Bill C-52
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TABLE OF PROVISIONS
AN ACT TO IMPLEMENT CERTAIN PROVISIONS OF THE BUDGET TABLED IN PARLIAMENT ON MARCH 19, 2007
SHORT TITLE
1. Budget Implementation Act, 2007
PART 1
AMENDMENTS RELATED TO INCOME TAX
Income Tax Act
2-29. Amendments
Income Tax Regulations
30-36. Amendments
Canada Education Savings Act
37. Amendments
Canada Education Savings Regulations
38. Amendments
Coordinating Amendments
39-42. Bill C-33
PART 2
AMENDMENTS TO THE EXCISE TAX ACT (OTHER THAN WITH RESPECT TO THE GOODS AND SERVICES TAX/HARMONIZED SALES TAX)
43-44. Amendments
PART 3
AMENDMENTS IN RESPECT OF THE GOODS AND SERVICES TAX/HARMONIZED SALES TAX
Excise Tax Act
45-54. Amendments
Coordinating Amendments
55. Bill C-40
PART 4
OTHER MEASURES RELATING TO TAXATION
Customs Tariff
56. Amendments
Federal-Provincial Fiscal Arrangements Act
57-58. Amendments
59. Coming into force
Payments to Ontario
60. Payment of $250,000,000
61. Payment of $150,000,000
PART 5
TAX-BACK GUARANTEE ACT
62. Enactment of Act
1. Tax-back Guarantee Act
2. Direction to provide personal tax relief
3. Meaning of “federal debt”
4. Imputed interest savings
5. Effective interest rate
6. Public announcement
PART 6
FEDERAL-PROVINCIAL FISCAL ARRANGEMENTS ACT
Federal-Provincial Fiscal Arrangements Act
63-76. Amendments
Transitional Provisions
77. Amounts paid before coming into force (Part I)
78. Amounts paid before coming into force (Part I.1)
79. Amounts paid before coming into force (Part V.1)
Consequential Amendments
80-82. Canada-Newfoundland Atlantic Accord Implementation Act
83-84. Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offset Payments Act
85. Transitional Provisions
Coming into Force
86. Newfoundland and Labrador and Nova Scotia
PART 7
AMENDMENTS TO THE FINANCIAL ADMINISTRATION ACT
Financial Administration Act
87-90. Amendments
Coming into Force
91. Order in council
PART 8
AMENDMENTS TO THE CANADA MORTGAGE AND HOUSING CORPORATION ACT
92. Amendments
PART 9
AMENDMENTS RELATING TO ELIGIBLE FINANCIAL CONTRACTS
Bankruptcy and Insolvency Act
93-104. Amendments
Canada Deposit Insurance Corporation Act
105. Amendments
Companies’ Creditors Arrangement Act
106-111. Amendments
Payment Clearing and Settlement Act
112-114. Amendments
Winding-up and Restructuring Act
115-118. Amendments
Transitional Provisions
119. Bankruptcy and Insolvency Act
120. Canada Deposit Insurance Corporation Act
121. Companies’ Creditors Arrangement Act
122. Payment Clearing and Settlement Act
123. Winding Up and Restructuring Act
Coordinating Amendments
124. An Act to establish the Wage Earner Protection Program Act, to amend the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act and to make consequential amendments to other Acts
Coming into Force
125. Order in council
PART 10
PAYMENTS TO PROVINCES AND TERRITORIES
Payment to British Columbia
126. Maximum payment of $30,000,000
Clean Air and Climate Change Trust Fund
127. Maximum payment of $1,519,000,000
Transitional Payments
128. Payment of $614,100,000
Human Papillomavirus Immunization
129. Maximum payment of $300,000,000
Patient Wait Times Guarantee
130. Maximum payment of $612,000,000
Child Care Spaces
131. Maximum payment of $250,000,000
Payment to Yukon
132. Payment of $3,500,000
Payment to Northwest Territories
133. Payment of $54,400,000
PART 11
PAYMENTS TO CERTAIN ENTITIES
Nature Conservancy of Canada
134. Maximum payment of $225,000,000
Canada Health Infoway Inc.
135. Maximum payment of $400,000,000
CANARIE Inc.
136. Maximum payment of $96,000,000
Genome Canada
137. Maximum payment of $100,000,000
Aid to Afghanistan
138. Afghanistan Reconstruction Trust Fund — $90,000,000
139. UN Mine Action Service — $20,000,000
140. UN Office on Drugs and Crime — $13,000,000
141. Counter Narcotics Trust Fund — $2,000,000
142. Law and Order Trust Fund for Afghanistan — $10,000,000
Rick Hansen Man in Motion Foundation
143. Maximum payment of $30,000,000
The Perimeter Institute for Theoretical Physics
144. Maximum payment of $50,000,000
Canada Foundation for Sustainable Development Technology
145. Maximum payment of $200,000,000
PART 12
AMENDMENTS RELATING TO FINANCIAL INSTITUTIONS
Bank Act
146-147. Amendments
Cooperative Credit Associations Act
148. Amendment
Insurance Companies Act
149-150. Amendments
Trust and Loan Companies Act
151. Amendment
Coordinating Amendments
152. Bill C-37
PART 13
AMENDMENTS TO THE DEPARTMENT OF PUBLIC WORKS AND GOVERNMENT SERVICES ACT
153-155. Amendments
PART 14
AMENDMENT TO THE FINANCIAL CONSUMER AGENCY OF CANADA ACT
156. Amendment