Spring Economic Update 2026 Implementation Act

An Act to implement certain provisions of the spring economic update tabled in Parliament on April 28, 2026

Sponsor

Status

In committee (House), as of May 26, 2026

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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) modifying the Labour Mobility Deduction for eligible tradespeople by increasing the annual limit on expenses that can be deducted and by reducing the distance threshold for eligibility;
(b) making permanent the capital gains tax exemption for the sale of a business to an employee ownership trust or a worker co-operative;
(c) extending the repayment grace period under the Home Buyers’ Plan;
(d) providing temporary immediate expensing for eligible greenhouse buildings; and
(e) improving the interaction of the Electric Vehicle Affordability Program with existing tax rules.
Part 2 amends the Excise Tax Act to temporarily set the excise tax rate on gasoline and aviation gasoline to $0.00 and on diesel fuel and aviation fuel to $0.00 for the period beginning on April 20, 2026 and ending on September 7, 2026. It also amends the Excise Act and the Excise Act, 2001 to implement an additional two-year extension of the 2% cap on the annual alcohol excise duty inflation adjustment, and of the 50% reduction on excise duty rates for the first 15,000 hectolitres of beer brewed in Canada, effective April 1, 2026.
Part 3 amends several Acts in order to implement various measures.
Division 1 of Part 3 amends the Bank Act to provide that the Investment Canada Act does not apply in respect of certain transactions made by foreign banks or entities associated with a foreign bank if the transactions are subject to an approval under the Bank Act , the Trust and Loan Companies Act or the Insurance Companies Act .
Division 2 of Part 3 amends the Bank of Canada Act to combine into a single Act the Bank of Canada’s powers, duties and functions related to the recovery of costs incurred by it for or in connection with the administration of certain Acts. It also makes related amendments to other Acts.
Division 3 of Part 3 amends the Canadian Payments Act to provide immunity for the Canadian Payment Association and certain individuals from any civil liability, other than in contract, for anything done or omitted to be done in good faith in the administration or discharge of any powers or duties conferred under that Act.
Division 4 of Part 3 amends the Employment Insurance Act to, among other things,
(a) extend, until October 7, 2028, 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;
(b) remove the description of the regions in which the workers must be ordinarily resident to be eligible for the increase;
(c) provide that those regions are established by regulation; and
(d) provide that paragraph 12(2.3)(b) of that Act is repealed on November 7, 2027.
Division 5 of Part 3 amends the Canada Pension Plan to reduce the contribution rate for employees, employers and self-employed persons for the year 2027 and each subsequent year.
Division 6 of Part 3 amends the Canada Transportation Act to require certain individuals and entities to provide the Minister of Transport with information that that Minister considers necessary for the exercise of the powers and the performance of the duties and functions of that Minister or for the development of transportation policies. The Division also amends that Act to specify the individuals and entities to whom such information may be communicated.
Division 7 of Part 3 amends the Canadian Food Inspection Agency Act to clarify the mandate of the Canadian Food Inspection Agency and authorize the Governor in Council to, in certain circumstances, exempt persons, things or activities, or classes of persons, things or activities, from the application of provisions of certain Acts of Parliament, or regulations made under those Acts, that are administered or enforced by the Agency. It also makes a consequential amendment to the Agriculture and Agri-Food Administrative Monetary Penalties Act .
Division 8 of Part 3 amends the Pest Control Products Act to, among other things,
(a) require the Minister of Health to consider, as appropriate, national economic security, regional economic security or national food security, for the purposes of that Act;
(b) authorize the Governor in Council to, by order, after that Minister has decided that they do not consider the environmental risks of a pest control product to be acceptable, register or amend the product’s registration to permit its use in the emergency control of a seriously detrimental infestation, or amend, reinstate, or both reinstate and amend the registration of the product, if the Governor in Council considers it necessary to do so to protect national economic security, regional economic security or national food security; and
(c) provide that the Governor in Council may establish conditions in the order.

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-30s:

C-30 (2022) Law Cost of Living Relief Act, No. 1 (Targeted Tax Relief)
C-30 (2021) Law Budget Implementation Act, 2021, No. 1
C-30 (2016) Law Canada-European Union Comprehensive Economic and Trade Agreement Implementation Act
C-30 (2014) Law Fair Rail for Grain Farmers Act

Votes

May 26, 2026 Passed 2nd reading of Bill C-30, An Act to implement certain provisions of the spring economic update tabled in Parliament on April 28, 2026
May 26, 2026 Failed 2nd reading of Bill C-30, An Act to implement certain provisions of the spring economic update tabled in Parliament on April 28, 2026 (reasoned amendment)
May 25, 2026 Passed Time allocation for Bill C-30, An Act to implement certain provisions of the spring economic update tabled in Parliament on April 28, 2026

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.

Bill C-30 implements the 2026 spring economic update, introducing measures for housing, skilled trades, infrastructure, and cost-of-living relief. While the government argues these investments ensure essential support and long-term resilience, the opposition contends the bill relies excessively on deficit spending and significantly increases the national debt.

Liberal

  • Providing targeted economic relief: The Liberal party advocates for Bill C-30 to implement the spring economic update, offering relief through grocery benefits, fuel tax suspensions, and strategic investments in essential infrastructure.
  • Expanding Canada's skilled workforce: Members highlight plans to train 100,000 new Red Seal trades workers by 2030, offering wage subsidies and apprenticeship grants to support construction and the industrial sector.
  • Building affordable housing: The party supports accelerating rental housing construction with billions in low-cost loans and removes municipal barriers while providing GST relief for first-time homebuyers to address the national housing crisis.
  • Establishing a sovereign wealth fund: The Liberals propose the Canada Strong fund, a national sovereign wealth fund designed to co-invest with institutional partners in large-scale infrastructure projects while delivering market returns to participating Canadians.

Conservative

  • Opposition to fiscal mismanagement: Conservatives condemn the bill as a credit card budget that doubles previous deficit projections and creates record debt service charges which now exceed federal health transfers to the provinces.
  • Critique of the sovereign wealth fund: The party rejects the proposed $25-billion fund, labeling it a sovereign debt fund because it is financed through borrowing rather than genuine surpluses or resource revenues.
  • Demand for permanent tax relief: Members argue the bill relies on temporary gimmicks rather than permanent solutions. They advocate for the complete removal of carbon and fuel taxes to address the affordability crisis facing families and farmers.
  • Prioritizing resource development: The party calls for repealing anti-development laws and ending the oil production cap. They argue that unleashing the oil and gas industry is essential to increasing national productivity and economic growth.

NDP

  • Shift towards conservative austerity: The NDP criticizes the government for adopting an austerity-leaning framework that prioritizes public service cuts and corporate incentives over the needs of Canadians struggling with affordability and rising costs.
  • Erosion of essential social programs: Members condemn cuts to health care, mental health funding, and transit, arguing that ending support for disability programs hurts the most vulnerable while the government shifts focus toward private sector growth.
  • Public subsidies for private corporations: The party opposes using public funds to subsidize private projects through the new wealth fund, advocating instead for a windfall tax on oil and gas companies to address record wealth inequality.
  • Failure to meet climate targets: The NDP highlights the government's failure to meet 2030 climate goals, stating that cancelled targets and delays in decarbonization represent an abandonment of environmental responsibilities in favor of pipeline expansion.

Bloc

  • Addressing trade tariff crises: The Bloc criticizes the government for failing to address major tariff crises affecting the forestry and aluminum sectors, arguing the update neglects Quebec's industrial base while focusing on oil and gas.
  • Redirecting oil and gas subsidies: Members call for the elimination of oil and gas subsidies, proposing that funds be redirected toward direct support for low-income individuals, social housing, and increased pensions for seniors aged 65 to 74.
  • Reforming Employment Insurance: The party advocates for returning the administration of Employment Insurance to Quebec, criticizing the current federal system for paying benefits to only a small fraction of contributors.
  • Protecting food safety standards: The Bloc expresses concern over changes to the mandates of the Canadian Food Inspection Agency and the Pest Management Regulatory Agency, fearing that prioritizing economic issues could compromise public health and safety.
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Spring Economic Update 2026 Implementation ActGovernment Orders

May 6th, 2026 / 5:35 p.m.

Conservative

Gabriel Hardy Conservative Montmorency—Charlevoix, QC

Mr. Speaker, this is very odd. In 2024, England set up a fund exactly like that. It was a fund directly financed with debt. The British Parliament refused to call it a sovereign wealth fund because that is not what it was. The term does exist, and it applies in some countries, such as Norway. However, the concept we are discussing is not a real sovereign wealth fund.

Oddly enough, our current Prime Minister was a consultant. He was there to help the British Parliament put that in place. He knows that this is not a sovereign wealth fund. He is using the term, but not the concept.

In my opinion, that is a mistake.

Spring Economic Update 2026 Implementation ActGovernment Orders

May 6th, 2026 / 5:35 p.m.

Winnipeg North Manitoba

Liberal

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

Mr. Speaker, the member is just wrong. It is a sovereign wealth fund. Many countries around the world have sovereign wealth funds. Conservatives can say whatever they want, but at the end of the day, it is a sovereign wealth fund.

The other thing that is very clear is that we have the unholy alliance of the Conservatives and the Bloc making the decision that Canada should not have a sovereign wealth fund. They cannot make the connection between the major projects, the sovereign wealth fund and how billions of dollars are going to be used for such things as, in some cases, those major projects moving forward and, in other cases, different ways that funds can be brought in to create thousands of jobs and all sorts of economic opportunities.

Why are the Conservatives stopping progress—

Spring Economic Update 2026 Implementation ActGovernment Orders

May 6th, 2026 / 5:35 p.m.

The Assistant Deputy Speaker John Nater

The hon. member for Montmorency—Charlevoix.

Spring Economic Update 2026 Implementation ActGovernment Orders

May 6th, 2026 / 5:35 p.m.

Conservative

Gabriel Hardy Conservative Montmorency—Charlevoix, QC

Mr. Speaker, it is always rather funny to hear our Liberal colleagues speaking to us as though their words are actually backed up by results. They talk about a wealth fund, meaning a fund containing wealth, but it is actually financed through debt.

I said that the British Parliament refused to call it that. It was not the Conservatives in Canada who did so, but the British Parliament. The Prime Minister was an adviser on the project. He was told it would not be called that.

The other thing my colleague just said is that Canadians are not being given the chance to make a decision. Indeed, that is what the Liberals have been doing for the past 11 years. They spend without restraint. They impose their decisions on Canadians by telling them that it is the right thing to do and that they have nothing to worry about, but we go further into debt year after year. Things are not getting any better. The country's finances are not getting any better. Over the next five years, we will lose an average of $55 billion a year. They want us to believe that money will suddenly start growing on trees and everything will be fine.

That is gambling with taxpayers' money, and it is a mistake.

Spring Economic Update 2026 Implementation ActGovernment Orders

May 6th, 2026 / 5:35 p.m.

Conservative

Tamara Jansen Conservative Cloverdale—Langley City, BC

Mr. Speaker, a recent study by the Montreal Economic Institute estimates that the government's buy Canada policy could drive up costs by more than $12 billion a year. During an affordability crisis, does my colleague think paying much higher prices for Liberal vanity projects like Alto rail is the best way to help Canadians keep more of their hard-earned dollars in their pockets?

Spring Economic Update 2026 Implementation ActGovernment Orders

May 6th, 2026 / 5:35 p.m.

Conservative

Gabriel Hardy Conservative Montmorency—Charlevoix, QC

Mr. Speaker, that is an excellent question.

Once again, it is a grand idea. Canada is going to build a high-speed rail system at the taxpayers' expense. California is currently trying it out. It has already cost $300 billion, and it is not over yet. Here, they say it will cost $90 billion, but they do not say how much a ticket will cost. They are selling a project, but they are not saying how many people will be on it or how much it will cost to maintain.

We already have airlines operating between Toronto and Montreal and between Montreal and Quebec City. They pay taxes and create jobs. Now the government is going to take responsibility for this and use public funds to compete with the private sector. What is more, the government is not telling people how much it will cost to ride this infamous train. It may turn out to be more expensive and less efficient than flying. Families will not use that train, but they will be paying for it their whole lives, for generations to come.

Spring Economic Update 2026 Implementation ActGovernment Orders

May 6th, 2026 / 5:35 p.m.

Conservative

Dan Mazier Conservative Riding Mountain, MB

Mr. Speaker, the bill is about how much money the Liberals have actually wasted here. The PrescribeIT program is a blinding example, and it is absolutely a waste of $300 million.

Canada Health Infoway is a so-called non-profit organization funded by the federal Minister of Health. For nearly a decade, the Liberals poured money into a program called “PrescribeIT”. They promised PrescribeIT would eliminate fax machines for prescription drugs, but as a result, it was a $300-million failure.

There was $300 million spent, and fewer than 5% of prescriptions ever made were on the platform. In my province of Manitoba, a province of over one million people, the program collected just over $1,200 in fee revenue over 15 months. The Liberals promised that it would be financially self-sustainable. What a joke. However, after spending $300 million with nothing to show for it, the Liberals quietly shut down the program and hoped that Canadians would never notice.

The CEO of Canada Health Infoway, who refused to disclose his own salary at the health committee, was earning nearly $900,000 a year while this was happening. This was for a non-profit organization. He was fired last month, after the Conservatives launched an investigation.

This is what Liberal spending looks like. It is a black hole with no accountability.

The House resumed from May 6 consideration of the motion that Bill C-30, An Act to implement certain provisions of the spring economic update tabled in Parliament on April 28, 2026, be read the second time and referred to a committee.

Second ReadingSpring Economic Update 2026 Implementation ActGovernment Orders

May 25th, 2026 / 1:20 p.m.

Liberal

Judy Sgro Liberal Humber River—Black Creek, ON

Mr. Speaker, I will be sharing my time with the member for Spadina—Harbourfront.

This is my first opportunity to speak to Bill C-30, and I welcome the opportunity to talk about the way we are going to guide our great country forward. I am very proud to rise today in support of the government's spring economic update, which is an update grounded in realism, responsibility and, above all, the lived experiences of many Canadians.

This document recognizes that while global forces remain uncertain, Canada is choosing to lead with focus and purpose. It shows that we are investing where it matters most: in people, communities and long-term economic resilience. This funding supports frontline responses that prioritize safety, dignity and coordination with municipal and community partners. It recognizes that addressing homelessness requires sustained federal leadership, not temporary fixes, and it ensures that communities are not left on their own.

The people of Humber River—Black Creek are proud of the diversity that defines our neighbourhoods, but they know that rising hate-motivated incidents are real and very terrible. They undermine people's sense of safety and belonging. That is why continued investments in the Canada community security program matter. Supporting places of worship, community centres and cultural institutions with enhanced security is not about fear, but ensuring that every Canadian feels safe participating fully in public life.

Economic strength and social cohesion go hand in hand. We cannot have one without the other.

My community is powered by workers, many of whom are in small and medium-sized enterprises, family businesses and co-operatives. The spring economic update's decision to make the employee ownership trust tax exemption permanent is a practical, forward-looking measure. It would help workers buy into the businesses they helped build, support succession planning for local entrepreneurs and keep jobs rooted in communities like Humber River—Black Creek, instead of being sold off or hollowed out. This is an economic policy that rewards work, loyalty and shared prosperity.

Affordability measures are felt especially sharply right now by students and young people. Many families in my riding rely on federal student support to make education possible. That is why extending enhanced Canada student grants and interest-free Canada student loans for the 2026-27 academic year is so very significant. In Ontario, approximately 400,000 students would benefit from these programs. This is about keeping the doors open so that post-secondary education remains a pathway to opportunity, not a barrier or a debt.

Economic growth is meaningful only if it improves daily life. Investments through programs like the build communities strong fund recognize that community infrastructure, recreation centres, parks and public spaces are essential to healthy neighbourhoods for everyone. These investments support youth, families, seniors and newcomers. They create safe places to gather, stay active and build connections. In communities like mine, this is how opportunities become tangible.

Let me also highlight the renewed support for the community volunteer income tax program. In Ontario alone, over 330,000 returns were filed last year through local clinics that help people with modest incomes, free of charge, access the benefits they are entitled to. For four Saturdays in a row, my constituency office, together with volunteers and community officers, filled out well over 800 income tax forms for many of my constituents. Renewing and expanding this program mean that seniors, newcomers, students and low-income families in Humber River—Black Creek can continue to access vital supports without barriers.

The spring economic update also looks to the future. The upcoming Canada investment summit, which will be held in Toronto, will reinforce Ontario's and Canada's position as a global destination for investment in advanced manufacturing, infrastructure, clean energy and artificial intelligence. This builds on our strengths, creates jobs and helps diversify trade at a time when resilience matters more than ever.

At the same time, Canada continues to maintain fiscal discipline. The deficit outlook has improved and investments are clearly targeted, not scattershot. Borrowing is focused on building capacity, not papering over problems.

This spring economic update reflects the simple but powerful idea that economic policy should be measured by how it shows up in people's lives. In communities like Humber River—Black Creek, it shows up as safer communities, as support for students and workers, as help for families struggling with affordability, and as investments that strengthen neighbourhoods and create opportunity. That is why I am so proud to support this update, and why I believe it deserves the support of everyone in the House. This will help to move Canada forward, to move our businesses forward and to move many communities like Humber River forward to provide more opportunity for the many people who are struggling today and will clearly move forward in a much better way.

I am thankful for the opportunity to speak to this issue today. I look forward to it getting through the House and off to committee, and eventually through Parliament and through the Senate.

Second ReadingSpring Economic Update 2026 Implementation ActGovernment Orders

May 25th, 2026 / 1:30 p.m.

Conservative

Randy Hoback Conservative Prince Albert, SK

Mr. Speaker, I have worked with my colleague on the trade committee in the past, and I know she is someone who understands trade and how important it is for Canadian products to get to the world market.

The concern I have in her speech is that she talked about the importance of trade, but she did not mention the fact that if we cannot get the product to market, how do we actually achieve those results? One of the problems we have in Canada is that our ports are ranked next to dead last and our rail system is unreliable. Our infrastructure is just not there.

Where does the member see growth happening with this budget if it does not address the issues with our ports?

Second ReadingSpring Economic Update 2026 Implementation ActGovernment Orders

May 25th, 2026 / 1:30 p.m.

Liberal

Judy Sgro Liberal Humber River—Black Creek, ON

Mr. Speaker, the member was also a member of the international trade committee for many years. We have had the opportunity to work together and very much care about similar issues.

We are looking at the infrastructure dollars and the improvements that have to happen at the ports. I read this morning about two bridges that lead to the port of Vancouver and how those bridges have to be replaced. Otherwise, we are not going to be able to get anything to the port of Vancouver from that direction.

I believe the investment we are making will improve those access points. The member is 100% right: If we do not have access to the ports, how are we going to get our different goods there? I think that is all part of the plan for the future to make that difference.

Second ReadingSpring Economic Update 2026 Implementation ActGovernment Orders

May 25th, 2026 / 1:30 p.m.

Bloc

Maxime Blanchette-Joncas Bloc Rimouski—La Matapédia, QC

Mr. Speaker, in her speech, my colleague talked about the importance of affordability in the economic update. The economic update talks about the new initiative announced by the government, specifically Build Canada Homes. The government plans to build 26,000 new homes over the next few years, but the need is much greater. The Parliamentary Budget Officer reported that 690,000 homes need to be built.

With that in mind, I would really like my colleague to explain something. The government is not meeting even 5% of the need. In her opinion, is that what it means to take care of people when it comes to housing affordability and accessibility?

Second ReadingSpring Economic Update 2026 Implementation ActGovernment Orders

May 25th, 2026 / 1:30 p.m.

Liberal

Judy Sgro Liberal Humber River—Black Creek, ON

Mr. Speaker, I know the member cares, as we all do, about ensuring that we can get much more housing out there, built by working with private developers and utilizing lots of land that are owned by different municipalities and provinces, and by us all coming together.

I am very confident that we will have much more than that small amount that he referenced. The need is tremendous and we all know that. We are all doing everything possible to move things along as fast as we can.

Second ReadingSpring Economic Update 2026 Implementation ActGovernment Orders

May 25th, 2026 / 1:30 p.m.

Winnipeg North Manitoba

Liberal

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

Mr. Speaker, I want to pick up on the issue of trade.

The Conservative member made reference to ports. Within the last year, with our Prime Minister, we actually have serious investments in major projects, including in the port of Montreal. It is one of the major projects.

The member also talked about something that is really important to Manitoba, and that is the port of Churchill. For the first time in generations, there is a great deal of optimism about the port of Churchill actually moving forward, which is great for the province, but also, like the port of Montreal, it is good for Canada when we look at investments of that nature.

Could the member provide her thoughts on how important it is that we continue to look at major projects and investing in Canada's infrastructure?

Second ReadingSpring Economic Update 2026 Implementation ActGovernment Orders

May 25th, 2026 / 1:30 p.m.

Liberal

Judy Sgro Liberal Humber River—Black Creek, ON

Mr. Speaker, I am glad to see that my hon. colleague is feeling better and that he is back and standing up and down in his usual role in the House.

It is interesting that he mentions the port of Churchill. We did have a former member of the NDP who was constantly talking about the port of Churchill. That is the reason why, when the hon. member mentions it, I am so very well aware of it.

It will cost a lot of money, but there are enormous opportunities if we can develop. Through our Major Projects Office, all of those things where there are huge opportunities for us to move forward are making themselves available. I just had an opportunity, with our trade committee, to visit Brazil and Argentina and talk about the free trade agreement with the Mercosur area, which we plan to hopefully get signed by the summer. There are opportunities that are provided, with the investments we are making in major infrastructure products, to be able to move merchandise and agricultural goods through much faster. I look forward to that being successfully completed.