C-301453-4Charles III2025-2026An Act to implement certain provisions of the spring economic update tabled in Parliament on April 28, 2026Spring Economic Update 2026 Implementation ActSpring Economic Update 2026 Implementation Act20266
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22202691264RECOMMENDATIONHer Excellency the Governor General recommends to the House of Commons the appropriation of public revenue under the circumstances, in the manner and for the purposes set out in a measure entitled “An Act to implement certain provisions of the spring economic update tabled in Parliament on April 28, 2026”.SUMMARYPart 1 implements certain measures in respect of the Income Tax Act and the Income Tax Regulations bymodifying 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;making permanent the capital gains tax exemption for the sale of a business to an employee ownership trust or a worker co-operative;extending the repayment grace period under the Home Buyers’ Plan;providing temporary immediate expensing for eligible greenhouse buildings; andimproving 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 Payments 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,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;remove the description of the regions in which the workers must be ordinarily resident to be eligible for the increase;provide that those regions are established by regulation; andprovide 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,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;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; andprovide that the Governor in Council may establish conditions in the order.TABLE OF PROVISIONSAn Act to implement certain provisions of the spring economic update tabled in Parliament on April 28, 2026Short TitleSpring Economic Update 2026 Implementation ActAmendments to the Income Tax Act and the Income Tax RegulationsAmendments Relating to the Fuel Excise Tax Relief and the Alcohol Excise Duty ReliefVarious MeasuresBank ActBank of Canada ActCanadian Payments ActEmployment Insurance ActCanada Pension PlanCanada Transportation ActCanadian Food Inspection Agency ActPest Control Products ActHis Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:Short Title
Short titleThis Act may be cited as the Spring Economic Update 2026 Implementation Act.
Amendments to the Income Tax Act and the Income Tax RegulationsR.S., c. 1 (5th Supp.)Income Tax Act
Subparagraph 8(1)(t)(i) of the Income Tax Act is replaced by the following:$10,000, andSubparagraph 8(14)(c)(v) of the Act is replaced by the following:the distance between the ordinary residence and each temporary work location of the taxpayer referred to in subparagraph (i) is not less than 120 kilometres greater than the distance between each temporary lodging referred to in subparagraph (iv) and each temporary work location of the taxpayer referred to in subparagraph (i);Subsections (1) and (2) apply to the 2026 and subsequent taxation years.
The portion of subsection 110.61(1) of the Act before paragraph (a) is replaced by the following:
Capital gains deduction for qualifying business transfer — conditionsSubsection (2) applies to an individual (other than a trust) if, at the time of a disposition (referred to in this section as the “disposition time”) of shares of the capital stock (referred to in this section as the “subject shares”) of a corporation (referred to in this section as the “subject corporation”) to a trust (or to a purchaser corporation wholly owned by the trust) that occurred after 2023 under a qualifying business transfer, the following conditions are met:
The portion of subsection 110.62(1) of the Act before paragraph (a) is replaced by the following:
Deduction for qualifying cooperative conversion — conditionsSubsection (2) applies to an individual (other than a trust) if, at the time of a disposition (referred to in this section as the “disposition time”) of shares of the capital stock (referred to in this section as the “subject shares”) of a corporation (referred to in this section as the “subject corporation”) to another corporation (referred to in this section as the “purchaser corporation”) that occurred after 2023 under a qualifying cooperative conversion, the following conditions are met:
Subsection 117.1(2) of the Act is amended by adding the following after paragraph (b):the amount of $10,000 referred to in subparagraph 8(1)(t)(i), for a taxation year that begins after 2026;
The portion of subsection 146.01(4.1) of the Act before paragraph (a) is replaced by the following:Temporary repayment relief — applicationIf the completion date in respect of an eligible amount received by an individual is after 2022 and before 2030Paragraphs 146.01(4.2)(e) and (f) of the Act are replaced by the following:the year is 2028 and the completion date in respect of the amount was in 2025, 2026 or 2027;the year is 2029 and the completion date in respect of the amount was in 2026, 2027 or 2028;the year is 2030 and the completion date in respect of the amount was in 2027, 2028 or 2029;the year is 2031 and the completion date in respect of the amount was in 2028 or 2029; andthe year is 2032 and the completion date in respect of the amount was in 2029.
C.R.C., c. 945Income Tax Regulations
Subsection 1100(1) of the Income Tax Regulations is amended by adding “and” at the end of paragraph (zd) and by replacing the heading before paragraph (ze) and paragraphs (ze) to (zh) with the following:Special Allowance — Eligible Greenhousessuch amount as the taxpayer claims in respect of property that is an eligible greenhouse for which a separate class is prescribed by subsection 1101(5w) not exceeding the amount determined by the formulaA × BwhereAisif the greenhouse becomes available for use in the year, the undepreciated capital cost to the taxpayer of the property of that class as of the end of the year (before making any deduction under this subsection for the year), andin any other case, nil, andBis, if the year endsbefore 2030, 100%,in 2030 or 2031, 75%,in 2032 or 2033, 55%, andafter 2033, 0%.Section 1100 of the Regulations is amended by adding the following after subsection (1):Eligible greenhouses — first-year deductionsIf a deduction is available in respect of an eligible greenhouse of a taxpayer under paragraph (1)(ze) for a taxation year, then, despite any other provision in this section, the taxpayer may not deduct any other amount permitted under this Part in respect of the greenhouse for the year.The portion of paragraph (a) of the description of A.1 in subsection 1100(2) of the Regulations before subparagraph (i) is replaced by the following:if the property is not included in paragraph (1)(v) or (ze) or in any of Classes 12, 13, 14, 15, 43.1, 44, 46, 50, 53, 54, 55, 56 and 59 or in Class 43 in the circumstances described in paragraph (f),Subsection 1100(3) of the Regulations is replaced by the following:Where a taxation year is less than 12 months, the amount allowed as a deduction under this section, other than under subsection (0.1) and any of paragraphs (1)(c), (e), (f), (g), (m), (w), (x), (y), (ya) and (ze), shall not exceed that proportion of the maximum amount otherwise allowable that the number of days in the taxation year is of 365.Subsections (1) to (4) are deemed to have come into force on November 4, 2025.
Section 1101 of the Regulations is amended by adding the following after subsection (5v):Eligible GreenhousesFor the purposes of this Part, a separate class is prescribed for each eligible greenhouse of a taxpayer in respect of which the taxpayer has elected (in the taxpayer’s return of income under Part I of the Act for the taxation year in which the greenhouse is acquired) that this subsection apply.Subsection (1) is deemed to have come into force on November 4, 2025.
The portion of subsection 1102(20.1) of the Regulations before paragraph (b) is replaced by the following:For the purposes of subsections 1100(0.3), (2.02) and (2.021) and 1104(2), (3.1), (4) and (4.01), a particular person or partnership and another person or partnership shall be considered not to be dealing at arm’s length with each other in respect of the acquisition or ownership of a property if, in the absence of this subsection, they would be considered to be dealing at arm’s length with each other and it may reasonably be considered that the principal purpose of any transaction or event, or a series of transactions or events, is to causethe property to qualify as accelerated investment incentive property, reaccelerated investment incentive property, immediate expensing property or an eligible greenhouse; orParagraph 1102(26)(b) of the Regulations is replaced by the following:the following are prescribed programs:the federal purchase incentive announced on March 19, 2019, andthe Electric Vehicle Affordability Program announced on February 5, 2026.Section 1102 of the Regulations is amended by adding the following after subsection (26):Rules for Additions to and Alterations of Certain GreenhousesFor the purposes of applying paragraph 1100(1)(ze) and subsection 1101(5w), the capital cost to a taxpayer of an addition to or an alteration of the taxpayer’s greenhouse is deemed to be the capital cost to the taxpayer of a separate greenhouse.Acquisition Costs of Eligible GreenhousesFor the purposes of this Part and Schedule II, if a greenhouse of a taxpayer was under construction on November 4, 2025 and the greenhouse would be an eligible greenhouse (as defined in subsection 1104(2) if that definition were read without reference to its paragraph (b)), the portion, if any, of the capital cost of the greenhouse that was incurred by the taxpayer before November 4, 2025 and has not been deducted under paragraph 20(1)(a) of the Act is deemed to have been incurred by the taxpayer on November 4, 2025, unless the taxpayer elects (in the taxpayer’s return of income under Part I of the Act for the taxation year in which the greenhouse was acquired) that this subsection not apply to that cost.Subsections (1) and (3) are deemed to have come into force on November 4, 2025.Subsection (2) is deemed to have come into force on February 16, 2026.
Subsection 1104(2) of the Regulations is amended by adding the following in alphabetical order:eligible greenhouse means a property of a taxpayer thatis located in Canada,is acquired by the taxpayer after November 3, 2025,is included inClass 6 in Schedule II because of paragraph (d) of that Class, orClass 8 in Schedule II because of paragraph (m) of that Class, andmeets either of the following conditions:the property is not a property in respect of which an amount has been deducted under paragraph 20(1)(a) or subsection 20(16) of the Act by any person or partnership for a taxation year ending before the time the property was acquired by the taxpayer, orthe property was notacquired in circumstances wherethe taxpayer was deemed to have been allowed or deducted an amount under paragraph 20(1)(a) of the Act in respect of the property in computing income for previous taxation years, orthe undepreciated capital cost of depreciable property of a prescribed class of the taxpayer was reduced by an amount determined by reference to the amount by which the capital cost of the property to the taxpayer exceeds its cost amount, orpreviously owned or acquired by the taxpayer or by a person or partnership with which the taxpayer did not deal at arm’s length at any time when the property was owned or acquired by the person or partnership; (serre admissible)Subsection (1) is deemed to have come into force on November 4, 2025.
Amendments Relating to the Fuel Excise Tax Relief and the Alcohol Excise Duty ReliefR.S., c. E-15Excise Tax Act
Schedule I to the Excise Tax Act is amended by adding the following after section 9.1:
If excise tax imposed under section 23 of the Act in respect of a quantity of unleaded gasoline, unleaded aviation gasoline, leaded aviation gasoline, diesel fuel or aviation fuel becomes payable at a time that is after April 19, 2026 and before September 8, 2026, the following rules apply in determining the amount of that tax:the reference to “$0.10” in paragraph 9(a) is to be read as a reference to “$0.00”;the reference to “$0.11” in paragraph 9(b) is to be read as a reference to “$0.00”; andthe reference to “$0.04” in section 9.1 is to be read as a reference to “$0.00”.
Subsection (1) is deemed to have come into force on April 20, 2026.
R.S., c. E-14Excise Act
Section 170.2 of the Excise Act is amended by adding the following after subsection (2.3):Adjustment — 2026In respect of the inflationary adjusted year that is 2026, the description of B in paragraph (2)(a) is deemed to be equal to 1.02.Adjustment — 2027In respect of the inflationary adjusted year that is 2027, if the amount determined for B in paragraph (2)(a) without reference to this subsection is greater than 1.02, the description of B in that paragraph is deemed to be equal to 1.02.Subsection (1) is deemed to have come into force on April 1, 2026.
Paragraphs 1(a) to (c) of Part II.1 of the schedule to the Act are amended by replacing “10%” with “5%”.Paragraphs 1(a) to (c) of Part II.1 of the schedule to the Act, as amended by subsection (1), are amended by replacing “5%” with “10%”.Subsection (1) is deemed to have come into force on April 1, 2026.Subsection (2) comes into force on April 1, 2028.
Paragraphs 2(a) to (c) of Part II.1 of the schedule to the Act are amended by replacing “20%” with “10%”.Paragraphs 2(a) to (c) of Part II.1 of the schedule to the Act, as amended by subsection (1), are amended by replacing “10%” with “20%”.Subsection (1) is deemed to have come into force on April 1, 2026.Subsection (2) comes into force on April 1, 2028.
Paragraphs 3(a) to (c) of Part II.1 of the schedule to the Act are amended by replacing “40%” with “20%”.Paragraphs 3(a) to (c) of Part II.1 of the schedule to the Act, as amended by subsection (1), are amended by replacing “20%” with “40%”.Subsection (1) is deemed to have come into force on April 1, 2026.Subsection (2) comes into force on April 1, 2028.
2002, c. 22Excise Act, 2001
Section 123.1 of the Excise Act, 2001 is amended by adding the following after subsection (2.3):Adjustment — 2026In respect of the inflationary adjusted year that is 2026, the description of B in paragraph (2)(a) is deemed to be equal to 1.02.Adjustment — 2027In respect of the inflationary adjusted year that is 2027, if the amount determined for B in paragraph (2)(a) without reference to this subsection is greater than 1.02, the description of B in that paragraph is deemed to be equal to 1.02.Subsection (1) is deemed to have come into force on April 1, 2026.
Section 135.1 of the Act is amended by adding the following after subsection (2.3):Adjustment — 2026In respect of the inflationary adjusted year that is 2026, the description of B in paragraph (2)(a) is deemed to be equal to 1.02.Adjustment — 2027In respect of the inflationary adjusted year that is 2027, if the amount determined for B in paragraph (2)(a) without reference to this subsection is greater than 1.02, the description of B in that paragraph is deemed to be equal to 1.02.Subsection (1) is deemed to have come into force on April 1, 2026.
Various Measures1991, c. 46Bank ActAmendments to the Act
Subsection 522.34(1) of the Bank Act is replaced by the following:
Investment Canada ActThe Investment Canada Act does not apply in respect of any of the following, whether it occurs directly or indirectly, if it is subject to approval under this Act, the Trust and Loan Companies Act or the Insurance Companies Act:the acquisition of control of a Canadian business that is an entity referred to in any of paragraphs 468(1)(a) to (f) by a foreign bank or by an entity associated with a foreign bank;the acquisition, in whole or in part, of an entity referred to in paragraph 25.1(c) of the Investment Canada Act that is an entity referred to in any of paragraphs 468(1)(a) to (f) by a foreign bank or by an entity associated with a foreign bank;the establishment of a new Canadian business, or of an entity referred to in paragraph 25.1(c) of the Investment Canada Act, that is the insurance business in Canada of a foreign insurance company that is a foreign bank, or an entity associated with a foreign bank, to which Part XII does not apply;the acquisition of control of a Canadian business by an entity referred to in any of paragraphs 468(1)(a) to (f) that is controlled by a foreign bank or by an entity associated with a foreign bank;the acquisition, in whole or in part, of an entity referred to in paragraph 25.1(c) of the Investment Canada Act by an entity referred to in any of paragraphs 468(1)(a) to (f) that is controlled by a foreign bank or by an entity associated with a foreign bank;the establishment of a new Canadian business, or of an entity referred to in paragraph 25.1(c) of the Investment Canada Act, by a foreign bank to which Part XII applies, or by an entity associated with a foreign bank to which that Part applies, that has a financial establishment in Canada or would have one by virtue of the establishment of the new Canadian business or the entity;the acquisition of control of a Canadian business by a foreign bank to which Part XII applies, or by an entity associated with a foreign bank to which that Part applies, that has a financial establishment in Canada or would have one by virtue of the acquisition; andthe acquisition, in whole or in part, of an entity referred to in paragraph 25.1(c) of the Investment Canada Act by a foreign bank to which Part XII applies, or by an entity associated with a foreign bank to which that Part applies, that has a financial establishment in Canada or would have one by virtue of the acquisition.
Subsection 522.34(2) of the Act is amended by adding the following in alphabetical order:Canadian business has the same meaning as in section 3 of the Investment Canada Act. (entreprise canadienne)new Canadian business has the same meaning as in section 3 of the Investment Canada Act. (nouvelle entreprise canadienne)
Coming into Force
120th day after royal assentThis Division comes into force on the 120th day after the day on which this Act receives royal assent.
R.S., c. B-2Bank of Canada ActAmendments to the Act
Section 2 of the Bank of Canada Act is amended by adding the following in alphabetical order:entity subject to assessment fees means any of the following entities:registered payment service provider; (entité assujettie à des frais d’évaluation)registered payment service provider means a payment service provider, as defined in section 2 of the Retail Payment Activities Act, that is registered under section 25 of that Act; (fournisseur de services de paiement enregistré)Section 2 of the Act is amended by adding the following in alphabetical order:accredited third-party service provider means a third-party service provider, as defined in section 2 of the Consumer-Driven Banking Act, that is accredited under section 32 of that Act; (tiers fournisseur de services accrédité)The definition entity subject to assessment fees in section 2 of the Act is amended by adding, in alphabetical order, a reference to “accredited third-party service provider” in the list of entities.Section 2 of the Act is amended by adding the following in alphabetical order:clearing house has the same meaning as in section 2 of the Payment Clearing and Settlement Act; (chambre de compensation)The definition entity subject to assessment fees in section 2 of the Act is amended by adding, in alphabetical order, a reference to “clearing house” in the list of entities.Section 2 of the Act is amended by adding the following in alphabetical order:external complaints body has the same meaning as in section 2 of the Consumer-Driven Banking Act; (organisme externe de traitement des plaintes)The definition entity subject to assessment fees in section 2 of the Act is amended by adding, in alphabetical order, a reference to “external complaints body” in the list of entities.Section 2 of the Act is amended by adding the following in alphabetical order:issuer has the same meaning as in section 2 of the Stablecoin Act; (émetteur)The definition entity subject to assessment fees in section 2 of the Act is amended by adding, in alphabetical order, a reference to “issuer” in the list of entities.Section 2 of the Act is amended by adding the following in alphabetical order:participating entity has the same meaning as in section 2 of the Consumer-Driven Banking Act; (entité participante)The definition entity subject to assessment fees in section 2 of the Act is amended by adding, in alphabetical order, a reference to “participating entity” in the list of entities.
The Act is amended by adding the following after section 30.1:Assessment of Fees
Bank to ascertain expensesThe Bank must, before September 30 of each year, ascertain the total amount of expenses incurred by it during the immediately preceding calendar year for or in connection with the administration of the Consumer-Driven Banking Act, the Payment Clearing and Settlement Act, the Retail Payment Activities Act and the Stablecoin Act and deduct from that amountthe amounts of any categories of expenses provided for in the regulations in relation to any group of entities subject to assessment fees provided for in the regulations; andthe amounts of any fees or costs paid to it in that calendar year under any of the following provisions:subsections 15(2), 17(2), 19(2) and 32(2) of the Consumer-Driven Banking Act,section 11.18 of the Payment Clearing and Settlement Act,subsection 29(2) of the Retail Payment Activities Act, andsubsection 17(5) of the Stablecoin Act.Amount conclusiveThe amount ascertained is final and conclusive for the purposes of this section.AssessmentAs soon as feasible after ascertaining the amount under subsection (1), the Bank must, in the manner and to the extent provided for in the regulations, assess against each entity subject to assessment fees a portion of the total amount of expenses that is attributable to those entities.Absence of regulationsIf there are no regulations made under paragraph 30.6(d), the Bank must issue guidelines regarding the assessment referred to in subsection (3) and must exercise its powers and perform its duties and functions under that subsection in accordance with those guidelines.Interim assessmentThe Bank may, during each calendar year, prepare an interim assessment against any entity subject to assessment fees.Categories of entitiesIn assessing fees under subsections (3) to (5), the Bank must take into account any categories of entities — and the expenses associated with those categories — provided for in the regulations.Absence of regulationsIf there are no regulations made under paragraph 30.6(e), the Bank may establish categories of entities — and the expenses associated with those categories — and take them into account in assessing fees under subsections (3) to (5).
Assessment of particular expensesThe Bank may assess, against any entity subject to assessment fees, a charge provided for in the regulations and applicable disbursements for any service provided by or on behalf of the Bank for the entity’s benefit or for the benefit of a group of entities of which the entity is a member.
Assessment bindingEvery assessment and interim assessment made under section 30.2 or 30.3 is final and conclusive and binding on the entity subject to assessment fees against which it is made.RecoveryEvery assessment and interim assessment constitutes a debt due to the Bank, is immediately payable and may be recovered as a debt in any court of competent jurisdiction.InterestInterest may be charged on the unpaid amount of an assessment or interim assessment at a rate equal to 2% plus the rate in effect that is prescribed under the Income Tax Act for amounts payable by the Minister of National Revenue as refunds of overpayments of tax under that Act.
Request for informationThe Bank may request in writing that an entity subject to assessment fees provide the Bank, within the time and in the manner provided for in the regulations or, if no regulations are made, within the time and in the manner determined by the Bank, with any information that the Bank considers necessary for the purposes of any of subsections 30.2(3) to (5) or section 30.3.Compliance with requestThe entity subject to assessment fees must comply with the request.
RegulationsThe Governor in Council may make regulationsamending the definition entity subject to assessment fees, as defined in section 2, to add or remove any entity or category of entities that are subject to an Act referred to in subsection 30.2(1);amending section 2 by adding a definition of any entity or category of entities that is added to the definition entity subject to assessment fees, as defined in that section, by a regulation made under paragraph (a);respecting the categories of expenses and groups of entities subject to assessment fees referred to in paragraph 30.2(1)(a);respecting the assessment of fees for the purposes of subsection 30.2(3);respecting, for the purposes of subsection 30.2(6), the categories of entities and the expenses associated with each category;respecting any charges that the Bank may assess under section 30.3; andrespecting, for the purposes of subsection 30.5(1), the time and manner in which information is to be provided.
Related Amendments1996, c. 6, Sch.Payment Clearing and Settlement Act
Section 12.1 of the Payment Clearing and Settlement Act is repealed.
2021, c. 23, s. 177Retail Payment Activities Act
The portion of subsection 11(1) of the Retail Payment Activities Act before paragraph (a) is replaced by the following:
Governor’s ordersIf a provision of a federal or provincial Act or regulation applies to or in respect of a payment service provider that performs retail payment activities or a class of payment service providers that perform retail payment activities and the Governor is of the opinion that the provision is substantially similar to any of the following provisions of this Act or its regulations, or of the Bank of Canada Act or its regulations, then the Governor may, by order, specify the provision of this Act or its regulations, or of the Bank of Canada Act or its regulations, and the payment service provider or class of payment service provider:
Paragraphs 11(1)(d) and (e) of the Act are replaced by the following:sections 59, 94 and 95 of this Act and sections 30.2 to 30.4 of the Bank of Canada Act; anda provision of the regulations under this Act or the Bank of Canada Act that is made for the purposes of any of the provisions referred to in paragraphs (a) to (d).
Part 6 of the Act is repealed.
Paragraph 101(1)(h) of the Act is replaced by the following:designating, as a violation that may be proceeded with under Part 5, the contravention of a specified provision of this Act or its regulations, of sections 30.2 to 30.5 of the Bank of Canada Act or of regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act;
2026, c. 3, s. 224Consumer-Driven Banking Act
Subsection 23(1) of the Consumer-Driven Banking Act is replaced by the following:
SuspensionThe Bank may suspend a participating entity’s accreditation if the Bank is satisfied that the participating entity has contravened this Act or its regulations, sections 30.2 to 30.5 of the Bank of Canada Act or regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act.
Section 25 of the Act is replaced by the following:
Notice of intent to revoke accreditationThe Bank may give a participating entity a notice of intent to revoke the participating entity’s accreditation if the Bank is satisfied that the participating entity has contravened this Act or its regulations, sections 30.2 to 30.5 of the Bank of Canada Act or regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act. A notice of intent must include reasons.
Subsection 36(1) of the Act is replaced by the following:
SuspensionThe Bank may suspend an accredited third-party service provider’s accreditation if the Bank is satisfied that the accredited third-party service provider has contravened this Act or its regulations, sections 30.2 to 30.5 of the Bank of Canada Act or regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act.
Section 38 of the Act is replaced by the following:
Notice of intent to revoke accreditationThe Bank may give an accredited third-party service provider a notice of intent to revoke the accredited third-party service provider’s accreditation if the Bank is satisfied that the accredited third-party service provider has contravened this Act or its regulations, sections 30.2 to 30.5 of the Bank of Canada Act or regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act. A notice of intent must include reasons.
The heading before section 140 and sections 140 and 141 of the Act are repealed.
Paragraph 155(1)(a) of the Act is replaced by the following:designating as a violation the contravention of a specified provision of this Act or its regulations — or of sections 30.2 to 30.5 of the Bank of Canada Act or of regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act — or the non-compliance with orders made, undertakings required, compliance agreements entered into or directions made under this Act;
2026, c. 3, s. 600Stablecoin Act
The heading before section 53 and sections 53 and 54 of the Stablecoin Act are repealed.
Section 64 of the Act is replaced by the following:
Recommendation to MinisterThe Bank may recommend to the Minister that the Minister make an order under subsection 74(1) prohibiting an issuer from issuing a stablecoin if the Bank is satisfied that the issuer has contravened this Act or its regulations — or sections 30.2 to 30.5 of the Bank of Canada Act or regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act — or that the issuer is committing an act or pursuing a course of conduct that is an unsafe or unsound practice in relation to its business.
Section 79 of the Act is replaced by the following:
ViolationEvery contravention of a provision of this Act or its regulations — or of sections 30.2 to 30.5 of the Bank of Canada Act or of regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act — that is designated under the regulations constitutes a violation and the person that commits the violation is liable to a penalty determined in accordance with the regulations.
Paragraph 93(y) of the Act is repealed.Paragraph 93(z.2) of the Act is replaced by the following:designating as a violation the contravention of a specified provision of this Act or its regulations — or of sections 30.2 to 30.5 of the Bank of Canada Act or of regulations made for the purposes of section 30.2, 30.3 or 30.5 of that Act — or the non-compliance with orders made, undertakings required, compliance agreements entered into or directions made under this Act;
Coming into Force
Order in councilSubject to subsections (2) to (6), the provisions of this Division come into force on a day or days to be fixed by order of the Governor in Council.Order in councilSubsections 20(2) and (3) come into force on a day to be fixed by order of the Governor in Council, but that day must not be before the day on which subsection 20(1) comes into force.Order in councilSubsections 20(4) and (5) come into force on a day to be fixed by order of the Governor in Council, but that day must not be before the day on which subsection 20(1) comes into force.Order in councilSubsections 20(6) and (7) come into force on a day to be fixed by order of the Governor in Council, but that day must not be before the day on which subsection 20(1) comes into force.Order in councilSubsections 20(8) and (9) come into force on a day to be fixed by order of the Governor in Council, but that day must not be before the day on which subsection 20(1) comes into force.Order in councilSubsections 20(10) and (11) come into force on a day to be fixed by order of the Governor in Council, but that day must not be before the day on which subsection 20(1) comes into force.
R.S., c. C-21; 2001, c. 9, s. 218Canadian Payments Act
The Canadian Payments Act is amended by adding the following after section 44:
Immunity — Association, etc.The Association, its directors, its officers, its employees and other individuals whose services are engaged by it have immunity from any civil liability, other than in contract, to which they would otherwise be subject for anything done or omitted to be done in good faith in the administration or discharge of any powers or duties that under this Act are intended or authorized to be executed or performed.ExceptionDespite subsection (1), the individuals referred to in that subsection are not relieved of any liability to the Association.
1996, c. 23Employment Insurance ActAmendments to the Act
The portion of paragraph 12(2.3)(a) of the French version of the Employment Insurance Act before subparagraph (i) is replaced by the following:les conditions ci-après sont remplies :Subparagraph 12(2.3)(a)(i) of the Act is replaced by the following:the date on which a benefit period for the claimant is established falls within the period beginning on September 26, 2021 and ending on October 7, 2028,Subparagraph 12(2.3)(a)(ii) of the Act is replaced by the following:on the date on which the benefit period is established, the claimant is ordinarily resident in a region established by regulation and prescribed for the purpose of this subparagraph,Subsection 12(2.3) of the Act is amended by striking out “or” at the end of paragraph (a) and by repealing paragraph (b).
Schedule VI to the Act is repealed.
Coming into Force
November 7, 2027Subsections 38(1) and (4) come into force on November 7, 2027.Order in councilSubsection 38(3) and section 39 come into force on a day to be fixed by order of the Governor in Council.
R.S., c. C-8Canada Pension PlanAmendments to the Act
Subsections 113.1(11.07) to (11.09) of the Canada Pension Plan are replaced by the following:Determination of rate — 1st caseIf neither A nor D is greater than 4.75% and A is greater than D, the contribution rate for employees and employers for each year after the October 1 date referred to in subsection (11.05) is A plus C.Determination of rate — 2nd caseIf A is greater than 4.75%, D is less than or equal to 4.75% and the percentage determined by the formula1 ÷ 2(A − D)is less than or equal to 0.1%, then the contribution rate for employees and employers for each year after the October 1 date referred to in subsection (11.05) is the rate determined by the formula4.75% + 1 ÷ 2(A − 4.75%) + CDetermination of rate — 3rd caseIf A is greater than 4.75%, D is less than or equal to 4.75% and the percentage determined by the formula1 ÷ 2(A − D)is greater than 0.1%, then the contribution rate for employees and employers isfor the first year after the October 1 date referred to in subsection (11.05), the rate determined by the formula4.75% + 1 ÷ 6(A − 4.75%) + Cfor the next year, the rate determined by the formula4.75% + 1 ÷ 3(A − 4.75%) + Candfor each subsequent year, the rate determined by the formula4.75% + 1 ÷ 2(A − 4.75%) + C
Schedule 1 to the Act is amended by replacing “2003 and each subsequent year” in the column under the heading “Year” with “2003 to 2026”.
Schedule 1 to the Act is amended by adding the following at the end of that Schedule:For EmployeesFor EmployersFor Self-employed PersonsYear(%)(%)(%)2027 and each subsequent year4.754.759.5
Coming into Force
Non-application — subsection 114(2) of Canada Pension PlanSubsection 114(2) of the Canada Pension Plan does not apply in respect of the amendments to that Act contained in this Division.Order in councilThis Division comes into force, in accordance with subsection 114(4) of the Canada Pension Plan, on a day to be fixed by order of the Governor in Council.
1996, c. 10Canada Transportation Act
The Canada Transportation Act is amended by adding the following after section 50.1:
Obligation to provide informationThe individuals or entities referred to in subsection (2) must, on the Minister’s request, provide to the Minister, in the form and manner and within the time specified by the Minister, information, other than personal information as defined in section 3 of the Privacy Act, that the Minister considers necessary for the exercise of the powers and the performance of the duties and functions of the Minister under this Act or any other Act of Parliament or for the development of transportation policies, including information respectingthe assessment of the value of an airport or other aviation facility or an entity that owns or operates an airport or other aviation facility; orthe capacity and development of all or part of the national air transportation system.Individuals or entitiesFor the purposes of subsection (1), the individuals or entities areentities that own or operate an airport or other aviation facility; andindividuals or entities whose activities, in the Minister’s opinion, may affect the value of an airport or other aviation facility or an entity that owns or operates an airport or other aviation facility.Definition of airportIn this section, airport has the same meaning as in subsection 3(1) of the Aeronautics Act.
Subsection 51(2) of the Act is amended by adding the following after paragraph (a.1):the communication by the Minister — for the purpose of exercising the powers and performing the duties and functions of the Minister under this Act or any other Act of Parliament or for the purpose of the development of transportation policies — of information provided to the Minister under section 50.2 toa Crown corporation, as defined in subsection 83(1) of the Financial Administration Act, or a director, officer or employee of, or adviser to, such a Crown corporation, oran individual or entity that is not part of the federal public administration and that advises or is consulted by the Minister in relation to the development of transportation policies, including policies in relation to the matters referred to in paragraph 50.2(1)(a) or (b);
1997, c. 6Canadian Food Inspection Agency ActAmendments to the Act
The heading before section 11 of the English version of the Canadian Food Inspection Agency Act is replaced by the following:Mandate of the Agency
Subsections 11(4) and (5) of the Act are replaced by the following:For greater certaintyFor greater certainty, in carrying out its responsibilities under subsections (1) and (3) — except in relation to a provision of the Food and Drugs Act, as it relates to food as defined in section 2 of that Act, and that relates to public health, safety or nutrition — the Agency may, among other things, as appropriate and in accordance with the purposes of the Acts referred to in those subsections,protect and mitigate risks to food safety, animal health, plant health, human health and the environment;support compliance with regulatory requirements;contribute to public awareness in relation to food safety, animal health, plant health, human health and the protection of the environment;contribute to consumer protection;uphold Canada’s international reputation for food safety, animal health and plant health;facilitate trade and commerce; andconsider national economic security, regional economic security or national food security.
The Act is amended by adding the following after section 11:Responsibilities
Minister of HealthThe Minister of Health is responsible for establishing policies and standards relating to the safety and nutritional quality of food sold in Canada and assessing the effectiveness of the Agency’s activities related to food safety.
Canada Border Services AgencyThe Canada Border Services Agency is responsible for the enforcement of the program legislation referred to in paragraph (b) of the definition program legislation in section 2 of the Canada Border Services Agency Act as that program legislation relates to the delivery of initial passenger and import inspection services performed at airports and other Canadian border points other than import service centres.
The Act is amended by adding the following after section 31:Economic and Food Security Orders
ExemptionSubject to subsection (3), the Governor in Council may, on the recommendation of the appropriate Minister or appropriate Ministers, as the case may be, by order, on any conditions that the Governor in Council considers necessary, exempt persons, things or activities, or classes of persons, things or activities, from the application of any provision of an Act referred to in subsection 11(1) or a regulation made under one of those Acts, other than a provision of the Plant Breeders’ Rights Act or a regulation made under it — or from the application of any provision of the Food and Drugs Act, as it relates to food as defined in section 2 of that Act, other than a provision that relates to public health, safety or nutrition — if the Governor in Council is of the opinion that the exemptionis not likely to pose an unreasonable risk to food safety, animal health, plant health, human health or the environment; andis necessary to protect national economic security, regional economic security or national food security.Duration of orderAn order made under subsection (1) is in effect for the period specified in the order, which must not be for more than three years after the day on which the order comes into force. The Governor in Council may extend the period once, for a further period of not more than three years, if the Governor in Council is of the opinion that the extensionis not likely to pose an unreasonable risk to food safety, animal health, plant health, human health or the environment; andis necessary to protect national economic security, regional economic security or national food security.Notice of proposed orderBefore an order is made under subsection (1), a notice of the proposed order that includes the contents of the proposed order and the proposed duration of the order must be made public.Order to be made publicAn order made under subsection (1) must be made public as soon as practicable.ReasonsNo later than 60 days after the order is made, reasons for making the order must also be made public.Non-application of Statutory Instruments ActThe Statutory Instruments Act does not apply in respect of an order made under subsection (1).RegulationsThe Governor in Council may make regulationsrespecting orders referred to in subsection (1); anddefining “economic security” and “food security” for the purposes of this Act.Definition of appropriate MinisterIn subsection (1), appropriate Minister means the minister of the Crown in right of Canada who is responsible for the administration of the provision in respect of which the recommendation is made.
Non-compliance with conditionsIf a person fails to comply with a condition of an exemption in any order made under subsection 31.1(1), the exemption is deemed not to have applied in respect ofif the exemption is in relation to the person or a class of persons to which the person belongs, the person; orif the exemption is in relation to a thing or activity or class of things or activities, the thing or activity in respect of which the person did not comply with the condition.For greater certaintyFor greater certainty, nothing in subsection (1) prevents an exemption from applying to a person, thing or activity in situations in which the conditions of the exemption are met.
1995, c. 40Consequential Amendment to the Agriculture and Agri-Food Administrative Monetary Penalties Act
Paragraph (b) of the definition Minister in section 2 of the Agriculture and Agri-Food Administrative Monetary Penalties Act is replaced by the following:it means the Minister of Public Safety and Emergency Preparedness in relation to a notice of violation issued in respect of the contravention of program legislation referred to in section 11.2 of the Canadian Food Inspection Agency Act; (ministre)
2002, c. 28Pest Control Products Act
Paragraph (b) of the definition conditions of registration in subsection 2(1) of the Pest Control Products Act is replaced by the following:any other requirements stated by this Act, the regulations or an order made under section 8.1 or 28.1 to be conditions of registration. (conditions d’homologation)
Section 4 of the Act is amended by adding the following after subsection (2):Economic and food securityFor the purposes of this Act, the Minister is to consider, as appropriate, national economic security, regional economic security or national food security. However, nothing in this subsection is to be construed as affecting the Minister’s primary objective under subsection (1).
The Act is amended by adding the following after section 8:Emergency Orders
Seriously detrimental infestation — amendment of registrationAfter the Minister has denied an application under subsection 8(4) to amend the registration of a pest control product to permit its use in the emergency control of a seriously detrimental infestation because the Minister does not consider that the environmental risks of the pest control product are acceptable, the Governor in Council may, by order, amend the registration of that product to permit that use in the emergency control of a seriously detrimental infestation if the Governor in Council considers it necessary to do so to protect national economic security, regional economic security or national food security.Seriously detrimental infestation — registrationAfter the Minister has denied an application under subsection 8(4) to register a pest control product to permit its use in the emergency control of a seriously detrimental infestation because the Minister does not consider that the environmental risks of the pest control product are acceptable, the Governor in Council may, by order, register that product to permit that use in the emergency control of a seriously detrimental infestation if the Governor in Council considers it necessary to do so to protect national economic security, regional economic security or national food security.ConditionsAn order made under this section in respect of a pest control product may contain any conditions related to the product that the Governor in Council considers necessary, including conditions thatrelate to the manufacture, possession, handling, storage, transport, distribution, use or disposition of the product;require the registrant to compile information, conduct tests and monitor experience with respect to the product for the purpose of obtaining additional information with respect to its effects on the environment or with respect to its value, and to submit that additional information to the Minister within the time and in the form and manner specified in the order;require the registrant to compile information and monitor experience with respect to the product for the purpose of obtaining additional information as to any effect that the product’s registration has on national economic security, regional economic security or national food security, and to submit that additional information to the Minister within the time and in the form and manner specified in the order; andrequire the persons or classes of persons specified in the order to keep the records specified in the order, and to submit those records to the Minister within the time and in the form and manner specified in the order.Duration of orderAn order made under this section is in effect for the period specified in the order, which must not be for more than three years after the day on which the order comes into force. The Governor in Council may extend the period for a further period of not more than three years if the Governor in Council considers it necessary to do so to protect national economic security, regional economic security or national food security, but the Governor in Council may do so only once.
Cessation of effectAny amendments made to the registration of a pest control product by an order made under subsection 8.1(1) cease to have effect on the day on which the order expires or is repealed.Period of registrationIf a pest control product is registered by an order made under subsection 8.1(2), the registration is valid for the same period as the order is in effect.Cancellation of registration by MinisterIf the registration of a pest control product that is the subject of an order made under section 8.1 is cancelled by the Minister during the period for which the order is in effect, that order ceases to have effect on the date of the cancellation.
Restriction — international agreementsAn order must not be made under section 8.1 if doing so would violate any international agreement binding on Canada.
Order to be made publicAn order made under section 8.1 must be made public as soon as practicable.ReasonsNo later than 60 days after the order is made, reasons for making the order must also be made public.
Sunset provisionThe Governor in Council is not authorized to make an order under section 8.1 in respect of a pest control product more than one year after the day on which the Minister has denied an application referred to in that section in respect of the product.
Non-application of Statutory Instruments ActThe Statutory Instruments Act does not apply in respect of an order made under section 8.1.
Section 17 of the Act is amended by adding the following after subsection (1):Exceptions — environmental risksDespite subsection (1),if an order has been made under section 8.1 in respect of a pest control product, a special review is not to be initiated by the Minister, during the period for which the order is in effect, with respect to the environmental risks of the product that the Minister, in a decision made under subsection 8(4) in respect of the product, has indicated they do not consider to be acceptable; andif an order has been made under section 28.1 in respect of a pest control product, a special review is not to be initiated by the Minister, during the period for which the order is in effect, with respect to the environmental risks of the product that the Minister, in a decision statement made public under subsection 28(5) in respect of the product, has indicated they do not consider to be acceptable.
The portion of subsection 21(5) of the Act before paragraph (b) is replaced by the following:Existing stocksWhen cancelling the registration of a pest control product under this section or any other provision of this Act, or when an order made under subsection 8.1(2) or 28.1(2) expires or is repealed, the Minister mayallow the continued possession, handling, storage, distribution and use of stocks of the product in Canada at the time of the cancellation, expiration or repeal, subject to any conditions, including disposal procedures, that the Minister considers necessary for carrying out the purposes of this Act;
The Act is amended by adding the following after section 28:Economic Security and Food Security Orders
Orders to amend registration of pest control productAfter the Minister has made public under subsection 28(5) a decision statement relating to a re-evaluation or special review in respect of a pest control product that indicates that the product’s registration must be amended because the Minister does not consider that the environmental risks of the product are acceptable, the Governor in Council may, by order, amend the registration if the Governor in Council considers it necessary to do so to protect national economic security, regional economic security or national food security.Orders to reinstate registration of pest control productAfter the Minister has made public under subsection 28(5) a decision statement relating to a re-evaluation or special review in respect of a pest control product that indicates that the product’s registration must be cancelled because the Minister does not consider that the environmental risks of the product are acceptable, the Governor in Council may, by order, reinstate or both reinstate and amend the registration if the Governor in Council considers it necessary to do so to protect national economic security, regional economic security or national food security.ConditionsAn order made under this section in respect of a pest control product may contain any conditions related to the product that the Governor in Council considers necessary, including conditions thatrelate to the manufacture, possession, handling, storage, transport, distribution, use or disposition of the product;require the registrant to compile information, conduct tests and monitor experience with respect to the product for the purpose of obtaining additional information with respect to its effects on the environment or with respect to its value, and to submit that additional information to the Minister within the time and in the form and manner specified in the order;require the registrant to compile information and monitor experience with respect to the product for the purpose of obtaining additional information as to any effect that the product’s registration has on national economic security, regional economic security or national food security, and to submit that additional information to the Minister within the time and in the form and manner specified in the order; andrequire the persons or classes of persons specified in the order to keep the records specified in the order, and to submit those records to the Minister within the time and in the form and manner specified in the order.Duration of orderAn order made under this section is in effect for the period specified in the order, which must not be for more than three years after the day on which the order comes into force. The Governor in Council may extend the period for a further period of not more than three years if the Governor in Council considers it necessary to do so to protect national economic security, regional economic security or national food security, but the Governor in Council may do so only once.
Cessation of effectAny amendments made to the registration of a pest control product by an order made under subsection 28.1(1) cease to have effect on the day on which the order expires or is repealed.Period of registrationThe registration of a pest control product that is reinstated by an order made under subsection 28.1(2) is valid for the same period as the order is in effect.Cancellation of registration by MinisterIf the registration of a pest control product that is the subject of an order made under section 28.1 is cancelled by the Minister during the period for which the order is in effect, that order ceases to have effect on the date of the cancellation.
Notice of proposed orderAt least 30 days before the day on which an order is made under section 28.1, a notice of the proposed order must be made public. The notice must include the name of the pest control product in respect of which the order will relate and the proposed duration of the order.Order to be made publicAn order made under section 28.1 must be made public.
Sunset provisionThe Governor in Council is not authorized to make an order under section 28.1 in respect of a pest control product more than one year after the day on which the relevant decision statement relating to a re-evaluation or special review in respect of the product has been made public under subsection 28(5).
Non-application of Statutory Instruments ActThe Statutory Instruments Act does not apply in respect of an order made under section 28.1.
Subsection 42(2) of the Act is amended by adding the following after paragraph (i):orders made under sections 8.1 and 28.1;
Subsection 67(1) of the Act is amended by adding the following after paragraph (b):defining “economic security”, “food security” and “seriously detrimental infestation” for the purposes of this Act;Subsection 67(1) of the Act is amended by adding the following after paragraph (f):respecting orders made under sections 8.1 and 28.1;
The portion of section 69 of the Act before paragraph (a) is replaced by the following:
Contravention of regulations or conditions of orderEvery person who contravenes a provision of the regulations, or a condition of an order made under section 8.1 or 28.1 that is not a condition of registration, is guilty of an offence and liable