Bill C-69

Budget Implementation Act, 2024, No. 1

An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024

Part 1 implements certain measures in respect of the Income Tax Act and the Income Tax Regulations by
(a) denying income tax deductions for expenses incurred with respect to non-compliant short-term rentals;
(b) exempting from taxation the international shipping income of certain Canadian resident companies;
(c) exempting from taxation any income of the trusts established under the First Nations Child and Family Services, Jordan’s Principle, and Trout Class Settlement Agreement;
(d) doubling the volunteer firefighters and search and rescue volunteers tax credits;
(e) extending the eligibility for the Canada child benefit in respect of a child for six months after the child’s death;
(f) increasing the cap on labour expenditures per eligible newsroom employee from $55,000 to $85,000 and increasing, for four years, the Canadian journalism labour tax credit rate from 25% to 35%;
(g) extending eligibility for the mineral exploration tax credit by one year;
(h) providing a refundable tax credit to small and medium-sized businesses in designated provinces by returning a portion of fuel charge proceeds from the province;
(i) providing a refundable investment tax credit to qualifying businesses for investments in certain clean hydrogen projects;
(j) providing a refundable investment tax credit to qualifying businesses for certain investments in clean technology manufacturing property;
(k) amending the definition “government assistance” to exclude bona fide concessional loans with reasonable repayment terms from public authorities;
(l) implementing a number of amendments to the alternative minimum tax;
(m) increasing the home buyers’ plan withdrawal limit from $35,000 to $60,000 and deferring the repayment period by three additional years;
(n) excluding the failure to report under the mandatory disclosure rules from the application of the section 238 penalty;
(o) introducing a $10-million capital gains exemption on the sale of a business to an employee ownership trust; and
(p) implementing a number of technical amendments to correct inconsistencies and to better align the law with its intended policy objectives.
Part 2 enacts the Global Minimum Tax Act , a regime based on the rules of the Organisation for Economic Co-operation and Development (OECD). The global minimum tax regime will ensure that large multinational corporations are subject to a minimum effective tax rate of 15% on their profits wherever they do business. It sets out rules for the purposes of establishing liability for the tax and also sets out applicable reporting and filing requirements. To promote compliance with its provisions, that Act includes modern administration and enforcement provisions generally aligned with those found in other taxation statutes. Finally, this Part also makes related and consequential amendments to other texts to ensure proper implementation of the tax and cohesive and efficient administration by the Canada Revenue Agency.
Part 3 amends the Excise Tax Act , the Excise Act , the Excise Act, 2001 , the Underused Housing Tax Act , the Greenhouse Gas Pollution Pricing Act and other related texts in order to implement certain measures.
Division 1 of Part 3 amends the Excise Tax Act by repealing the temporary relief for supplies of certain face masks or respirators and certain face shields from the Goods and Services Tax/Harmonized Sales Tax.
Division 2 of Part 3 amends the Excise Act , the Excise Act, 2001 and other related texts in order to implement changes to
(a) the federal excise duty framework for tobacco products by
(i) increasing the excise duty rates for tobacco products, including imposing a tax on inventories of cigarettes held by retailers and wholesalers,
(ii) changing the process by which brands of tobacco products for export are exempted from special excise duty and marking requirements,
(iii) allowing certain information to be shared for the administration or enforcement of the Tobacco and Vaping Products Act , and
(iv) requiring the filing of information returns in respect of tobacco excise stamps;
(b) the federal excise duty framework for vaping products by increasing the excise duty rates for vaping products; and
(c) the federal excise duty framework for alcohol by
(i) extending by two years the two per cent cap on the inflation adjustment on beer, spirits and wine excise duties, and
(ii) cutting by half for two years the excise duty rate on the first 15,000 hectolitres of beer brewed in Canada.
Division 3 of Part 3 amends the Underused Housing Tax Act and the Underused Housing Tax Regulations by, among other things,
(a) eliminating filing requirements for certain owners;
(b) reducing minimum penalties for failing to file a return; and
(c) introducing a new exemption for residential properties held as a place of residence or lodging for employees.
Division 4 of Part 3 amends the Greenhouse Gas Pollution Pricing Act by providing authority, in certain circumstances, for the sharing of certain information amongst federal officials and for the public disclosure of certain information by the Minister of National Revenue.
Part 4 enacts and amends several Acts in order to implement various measures.
Division 1 of Part 4 amends the Budget Implementation Act, 2022, No. 1 to delay the repeal of the Prohibition on the Purchase of Residential Property by Non-Canadians Act for two years.
Division 2 of Part 4 amends the National Housing Act to increase the in-force limits for guarantees issued by the Canada Mortgage and Housing Corporation (CMHC) in respect of mortgage-backed securities and Canada Mortgage Bonds and for mortgage default insurance provided by CMHC from the temporary $750 billion to the permanent $800 billion. It also amends the Borrowing Authority Act to avoid the double counting of liabilities related to Canada Mortgage Bonds that are guaranteed by the CMHC and have been purchased by the Minister of Finance, on behalf of the Government of Canada, in the calculation of the maximum amount of certain borrowings under that Act.
Division 3 of Part 4 authorizes the making of payments to the provinces for the fiscal year beginning on April 1, 2024 respecting a national program for providing food in schools.
Division 4 of Part 4 amends the Canada Student Loans Act and the Canada Student Financial Assistance Act to expand eligibility for student loan forgiveness to early childhood educators, dentists, dental hygienists, pharmacists, midwives, teachers, social workers, psychologists, personal support workers and physiotherapists.
Division 5 of Part 4 amends the Canada Education Savings Act to, among other things,
(a) authorize the Minister responsible for that Act to open a registered education savings plan in respect of a child born after 2023 who is eligible for the payment of the Canada Learning Bond and is not the beneficiary under such a plan, so that the Minister may pay a Canada Learning Bond in respect of the child; and
(b) increase, from 20 to 30 years, the maximum age of a beneficiary under a registered education savings plan in respect of whom a Canada Learning Bond may be paid on application.
It also makes consequential amendments to the Income Tax Act .
Division 6 of Part 4 amends the Bretton Woods and Related Agreements Act to increase the maximum financial assistance that may be provided in respect of foreign states.
Division 7 of Part 4 amends the Bretton Woods and Related Agreements Act to increase the amount of the payment that the Minister of Finance may provide to the International Monetary Fund in respect of Canada’s subscriptions. It also amends the International Development (Financial Institutions) Assistance Act and the European Bank for Reconstruction and Development Agreement Act to provide for new financial instruments that the Minister of Foreign Affairs or the Minister of Finance, as the case may be, may use to provide financial assistance to the institutions referred to in those Acts.
Division 8 of Part 4 amends the International Financial Assistance Act to, among other things, provide that foreign exchange losses in relation to programs referred to in that Act must be charged to the Consolidated Revenue Fund and provide for the making of payments to Development Finance Institute Canada (DFIC) Inc. in relation to programs referred to in that Act out of the Consolidated Revenue Fund.
Division 9 of Part 4 amends the Export Development Act to lower the limit for total liabilities and obligations referred to in subsection 24(1) of that Act from $115 billion to $100 billion.
Division 10 of Part 4 amends the Financial Administration Act to broaden the application of subsection 85(2) of that Act to other Crown corporations.
Division 11 of Part 4 amends the Financial Administration Act to require certain banks and other financial institutions to disclose prescribed information for federal payments accepted for deposit.
Division 12 of Part 4 amends the Federal-Provincial Fiscal Arrangements Act to enhance the Canada Health Transfer for qualifying provinces and territories.
Division 13 of Part 4 amends the Pension Benefits Standards Act, 1985 to require that the Superintendent of Financial Institutions publish certain information relating to pension plan investments. It also amends the Pooled Registered Pension Plans Act to require that plan administrators provide specified information by written notice to certain persons when they become members of a pooled registered pension plan.
Division 14 of Part 4 amends the Canada Pension Plan to, among other things,
(a) provide for a death benefit of $5,000 in cases where no other Canada Pension Plan benefit, with the exception of the orphan’s benefit, has been paid in respect of the deceased contributor’s contributions;
(b) create a new child’s benefit for dependent children aged 18 to 24 who are in part-time attendance at school;
(c) maintain eligibility for the disabled contributor’s child’s benefit if the disabled contributor reaches the age of 65;
(d) allow for the deeming of an application for a disabled contributor’s child’s benefit on behalf of a child to have been made at an earlier date under the Canada Pension Plan ’s incapacity provisions;
(e) preclude entitlement to a survivor’s pension if an individual has received a division of unadjusted pensionable earnings in respect of their deceased separated spouse; and
(f) clarify the determination of the payee of the disabled contributor’s child’s benefit.
It also makes a consequential amendment to the Canada Pension Plan Regulations .
Division 15 of Part 4 amends the Public Sector Pension Investment Board Act to provide for the payment of certain amounts into the Consolidated Revenue Fund by the Public Sector Pension Investment Board.
Division 16 of Part 4 enacts the Consumer-Driven Banking Act , which establishes a consumer-driven framework for individuals and small businesses to safely and securely share their data with the participating entities of their choice.
It also makes related amendments to the Financial Consumer Agency of Canada Act to establish the position of Senior Deputy Commissioner for Consumer-Driven Banking who is responsible for consumer-driven banking matters and to provide for, among other things, the supervision of participating entities.
Division 17 of Part 4 amends the Bank Act to, among other things, clarify the definitions “deposit-type instrument” and “principal-protected note”.
Division 18 of Part 4 amends the Office of the Superintendent of Financial Institutions Act to increase to $100,000,000 the maximum amount that expenditures made out of the Consolidated Revenue Fund to defray the expenses arising out of the operations of the Office may exceed the Office’s total assessments and revenues.
Division 19 of Part 4 amends the Bank of Canada Act to clarify that the Bank of Canada may enter into repurchase, reverse repurchase and buy-sellback agreements.
Division 20 of Part 4 amends the Canada Business Corporations Act to
(a) harmonize fines for a corporation guilty of an offence related to the collection or sending of information regarding individuals with significant control; and
(b) set separate fines and imprisonment terms on the basis of a summary conviction or a conviction on indictment for a director, officer or shareholder of a corporation guilty of an offence related to individuals with significant control.
Division 21 of Part 4 amends Parts I to III of the Canada Labour Code to, among other things,
(a) provide that a person who is paid remuneration by an employer is presumed to be their employee unless the contrary is proved by the employer;
(b) provide that if, in any proceeding other than a prosecution, an employer alleges that a person is not their employee, the burden of proof is on the employer; and
(c) prohibit an employer from treating an employee as if they were not their employee.
Finally, it also includes transitional provisions.
Division 22 of Part 4 amends the Canada Labour Code to, among other things, set out certain employer obligations relating to policies respecting work-related communication and clarify certain employee rights and employer obligations relating to terminations of employment. It also includes transitional provisions.
Division 23 of Part 4 amends the Employment Insurance Act to extend, until October 24, 2026, the duration of the measure that increases the maximum number of weeks for which benefits may be paid in a benefit period to certain seasonal workers.
Division 24 of Part 4 amends section 61 of An Act for the Substantive Equality of Canada’s Official Languages in order to add a reference to subsections 18(1.1) and (1.2) of the Use of French in Federally Regulated Private Businesses Act in subsection 19(1) of that Act, which An Act for the Substantive Equality of Canada’s Official Languages enacts.
Division 25 of Part 4 authorizes a corporation that is to be incorporated as a wholly owned subsidiary of the Canada Development Investment Corporation to provide loan guarantees as part of an Indigenous loan guarantee program and authorizes the payment out of the Consolidated Revenue Fund by the Minister of Finance of amounts that are required in respect of those guarantees.
Division 26 of Part 4 authorizes the payment of up to $1.3 million to entities or individuals involved in the government’s engagement in a pilot project for the creation of a Red Dress Alert.
Division 27 of Part 4 provides that the subsidiary of VIA Rail Canada Inc. incorporated with the corporate name VIA HFR - VIA TGF Inc. is, as of the date of its incorporation, an agent of His Majesty in right of Canada and may enter into contracts, agreements and other arrangements with His Majesty as though it were not such an agent.
Division 28 of Part 4 amends the Impact Assessment Act , in response to the majority opinion of the Supreme Court of Canada on the constitutionality of that Act, to, among other things,
(a) align the preamble and purpose provision with the primary objective of that Act, which is to prevent or mitigate significant adverse effects within federal jurisdiction — and significant direct or incidental adverse effects — that may be caused by the carrying out of physical activities;
(b) replace the definition “effects within federal jurisdiction” with “adverse effects within federal jurisdiction” and, in doing so,
(i) restrict the definition to non-negligible adverse changes,
(ii) limit transboundary changes to those involving the pollution of transboundary waters and the marine environment, and
(iii) include, in respect of federal works or undertakings and activities carried out on federal lands, non-negligible adverse changes to the environment or to health, social and economic conditions;
(c) ensure that the impact assessment process applies only to those physical activities that may cause adverse effects within federal jurisdiction or direct or incidental adverse effects;
(d) ensure that, in deciding if an impact assessment of a designated project is required, one factor that the Impact Assessment Agency of Canada must take into account is whether another means exists that would permit a jurisdiction to address those effects;
(e) amend the final decision-making provisions to provide for an initial determination as to whether the adverse effects within federal jurisdiction and the direct or incidental adverse effects are likely to be, to some extent, significant, and then, if so, provide for a determination as to whether those effects are justified in the public interest; and
(f) improve cooperation tools to better harmonize the impact assessment process with the processes for assessing effects that are followed by provincial and Indigenous jurisdictions.
Finally, it also includes transitional provisions.
Division 29 of Part 4 amends the Judges Act to increase the number of salaries authorized for judges of superior courts other than appeal courts. It also reduces in a corresponding manner the number of salaries authorized for judges of provincial unified family courts.
Division 30 of Part 4 amends the Tax Court of Canada Act to provide that, if a party to a proceeding under the general procedure of the Tax Court of Canada is not an individual, that party must be represented by counsel, except under special circumstances.
Division 31 of Part 4 amends the Food and Drugs Act to, among other things, authorize the Minister of Health to
(a) establish rules for the purpose of preventing, managing or controlling the risk of injury to health from the use of therapeutic products, other than the intended use, or the risk of adverse effects on human beings, animals or the environment from the use of a drug intended for an animal;
(b) exempt any food, therapeutic product, person or activity from the application of certain provisions of that Act or its regulations; and
(c) deem, on the basis of decisions of, information or documents produced by, a foreign regulatory authority, that certain requirements of that Act or its regulations are met in respect of a therapeutic product or food.
Finally, it also includes a transitional provision.
Division 32 of Part 4 amends the Tobacco and Vaping Products Act to authorize the provision of customs information to the Minister responsible for that Act for the purpose of the administration and enforcement of that Act and to authorize that Minister to disclose information to other federal ministers for certain purposes.
Division 33 of Part 4 amends the Criminal Code to broaden the criminal interest rate offence to prohibit a person from offering to enter into an agreement or arrangement to receive interest at a criminal rate and from advertising an offer to enter into an agreement or arrangement that provides for the receipt of interest at a criminal rate. It also repeals the provision that requires the consent of the Attorney General prior to commencing proceedings related to the offence.
Division 34 of Part 4 contains measures that are related to money laundering, terrorist financing and sanctions evasion and other measures.
Subdivision A of Division 34 amends the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to, among other things,
(a) permit information sharing between reporting entities for the purpose of detecting and deterring money laundering, terrorist financing and sanctions evasion;
(b) authorize, subject to certain conditions, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) to disclose certain information to provincial and territorial civil forfeiture offices and to the Department of Citizenship and Immigration;
(c) authorize FINTRAC to publicize additional information pertaining to violations of that Act; and
(d) extend the application of that Act to cheque cashing businesses.
It also makes consequential amendments to the Personal Information Protection and Electronic Documents Act and the Cross-border Currency and Monetary Instruments Reporting Regulations .
Subdivision B of Division 34 amends the Income Tax Act and the Excise Tax Act to allow provincial or superior court judges, a judge of a superior court of criminal jurisdiction or a judge as defined in section 552 of the Criminal Code to grant on application by a Canada Revenue Agency official the authorization to use device or investigative technique, or procedure or otherwise do any thing provided in a warrant, for purposes of tax investigations.
Subdivision C of Division 34 amends the Criminal Code to provide for an order to keep an account open or active and for a production order to require the production of documents or data that are in a person’s possession or control on dates specified in an order that fall within the 60-day period after the day on which it is made.
Division 35 of Part 4 amends the Criminal Code to, among other things,
(a) create new offences in respect of motor vehicle theft, including an offence concerning the possession or the distribution of an electronic device suitable for committing theft of a motor vehicle, and in respect of criminal organizations; and
(b) add, as an aggravating factor, evidence that an offender involved a person under the age of 18 years in the commission of an offence.
It also makes consequential amendments to other Acts.
Division 36 of Part 4 amends the Radiocommunication Act to, among other things, prohibit the manufacture, import, distribution, lease, offer for sale, sale or possession of certain devices specified by the Minister of Industry. It also amends that Act to establish as an offence or a violation the contravention of that prohibition.
Division 37 of Part 4 amends the Telecommunications Act to, among other things, require telecommunications service providers to provide their subscribers with a self-service mechanism that allows them to cancel their contract for telecommunications services or modify their telecommunications service plan and to inform those subscribers before the expiry of their fixed-term contract, as well as in other specified circumstances, of other service plans that those providers offer. It also amends that Act to prohibit the charging of certain fees.
Division 38 of Part 4 amends the Corrections and Conditional Release Act to, among other things,
(a) provide that the Correctional Service of Canada is responsible for implementing any arrangement — approved by the Minister of Public Safety and Emergency Preparedness — entered into by the Commissioner of Corrections and the Canada Border Services Agency with respect to the support that the Service may provide to the Agency to assist in the exercise of certain powers or the performance of certain duties and functions;
(b) control the access of the inmates of a penitentiary to a designated immigrant station adjacent to the penitentiary and the access of the immigration detainees of a designated immigrant station to a penitentiary adjacent to the station; and
(c) provide that, in exigent circumstances, staff members of the Service may provide additional support to detention enforcement officers of the Agency to assist them in the exercise of certain powers or the performance of certain duties and functions.
It also amends the Immigration and Refugee Protection Act to define the term “immigrant station”, to provide that an area of a penitentiary may be an immigrant station only if it is designated under the Corrections and Conditional Release Act and to set out the circumstances under which a person detained under that Act may be detained in a designated immigrant station.
Finally, it provides for the repeal of those amendments on a specified date and includes a transitional provision.
Division 39 of Part 4 contains measures related to public debt and the borrowing of money.
Subdivision A of Division 39 amends the Financial Administration Act to clarify that certain regulations and directions do not apply to contracts related to the borrowing of money entered into by the Minister of Finance.
Subdivision B of Division 39 amends the Borrowing Authority Act to increase the maximum amount of certain borrowings.
Division 40 of Part 4 amends the Trust and Loan Companies Act , the Bank Act and the Insurance Companies Act to require certain financial institutions to make available information respecting diversity among directors and members of senior management.
Division 41 of Part 4 amends the Trust and Loan Companies Act , the Bank Act and the Insurance Companies Act to extend the period during which federal financial institutions governed by those Acts may carry on business.
Division 42 of Part 4 amends the Federal Courts Act to provide that the Federal Court has jurisdiction to hear applications for judicial review of decisions of the Social Security Tribunal on the extension of time to make a request for review or reconsideration under the Canada Disability Benefit Act . It also amends the Tax Court of Canada Act and the Department of Employment and Social Development Act to, among other things, provide the Tribunal with jurisdiction to hear appeals of decisions made under the Canada Disability Benefit Act and require that matters related to income raised in those appeals be referred to the Tax Court of Canada.
Division 43 of Part 4 amends the Controlled Drugs and Substances Act to repeal provisions related to the ministerial power to exempt supervised consumption sites from the application of that Act. It also amends that Act to allow for the making of regulations respecting authorizations for supervised consumption and drug checking services and includes transitional provisions.

Budget Implementation Act, 2024, No. 1

[Rachel Blaney, NDP, North Island—Powell River, BC]

Mr. Speaker, I really appreciate the member's role in our caucus, as well as in this House, with his many years of expertise.

One of the parts he mentioned in his speech that really resonated with me was the realities of climate change and the impacts it has on smaller communities and their economies. I am just wondering if he could talk about some solutions that we could be looking at, instead of giving so many dollars to the oil and gas industry.

[Richard Cannings, NDP, South Okanagan—West Kootenay, BC]

Mr. Speaker, small communities are really at the pointy end of the stick when it comes to climate change and its effects, whether it is through floods or wildfires. We have to mitigate the effects of climate change, that is, get serious about the emissions we put out by bringing them down through every means possible, but we also have to help these small communities adapt to climate change.

Just outside my riding, there are small communities in my area, Princeton, Merritt and Abbotsford, that were devastated by floods, for instance, in 2021. They are still waiting for adequate federal help to pay for the rebuilding of their communities in a way that they will be resilient in the face of future floods or fires. I could go on.

We have to support small communities. They do not have the resources, and we should and could help them.

[Lloyd Longfield, Liberal, Guelph, ON]

Mr. Speaker, maybe we could talk a bit about what was not in the budget: eliminating the price on pollution, as an example, or cutting programs for people who are struggling. We are continuing to invest in Canadians and at the same time fight climate change.

The hon. member had started talking about science. If he could work science and climate change, and our need to invest in that, as well, into his answer, that would be great.

[Richard Cannings, NDP, South Okanagan—West Kootenay, BC]

Mr. Speaker, that sounded a bit like an improv act where one has to talk about a couple of things to bring it in, but I am happy to do that. I sit with the member for Guelph on the science and research committee. Right now, we are studying the effect of climate change in the Arctic and the research that we need to support in the Arctic about that: about how it is affecting people, what we can do about it, and how we can mitigate it. There is so much that needs to be done.

We have all heard about how Canada has to maintain and strengthen its support for Arctic communities, about how we have to work with indigenous groups there, the Inuit, the first nations of the north. We need to invest in infrastructure across the Arctic for that research. We have to invest in logistics support.

There is the polar continental shelf project, which, like the fellowships I mentioned, has been stagnant in funding for many, many years. It is the backbone of Arctic research. We have to maintain and strengthen that.

[Mel Arnold, Conservative, North Okanagan—Shuswap, BC]

Mr. Speaker, the member comes from a beautiful part of the province, but not as beautiful as North Okanagan—Shuswap.

I would like to ask the member what his thoughts are about the $60 billion in additional debt that this budget is going to be passing on to future Canadians. Members in his riding, just the same as in mine and in every riding across the country, are going to be forced to pay the debt and the interest payments, which will now overcome what we actually do in health care transfers to the province. How does he justify passing that debt on to future generations?

[Richard Cannings, NDP, South Okanagan—West Kootenay, BC]

Mr. Speaker, we could talk all night about this. I would simply say that budgets are about choices. There is some increased funding here in this budget. It would go to a dental care plan that would bring dental care to nine million Canadians. For the first time, they would have access to a dentist. All of us here get free dental care, but the Conservatives want to keep that from the rest of Canadians. That is an investment in our health care system that would save us money in the long term. There are many other examples like that.

[Patrick Weiler, Liberal, West Vancouver—Sunshine Coast—Sea to Sky Country, BC]

Mr. Speaker, it is a pleasure to rise in the House this evening to join the debate on the budget implementation act.

As this may be the last time I have the opportunity to rise in this House before the session ends for the summer, I do want to take some time to acknowledge my staff members, who helped me tremendously, allowing me to do the work that I do: Natasha, Norman, Kevin, Donna and Kiran on my constituency side, and Sophie, Edith, Ahdi and Danica helping me on the legislative side. I thank them so much for the incredible work that they do.

I do want to spend a few minutes talking about budget 2024. Particularly, this budget takes some significant steps forward in ensuring that we can get more housing built faster. In my mind, there is perhaps no bigger challenge that we have in the country right now than tackling the housing crisis. This year's budget lays out an ambitious plan that shows how we would build 3.87 million new homes by 2031, which is what we need to do to close the housing gap. This is about building more homes by bringing down the cost of home building, helping cities make it easier to build homes at a faster pace, changing the way Canadian home builders manufacture homes and growing the workforce to ensure that we get the job done. The budget also includes funding for below-market housing.

I have very much seen the impact of these programs already through many of the municipalities, through the housing accelerator fund, speeding up the permitting process for new housing, as well as the federal government supporting the construction of over 1,000 new below-market homes since I was elected in 2019.

The budget also takes some significant steps forward in helping with the high cost of living. There would be $1 billion in additional funding to build new child care spaces. Already, through the federal government's programming, families are saving, on average, $6,600 per child on child care each year in B.C. The budget would also provide additional funding for training of more ECE workers. We are also moving ahead on the first two parts of our pharmacare program, providing free access to contraceptives and diabetes medication, which would make a tremendous difference in the lives of so many Canadians.

This budget also moves ahead with the national school food program, as well as launching the Canada disability benefit, and I will get to those a bit more in a few minutes.

This budget also takes some steps forward in growing the economy in a way that is shared by all. There would be a generational investment in artificial intelligence, which is going to be a huge part of improving productivity in Canada going forward, as well as major investments in research and development, which was just mentioned in the previous intervention. We are also moving forward on a number of investment tax credits that would continue to grow the green economy in Canada, which has already led to Canada's being the largest per capita recipient of foreign direct investment last year.

I do want to highlight a few measures in the budget implementation act, knowing that I will not have time to cover all of them, as this is a 660-page piece of legislation.

With respect to the housing file, there are changes to the Income Tax Act that would now prevent folks from deducting income for short-term rentals in areas where municipalities do not allow them. This would be really important to ensure that those homes go back into the long-term rental pool. The homebuyers' plan withdrawal limit would also be increased from $35,000 to $60,000 to allow people to save for a down payment for their first home, which would be in addition to the first home savings account that we created, which is already allowing Canadians to save $40,000 tax-free in and tax-free out.

There are a number of measures that would make life cost less for Canadians. One that would make a tremendous difference in my riding is doubling the volunteer firefighter tax credit and the search and rescue tax credit for volunteers. As someone who has both Royal Canadian Marine Search and Rescue and normal search and rescue, as well as a number of volunteer firefighter stations in my riding, I know this would make a tremendous difference for folks who put themselves at risk to help us in our most vulnerable times. Therefore, this is a small token of our appreciation for the incredible work that they do.

As I mentioned before, we are moving ahead with a national school food program. We are currently the only G7 country that does not have a national school food program. Through an investment of $1 billion over five years, we would be providing meals for 400,000 children across Canada.

Through measures in this budget, we would be able to start negotiations with provinces, like my own, British Columbia, which has already started on the work to ensure we can pass along these benefits, which are not only going to ensure that children get fed but also save families an estimated $800 per child per year.

This budget also moves ahead with the Canada disability benefit. This is the largest single-line budget item in this budget, which would provide $2,400 tax-free to Canadians living with disabilities. We know these are some of the most vulnerable Canadians who face high costs because of living with a disability, so measures in the budget implementation act would give effect to this benefit.

The budget implementation act would also expand the Canada student loan forgiveness program, which provides student loan forgiveness for professionals to tackle labour shortages in remote and rural areas. As a proud representative of a semi-rural riding, I am pleased that the budget implementation act would offer loan forgiveness to ECE workers, dentists, dental hygienists, pharmacists, midwives, teachers, social workers, personal support workers, physiotherapists and psychologists, in addition to doctors and nurses in all communities in my riding outside metro Vancouver. Up to $60,000 over five years in loan forgiveness is available in some cases. For those in one of these professions, it is yet another reason to consider coming to my riding.

This budget would also cut the excise duty rate on craft brewing, which is 90% of brewers in Canada. It would make a big difference for those businesses and their customers as well.

This budget would also drive inclusive growth. We are moving ahead with a number of investment tax credits, including for green hydrogen and clean manufacturing, as well as the extension of the mineral exploration tax credit, which would ensure that we can find the critical minerals that we need and use those critical minerals in the value chain to build the technologies we are going to need to decarbonize, as well as to produce the green hydrogen that we are going to need in a number of sectors, like heavy transportation, where electrification will not work.

I also want to mention that this budget would make a number of legislative changes to improve Canada's anti-money laundering and anti-terrorist financing regime. In fact, in every budgetary bill, both the budget and the fall economic statement, since I was elected in 2019, we have made legislative amendments to improve this regime, in addition to investing close to $375 million to ensure we can better combat financial crimes. The budget implementation act would expand coverage under this regime to tackle more high-risk areas, like cheque-cashing businesses, leasing and financing companies and others. It would also allow businesses that report under this regime, like banks, to communicate with each other while maintaining privacy regulations. This is very important as we know we are dealing with very complex matters that would require that sharing of information, provided that we do it in a safe way. Lastly, we would allow FINTRAC to communicate directly with civil forfeiture offices. This is very important because it would make it much easier to seize assets, ill-gotten gains, where it is very difficult at times to prove at a criminal level.

I want to mention a couple of things that I would like to have seen in the BIA that were not included. Number one, while we do make some important changes to the underused housing tax, there are more areas that we need to address. As an example, in my riding, there are areas that municipalities zone to prevent people from being long-term renters. The areas are zoned to be short-term rentals, where foreign direct investment was sought after to build up the bed capacity. We need to take into account examples like this to create exemptions.

Lastly, we made a number of changes to the Impact Assessment Act in this budget implementation act to respond to the Supreme Court of Canada case. I believe we may have gone a little too far and were too cautious in those changes, such that we have created gaps in our environmental assessment regime. My suggestion is that in the fall economic statement, these are two areas we should look at to make sure we improve them going forward.

[Dean Allison, Conservative, Niagara West, ON]

Mr. Speaker, I know my colleague's intentions are sincere.

The challenge with the government is that it has no problem making promises it has no intention of ever delivering on. What does 3.9 million homes over the next seven years amount to? It is about half a million homes a year. We built 240,000 homes last year.

Could the hon. member tell us how on earth he expects us to get to 3.9 million homes?

[Patrick Weiler, Liberal, West Vancouver—Sunshine Coast—Sea to Sky Country, BC]

Mr. Speaker, as I mentioned in my speech, this is perhaps one of the largest challenges that we have in the country.

We cannot keep building houses the way that we are building them right now. I can give an example from my riding. A company called Nexii is building homes in a factory sense. If we can prefabricate homes and then assemble them on site, that is one way of increasing the productivity in that space. It is something that we need to do. We need to get more people to work in trades to build more homes. That is part of the challenge.

Through the budget, we are now expanding funding through the housing accelerator fund to speed up the permitting at the local level. We need to work very closely with municipalities and provinces. I am very fortunate with my province of British Columbia. We have a great working relationship.

We need to make sure that we have the density as-of-right, and that we are working together, rowing in the same direction, because it is a tremendous challenge that we need to be able to solve as a country.

[Rachel Blaney, NDP, North Island—Powell River, BC]

Mr. Speaker, the hon. member is my neighbour, and it is always good to see him here in the House.

My question is around the disability supports. We know that the NDP has been fighting desperately for a long time, along with a lot of advocates for the disability community, talking about the high level of poverty and the reality that so many are slipping through cracks that we should be filling.

It was very disappointing to see the Liberal government not put forward something more substantive, but instead, something that will keep people in poverty rather than lifting them from it.

I am just wondering if he has heard the same thing, like I have from my constituents, that this is a significant concern, and they expect to see more.

[Patrick Weiler, Liberal, West Vancouver—Sunshine Coast—Sea to Sky Country, BC]

Mr. Speaker, this is a tremendous step forward in this budget, creating the Canada disability benefit. To have $2,400 each year, tax-free, going to individuals living with a disability makes a huge difference in people's lives. Again, we are talking about some of the most vulnerable Canadians. This is moving ahead with something that was committed to in the 2021 platform for my party.

Can we do more? Absolutely. There is more we can do to make life more affordable for all Canadians, but particularly some of the most vulnerable. This is just one such measure in this budget.

We are also moving ahead with providing a dental care plan for low-income Canadians, as well as a lot of the investments in housing and pharmacare. Collectively, these are a lot of the measures that we are taking to make life more affordable, in addition to the Canada disability benefit, which I think is already going to make a tremendous difference in people's lives.

[Louise Chabot, Bloc, Thérèse-De Blainville, QC]

Mr. Speaker, I am going to continue in the spirit of my colleague's question on the Canada disability benefit. The Bloc Québécois criticized one thing in this bill, and that is the fact that the rules, the eligibility requirements and the benefit level were all to be determined by regulation.

The government used the budget to announce a benefit amount that we feel is insufficient, and it did this without having tabled the regulations as planned. What can my colleague tell us about that?

[Patrick Weiler, Liberal, West Vancouver—Sunshine Coast—Sea to Sky Country, BC]

Mr. Speaker, as I said to my other colleague, this is a very important program to support Canadians who are in very challenging situations.

We also need to work with the provinces to implement this program. We need to make sure that this program will take effect and that the provinces will not use the money that is to be used for this program for other purposes. There are a number of things we need to do to ensure this program works well.

[James Bezan, Conservative, Selkirk—Interlake—Eastman, MB]

Mr. Speaker, I am honoured to stand today and talk on Bill C-69, the budget implementation act, or as I prefer to call it, “the economic vandalism act”.

This is a budget that continues to build upon the inflationary deficits that Canadians are struggling to deal with. The government's spending continues to be out of control. First it was borrowing money, then it was printing money, and now it is going to continue to dip into the pockets of Canadians and raise taxes so it has money to spend on all its crazy ideas and programs.

We know the Liberals have gotten no results the entire time they have been in government. For the past nine years, we have witnessed rent double. We have witnessed the cost of a mortgage double and the cost of a down payment double. Our children and grandchildren will not have the opportunity that we did to own a home and to move ahead in life because of the out-of-control spending of the Liberal-NDP government.

We have a deficit this year that is going to be over $40 billion. It has been described as the worst budget since 1982. Who said that? The former, Liberal-appointed Bank of Canada Governor, David Dodge.

We have witnessed that Canada has the worst living standards in 40 years according to the Fraser Institute. We have also seen, under the Liberal-NDP government, that we have had the worst growth in GDP, or income per person, since the 1930s. Nine in 10 middle-class families are paying more in income tax today than they were nine years ago.

We have a situation that is increasing and is hurting everyone. In my riding of Selkirk—Interlake—Eastman, it is hitting everybody. Our farmers are struggling with increased carbon taxes that have gone up 23% and they now have to deal with the capital gains tax, and that is really starting to take a bite.

We can look at how farms have been structured, family farms, over the last number of years. I come from a farm family. My daughter and son-in-law are grain farmers. I have two brothers who are farmers. They put hard work and effort into growing their properties. They want to make sure that there is something to pass on to the next generation, which is the same thing that my father did for his children, and that is at risk.

To make things more manageable, people have formed their family farms into limited corporations. Our doctors, our dentists and our chiropractors, especially in rural areas, have set themselves up into limited liability partnerships and corporations. Those limited corporations pay out capital gains. Of course, now these capital gains are all going to get taxed by the Liberal-NDP coalition by up to 67%.

This is not a tax on the wealthy. This is a tax on the hard-working people who feed us, take care of us and take care of our health. All of them are going to be attacked and become either less profitable or be forced to relocate to jurisdictions like the United States where it is easier to make a living without having to work as hard. I have had doctors and dentists tell me that they are going to work fewer hours because of the income tax implications with the capital gains tax grab by the Liberals and the Minister of Finance.

This is also hitting cottage owners and those who have secondary residences, whether they bought a property for rental income or they bought a home that they hope to pass on to their children. Now, when they go to sell those properties, they are going to get nailed with this capital gains tax that they did not expect. There is a word for this. When somebody takes something away from another that they never deserved, it is called highway robbery. That is the economic vandalism that we are talking about here by the Liberal-NDP coalition.

As the shadow minister for national defence, I do want to switch gears and talk about how this budget does not support, in any way, shape or form, the even less ambitious defence policy update. The defence policy update had some ideas, but all the spending, especially in this budget, has been kicked down the road until after the next federal election. We are talking three, four or five years down the road before we see any increase in spending for national defence to support our troops.

At the national defence committee today, we actually had one of our witnesses say that the defence policy update is a national “embarrassment” that fails to recognize the threat environment we are in and that, technically, Canada is already “at war”.

We are witnessing what is happening in Ukraine. We have had increased escalation in the conflict in the South China Sea between the PRC and the Philippines, plus what we are seeing in Taiwan. This defence policy update fails to recognize those threats. All the money that has supposedly been promised is kicked down the road.

As a case in point, we have a retention and recruitment crisis happening in the Canadian Armed Forces. One thing that we identified is the lack of housing. The Minister of National Defence even said that we are short 6,700 residential housing units for our troops. We have troops who are living homeless and actually couch surfing. They are living in campers or in their cars. Worse yet, they are stuck in these tent cities that have sprung up across the country over the last nine years under the Liberal government.

Even though the government recognizes that we need more homes for our current serving members of the Canadian Armed Forces, the budget has zero dollars for new housing for our troops. It has zero dollars next year. There is only $8 million in the budget in three years' time, which does not build 6,700 housing units. Eight million dollars will not build, in today's dollars, 24 homes. Again, that is a national embarrassment. We have people who are serving this country but cannot house themselves properly, and the government and the defence minister fail to recognize that we have to support our troops. Therefore, we have a retention and recruitment crisis, and the defence policy update gives no idea of how we are going to increase our troop strength. We are 17,000 troops short today, and it could get worse if this is not rectified soon.

We have a housing shortage and, of course, we have no money to put into new houses. As we heard today again at committee, we have an army that the government has no plan to get new kit for so that it can become the expeditionary force we have come to rely on as Canadians.

A case in point on how the government does not take our forces seriously and puts them in awkward positions is the news we heard just this weekend that the Canadian Armed Forces, through the Royal Canadian Navy, positioned one of our Arctic offshore patrol vessels in Havana, Cuba, for a celebration of the Communist dictatorship there. It is docked alongside Russian navy destroyers. Why would we want to use the Royal Canadian Navy to liaise with a hostile dictatorship in Cuba and an aggressive country that is invading Ukraine today?

We know that Cubans are serving in the Russian armed forces today and fighting in Ukraine. Cuba has actually sent troops to Belarus to train alongside Russian and Belarusian soldiers so that they can invade Ukraine again from the north. This is a national embarrassment and, again, speaks to the fact that the government does not have a plan when it comes to supporting our troops. Instead, it uses them for photo ops with Communist dictatorships rather than supporting our allies in fighting back against the evil that is occurring around the world.

We have frigates that cannot be deployed on as frequent a basis. We no longer have destroyers. We no longer have any of our own supply ships. They are slowly coming, and we have the Asterix out there, of course, which we ordered when we were in government. However, we do not have the same reach in the navy that we used to.

When we look at Ukraine, our government, again, continues to dither and delay in delivering. It announced 18 months ago that NASAMS was going to be sent to Ukraine, and it is still not there. The Liberals finally announced that we were sending 2,000 CRV7 rockets, but guess what, Mr. Speaker? We asked back in February to send the 83,000 we had, not 2,000.

We will continue to put pressure on the government to do the right thing for Ukraine, for the Canadian Armed Forces and for rural Canadians from coast to coast to coast.

[Ryan Turnbull, Liberal, Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance and to the Minister of Innovation]

Mr. Speaker, I had a very hard time listening to the member referencing support for Ukraine in his speech. He stood up multiple times in the House and voted against more support for Operation Unifier, support for Ukrainian refugees coming to Canada and an updated free trade agreement between Canada and Ukraine, which President Zelenskyy himself asked us to pass. I cannot understand.

The BIA has additional support for Ukraine, in terms of using seized Russian assets. We just heard an announcement that the Prime Minister made at the G7 to support Ukraine with additional funds.

How can the member honestly criticize our government when he cannot stand up for Ukraine?