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.

Bill C-69—Time Allocation Motion

[Rick Perkins, Conservative, South Shore—St. Margarets, NS]

Mr. Speaker, we request a recorded division.

[The Deputy Speaker, Chris d'Entremont]

Call in the members.

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

Vote #761

Budget Implementation Act, 2024, No. 1

[The Speaker, Greg Fergus]

I declare the motion carried.

The hon. parliamentary secretary is rising on a point of order.

[Kevin Lamoureux, Liberal, Winnipeg North, MB]

Mr. Speaker, if you were to canvass the House, I suspect would find unanimous consent to allow the 17 statements by members before question period.

[The Speaker, Greg Fergus]

Is that agreed?

[Some hon. members]

Agreed.

The House resumed from May 8 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 second time and referred to a committee, and of the amendment.

[Salma Zahid, Liberal, Scarborough Centre, ON]

Madam Speaker, it is a privilege today to rise to speak to the 2024 budget. It is a plan to build more homes faster, help make life cost less and grow the economy in a way that helps every generation get ahead. When I talk to my constituents in Scarborough Centre, they tell me that they want to see our government work to ensure fairness for every generation, including for the youth just finishing school and ready to enter the world, for the families trying to get by and save for the future, and for the seniors looking to live the dignified retirement they have worked so hard for. That is the goal of this budget: growth that lifts everyone up and fairness for every generation.

Let us start with housing. It is consistently the number one priority of my constituents. I will admit our government has not always gotten this right. Successive governments from both parties and at all levels of government, including cities, provinces and the federal government, have failed to work together on housing with the seriousness this issue deserves. That is why we are in a housing crisis in Canada. It is a crisis that impacts every generation. Young people are moving back home after college or university because they cannot afford to move out on their own, homeowners are worried about keeping their homes when their mortgages are up for renewal and seniors are trying to either age at home with dignity or find assisted living that meets both their needs and their budgets.

Inaction in the past does not mean we should not act today. We must act on housing and this budget lays down the federal gauntlet in a serious way with an ambitious plan to unlock 3.87 million homes by 2031. If we are going to do it, we will need to work together, and the federal government is ready to do its share and then some. We would invest $1.5 billion in the Canada rental protection fund to help affordable housing providers acquire units and preserve rents at a stable level for decades to come, preventing those units from being redeveloped into out-of-reach condos or luxury rental units.

The $6-billion Canada housing infrastructure fund would accelerate the construction and upgrading of housing, enabling water, waste-water, storm-water and solid-waste infrastructure that would directly enable new housing supply and help improve densification. More money would be available to cities that legalize more housing zoning for smart density and more missing middle homes. We would leverage the $55-billion apartment construction loan program to partner with provinces to build more rental housing across the country. Provinces would need to make their own investments, cut red tape to begin building faster, and agree to expand protections and rights for renters in order to access federal funding. Solving the housing crisis requires a team Canada approach. Working with the provinces, we are creating the Canadian renters' bill of rights to protect renters from unfair practices, make leases simpler and increase price transparency as well as crack down on renovictions, introduce a nationwide standard lease agreement and require landlords to disclose historical rent prices of the apartments.

We are taking action to make it easier for homeowners to increase Canada's supply of housing by adding additional suites to their home. The new Canada secondary suite loan program would enable homeowners to access up to $40,000 in low-interest loans to add secondary suites to their homes.

More homes need to be built closer to the services that Canadians count on. Transit that is more accessible and reliable means Canadians can spend more time with their friends and family members. It is crucial that all orders of government work together to achieve this. Any community seeking to access long-term, predictable funding through the federal government's permanent public transit fund would be required to take action that directly unlocks housing supply where it is needed most, by eliminating mandatory parking requirements and allowing high-density housing within 800 metres of a high-frequency transit line.

These are just a few of the concrete measures, backed by real dollars, that we are taking to jump-start housing in Canada. We are ready to work with the provinces and cities that are ready to get serious on housing, and we are ready to take on the gatekeepers if they stand in our way.

However, we need to do more than just focus on housing. Affordability is impacting all facets of life in Canada and around the world, and we are taking action. In Scarborough and in many communities across Canada, many children are going to school hungry. It is hard to learn on an empty stomach. Our next generation deserves the best possible start in their lives. That is why we are launching the national school food program to help 400,000 more kids get the food they need through existing school food programs.

Our child care program is saving families thousands of dollars every year, but there still are not enough child care spaces. We will help public and not-for-profit child care providers to build more child care spaces and renovate existing centres. We are investing $8 billion to build more child care spaces, offering student loan forgiveness for rural and remote early childhood educators and training more early childhood educators.

We are taking action to help seniors on a number of important fronts. Since 2017, we have invested $11.8 billion in long-term care and community care, but more action is needed to keep our seniors safe. We will introduce a safe long-term care act to support new national long-term care standards to help ensure safe, reliable and high-quality care and improve infection prevention and control practices. The old age security program, which includes the OAS pension, GIS and other allowances, is the government's largest program. It will provide $80.6 billion to more than seven million seniors in the year 2024-25. Old age security annual program expenditures are projected to grow by close to 24% to almost $100 billion by 2028-29 for Canadian seniors.

Oral health care is an important part of overall health care, and we are rolling out the Canadian dental care plan, starting with Canadian seniors. Since May 1, more than 50,000 Canadian patients have accessed care through the CDCP, and more than 9,000 dental care professionals have signed up to provide care. This program will improve health outcomes and save money for Canadians, starting with our seniors.

We have introduced legislation to help make essential medications more accessible and more affordable for Canadians. The budget includes $1.5 billion to support the launch of the national pharmacare plan. The first phase will ensure the effective rollout of pharmacare by providing immediate support for health care needs of women as well as people with diabetes. More areas will be added very soon.

Budget 2024 is a plan to take bold action to build more homes faster, help make life cost less and grow the economy in a way that is shared by all. This year's budget would drive our economy toward growth that lifts everyone up, because that is fairness for every generation.

[Rick Perkins, Conservative, South Shore—St. Margarets, NS]

Madam Speaker, I listened intently to the member's speech, but I did not hear any explanation from that member as to why, as the first speaker, she thought it was appropriate that time allocation be put on the budget bill on a half a trillion dollars of spending, limiting debate before it even starts. I would like her to explain to this House, if she could, why she thinks that not having sufficient debate on this spending is a good idea.

[Salma Zahid, Liberal, Scarborough Centre, ON]

Madam Speaker, it is a budget for fairness for every generation. It is really very important that Canadians are looking to all of us to come together and make decisions that will help build more houses faster. Action needs to be taken today, and many Canadians are relying on us, so it is really very important that we put our partisan politics aside and make sure that the implementation of the budget starts as soon as possible, so that Canadians can start seeing the results. We can start building housing; we can make sure that the kids do not go hungry at school. This budget would help 400,000 kids get food during these food programs.

[Mario Beaulieu, Bloc, La Pointe-de-l'Île, QC]

Madam Speaker, I congratulate my colleague on her speech.

Earlier, during oral question period, we heard the Deputy Prime Minister and Minister of Finance tell us how important the Quebec nation and the French language in Quebec are for her.

However, there is nothing in the budget to subsidize French. From 1995 to 2002, I found that 94% of funding of official languages in Quebec went to support English. Furthermore, in the action plan for official languages 2023-28, it is the same thing, with 94% of the money going to supporting English.

I know that my colleague believes in people's right to self-determination. In her opinion, should the federal government not stop using official languages funding to undermine Quebec’s self-determination?

[Salma Zahid, Liberal, Scarborough Centre, ON]

Madam Speaker, I want to highlight that in Bill C-13 there are major investments for the French language. Within the 2024 budget, we are here to support Quebec by investing $3.4 billion to support young researchers in Canada and in Quebec, $1.28 billion to fight homelessness and $1.5 billion to protect and to expand affordable housing. These are some of the measures being taken in this to make sure there is help to support Quebec.

[Bonita Zarrillo, NDP, Port Moody—Coquitlam, BC]

Madam Speaker, we know economists have been saying for years that there is going to be a need for more rental housing. The capitalist society realized this very quickly, and corporations started buying up more affordable apartment buildings. I think about REITs and about one specific REIT, Boardwalk, which recently made its profit announcement. It talked about the fact that it is using CMHC funding and is taking advantage of low interest rates through CMHC that average Canadians do not have access to.

My question to the member is this: Why is the Liberal government continuing to put the needs of corporate Canada ahead of people who need a place to rent?

[Salma Zahid, Liberal, Scarborough Centre, ON]

Madam Speaker, I really want to thank the hon. member for her question and for making sure that we have more rental units available here in Canada.

Rental units are really very important and our government is doing its best to make sure that we see the construction of more rental units. That is why we will leverage the $55 billion apartment construction loan program to partner with provinces to build more rental housing across the country. Rental units, for sure, are really very important, and we have taken many initiatives to make sure that there is a greater stock of rental units in Canada.