Budget 2025 Implementation Act, No. 1

An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025

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) expanding the rollover for small business corporation shares;
(b) expanding the list of expenses recognized under the Disability Supports Deduction;
(c) exempting the Canada Disability Benefit from income;
(d) aligning the taxation of investment income and active business income earned and distributed by controlled foreign affiliates with the rules that currently apply to Canadian-controlled private corporations;
(e) extending the deadline for making certain charitable donations eligible for tax support in the 2024 tax year;
(f) increasing the limit under the Lifetime Capital Gains Exemption so that it applies on up to $1.25 million of eligible capital gains, applicable to dispositions that occur on or after June 25, 2024, with indexation of the limit to resume in 2026;
(g) exempting the first $10 million in capital gains on the sale of a business to a worker cooperative and amending the corresponding exemption for sales to an employee ownership trust;
(h) removing the tax-indifferent investor exception to the synthetic equity arrangement anti-avoidance rule;
(i) improving the efficiency of the Home Accessibility Tax Credit;
(j) implementing the Personal Support Workers Tax Credit;
(k) enhancing the SR&ED program by increasing the annual expenditure limit and taxable capital phase-out thresholds for the enhanced 35% SR&ED credit, extending the enhanced credit to eligible Canadian public corporations and restoring the eligibility of SR&ED capital expenditures;
(l) extending the Mineral Exploration Tax Credit for individuals who invest in eligible mining flow-through shares for two years to March 31, 2027 at the current rate of 15%;
(m) expanding the eligibility of the Critical Mineral Exploration Tax Credit to bismuth, cesium, chromium, fluorspar, germanium, indium, manganese, molybdenum, niobium, phosphate, tantalum, tin and tungsten;
(n) amending the Canada Carbon Rebate for Small Businesses;
(o) extending the full credit rates for the Carbon Capture, Utilization and Storage investment tax credit to 2035;
(p) expanding the eligibility for the clean technology investment tax credit to support the generation of electricity and heat from waste biomass;
(q) expanding the eligibility for the clean technology manufacturing investment tax credit to investments in eligible polymetallic projects and to additional qualifying materials;
(r) providing a refundable investment tax credit to qualifying corporations and trusts for investments in certain clean electricity property;
(s) amending the alternative minimum tax to exempt certain trusts for the benefit of Indigenous groups;
(t) precluding a corporation from qualifying as a mutual fund corporation where it is controlled by or for the benefit of a corporate group;
(u) extending the period during which agricultural cooperatives can distribute tax-deferred patronage dividends paid in shares to their members until the end of 2030;
(v) narrowing the rules related to reporting by trusts;
(w) providing the Minister of National Revenue with the authority to waive the withholding requirement for payments to certain non-resident service providers;
(x) allowing the sharing of information for the purposes of administering and enforcing the Canada Labour Code as it relates to the misclassification of employees;
(y) reforming Canada’s transfer pricing rules;
(z) reinstating the accelerated investment incentive and immediate expensing for certain qualifying assets;
(z.1) providing an accelerated capital cost allowance of 10% for new eligible purpose-built rental projects;
(z.2) providing immediate expensing for new additions of property in respect of productivity-enhancing assets;
(z.3) introducing a temporary non-refundable tax credit applicable where an individual’s non-refundable tax credit amounts exceed the first income tax bracket threshold; and
(z.4) implementing a number of technical amendments to correct inconsistencies and to better align the law with its intended policy objectives.
It also makes a related amendment to the Excise Tax Act .
Part 2 repeals the Digital Services Tax Act and the Digital Services Tax Regulations and makes consequential amendments to other legislation.
Part 3 amends the Excise Tax Act , the Underused Housing Tax Act , the Select Luxury Items Tax Act and other related texts to implement various measures.
Division 1 of Part 3 implements certain measures in respect of the Excise Tax Act and a related text by
(a) clarifying that supplies of osteopathic services rendered by individuals who are not osteopathic physicians are taxable under the Goods and Services Tax/Harmonized Sales Tax;
(b) extending the Enhanced (100%) Goods and Services Tax Rental Rebate to qualifying cooperative housing corporations and student residences built by universities, public colleges and school authorities; and
(c) allowing input tax credits for redeemed coupons to be available only for payments made exclusively in the course of commercial activities.
Division 2 of Part 3 amends the Underused Housing Tax Act to end the underused housing tax in respect of 2025 and future calendar years. It also subsequently repeals the Underused Housing Tax Act and the Underused Housing Tax Regulations .
Division 3 of Part 3 amends the Select Luxury Items Tax Act to end the luxury tax in respect of subject aircraft and subject vessels. It also makes the Select Luxury Items Tax Regulations to provide greater clarity on the tax treatment of subject items.
Part 4 amends the First Nations Goods and Services Tax Act to, among other things,
(a) establish an opt-in framework for interested Indigenous governments to levy a value-added sales tax, under their own laws, on fuel, alcohol, cannabis, tobacco and vaping products within their reserves or settlement lands; and
(b) make process-type improvements and machinery of government changes to streamline the administration of taxes under that Act.
It also makes consequential amendments to the Excise Tax Act and to the Federal-Provincial Fiscal Arrangements Act .
Part 5 enacts and amends several Acts in order to implement various measures.
Division 1 of Part 5 enacts the High-Speed Rail Network Act , which establishes a legislative framework to facilitate the implementation of a rail network that allows for the carrying of passengers at high speed between Quebec and Ontario. That Act, among other things,
(a) deems the construction of the railway lines that are to be part of the high-speed rail network to have been approved under section 98 of the Canada Transportation Act ;
(b) provides that the construction, operation, decommissioning and abandonment of each segment of the high-speed rail network, and any incidental physical activity, is subject to the Impact Assessment Act ;
(c) permits certain land to be subject to a notice of right of first refusal or a notice of prohibition on work;
(d) amends the expropriation process in relation to the high-speed rail network;
(e) provides that Indigenous knowledge that is provided in confidence in relation to the high-speed rail network is treated as confidential; and
(f) makes certain Parts of the Official Languages Act applicable to certain entities, including those that operate a railway that is part of the high-speed rail network.
The Division also makes a consequential amendment to the Access to Information Act .
Division 2 of Part 5 amends the Canada Post Corporation Act to repeal the power to make regulations prescribing rates of postage and the terms and conditions related to the payment of postage and instead provide the Canada Post Corporation with the authority to establish those rates and terms and conditions and provide for exceptions.
Division 3 of Part 5 provides, among other things, that an aggregate amount not exceeding $11.5 billion to fund the operations and activities of Build Canada Homes and an aggregate amount not exceeding $1.515 billion as a contribution of capital to, or to purchase shares in, Canada Lands Company Limited may be paid out of the Consolidated Revenue Fund.
Division 4 of Part 5 amends the Canada Infrastructure Bank Act to increase the aggregate amount that the Minister of Finance may pay to the Canada Infrastructure Bank to $45,000,000,000.
Division 5 of Part 5 amends the Red Tape Reduction Act to, among other things, authorize, subject to certain conditions, ministers to grant temporary exemptions from the application of provisions of certain Acts of Parliament and instruments with the aim of facilitating the design, modification or administration of regulatory regimes to encourage innovation, competitiveness or economic growth in the clean technology or financial technology sector.
Division 6 of Part 5 amends the Public Service Superannuation Act to, among other things, expand the eligibility for early retirement available to certain contributors employed in operational service to new groups of contributors.
Division 7 of Part 5 amends the Public Service Superannuation Act to authorize certain contributors to exercise a temporary early retirement option during a period for which a workforce reduction initiative is in effect. It also makes a related amendment to the Income Tax Regulations .
Division 8 of Part 5 amends the Farm Credit Canada Act to, among other things, provide for a review of the provisions and operation of that Act within five years after the day on which the amendment comes into force and every 10 years after that.
Division 9 of Part 5 repeals the Consumer-Driven Banking Act and enacts a new Consumer-Driven Banking Act to ensure that individuals and businesses can safely and securely share their data with the participating entities of their choice. That Act addresses, among other things, accreditation, national security, data sharing, security safeguards, consent, authentication, liability, complaints, administration and enforcement and screen scraping. The Division also makes related amendments to the Access to Information Act , the Financial Consumer Agency of Canada Act and the Budget Implementation Act, 2024, No. 1 .
Division 10 of Part 5 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 11 of Part 5 amends the Trust and Loan Companies Act , the Bank Act and the Insurance Companies Act to, among other things, modernize prudential limits by repealing certain provisions that impose limits on federally regulated financial institutions with respect to debt obligations and borrowing, consumer and commercial loans and investments in real property and equity.
Division 12 of Part 5 amends the Bank Act , the Trust and Loan Companies Act and the Insurance Companies Act to allow for the electronic delivery of certain documents to shareholders, members and policyholders without their consent, while ensuring that they receive paper copies if they request them.
Division 13 of Part 5 amends the Trust and Loan Companies Act , the Bank Act and the Insurance Companies Act to increase the equity threshold related to the public holding requirement from $2 billion to $4 billion and to make changes to other provisions that include that threshold.
Division 14 of Part 5 amends the Trust and Loan Companies Act , the Bank Act , the Insurance Companies Act and the Office of the Superintendent of Financial Institutions Act to, among other things,
(a) clarify the powers of the Superintendent of Financial Institutions in respect of the adherence by federally regulated financial institutions to their policies and procedures to protect themselves against threats to their integrity or security;
(b) provide the Superintendent of Financial Institutions with powers to issue directions of compliance in respect of unsafe or unsound practices in the conduct of the affairs of those financial institutions; and
(c) provide that the Superintendent of Financial Institutions is not prevented from disclosing information to any federal government agency or body for purposes related to the Superintendent’s regulation or supervision of financial institutions.
Division 15 of Part 5 amends the Bank Act to raise the amount of funds that can be withdrawn immediately from a retail deposit account after the deposit of a cheque or other instrument and to remove the delay for the withdrawal of funds deposited by a cheque or other instrument that is not deposited in person.
Division 16 of Part 5 amends the Bank Act to, among other things,
(a) prohibit the activation of certain capabilities for a personal deposit account in Canada without the express consent of the natural person in whose name the account is kept;
(b) permit a natural person in whose name such an account is kept to deactivate certain account capabilities;
(c) permit a natural person in whose name such an account is kept to adjust certain transaction limits on the account;
(d) require institutions to establish policies and procedures for detecting and preventing consumer-targeted fraud and mitigating its impacts; and
(e) require institutions and the Commissioner of the Financial Consumer Agency of Canada to prepare annual reports on consumer-targeted fraud.
Division 17 of Part 5 amends the Canada Deposit Insurance Corporation Act , the Bank Act and the Financial Consumer Agency of Canada Act to support the growth of federal credit unions, including by way of amalgamation or asset acquisition and by permitting them to engage in motor vehicle leasing in certain circumstances.
Division 18 of Part 5 amends the Special Economic Measures Act to, among other things,
(a) provide that the Minister of Finance must be consulted before an order or regulation identifying certain persons is made under subsection 4(1) of that Act;
(b) authorize the Governor in Council to make regulations requiring financial institutions to provide to the Minister of Finance information on property that is in their possession or control and that is owned, held or controlled by a person, including a foreign state, identified under that Act and information on profits realized from such property; and
(c) authorize the Minister of Finance to make an order directing a financial institution to pay such profits to the Receiver General.
It also makes related and consequential amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act .
Division 19 of Part 5 amends the Pension Act to, among other things,
(a) set out in a schedule to that Act the amounts of the basic pension payable during the period beginning on April 1, 1985 and ending on December 31, 2025;
(b) authorize the Governor in Council to amend that schedule;
(c) define the term “province” for the purposes of paragraph 75(1)(b) of that Act; and
(d) update certain regulation-making powers.
It also amends the Royal Canadian Mounted Police Superannuation Act to provide that, beginning on January 1, 2027, certain benefits are to be adjusted only on the basis of the Consumer Price Index.
Finally, it amends the Department of Veterans Affairs Act and the Veterans Health Care Regulations to retroactively clarify the meaning of the term “province” with respect to the calculation of the accommodation and meals charge for the recipients of intermediate and long term care.
Division 20 of Part 5 retroactively amends the Veterans Well-being Regulations to specify that the first annual adjustment to certain amounts used in the calculation of the earnings loss benefit is to be prorated to the number of days remaining in the calendar year. It also authorizes the Governor in Council to make regulations respecting the earnings loss benefit under the Veterans Well-being Act , as it read from time to time before April 1, 2019.
Division 21 of Part 5 amends the Royal Canadian Mounted Police Superannuation Act , among other things, to specify that claims for awards made under Part II of that Act are to be dealt with and determined by the Minister who administers the Pension Act . It also enacts related provisions.
Division 22 of Part 5 enacts the Canada Development Investment Corporation Act , which continues the Canada Development Investment Corporation and sets out its purpose to assist in the creation and development of businesses, resources, property and industries of Canada by providing advice and support to the Government of Canada and by making investments and managing assets that advance Canada’s economic growth and development. The Division also makes a consequential amendment to the Access to Information Act .
Division 23 of Part 5 amends the Personal Information Protection and Electronic Documents Act to require that an organization disclose to another organization an individual’s personal information, at the individual’s request, if both organizations are subject to a data mobility framework.
Division 24 of Part 5 amends the Broadcasting Act to provide that it is to be construed and applied in a manner that is consistent with the right to privacy of individuals.
Division 25 of Part 5 amends the Human Pathogens and Toxins Act to, among other things, reaffirm that security of the public is a key purpose of that Act, provide that the Minister of Health must establish and update a registry that will replace Schedules 1 to 4, add requirements for persons who carry out activities in relation to high risk human pathogens and toxins, increase the maximum penalties to which a person who commits an offence under that Act is liable and establish an administrative monetary penalty regime for certain contraventions of that Act or its regulations.
Division 26 of Part 5 amends the Customs Tariff to amend the definition “obsolete or surplus goods” to allow for the refund of duties paid in respect of certain goods that are donated to a registered charity.
Division 27 of Part 5 amends the Export and Import Permits Act to authorize the Governor in Council to add articles to the Export Control List and the Import Control List for reasons related to Canada’s economic security interests.
Division 28 of Part 5 amends the Aeronautics Act to, among other things,
(a) authorize the Minister of Transport to make interim orders that give effect to international standards, agreements, conventions and arrangements;
(b) extend the effective period of interim orders;
(c) modernize regulation-making powers respecting the development of, and compliance with, systems, processes, procedures, programs, plans and documents in relation to aviation safety and security;
(d) provide that air traffic service providers and certain maintenance organizations may be found vicariously liable for offences or violations;
(e) authorize the electronic service of documents;
(f) prohibit interference with the operation of a remotely piloted aircraft system unless authorized by the Minister;
(g) modernize the administrative monetary penalties framework and increase the maximum amounts for penalties and fines; and
(h) establish a regime for the voluntary provision of information related to aviation safety and security and set out limits on the disclosure and use of information provided under that regime.
It also makes a consequential amendment to the Access to Information Act and a related amendment to the Budget Implementation Act, 2019, No. 1 .
Division 29 of Part 5 amends the Canada Transportation Act to provide the Minister of Transport with the authority to make interim orders to give effect to international standards or ensure compliance with Canada’s international obligations.
Division 30 of Part 5 amends the Judges Act to increase the number of salaries authorized for judges of the Court of Appeal for Ontario and judges of unified family courts in the provinces. It also reduces in a corresponding manner the number of salaries authorized for judges of superior courts in the provinces other than appeal courts.
Division 31 of Part 5 amends the Administrative Tribunals Support Service of Canada Act to create a Schedule 2 to that Act, allow the Minister of Justice to add territorial bodies to that Schedule and to allow the Administrative Tribunals Support Service of Canada to provide support services and facilities to those bodies.
Division 32 of Part 5 amends the Canadian Environmental Protection Act, 1999 to provide for the establishment of the Environmental Protection Tribunal of Canada and the transfer of the functions of the Chief Review Officer and review officers to that Tribunal. It also amends the Administrative Tribunals Support Service of Canada Act to enable the Administrative Tribunals Support Service of Canada to provide the Tribunal with any necessary support services and facilities and makes consequential amendments to other Acts.
Division 33 of Part 5 authorizes the taking of various measures with respect to the divestiture and dissolution of all or any part of the Freshwater Fish Marketing Corporation. It also makes consequential amendments to other Acts and repeals the Freshwater Fish Marketing Act .
Division 34 of Part 5 repeals section 16 of the Government Annuities Improvement Act .
Division 35 of Part 5 repeals sections 195 and 196 of the Naskapi and the Cree-Naskapi Commission Act .
Division 36 of Part 5 amends the Canada Student Financial Assistance Act to deny the provision of financial assistance to qualifying students in relation to designated educational institutions outside Canada that are private and for-profit and offer courses at a post-secondary school level. It also amends that Act to empower the Minister of Employment and Social Development to suspend or deny the provision of financial assistance in certain circumstances in order to align with a provincial suspension or denial.
Division 37 of Part 5 amends the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to
(a) clarify that all regulations made under that Act are to be made on the recommendation of the Minister of Finance;
(b) clarify that paragraph 36(3.01)(b) of that Act applies to donations that are not charitable donations; and
(c) prohibit the disclosure of reports, or the information contained in them, related to discrepancies in information discovered in the course of verifying the identity of persons having beneficial ownership or control of an entity.
It also amends the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations to
(a) clarify that paragraph 138(5)(b) of those Regulations applies to donations that are not charitable donations; and
(b) clarify the application of those Regulations to mortgage administrators, mortgage brokers and mortgage lenders.
Finally, it makes a consequential amendment to the Access to Information Act .
Division 38 of Part 5 amends the Borrowing Authority Act to increase the maximum amount of certain borrowings.
Division 39 of Part 5 amends the Canada Business Corporations Act , the Canada Cooperatives Act and the Canada Not-for-profit Corporations Act to provide an additional ground on which the Director appointed under the Act in question may dissolve a corporation or a cooperative, as the case may be, namely, when the Director is notified that it is a “listed entity” as defined in subsection 83.01(1) of the Criminal Code .
Division 40 of Part 5 amends the Building Canada Act to add to the information that must be included in the public registry of national interest projects the extent to which each project can contribute to clean growth and to meeting Canada’s objectives with respect to climate change.
Division 41 of Part 5 amends the Canadian Energy Regulator Act to set the maximum duration of licences for the exportation of liquefied natural gas at 50 years.
Division 42 of Part 5 amends the Canadian Environmental Protection Act, 1999 to, among other things, remove the mandatory five-year limit for agreements made under subsection 9(5) or 10(3).
Division 43 of Part 5 amends the Competition Act to remove the requirement that the substantiation of representations about the environmental benefits of businesses or business activities must be done in accordance with internationally recognized methodology. It also amends that Act to exclude the application of the provision respecting those representations from proceedings before the Competition Tribunal that are initiated by a person other than the Commissioner of Competition.
Division 44 of Part 5 enacts the National School Food Program Act , which sets out the Government of Canada’s vision for the National School Food Program. That Act also sets out the Government of Canada’s commitment to maintaining long-term funding to be provided to the provinces, the territories and Indigenous peoples for the ongoing implementation and maintenance of the Program.
Division 45 of Part 5 enacts the Stablecoin Act , which imposes duties on persons that create stablecoins and make them available for purchase, directly or indirectly, by persons in Canada. That Act sets out the objects of the Bank of Canada in respect of stablecoin and requires the Bank to maintain a public registry of stablecoin issuers. That Act also addresses, among other things, the redemption of stablecoins by issuers, the reserve of assets that issuers must maintain to fulfill their redemption obligations and the policies that they must establish. The Division also makes consequential and related amendments to the Access to Information Act , the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and the Retail Payment Activities Act .

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from 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-15s:

C-15 (2022) Law Appropriation Act No. 5, 2021-22
C-15 (2020) Law United Nations Declaration on the Rights of Indigenous Peoples Act
C-15 (2020) Law Canada Emergency Student Benefit Act
C-15 (2016) Law Budget Implementation Act, 2016, No. 1.

Votes

Feb. 25, 2026 Passed Concurrence at report stage of Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025
Feb. 25, 2026 Failed Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025 (report stage amendment) (Motion No. 81)
Feb. 25, 2026 Failed Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025 (report stage amendment) (Motion No. 78)
Feb. 25, 2026 Failed Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025 (report stage amendment) (Motion No. 55)
Feb. 25, 2026 Failed Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025 (report stage amendment) (Motion No. 48)
Feb. 25, 2026 Failed Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025 (report stage amendment) (Motion No. 44)
Feb. 25, 2026 Failed Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025 (report stage amendment) (Motion No. 34)
Feb. 25, 2026 Failed Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025 (report stage amendment) (Motion No. 1)
Dec. 8, 2025 Failed 2nd reading of Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025 (reasoned amendment)

Debate Summary

line drawing of robot

This is a computer-generated summary of the speeches below. Usually it’s accurate, but every now and then it’ll contain inaccuracies or total fabrications.

The budget implementation act includes measures to address economic competitiveness, trade, housing, public safety, and defense, while also repealing certain taxes. It establishes a Crown corporation to explore a high-speed rail network.

Liberal

  • Fosters economic growth and investment: The budget aims to build a stronger, more resilient Canadian economy through strategic investments in major projects, tax incentives for businesses, and a "Buy Canadian" policy to stimulate domestic industries.
  • Enhances affordability and social support: The government's budget aims to make life more affordable through tax cuts for low-income Canadians, investments in housing, and sustained support for crucial social programs like national school food, dental, and pharmacare.
  • Strengthens national security and global standing: Canada's budget bolsters national security through increased defence spending, enhanced border security, and a defence industrial strategy, while also strengthening global standing through diversified trade agreements.
  • Maintains fiscal responsibility: Despite acknowledging a deficit, the budget outlines a manageable fiscal plan, leveraging Canada's strong AAA credit rating and robust fiscal capacity to finance ambitious objectives without market distress.

Conservative

  • Criticizes fiscal mismanagement and inflationary spending: The party condemns the government's broken fiscal promises, including a record $78.3 billion deficit, escalating national debt, and out-of-control spending that fuels inflation and negatively impacts Canadians' cost of living.
  • Opposes specific provisions in the bill: Conservatives oppose the high-speed rail project due to its enormous cost and property rights concerns, and strongly condemn the retroactive legislative changes that deny compensation to overcharged veterans and demand repayment from disabled veterans.
  • Highlights poor economic growth and investment: The party expresses concern over Canada's low GDP growth, declining business investment, and slow project approvals, arguing the budget fails to create a competitive economic environment and cuts vital agricultural research.
  • Demands transparency and accountability: The party calls for greater government transparency in spending, criticizes the use of "budget trickery" to hide deficits, and demands adherence to rules regarding non-partisan communication and proper reporting of financial information.

Bloc

  • Criticizes omnibus bill format: The Bloc views the 603-page omnibus bill, amending 49 statutes, as undemocratic, poorly drafted, and a "grab bag" that bypasses proper parliamentary debate.
  • Opposes rail expropriation changes: The party strongly opposes the bill's provisions that facilitate expropriation for high-speed rail, arguing they create unequal rights for property owners along the proposed route.
  • Calls for digital services tax: The Bloc advocates for the reinstatement of the digital services tax, seeing its abolition as a missed revenue opportunity for cultural and media sectors and a sign of government weakness.
Was this summary helpful and accurate?

Budget 2025 Implementation Act, No. 1Government Orders

February 26th, 2026 / 11:10 a.m.

Conservative

Greg McLean Conservative Calgary Centre, AB

Madam Speaker, I thought we were limited to one question, but I get to answer two questions. I hope we get some time for that.

The first one is on the memorandum of understanding between the Government of Alberta and the executive here in Parliament. I would submit to all Canadians, and all Albertans in particular, that they should read that document, because it is a document full of false starts. It is full of, “A is a prerequisite to B, and B is a prerequisite to A.” They have already admitted this week that their April 1 deadline on many parts is unworkable. Talk to the companies that have to invest in that. They are saying this is uninvestable.

When we have a memorandum of understanding that every private sector organization says does not work, we have to pay attention to that. Every level of government has to pay attention to it and look at what they are getting at the end of the day. There are many benefits that happened in that, which were things the Government of Canada had to accomplish anyway.

Budget 2025 Implementation Act, No. 1Government Orders

February 26th, 2026 / 11:10 a.m.

Bloc

Mario Simard Bloc Jonquière, QC

Madam Speaker, I really appreciate my colleague for Calgary Centre, who used to serve with me on the Standing Committee on Natural Resources. His mother is from Jonquière. That is why I like him.

I know that he shares some of my views on the special tax treatment given to the oil and gas industry. In the budget, there are major tax credits for carbon capture and sequestration. There is also the accelerated capital cost allowance, which will enable the oil and gas industry to benefit from lavish tax breaks. The government is offering all of that even though the oil and gas industry has been making record profits since 2022.

I would like to remind the House that, since the big oil and gas companies are mainly American-owned, most of the profits are going to the United States.

I would like my colleague to talk to me about the lavish tax breaks being given to the oil and gas industry in the budget. Is he comfortable with that?

Budget 2025 Implementation Act, No. 1Government Orders

February 26th, 2026 / 11:10 a.m.

Conservative

Greg McLean Conservative Calgary Centre, AB

Madam Speaker, I thank my colleague for mentioning my mother and her hometown, Jonquière. My mother says hi to him. Sometimes she watches what is happening in the House.

Alberta's oil and gas sector is important for the country. It is Canada's most important sector, and it is important for exporting oil overseas via the new pipeline that will run from Alberta to Vancouver. It is important for everyone. It is important for tax revenues and our standard of living, but it is also Canada's most internationally competitive sector. We produce oil here that costs more than $40 a barrel, but the oil produced in the Middle East costs $6 a barrel. We are competitive here, it is—

Budget 2025 Implementation Act, No. 1Government Orders

February 26th, 2026 / 11:15 a.m.

The Assistant Deputy Speaker (Alexandra Mendès) Alexandra Mendes

I have to give time for one more question.

The hon. member for Haldimand—Norfolk.

Budget 2025 Implementation Act, No. 1Government Orders

February 26th, 2026 / 11:15 a.m.

Conservative

Leslyn Lewis Conservative Haldimand—Norfolk, ON

Madam Speaker, given that tens of billions of dollars are going to be allocated for high-speed rail, does the member think that it is necessary for the government to have some sort of independent cost-benefit analysis that would include when there is not enough ridership in order to fund the rail system and the cost to taxpayers?

Budget 2025 Implementation Act, No. 1Government Orders

February 26th, 2026 / 11:15 a.m.

Conservative

Greg McLean Conservative Calgary Centre, AB

Madam Speaker, many of my colleagues on this side of the House know that I used to be the policy adviser to the minister of transport back in the early 1990s. We were looking at this project at that point in time, and it was too expensive then. It was massively expensive, and now, of course, the country is awash in debt. When we have bills to pay, we have to pay our bills first, rather than getting the bright, shiny, new toy on the horizon. We have to make sure that we take—

Budget 2025 Implementation Act, No. 1Government Orders

February 26th, 2026 / 11:15 a.m.

The Assistant Deputy Speaker (Alexandra Mendès) Alexandra Mendes

We have to resume debate.

The hon. member for Mirabel.

Budget 2025 Implementation Act, No. 1Government Orders

February 26th, 2026 / 11:15 a.m.

Bloc

Jean-Denis Garon Bloc Mirabel, QC

Madam Speaker, just before I got up to speak, I was looking at the website of Environment Canada, a science-based department that we love. The government is cutting positions in that department. According to Environment Canada, the temperature in Ottawa today felt like -18°C. On days like these, it warms our hearts to see you in the chair, Madam Speaker, so thank you very much for being here.

We are talking about Bill C‑15. We are talking about the budget, and we are going to talk about its substance, its content, but we also have to talk about its form. We cannot ignore the fact that the government chose to introduce a 603-page omnibus bill.

These big omnibus bills have become grab bags that include much more than what is in a given budget. They were roundly criticized by the Liberals in the Harper era. Even in the Harper era, people thought this approach was undemocratic. Budget implementation bills used to be much slimmer.

We have before us today the second-longest budget implementation act in the history of the Confederation. It is 603 pages long and amends 49 statutes. This poses a problem for democracy because, as I said, it is a real grab bag. A lot of the legislative items in it have no business being included in a budget implementation act and should have been debated separately in the House.

These 49 statutes, 603 pages and certain measures pose significant problems for democracy and for people's rights. I am going to talk about expropriated individuals, but I am also going to address other issues. We had just one day in committee to study all that. That just goes to show that the government has decided to govern without the House of Commons and has little regard for Parliament. We know that the Prime Minister has decided to act like Canada's CEO. We saw an example of that today.

This budget was tabled partly because parliamentarians had asked for one. In the last election campaign, we were told that the world had changed, that a budget needed to be presented quickly, and an election was called. We were not told whether there would be a budget when Parliament returned and, in the end, there was no budget. Fall came and we had to nag the Minister of Finance to tell us whether he was going to table a budget. He did not know.

Eventually, the government decided to switch up the budget cycle. It did not allow the Standing Committee on Finance to hold pre‑budget consultations. It did not let us listen to Quebeckers and Canadians so we could consider their recommendations. It tabled a budget.

Despite the fact that some top-notch officials worked on the document, it is a budget that is, in many ways, poorly cobbled together and inadequate. There are some poorly drafted measures, and certain provisions will have unforeseen effects, so we had to work very hard during the only committee day we had. In some cases, the government listened to us. In other cases, it did not.

One example of something that should not have been included in the budget is the high-speed rail network act. I believe it should be debated. I believe that cost-benefit analyses are needed, as my Conservative colleague said. I believe conversations are needed. I even believe that it could be a promising project.

However, as part of this project, a decision was made to create two classes of citizens along the proposed route. A decision was made to make it easier to expropriate people living along the route than would be possible with any other project in Canada.

Mirabel is an expropriation case study. What the people of Mirabel and people along the route are being told is that they are not equal before the law and that there is a special law for them. What they are being told is that, if this were any other project happening elsewhere in Canada, when they receive a notice of expropriation, they would have the right to challenge the price and ask to be heard by a hearing officer, who is impartial, before the minister makes their final decision. However, since they are along the route, they will be pushed to their limits. They will be asked to drain their savings and their RRSPs to go before the Federal Court.

With our amendments, we simply wanted to restore people's right to be heard. I do not think it is unreasonable to ask for justice and equality and to ask that folks not be treated like second-class citizens. It seems to me that this has nothing to do with the project itself. It seems to me that this is about a basic level of justice. The Liberals have decided that justice no longer matters, as long as the train goes through. As for the Conservatives, some of them decided to hide behind the curtains when it came time to vote to restore the rights of people in our communities and across Canada who live along the proposed route.

We think a study should be conducted on the impact this will have on communities. Villages are going to be separated. This train will cross 700 roads in Quebec. It is possible that villages will be cut in half. This is not about opposing the project, but it is normal to want to know what is going to happen. It is our job as parliamentarians to seek the truth. Truth is not Alto's specialty, and it is our job to demand it.

Under the legislation that is about to be passed, if the train runs through the end of a farm or field and the owner receives an expropriation notice, they will not even have the right to rebuild their silo, barn or stable in the event of a disaster.

Yesterday in the House, I talked about my friend Éric Couvrette from Sainte-Scholastique, whose cattle shed burned down two summers ago. He is a dairy farmer. His farm runs alongside the airport fences. He has experienced expropriation before. He had to rebuild from scratch. He lost his livelihood to the fire. We saw his cows lying charred in the field. I went there the next day. It was awful. Rebuilding all of that is complicated.

These people have a right to earn a living. Under Bill C-15 as it stands today, if the train goes through their property, they would not be able to rebuild everything and would not be able to earn a living. They would be told to just declare bankruptcy.

We introduced an amendment, but the government would not hear of it. What does this have to do with the actual train? It has nothing to do with the actual train. We actually want to help improve the bill, but the government is telling us that it is no good and it is unwilling to get better. However, the opposition can be constructive, and that is exactly what we suggested.

We also said that expropriations should not happen by email by default. We understand that it is the 21st century and people do not communicate by telegram anymore and they can send emails. Alto officials told the committee that if someone wants a registered letter, they just have to ask, and Alto will accommodate them. I introduced an amendment to incorporate what Alto asked us. It was not a joke. Our amendment said that traditional means of communication would be used, unless someone asks to receive communication by email, in which case the rest of the process could be done by email. I do not think this constitutes extremism, obstruction or opposition aimed at preventing the budget from passing. We are saying that the government has gone a bit overboard—“a bit” is a euphemism here—and that it needs to respect people. The answer we are getting is that we are the opposition, that we are just whiners, and that people's land is being expropriated by email. However, on the ground, Alto officials are saying that they cannot expropriate by email. It is in the bill. It is in the legislation. It is written in black and white, and we explained that in committee. These people are being given tools to misbehave. We cannot assume that they will misbehave, but they have been given the tools to do it. They are coming to our ridings. They were there this week, and they are lying to the people who show up for their so-called consultations.

Our amendments would not have delayed this project, because there is no project yet. Mr. Imbleau, Alto's chief executive officer, appeared before the Standing Senate Committee on National Finance and was asked how much the train was going to cost. He does not know how much it is going to cost. He cannot tell us that. Two weeks ago, I asked the chief executive officer of the Canada Infrastructure Bank, or CIB, whether it was going to be providing funding. The CEO of the CIB said that it was hard to know, because the project does not exist yet. However, for some reason, there is an urgent need to expropriate land at top speed, accelerate the process and say it is coming soon. Something does not add up. None of this was slowing down their project. What we are asking for is decency and respect in a project where all the usual red flags are already up.

My colleagues know that megaprojects that fail and become a disaster for taxpayers all have a number of things in common: overestimated revenues, underestimated costs and very long-term forecasts to make things look better, because most of the costs come earlier in the project. We have the right to ask these questions. We have the right to want to improve things. That would have required an entire committee and a separate bill. That is what Parliament is for, and that is why this should not be included in such an omnibus bill.

We have a major democratic issue with a bill that is so thick that I had to buy a trailer for my car to haul it around with me.

Let us talk about the digital services tax. The Prime Minister said he would exempt companies that are already evading taxes from the digital services tax, and at the same time, the minimum tax for multinationals was removed. These companies are not paying their fair share. It was a gamble on the part of the Prime Minister. He figured he would bow down a little to President Trump in the hopes that that would put him in a good mood, but he was still in a bad mood, so then we thought the Prime Minister might reinstate the tax. The president was in a bad mood, but the Prime Minister did not want to reinstate the tax because he said it would put the president in an even worse mood. Then, however, the Prime Minister went to Davos and infuriated the president, but he is still not reinstating the tax, despite the media crisis and the fact that our local media are having their content stolen and that it is a struggle to fund our newsrooms. There are no measures in the budget to ensure the health of the fourth pillar of democracy. It seems to me that this alone would have warranted a debate.

When an omnibus bill of this size is tabled at the last minute, in the fall rather than in the spring, there can be unforeseen events and effects from the budget. Let me give an example. The government decided to exempt Canada Post from its obligation to have its rate schedule approved by the government. However, Canada Post provides services that may not be financially profitable but are socially beneficial, particularly for visually impaired individuals and for the BIBLIO Network of municipal libraries in the regions that send books to each other, sometimes over long distances, at preferential rates. The government worked so quickly, because it was not ready to table its budget, that it forgot it would deprive all the remote regions of Quebec and the rest of Canada of this preferential rate.

I asked the Minister of Finance and National Revenue in committee whether he was aware that his bill had that impact. He did not have a clue what I was talking about. The government was right about that. I followed up with the minister and an amendment was introduced. That is what the Bloc Québécois is for. An amendment was introduced and as we say back home, we managed to patch that hole. However, how many holes are there in this bill, which parliamentarians did not have time to go through in one morning? This is fundamentally a democratic issue.

There is a rare earth elements and critical minerals strategy. The government forgot one important mineral, namely, phosphate, which is used to make batteries. We had to add that in the bill. The government did not want to. The government says it wants an energy transition, but it overlooked the fact that batteries require phosphate and that 100% of new phosphate-refining projects are geared towards battery manufacturing. That is what the Bloc Québécois is for. It took the Bloc Québécois and my amendment to add phosphate to the bill. The government said no initially, but through debate, it finally said yes.

When you cash a cheque in Canada, federally regulated banks are not allowed to freeze a cheque that is for less than $100. This amount has not been indexed for years. Today, if you have a small family, you cannot even deposit $100 and then go to the grocery store. This means that if you deposit a cheque for the new Canada groceries benefit at the bank, under the current law, the cheque will be frozen for two weeks. The Bloc Québécois had to introduce an amendment to increase the minimum amount to $250 to ensure that individuals who get these government cheques can deposit their cheque, and the funds will not be frozen. We are not making this stuff up. Had the Minister of Finance and National Revenue taken the time to do his job properly and to ensure public servants did their job, we would not have been forced to patch yet another hole.

Let us talk about regulatory sandboxes. Countries around the world have regulatory sandbox arrangements. There are ways to make legislation and regulations more flexible for innovation, particularly in the health sector. No country in the world introduces legislation that applies to all sectors indiscriminately and to all laws but the Criminal Code. That does not happen. Taking those powers away from Parliament is a Canadian innovation. We think this can be a good idea, but everything depends on how it is done. This way of doing things does not exist in other countries.

The Conservatives joined forces with the Liberals. An agreement was reached. They decided there were some laws that the government could not waive in those regulatory sandboxes. That is better than nothing. However, environmental laws are not protected. Labour laws are not protected. First nations' rights are not protected. The official opposition's temporary absence from the House allowed things to move forward. They can shout until they are blue in the face, but that is what happened in committee.

We are in favour of open banking. We all want competition in sales and banking transactions. We want apps on our phones. However, banks are regulated by the federal government under the Bank Act. They are manufacturers of financial products. The brokers are regulated under Quebec's Consumer Protection Act. They are not manufacturers of financial products. The Bloc Québécois had to get an amendment adopted that explicitly says that the new federal legislation will not effectively invalidate Quebec's Consumer Protection Act. That is basic stuff, but the Liberals are still not doing their job properly. We had to patch those holes. We are not just complaining, we took tangible measures. We were forced to propose amendments so that the Quebec government would be comfortable with the bill. Do these ministers not have phones? Does the House not pay for phones?

I want to talk about the clean electricity tax credit, which will apply to modular nuclear reactors that will be used to clean up dirty oil. What is clean about that? If my colleagues think that is clean, I invite them to drink a glass of it and see how they feel the next day. This is like a bad movie: long-winded and zero suspense. A clean electricity tax credit should not apply to dirty oil. The carbon capture tax credit is being extended until 2041 and, at the same time, this bill is weakening the anti-greenwashing law. Since Bill C‑15 was introduced, oil company advertisements have started to once again promote carbon capture and green oil. At the same time, the government is funding these technologies. That is what this bill does. It is anything but an energy transition.

With regard to the Canada Infrastructure Bank, the government is increasing its capital from $35 billion to $45 billion even though the bank's officials have not managed to spend what they already had. Our committee has been chasing after them to find out how they spend the money. We do not know and they are incapable of telling us, but the government went ahead and added $10 billion in capital, all of which is hidden from parliamentarians because it is outside the government's reporting entity.

The budget has $11.5 billion for Build Canada Homes. No one is against homes. Personally, when I take a walk in my riding, I see that everyone likes homes. However, the $11.5 billion is for an administrative entity. We do not know the programs or how things will work. Neither do we know whether Quebec will get its share. We do not know how the funds will be distributed across the provinces. However, we do know that this is important, because Quebec is the only province that has permanent social, community and co-op housing construction programs. This has always been a sensitive matter. This is exactly what derailed the Liberals' national housing strategy initially for three and a half years. That was three and a half years ago. Well, here they go again. We would have liked to have some answers about that. However, what can we do, under closure, in a single morning?

There are many things we could mention. There are a few good things in the budget, but not enough to vote in favour of it. For example, there is the luxury tax on aircraft. The New Democrats are shouting themselves hoarse, but the luxury tax was a luxury in name only. What we were doing was taxing commercial aircraft. We were taxing our own aerospace industry. Do members know what people were doing? They were buying aircraft from other countries. Aircraft fly and cross borders. We were killing our own market. It took three, four, five years for the minister to understand, even though it was part of our budget requests.

The government also agreed to reimburse customs duties to organizations for donated goods. Organizations were receiving donated goods and paying customs duties. I do not know if anyone looked up the word “generosity” in the dictionary, but that was not part of the definition. We had that corrected. Furthermore, is the accelerated capital cost allowance a good measure? It is an investment support measure. However, the Liberals choose the winners. The winners are oil. The winners are gas. We also have a problem with digital sovereignty. Fibre optic companies are chasing after the minister, trying to alert him to the fact that they were overlooked. The Liberals have picked the winners. For once they were in the right place, they picked the winners.

I believe in the work of the opposition parties. I think that we can improve budgets and are capable of doing something good with them. However, nobody thinks that spending half a day in committee on 603 pages makes the slightest bit of sense. In future, I urge the government to perhaps not do that again.

Budget 2025 Implementation Act, No. 1Government Orders

February 26th, 2026 / 11:35 a.m.

Winnipeg North Manitoba

Liberal

Kevin Lamoureux LiberalParliamentary Secretary to the Leader of the Government in the House of Commons

Madam Speaker, let me attempt to address the member's concerns head-on. As the member knows, it was a unanimous consent motion that ultimately allowed us to get the process to where we are today. Prior to that unanimous consent motion, if we just flash back to a couple of months ago, there was a great deal of filibustering taking place on the floor of the House of Commons.

This legislation was introduced back in November. There was plenty of opportunity for the House to discuss it. I remember even standing up asking for us to sit until midnight in order to accommodate more debate. We could have had it go to committee back in November or early December, but unless the opposition allows legislation to get out of second reading, we ultimately have to wait until we can get unanimous consent in order to get it through.

We are grateful it is going to pass today, do not get me wrong, but that is because a unanimous consent motion was brought forward. It would have been far better to pass it at second reading back in November, and we could have spent more time on it in committee. Would the member not agree?

Budget 2025 Implementation Act, No. 1Government Orders

February 26th, 2026 / 11:35 a.m.

Bloc

Jean-Denis Garon Bloc Mirabel, QC

Madam Speaker, there are two parts to my colleague's question.

The honesty of the first part is debatable. The budget timeline is perfectly normal. There was the budget speech, which the House adopted. There was a notice of ways and means motion to ensure that the tax measures already apply. We voted on the estimates. We now come to the budget implementation bill, which was tabled after the budget, and we see that it is two and a half inches thick and that we need time to study it.

My colleague can say whatever he likes, but sometimes it takes time because the government went too far and the bill is a bit too thick. We can already see the improvements that we have made in the little time that we have had to work on it.

I grew up in northern Quebec. Through the Quebec BIBLIO Network, I was able to read books in a town with a population of 4,000 and order books from other libraries. That was overlooked, but it is fine.

If the government wants things to move quickly, it needs to allow opposition members to work. The government needs to table legislation that is less divisive and that actually implements the budget, instead of it being a grab bag. It needs to let us do our work.

That is entirely its prerogative.

Budget 2025 Implementation Act, No. 1Government Orders

February 26th, 2026 / 11:35 a.m.

Conservative

Andrew Lawton Conservative Elgin—St. Thomas—London South, ON

Madam Speaker, I particularly appreciated my colleague's observation on the omnibus nature of this bill.

We saw that the Liberals concealed some measures in Bill C‑15 that were not in the budget. One example is the regulatory sandbox. That would have allowed cabinet ministers to exempt companies or individuals from almost any federal law or regulation in Canada.

I am thankful that we were able to correct this harmful measure in committee. Still, I want to know what my colleague thinks of the fact that the Liberals tried to sneak in this measure in the first place.

Budget 2025 Implementation Act, No. 1Government Orders

February 26th, 2026 / 11:40 a.m.

Bloc

Jean-Denis Garon Bloc Mirabel, QC

The facts are very simple, Madam Speaker. We were in committee before Christmas, preparing to study the budget. We then wondered which minister we were going to invite to come and testify. Well, the entire cabinet could have been invited given how many subjects they put in it and just how much they packed into it. There were between 15 to 20 ministers. It would have taken 10 or 12 committees, because the Standing Committee on Finance, with its resources, was not even able to get through this bill. We worked miracles with our colleagues in the other committees.

Now the Liberals are standing up and telling us that we are very slow. What is next? Are they going to tell us that the earth is flat? At some point, the limited resources that we have run out. We need to be able to focus and do the necessary analysis. It is not right that we have reached the point where we are studying omnibus bills that require 22, 23 or even 24 ministers in committee. Compromises were made: Only 18 ministers and 12 committees were involved with this budget.

That is when we realize that ultimately they are using the convention of confidence votes for bills that should not be subject to such votes and should be more consensual. They sneak them into the budget to ensure that there is no opposition. Then they criticize us for being too slow.

I think that if anyone should be calling their methods into question, it is the government members.

Budget 2025 Implementation Act, No. 1Government Orders

February 26th, 2026 / 11:40 a.m.

Bloc

Mario Simard Bloc Jonquière, QC

Madam Speaker, I want to take a moment to commend the work of my colleague from Mirabel.

The government often accuses the member for Mirabel of levelling harsh criticism. When we take a closer look, we see that he is a model of co-operation. He is a champion of collaboration. Through this bill, he managed to get the government to add phosphate to the list of critical minerals, which will ensure that Saguenay—Lac-Saint-Jean has an industry that is as promising as the forestry and aluminum industries.

When the member for Mirabel says that studying bills of this magnitude takes time, he is absolutely right.

I would like him to tell us what else could have been amended, what else could have been improved if he had more time.

Budget 2025 Implementation Act, No. 1Government Orders

February 26th, 2026 / 11:40 a.m.

Bloc

Jean-Denis Garon Bloc Mirabel, QC

Madam Speaker, we could have worked on the fact that the government, as I said, decided to pick the winners of the accelerated capital cost allowance.

The government says that we need to be able to override any legislation to create regulatory sandboxes, because we want innovation but we never know where it might happen. When it comes to issuing growth-related accelerated capital cost allowances, however, the government says it knows exactly where to turn, and it is always oil.

Albertans have never had to fight in the streets to get tax credits for dirty oil. The tax credits came right away. In our case, for phosphate, it took a high-level diplomatic effort to have it included.

In the end, what did we do? I spoke of amendments, which no one can say is not constructive. Every morning I read a butterfly sticker as I was instructed by the member for Lac-Saint-Jean. It is on the mirror in my office, and below it is an inscription telling me to never forget who I work for. Every time that we worked on a clause of this bill, I was working for Quebeckers, for the people back home. It produced some results, but we lacked the means to work as we had hoped.

The last-minute reversal of the budget timeline, with no advance notice, is very hard to accept.

Budget 2025 Implementation Act, No. 1Government Orders

February 26th, 2026 / 11:40 a.m.

Green

Elizabeth May Green Saanich—Gulf Islands, BC

Madam Speaker, I would like to ask my colleague from Mirabel a question.

The member for Winnipeg North said that we have had plenty of time to study this omnibus bill, which is over 600 pages long. However, first reading was on November 18, and then we had the Christmas break. We did not have time to properly study all the sections and each very complicated provision, particularly those concerning high-speed rail.

Does my colleague share my view that we have not had enough time to properly study this bill?