Economic and Fiscal Update Implementation Act, 2021

An Act to implement certain provisions of the economic and fiscal update tabled in Parliament on December 14, 2021 and other measures

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 amends the Income Tax Act and the Income Tax Regulations in order to
(a) introduce a new refundable tax credit for eligible businesses on qualifying ventilation expenses made to improve air quality;
(b) expand the travel component of the northern residents deduction by giving all northern residents the option to claim up to $1,200 in eligible travel expenses even if the individual has not received travel assistance from their employer;
(c) expand the School Supplies Tax Credit from 15% to 25% and expand the eligibility criteria to include electronic devices used by eligible educators; and
(d) introduce a new refundable tax credit to return fuel charge proceeds to farming businesses in backstop jurisdictions.
Part 2 enacts the Underused Housing Tax Act . This Act implements an annual tax of 1% on the value of vacant or underused residential property directly or indirectly owned by non-resident non-Canadians. It sets out rules for the purpose of establishing owners’ liability for the tax. It also sets out applicable reporting and filing requirements. Finally, to promote compliance with its provisions, this Act includes modern administration and enforcement provisions aligned with those found in other taxation statutes.
Part 3 provides for a six-year limitation or prescription period for the recovery of amounts owing with respect to a loan provided under the Canada Emergency Business Account program established by Export Development Canada.
Part 4 authorizes payments to be made out of the Consolidated Revenue Fund for the purpose of supporting ventilation improvement projects in schools.
Part 5 authorizes payments to be made out of the Consolidated Revenue Fund for the purpose of supporting coronavirus disease 2019 (COVID-19) proof-of-vaccination initiatives.
Part 6 authorizes the Minister of Health to make payments of up to $1.72 billion out of the Consolidated Revenue Fund in relation to coronavirus disease 2019 (COVID-19) tests. It also sets out reporting requirements for the Minister of Health.
Part 7 amends the Employment Insurance Act to specify the maximum number of weeks for which benefits may be paid in a benefit period to certain seasonal workers.

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.

Votes

May 4, 2022 Passed 3rd reading and adoption of Bill C-8, An Act to implement certain provisions of the economic and fiscal update tabled in Parliament on December 14, 2021 and other measures
May 4, 2022 Failed Bill C-8, An Act to implement certain provisions of the economic and fiscal update tabled in Parliament on December 14, 2021 and other measures (recommittal to a committee)
May 4, 2022 Failed 3rd reading and adoption of Bill C-8, An Act to implement certain provisions of the economic and fiscal update tabled in Parliament on December 14, 2021 and other measures (subamendment)
May 2, 2022 Passed Concurrence at report stage of Bill C-8, An Act to implement certain provisions of the economic and fiscal update tabled in Parliament on December 14, 2021 and other measures
May 2, 2022 Failed Bill C-8, An Act to implement certain provisions of the economic and fiscal update tabled in Parliament on December 14, 2021 and other measures (report stage amendment)
April 28, 2022 Passed Time allocation for Bill C-8, An Act to implement certain provisions of the economic and fiscal update tabled in Parliament on December 14, 2021 and other measures
Feb. 10, 2022 Passed 2nd reading of Bill C-8, An Act to implement certain provisions of the economic and fiscal update tabled in Parliament on December 14, 2021 and other measures

Economic and Fiscal Update Implementation Act, 2021Government Orders

May 3rd, 2022 / 3:55 p.m.


See context

Liberal

Chris Bittle Liberal St. Catharines, ON

Madam Speaker, I request a recorded division.

Economic and Fiscal Update Implementation Act, 2021Government Orders

May 3rd, 2022 / 3:55 p.m.


See context

The Assistant Deputy Speaker Carol Hughes

Pursuant to order made on Thursday, November 25, 2021, the recorded division stands deferred until Wednesday, May 4, 2022, at the expiry of the time provided for Oral Questions.

The House resumed from May 3, 2022, consideration of the motion that Bill C-8, An Act to implement certain provisions of the economic and fiscal update tabled in Parliament on December 14, 2021 and other measures, be read the third time and passed, of the amendment, and of the amendment to the amendment.

Economic and Fiscal Update Implementation Act, 2021Government Orders

May 4th, 2022 / 3:50 p.m.


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The Deputy Speaker Chris d'Entremont

It being 3:50 p.m., pursuant to order made on Thursday, November 25, 2021, the House will now proceed to the taking of the deferred recorded division on the sub-amendment to the amendment on the motion at third reading of Bill C-8.

Call in the members.

(The House divided on the amendment to the amendment, which was negatived on the following division:)

Vote #73

Economic and Fiscal Update Implementation Act, 2021Government Orders

May 4th, 2022 / 4:15 p.m.


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The Deputy Speaker Chris d'Entremont

I declare the subamendment defeated.

The next question is on the amendment.

If a member of a recognized party present in the House wishes to request a recorded division or that the amendment be adopted on division, I would invite them to rise and indicate it to the Chair.

The hon. House leader for the official opposition.

Economic and Fiscal Update Implementation Act, 2021Government Orders

May 4th, 2022 / 4:20 p.m.


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Conservative

John Brassard Conservative Barrie—Innisfil, ON

Mr. Speaker, I request a recorded division.

(The House divided on the amendment, which was negatived on the following division:)

Vote #74

Economic and Fiscal Update Implementation Act, 2021Government Orders

May 4th, 2022 / 4:30 p.m.


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The Deputy Speaker Chris d'Entremont

I declare the amendment defeated.

The next question is on the main motion.

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

The hon. opposition House leader.

Economic and Fiscal Update Implementation Act, 2021Government Orders

May 4th, 2022 / 4:30 p.m.


See context

Conservative

John Brassard Conservative Barrie—Innisfil, ON

Mr. Speaker, we request a recorded vote.

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

Vote #75

Economic and Fiscal Update Implementation Act, 2021Government Orders

May 4th, 2022 / 4:40 p.m.


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The Deputy Speaker Chris d'Entremont

I declare the motion carried.

(Bill read the third time and passed)