Budget Implementation Act, 2024, No. 1

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

Sponsor

Status

This bill has received Royal Assent and is, or will soon become, law.

Summary

This is from the published bill. The Library of Parliament has also written a full legislative summary of the bill.

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 Firstread more

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-69s:

C-69 (2018) Law An Act to enact the Impact Assessment Act and the Canadian Energy Regulator Act, to amend the Navigation Protection Act and to make consequential amendments to other Acts
C-69 (2015) Penalties for the Criminal Possession of Firearms Act
C-69 (2005) An Act to amend the Agricultural Marketing Programs Act

Votes

June 19, 2024 Passed 3rd reading and adoption of Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024
June 18, 2024 Passed Concurrence at report stage of Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024
June 18, 2024 Failed Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (report stage amendment) (Motion No. 154)
June 18, 2024 Failed Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (report stage amendment) (Motion No. 148)
June 18, 2024 Failed Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (report stage amendment) (Motion No. 146)
June 18, 2024 Failed Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (report stage amendment) (Motion No. 142)
June 18, 2024 Failed Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (report stage amendment) (Motion No. 130)
June 18, 2024 Failed Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (report stage amendment) (Motion No. 79)
June 18, 2024 Failed Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (report stage amendment) (Motion No. 49)
June 18, 2024 Failed Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (report stage amendment) (Motion No. 46)
June 18, 2024 Failed Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (report stage amendment) (Motion No. 44)
June 18, 2024 Failed Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (report stage amendment) (Motion No. 42)
June 18, 2024 Failed Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (report stage amendment) (Motion No. 39)
June 18, 2024 Failed Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (report stage amendment) (Motion No. 38)
June 18, 2024 Failed Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (report stage amendment) (Motion No. 34)
June 18, 2024 Failed Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (report stage amendment) (Motion No.32)
June 18, 2024 Failed Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (report stage amendment) (Motion No. 1)
June 17, 2024 Passed Time allocation for Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024
May 22, 2024 Passed 2nd reading of Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024
May 22, 2024 Failed 2nd reading of Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 (reasoned amendment)
May 21, 2024 Passed Time allocation for Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024

Budget Implementation Act, 2024, No. 1Government Orders

June 18th, 2024 / 7:50 p.m.

The Assistant Deputy Speaker Carol Hughes

We cannot hear what the hon. member is saying because there are people who are participating in the debate when they should not be. I hope that people will follow the rules of the House and refrain from talking when someone else has the floor.

The hon. member for Saint-Jean.

Translated

Budget Implementation Act, 2024, No. 1Government Orders

June 18th, 2024 / 7:50 p.m.

Bloc

Christine Normandin Bloc Saint-Jean, QC

Madam Speaker, my colleague began his speech by talking about the importance of balancing the budget and cutting the government's unnecessary spending.

Bill C‑69 includes a nice oil subsidy for so-called green hydrogen. It is a tax credit of 15% to 40%. Last year, the federal deficit was about $40 billion. The subsidies and tax credits for oil companies totalled about $30 billion. We could reduce the federal deficit by 75% in one fell swoop.

Is that not something interesting for my colleague to think about?

Translated

Budget Implementation Act, 2024, No. 1Government Orders

June 18th, 2024 / 7:50 p.m.

Conservative

Dan Albas Conservative Central Okanagan—Similkameen—Nicola, BC

Madam Speaker, it is important to know whether the Bloc Québécois plans to vote for or against the government and the bill. The Bloc Québécois member has a choice. She must decide whether the budget and the Prime Minister are acceptable and balanced for Canadians.

It is important to note that the Conservative Party is voting against the government. We do not trust the Prime Minister or the Minister of Finance. I will never support the bill we are currently discussing.

Translated

Budget Implementation Act, 2024, No. 1Government Orders

June 18th, 2024 / 7:50 p.m.

NDP

Peter Julian NDP New Westminster—Burnaby, BC

Madam Speaker, I like my colleague, but he said that he has never seen a budget with such a negative response. I remember the terrible, horrible, no-good, very bad Harper budget of 2012, and my colleague should too. It gutted veteran services, gutted health care, forced seniors to work years longer in their lives and gave tens of billions of dollars in handouts to banks, billionaires, and oil and gas CEOs. Conservative financial management is an oxymoron.

I like my colleague a lot, but how could he possibly not apologize for that extraordinarily bad budget and the terrible financial management of the Harper years?

As spoken

Budget Implementation Act, 2024, No. 1Government Orders

June 18th, 2024 / 7:55 p.m.

Conservative

Dan Albas Conservative Central Okanagan—Similkameen—Nicola, BC

Madam Speaker, I am happy the member from the NDP raised the subject of choices and what is worthy of support. I spoke to a constituent who could not believe that the NDP supported the budget implementation act last year, because it made big changes to natural health products and their regulations. They cannot understand why the NDP would support the Minister of Health to put in place a regime that is going to see less consumer choice and more expensive natural health products.

I would love for the member to start looking through the budget implementation act as he probably did with Mr. Harper's budget. I would also like to see the NDP start standing up to the Prime Minister and the government's terrible bills.

As spoken

Budget Implementation Act, 2024, No. 1Government Orders

June 18th, 2024 / 7:55 p.m.

The Assistant Deputy Speaker Carol Hughes

Is the House ready for the question?

Translated

Budget Implementation Act, 2024, No. 1Government Orders

June 18th, 2024 / 7:55 p.m.

Some hon. members

Question.

Translated

Budget Implementation Act, 2024, No. 1Government Orders

June 18th, 2024 / 7:55 p.m.

The Assistant Deputy Speaker Carol Hughes

The question is on the motion.

If a member participating in person wishes that the motion be carried or carried on division, or if a member of a recognized party participating in person wishes to request a recorded division, I would invite them to rise and indicate it to the Chair.

Partially translated

Budget Implementation Act, 2024, No. 1Government Orders

June 18th, 2024 / 7:55 p.m.

Conservative

Alex Ruff Conservative Bruce—Grey—Owen Sound, ON

Madam Speaker, I request a recorded vote.

As spoken

Budget Implementation Act, 2024, No. 1Government Orders

June 18th, 2024 / 7:55 p.m.

The Assistant Deputy Speaker Carol Hughes

Pursuant to Standing Order 45, the division stands deferred until Wednesday, June 19, at the expiry of the time provided for Oral Questions.

As spoken

The House resumed from June 18 consideration of the motion that Bill C-69, An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024, be read the third time and passed.

Budget Implementation Act, 2024, No. 1Government Orders

June 19th, 2024 / 3:35 p.m.

The Speaker Greg Fergus

It being 3.34 p.m., the House will now proceed to the taking of the deferred recorded division on the motion at the third reading stage of Bill C-69.

Call in the members.

As spoken

(The House divided on the motion, which was agreed to on the following division:)

Vote #847

Budget Implementation Act, 2024, No. 1Government Orders

June 19th, 2024 / 3:50 p.m.

The Speaker Greg Fergus

I declare the motion carried.

(Bill read the third time and passed)

Translated