of laws governing financial institutions; and
(b) allow the Superintendent to remit assessments, interim assessments and penalties and to write off certain debts.
Part 9 amends the Pension Benefits Standards Act, 1985. In particular, the Act is amended to
(a) authorize the Minister of Finance to enter into an agreement with the provinces respecting pension plans that are subject to the pension legislation of more than one jurisdiction;
(b) authorize the Minister of Finance to designate an entity for the purposes of receiving, holding and disbursing the pension benefit credit of any person who cannot be located;
(c) permit information to be provided in electronic form, including information provided by the administrator of a pension plan to members or to the Superintendent;
(d) allow the administrator of a pension plan to offer investment options with respect to accounts maintained in respect of a defined contribution provision or accounts maintained for additional voluntary contributions;
(e) provide rules regarding negotiated contribution plans;
(f) require consent of a member’s spouse or common-law partner before the transfer of the member’s pension benefit credit to a retirement savings plan; and
(g) authorize the Superintendent to direct the administrator of a pension plan that is subject to the pension legislation of more than one jurisdiction to establish a separate pension plan for certain members, former members and survivors.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Bill numbers are reused for different bills each new session. Perhaps you were looking for one of these other C-47s:

C-47 (2023) Law Budget Implementation Act, 2023, No. 1
C-47 (2017) Law An Act to amend the Export and Import Permits Act and the Criminal Code (amendments permitting the accession to the Arms Trade Treaty and other amendments)
C-47 (2014) Law Miscellaneous Statute Law Amendment Act, 2014
C-47 (2012) Law Northern Jobs and Growth Act
C-47 (2009) Technical Assistance for Law Enforcement in the 21st Century Act
C-47 (2008) Family Homes on Reserves and Matrimonial Interests or Rights Act

Votes

Dec. 7, 2010 Passed That the Bill be now read a third time and do pass.
Nov. 4, 2010 Passed That the Bill be now read a second time and referred to the Standing Committee on Finance.

Sustaining Canada's Economic Recovery ActGovernment Orders

November 30th, 2010 / 5 p.m.

NDP

Jim Maloway NDP Elmwood—Transcona, MB

Madam Speaker, the fact of the matter is that the government and its air traveller security charge increase now make Canada the highest taxed jurisdiction in the world. We have that distinction, which has forced 50,000 Manitobans to flee from the hon. member's constituency, from his airport in our city of Winnipeg to go south to avoid his taxes, because the airlines cannot afford to pay the rent and pay the taxes that his government is charging.

Furthermore, with regard to the air passenger bill of rights, if the airlines followed the rules, it would cost them nothing. The rules we were proposing under my air passenger bill of rights have already been in the European Union for the last seven years now. Air Canada operates in the European Union. Air Canada pays compensation for overbooked flights, cancelled flights and flight delays in the European Union. When that happens, they would have to do the same in Canada. Inclement weather has nothing to do with it. That would be excluded. The member should know that, if he has read the bill. The fact of the matter is that the bill is no different from Europe's. It would have cost the airlines nothing.

However, this airline tax costs the airlines big time, because 50,000 of their customers are going to the United States and that number is only increasing.

Sustaining Canada's Economic Recovery ActGovernment Orders

November 30th, 2010 / 5 p.m.

Liberal

John Cannis Liberal Scarborough Centre, ON

Mr. Speaker, the NDP member said in his opening statement that he was going to address the viewing public. He asked why the Liberals continue to allow the government to survive. No matter what, he wants us to defeat the government. That is not a new statement. They wanted us to do that right after the last election.

The member says he wants to be responsible to Canadian taxpayers, that he does not want to waste money. Canadians have repeatedly told us that we must work together. We could not afford an election a year and a half ago. An election would cost over $500,000,000, in these trying and challenging times. Canadians are asking us to try to work things out. The NDP is saying it wants us to defeat the government, that it does not matter.

We do not disagree with what the member said about the airport tax and the cost.

Does my colleague think there would be some benefit if we defeated the government? What would the outcome be? Everybody is predicting that if an election were held now we would have another minority government, whether it be Liberal or Conservative.

I will tell the member, once and for all, we did not defeat the government because we chose to be responsible and we listened to Canadians. We do not believe that wasting more than half a billion dollars would get a different result. With the NDP, it is easy come, easy go. Maybe last night's election is a reflection of Canadians' distrust of the NDP.

Sustaining Canada's Economic Recovery ActGovernment Orders

November 30th, 2010 / 5:05 p.m.

NDP

Jim Maloway NDP Elmwood—Transcona, MB

Mr. Speaker, the member walked right into it. The Liberal candidate got thrashed in Vaughan last night. So I would assume that the member is going to be pretty careful in the next little while. I expect him to be backing up the Conservative government for many years to come. On the basis of what happened in Vaughan, I would suggest that he is probably afraid of losing his own seat right now and it is probably going to show over time. My prediction is--

Sustaining Canada's Economic Recovery ActGovernment Orders

November 30th, 2010 / 5:05 p.m.

Liberal

John Cannis Liberal Scarborough Centre, ON

Why don't you challenge me?

Sustaining Canada's Economic Recovery ActGovernment Orders

November 30th, 2010 / 5:05 p.m.

NDP

Jim Maloway NDP Elmwood—Transcona, MB

Mr. Speaker, the member should just go over and join the Conservatives, because he practically belongs in their caucus. He should just--

Sustaining Canada's Economic Recovery ActGovernment Orders

November 30th, 2010 / 5:05 p.m.

Conservative

Gerald Keddy Conservative South Shore—St. Margaret's, NS

What is the relevance?

Sustaining Canada's Economic Recovery ActGovernment Orders

November 30th, 2010 / 5:05 p.m.

The Deputy Speaker Andrew Scheer

Order.

Sustaining Canada's Economic Recovery ActGovernment Orders

November 30th, 2010 / 5:05 p.m.

NDP

Jim Maloway NDP Elmwood—Transcona, MB

Mr. Speaker, can I continue?

I think the member should just bypass the--

Sustaining Canada's Economic Recovery ActGovernment Orders

November 30th, 2010 / 5:05 p.m.

The Deputy Speaker Andrew Scheer

Order. As I asked hon. members earlier today, the Chair would certainly appreciate it if one member at a time asked a question and one member at a time answered the question.

There is enough time for one more question and comment. The hon. member for Edmonton--Strathcona.

Sustaining Canada's Economic Recovery ActGovernment Orders

November 30th, 2010 / 5:05 p.m.

NDP

Linda Duncan NDP Edmonton Strathcona, AB

Mr. Speaker, the member and a number of other speakers have raised the issue of perverse incentives in the budget. It is reported that, by 2014, given the cuts to corporate taxes that the government has announced, $60 billion worth of Canadian taxpayers' money will be lost at a time when our deficit is rising.

It is one thing to talk about the dollars and cents that are actually in the budget bill, but we need to look at the parallel initiatives of the government that go along with the budget, an example being the terrible, perverse incentives that it is providing to major industries by delaying important regulations to clean up the environment and to reduce greenhouse gases. Billions of dollars are being banked by these corporations as a result of the government's failure to act. That is far worse than the direct perverse incentives of cutting their taxes.

What about the perverse incentives of the government's enforcement of foreign investment law and its decisions on foreign investment, putting lots of money in the coffers of multinational corporations that are not even based in Canada? It is also denying thousands of Canadians badly needed jobs so they can buy Christmas presents for their kids.

So in terms of lost tax revenue, lost jobs, and lost benefits to Canadians, I wonder if the member could speak to that and the perversity of this budget.

Sustaining Canada's Economic Recovery ActGovernment Orders

November 30th, 2010 / 5:05 p.m.

NDP

Jim Maloway NDP Elmwood—Transcona, MB

Mr. Speaker, I want to thank the member for her question, but I do want to deal with the member for Scarborough Centre's concerns.

Forgive me if I am a little confused about whether he really is a Liberal or whether he really is a Conservative. Not only are the Liberal Party's actions concerning the budget votes of some confusion for the people in the House and in the public but its position on the military involvement in Afghanistan is a really good issue.

Over and over again the Prime Minister and the Liberal Party leadership have indicated that we will be out of Afghanistan after spending $18 billion and getting questionable results. We were going to end our involvement there, but at the end of the day we find out it was the Liberal Party that was the conduit for getting this deal put in place to extend a training mission for two years at a cost of another $2 billion.

This is when the country is running a $56 billion deficit. We have already spent $18 billion on this war, which has lasted almost 10 years. Now the LIberals have gotten into bed with the government to facilitate once again something that even they did not think they could—

Sustaining Canada's Economic Recovery ActGovernment Orders

November 30th, 2010 / 5:10 p.m.

The Deputy Speaker Andrew Scheer

Order, please. The member's time has expired. We will move on with the hon. member for Vancouver Quadra.

Sustaining Canada's Economic Recovery ActGovernment Orders

November 30th, 2010 / 5:10 p.m.

Liberal

Joyce Murray Liberal Vancouver Quadra, BC

Mr. Speaker, I am very pleased to be here today to take part in the debate on Bill C-47, A second Act to implement certain provisions of the budget tabled in Parliament on March 4, 2010 and other measures.

My speech will be very simple; I would like to discuss two main points. First of all, the Conservatives are mismanaging public money, and the way they waste money is shocking. Second, the priorities they set out in the budget do not meet the needs of Canadian families.

Starting with my first point, this is a government of shockingly bad wastage of public funds and mismanagement.

Of course we have heard already from many of the speakers about the record $56 billion deficit. Having been part of a provincial government wrestling down a deficit, which was in place when the government I was part of came in and took responsibility, I know how difficult it is to reduce deficits.

We have a huge challenge over the coming years. This is a government that does not appear to understand the value of money and does not appear to understand the importance of taking every taxpayer dollar extremely seriously and ensuring that every dollar is put to its highest and best use in the public good.

What we are anticipating from the current government's plans is $156 billion in new debt between 2009 and 2014, which would cost taxpayers $10 billion a year. Every single year, each and every year, that is $10 billion that will not be available for all of the many other things that are priorities for Canadians. That money would essentially be wasted. It would be taken out of the productive economy to pay interest costs.

I would ask my colleagues across the way if they actually believe it would be easier for the next generation to pay down this debt that they are incurring on behalf of Canadians as we speak. It will be much more difficult when there are fewer people in the workforce, when there are more people receiving pensions, when there are more people at an age that would put pressure on our health care system.

When we spend tomorrow's money, it has to be very wisely, and that is exactly what the government does not understand. Apparently, wisely for the government is in pursuit of votes and in pursuit of seats. That appears to be the vision of the current government, unfortunately for Canada and unfortunately for Canadians who deserve and need a vision to address the challenges that we have facing us in the future, the competitive challenges, the environmental challenges, the social challenges.

The wasteful spending has become a hallmark of the current Conservative government.

Again and again we have seen evidence that tax dollars are treated as though they are the private preserve of the Conservative members and cabinet.

I would call part of their wasteful spending the P3 plan. I wish the P3 plan were a plan about partnerships to create value for the future, public-private partnerships to build and create. However, the P3 plan of the current government essentially is about the planes, prisons and photo ops. That is the huge commitments of dollars, the billions of taxpayer dollars that are being committed unwisely and wastefully; for example, $16 billion for the stealth fighter planes.

We begin to trip over the word “billion” as though it did not have meaning. A billion is the number of minutes since Christ was born. A billion is a huge number. If one were to plant a tree every eight feet, a billion trees would be a swath of trees around the equator 400 feet wide. That is a billion. That is a huge number. We need to somehow find a way to have the government understand the scale of a billion dollars when it commits $14 billion or $16 billion for a stealth fighter program without a rationale as to why that actually is the equipment that our troops will need and that our government strategy to protect Canada or to protect our Arctic territory will require, when there is no clear rationale.

In fact, there is a refusal to respond to the Liberals' request for a clear rationale for why this particular equipment with this incredibly high price tag is the right one. That was not forthcoming. Second, these planes failed to have a competitive bid and failed to secure jobs in Canada.

It is just one of the reasons why I have to shake my head, seeing a group of members of Parliament who claim to be pro-business using such woefully inadequate practices for making their decisions in such a way that is so wasteful of the public dollars.

Another issue in the P3 program is the prisons, which appear to be heading towards $10 billion to $13 billion in spending of tax dollars at a time when crime is going down, as I want to remind the members opposite. This is a proposal to focus a huge amount of borrowed public funds, which will need to be paid back by workers in the future, on prisons when the evidence is very clear. In California for example, one in ten Californians is in jail. What has that done for the economy of California? It is not a very positive story.

I would ask the members opposite why the Conservative prime minister of Great Britain is coming forward with a goal of reducing the number of prisoners by 50%. He is a Conservative prime minister. Why would that prime minister be looking at reducing the need for prison cells and reducing the number of prisoners? It is because that is good public policy. What the government is doing is the opposite.

Not only is this an expensive use of borrowed public funds, not only is it bad public policy, but the government attempted to deceive the public as to what the costs of its crime agenda, its punishment agenda, would be. The government claimed a certain bill would cost $90 billion and was then outed by the Parliamentary Budget Officer when in fact the tab was some 100 times higher for the projected costs of prisons that the government will be foisting on the Canadian public.

It is wasteful spending on prisons, planes and photo ops. There has been much said about the photo ops. Again, it was $1 billion for 72 hours of the Prime Minister having his face in the newspapers and in the news coverage. Is that really a priority for Canadian citizens?

Rather than more for less, which is what the business community strives to do, more value at a lower cost, this is a government that has been delivering more borrowing and spending for less result and less value. There has been more borrowing to spend $30 million more on a census that is universally condemned across the country and outside the boundaries of this country for what it will do to frustrate researchers who are trying to provide services to Canadians.

There was more spending on a historically high ad budget that is highly focused on partisan signs to promote the government's agenda. There was more spending on the Prime Minister's office, up $10 million, to increase the Prime Minister's ability to control and spin information, leading to another one of the major critiques. For example, the journalist associations from across Canada, in a public letter, have said that our democracy is at risk with this increasingly secretive government that makes information difficult to access, that holds back freedom of information requests and that hides information and makes it unavailable to journalists who are then finding it very difficult to hold the government to account.

The fourth estate is an essential tool of our democracy to hold the government to account and to enable the public to know whether they are being properly served by their elected representatives, on the government side or not.

Journalists across the country are putting up the red flags and sounding the warning bells that the Conservative government is secretive, hiding information and undemocratic.

The second point I want to touch on in my remarks today is about the priorities of Canadian families and the fact that the priorities of the government, with its P3 program and more borrowing and spending for less value, are not addressing the primary priorities of Canadian families.

First there is health care. I would like to emphasize the importance of care to better health.

Care is very connected with health and the government has ignored the needs for care. It has ignored the predicament of people who take care of their chronically ill loved ones or aging spouses and parents. There is no help for them. The government has ignored the gap between the rich and the poor and Canada's gap will only widen under the policies of the government.

I want to underline that this is a very serious proposition for the well-being of Canadians and our country in the future because the research is unequivocal. Countries that have a lower gap between the rich and the poor have better outcomes on an entire range of indicators that have to do with health, happiness and well-being. Countries that have a low gap between the rich and the poor have fewer suicides, lower child mortality, higher happiness of citizens, better health, stronger families and virtually every indicator of health, happiness and well-being. A country ranks higher on those very important indicators of the strength and the resilience of that country when there is a lower gap between the rich and poor.

The government is doing everything it can in its policies to increase that gap. Where is the Conservatives' anti-poverty plan? Nowhere. That is something on which a Liberal government is committed to providing leadership. Where is their housing strategy? Completely absent. It was embarrassingly obvious during the Vancouver 2010 Winter Games that the federal government had completely taken itself out of the business of caring about providing leadership to ensure that affordable housing was available to those who needed it.

Not only are Conservatives not providing leadership to push things forward, they are undermining the leadership that the provinces and municipalities have undertaken to put a safety net under some of the most vulnerable, for example, the Insite facility in Vancouver. All peer reviewed research shows that facility saves lives. That facility puts a safety net under some of the most discouraged human beings in our country. It provides them with a safe place to engage with the health care system, to get the drugs they need to be well when they suffer from HIV-AIDS and to help them prevent passing that condition to others.

It is about compassion, but it is also about preventing the spread of disease and it is about saving lives. The government has gone to endless lengths in the courts to undermine Insite, not to support it, not to partner with the province and the city that support it, but to undermine and eliminate it. It is a shocking abrogation of human responsibility by the government.

These are some of the areas on which the Liberals will provide leadership on: the Liberal family care plan to support those who spend months or years to care for their loved ones, anti-poverty strategy, housing strategy, health care and education.

Education is the foundation of health, success, a wealthy society and a sustainable economy and the solution to the challenges of the future.

Education is very critical and that will be a number one priority of a Liberal government.

The government across the way has chosen to cut dollars for research in the universities, while spending the unimaginable kinds of dollars on signage. Every time the government does anything, it is forcing an expensive sign to be created.

When my constituents drive down the streets of Vancouver and see an economic action plan sign, they think that is another piece of playground equipment that cannot be purchased. The signs are costing an average of $2,000 to $3,000 each. The government wants to advertise its partisan ways using taxpayer dollars.

Why not use it for education? Why not use the dollars for making post-secondary educations more affordable for aboriginal people? Many young aboriginal people have the grades and are eligible but cannot obtain post-secondary educations. This is another equality issue that is tied in with education.

Protecting the environment is not a priority for the Conservatives. On the contrary, they see it as a barrier. They have relaxed the rules concerning the impact of development on the environment.

Shockingly the government is cutting funds for protection the environment. It sees protection as a barrier. Therefore, it is no surprise that it has cut la Fondation canadienne pour les sciences du climat et de l'atmosphère, the very organization that for decades was the steward of climate science. It has had its funding cut and those experiments are now to be abandoned.

They have slashed the energy efficiency program, the only major program for renewable energy.

The government has cut programs and it has cut the climate legislation. This is an uncaring, secretive, controlling, visionless and ruthless government and Canadians are getting tired of it. The bill is just one more expression of the misplaced priorities that ignore the real needs of Canadians.

Sustaining Canada's Economic Recovery ActGovernment Orders

November 30th, 2010 / 5:25 p.m.

The Deputy Speaker Andrew Scheer

The hon. member will have time for questions and comments the next time this bill is before the House.

The House resumed from December 2 consideration of the motion that Bill C-47, A second Act to implement certain provisions of the budget tabled in Parliament on March 4, 2010 and other measures, be read the third time and passed.