Pursuant to order made on Thursday, November 25, 2021, the division stands deferred until Thursday, February 10, 2022, at the expiry of the time provided for Oral Questions.
Chrystia Freeland Liberal
This bill has received Royal Assent and is, or will soon become, law.
This is from the published bill. The Library of Parliament often publishes better independent summaries.
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.
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.
Economic and Fiscal Update Implementation Act, 2021Government Orders
February 9th, 2022 / 5:55 p.m.
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Liberal
The Assistant Deputy Speaker (Mrs. Alexandra Mendès) Liberal Alexandra Mendes
Pursuant to order made on Thursday, November 25, 2021, the division stands deferred until Thursday, February 10, 2022, at the expiry of the time provided for Oral Questions.
Economic and Fiscal Update Implementation Act, 2021Government Orders
February 9th, 2022 / 5:55 p.m.
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Liberal
Kevin Lamoureux Liberal Winnipeg North, MB
Madam Speaker, if you canvass the House, you might find unanimous consent to call it 6:44 p.m. so we can get to the take-note debate.
Economic and Fiscal Update Implementation Act, 2021Government Orders
February 9th, 2022 / 5:55 p.m.
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Liberal
The Assistant Deputy Speaker (Mrs. Alexandra Mendès) Liberal Alexandra Mendes
It is now the late show, to adjourn.
Does the hon. member have unanimous consent?
Economic and Fiscal Update Implementation Act, 2021Government Orders
February 9th, 2022 / 5:55 p.m.
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Some hon. members
Agreed.