Budget 2025 Implementation Act, No. 1

An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025 His Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: Short title This Act may be cited as the Budget 2025 Implementation Act, No. 1. R.S., c. 1 (5th Supp.) [Amendments] R.S., c. E-15 C.R.C., c. 945 Payment out of Consolidated Revenue Fund Any amount payable by the Minister of National Revenue in relation to the application of subsection 127.491(2) of the Income Tax Act is to be paid out of the Consolidated Revenue Fund. Bill C-4 If Bill C-4, introduced in the 1st session of the 45th Parliament and entitled the Making Life More Affordable for Canadians Act, receives royal assent, then Repeal The Digital Services Tax Act, section 96 of chapter 15 of the Statutes of Canada, 2024, is repealed. Subsection (1) is deemed to have come into force on June 20, 2024. The Digital Services Tax Regulations, section 97 of chapter 15 of the Statutes of Canada, 2024, are repealed. If a person has, before the day on which this Act receives royal assent, paid an amount to His Majesty in right of Canada and the amount, in the absence of section 126, would have been taken into account by His Majesty in right of Canada as tax, a penalty, interest or other amount under the Digital Services Tax Act, the Minister of National Revenue must refund to the person the amount, together with interest on the amount at the rate determined under paragraph 2(1)(a) of the Interest Rates (Excise Act, 2001) Regulations, for the period beginning on the day on which the amount was received by the Receiver General for Canada and ending on the day on which the refund is paid. Any refund payable by the Minister of National Revenue under subsection (1) is to be paid out of the Consolidated Revenue Fund. R.S., c. A-1 R.S., c. B-3; 1992, c. 27, s. 2 R.S., c. C-46 R.S., c. E-20; 2001, c. 33, s. 2(F) R.S., c. F-11 R.S., c. T-2 1999, c. 17; 2005, c. 38, s. 35 2002, c. 9, s. 5 2002, c. 22 2022, c. 5, s. 10 2022, c. 10, s. 135 2024, c. 17, s. 81 SOR/2024-157 The Underused Housing Tax Act, section 10 of chapter 5 of the Statutes of Canada, 2022, is repealed. Subsection (1) comes into force on January 1, 2035. The Underused Housing Tax Regulations, section 116 of chapter 19 of the Statutes of Canada, 2022, are repealed. September 1, 2022 Parts 1 and 3 to 5 of the Select Luxury Items Tax Regulations, as made by section 175, are deemed to have come into force on September 1, 2022. August 5, 2023 Part 2 of the Select Luxury Items Tax Regulations, as made by section 175, is deemed to have come into force on August 5, 2023. Authority and Statutory Instruments Act The Select Luxury Items Tax Regulations, as made by section 175, are deemed to have been made under section 154 of the Select Luxury Items Tax Act; for the purposes of subsection 5(1) of the Statutory Instruments Act, to have been transmitted to the Clerk of the Privy Council for registration; and to have met the publication requirements of subsection 11(1) of the Statutory Instruments Act. 2003, c. 15, s. 67 R.S., c. F-8; 1995, c. 17, s. 45(1) Order in council Section 192 comes into force on a day to be fixed by order of the Governor in Council. [Note: Section 192 not in force.] R.S., c. C-10 This Division comes into force on a day to be fixed by order of the Governor in Council. [Note: Division 2 not in force.] Consolidated Revenue Fund — Build Canada Homes The Minister of Housing, with the concurrence of the Minister of Finance, may make payments out of the Consolidated Revenue Fund in an aggregate amount not exceeding $11.5 billion, or any other amount that is specified in an appropriation Act or any other Act of Parliament, to fund the operations and activities of the portion of the federal public administration known as Build Canada Homes or of any other entity designated by the Governor in Council on the recommendation of the Minister of Housing. Consolidated Revenue Fund — Canada Lands Company Limited The Minister of Housing may make payments out of the Consolidated Revenue Fund in an aggregate amount not exceeding $1.515 billion, or any other amount that is specified in an appropriation Act or any other Act of Parliament, to make a contribution of capital to Canada Lands Company Limited or purchase shares in Canada Lands Company Limited on behalf of His Majesty; or fund the operations and activities of any entity designated by the Governor in Council on the recommendation of the Minister of Housing. Contracts For the purposes of paragraph (1)(a), Canada Lands Company Limited may enter into contracts with His Majesty as though it were not an agent of His Majesty. 2017, c. 20, s. 403 2015, c. 12 2018, c. 12 R.S., c. P-36 [Note: Division 6 not in force.] R.‍S.‍, c. P-36 January 15, 2026 or royal assent Sections 217 to 219 and 221 come into force on the later of the day on which this Act receives royal assent and January 15, 2026. 121st day after the coming into force of section 217 Section 220 comes into force on the 121st day after the day on which section 217 comes into force. 1993, c. 14; 2001, c. 22, s. 2 2001, c. 9 2024, c. 17 The Consumer-Driven Banking Act, section 198 of chapter 17 of the Statutes of Canada, 2024, is repealed. 1991, c. 45 1991, c. 46 1991, c. 47 The provisions of this Division come into force on a day or days to be fixed by order of the Governor in Council. [Note: Division 11 not in force.] R.S., c. 18 (3rd Supp.), Part I [Note: Division 15 not in force.] [Note: Division 16 not in force.] R.S., c. C-3 The provisions of this Division, other than section 337, subsection 339(1) and sections 340, 343, 344, 348, 349 and 351, come into force on a day or days to be fixed by order of the Governor in Council. [Note: Division 17, other than section 337, subsection 339(1) and sections 340, 343, 344, 348, 349 and 351, not in force.] 1992, c. 17 Profits realized before coming into force A regulation or order may be made under Part 2 of the Special Economic Measures Act with respect to any profits referred to in that Part that are realized before the day on which this section comes into force only if the profits are realized from property that is owned — or held or controlled, directly or indirectly — by Russia, as defined in section 1 of the Special Economic Measures (Russia) Regulations, or by a person who is identified in those Regulations. 2000, c. 17; 2001, c. 41, s. 48 R.S., c. P-6 R.S., c. R-11 R.S., c. V-1; 2000, c. 34, s. 95(F) SOR/90-594 For the period beginning on April 1, 1993 and ending on July 15, 1998, the term “province” in paragraph 20(5)(a), subparagraph 20(6)(b)(i) and paragraphs 23(5)(a) and (6)(a) of the Veterans Health Care Regulations is deemed to have referred only to Ontario, Quebec, Nova Scotia, New Brunswick, Manitoba, British Columbia, Prince Edward Island, Saskatchewan, Alberta or Newfoundland and Labrador. January 2, 2026 or royal assent Sections 363 to 370 come into force on the later of January 2, 2026 and the day on which this Act receives royal assent. July 15, 1998 Section 374 is deemed to have come into force on July 15, 1998. SOR/2006-50; SOR/2017-161, s. 1 Regulations — earnings loss benefit The Governor in Council may make regulations respecting the earnings loss benefit under the Veterans Well-being Act, as it read from time to time before April 1, 2019. Retroactive effect Regulations made under subsection (1) may, if they so provide, have retroactive effect. April 1, 2006 Subsections 376(1) and 377(1) and (3) are deemed to have come into force on April 1, 2006. October 3, 2011 Subsection 376(2) is deemed to have come into force on October 3, 2011. April 1, 2015 Subsection 376(3) is deemed to have come into force on April 1, 2015. April 1, 2019 Subsections 376(4) and 377(2) and (4) are deemed to have come into force on April 1, 2019. Definitions The following definitions apply in sections 383 and 384. Act means the Royal Canadian Mounted Police Superannuation Act. (Loi) coming-into-force day means the day on which this Act receives royal assent. (date d’entrée en vigueur) Retroactive authorization — claims The Minister of Veterans Affairs is retroactively authorized to deal with and determine all claims for an award that were made under Part II of the Act before the coming-into-force day. Retroactive authorization — disclosure Any disclosure of information that occurred before the coming-into-force day and that would be authorized under section 32.3 of the Act if it occurred on or after that day is retroactively authorized. For greater certainty For greater certainty, on the first day on which both this Division and section 112 of the Public Complaints and Review Commission Act are in force, that section 112 operates so as to replace every reference to “Force” with a reference to “RCMP” in the English version of the provisions enacted by this Division. [Note: Division 22 not in force.] 2000, c. 5 [Note: Division 23 not in force.] 1991, c. 11 2009, c. 24 SOR/2015-44 Words and expressions The words and expressions used in this section and sections 454 and 455 have the same meaning as in the Human Pathogens and Toxins Act. Duties On the day on which section 406 comes into force, any person who, under paragraph 7(2)(c) or (d) of the Human Pathogens or Toxins Act, conducts controlled activities that are not authorized by their licence, must, within 90 days after that day, either apply to the Minister to vary their licence to authorize those activities or stop conducting those activities. No contravention A person referred to in subsection (2) does not contravene subsection 7(1) of the Human Pathogens or Toxins Act if they comply with subsection (2). Licence holder representative After the day on which section 423 comes into force, a licence holder that is an organization must, without delay, provide the Minister with the name of its representative. Validity period — extension The validity period of a licence may be extended for a period of up to 60 days beginning on the day on which this Act receives royal assent if the validity period of the licence ends within 30 days after the day on which this Act receives royal assent; and on the day on which this Act receives royal assent, the licence holder, its representative, if any, or the biological safety officer designated for the licence do not meet the requirements referred to in subsection 18(1.1) of the Human Pathogen and Toxins Act. Subsection 402(3), section 413, subsections 415(3), (8) and (9), sections 421 and 422, subsections 442(4), (6) to (9) and (14) and subsection 450(2) come into force on a day or days to be fixed by order of the Governor in Council. [Note: Subsection 402(3), section 413, subsections 415(3), (8) and (9), sections 421 and 422, subsections 442(4), (6) to (9) and (14) and subsection 450(2) not in force.] Subsection 409(4), sections 414 and 431 and subsection 441(2) come into force on a day to be fixed by order of the Governor in Council. [Note: Subsection 409(4), sections 414 and 431 and subsection 441(2) not in force.] Section 433 and subsections 436(3) and 442(12) come into force on a day to be fixed by order of the Governor in Council. [Note: Section 433 and subsections 436(3) and 442(12) not in force.] 1997, c. 36 [Note: Division 26 not in force.] R.S., c. E-19 [Note: Division 27 not in force.] R.S., c. A-2 Aviation security regulations Regulations described in paragraph 4.71(2)(k.4) of the Aeronautics Act may be made under subsection 4.71(1) of that Act in relation to a system, process, procedure, program, plan or document that a person established, developed or otherwise has in accordance with a regulation that was made under that subsection before the day on which this section comes into force. Aviation safety regulations Regulations described in paragraph 4.901(e) of the Aeronautics Act may be made under section 4.9 of that Act in relation to a system, process, procedure, program, plan or document that a person established, developed or otherwise has in accordance with a regulation that was made under that section before the day on which this section comes into force. 2019, c. 29 1996, c. 10 R.S., c. J-1 2014, c. 20, s. 376 1999, c. 33 R.S., c. I-20 R.S., c. W-9; 1994, c. 23, s. 2(F) 1994, c. 22 2003, c. 20 2009, c. 14, s. 126 2018, c. 12, s. 186 The following definitions apply in this section and sections 550 to 552. Chief Administrator has the same meaning as in section 2 of the Administrative Tribunals Support Service of Canada Act. (administrateur en chef) Chief Review Officer means the review officer appointed as Chief Review Officer under subsection 244(1) of the Canadian Environmental Protection Act, 1999, as it read immediately before the day on which this Division comes into force. (réviseur-chef) review officer means a person appointed as a review officer under the Canadian Environmental Protection Act, 1999, as it read immediately before the day on which this Division comes into force. (réviseur) Tribunal means the Environmental Protection Tribunal of Canada established by subsection 243(1) of the Canadian Environmental Protection Act, 1999 as it reads on the day on which this Division comes into force. (Tribunal) A contract entered into before the day on which this Division comes into force by the Chief Review Officer or a review officer respecting the provision of services or material, in relation to the exercise of their powers and the performance of their duties and functions under the Canadian Environmental Protection Act, 1999, is deemed to have been entered into by the Chief Administrator. References Unless the context otherwise requires, in a contract referred to in subsection (1), every reference to the Chief Review Officer or to a review officer is to be read as a reference to the Chief Administrator. Chief Review Officer The person who holds the office of Chief Review Officer immediately before the day on which this Division comes into force continues in office as the Chairperson of the Tribunal for the remainder of the term for which they were appointed. Review officers A person who holds the office of review officer immediately before the day on which this Division comes into force continues in office as a member of the Tribunal for the remainder of the term for which they were appointed. Pending requests for review or other matters Any request for review or other matter pending before the Chief Review Officer, a review officer or a panel of review officers immediately before the day on which this Division comes into force is to be continued before the Tribunal. Orders or decisions An order or decision made by the Chief Review Officer, a review officer or a panel of review officers is deemed to have been made by the Tribunal and is enforceable as such. The following definitions apply in this Division. Corporation means the Freshwater Fish Marketing Corporation established by subsection 3(1) of the Freshwater Fish Marketing Act. (Office) Minister means the member of the King’s Privy Council for Canada designated as Minister for the purposes of the Freshwater Fish Marketing Act. (ministre) Purpose The purpose of this Division is to authorize the taking of various measures for the divestiture and dissolution of all or any part of the Corporation. Powers of Minister The Minister may, with the approval of the Governor in Council and on any terms that the Governor in Council considers appropriate, take any of the following measures: sell or otherwise dispose of some or all of the property of the Corporation; procure an addition to, or other material change in, the objects or purposes for which the Corporation is incorporated or the restrictions on the businesses or activities that it may carry on; procure the amalgamation of the Corporation; procure the dissolution of the Corporation; procure the incorporation of a corporation whose securities, on incorporation, would be held by, on behalf of or in trust for His Majesty in right of Canada and sell or otherwise dispose of some or all of those securities; procure the formation of any other entity whose securities, on formation, would be held by, on behalf of or in trust for His Majesty in right of Canada and sell or otherwise dispose of some or all of those securities; or acquire securities of a corporation or of any other entity that, on acquisition, would be held by, on behalf of or in trust for His Majesty in right of Canada and sell or otherwise dispose of some or all of those securities. Additional powers The Minister may do anything or cause anything to be done that is necessary for, or incidental to, a measure taken under subsection (1). For greater certainty, if the Minister considers it appropriate to carry out the purposes of this Division, the Minister may appoint a liquidator, who is to hold office during pleasure, to administer the divestiture and dissolution of the Corporation. Powers, duties and functions On appointment of a liquidator, the Chairperson of the Board of Directors of the Corporation, the President of the Corporation and the other directors of the Corporation cease to hold their respective offices and the liquidator may exercise all of the powers and perform all the duties and functions of the Corporation. Part X of Financial Administration Act The Governor in Council may, by order, declare that any provision of Part X of the Financial Administration Act does not apply to a corporation referred to in paragraph (1)(e) or to another entity referred to in paragraph (1)(f) that is a corporation. Powers The Corporation, any corporation referred to in paragraph 555(1)(e) or any other entity referred to in paragraph 555(1)(f) — or any entity that is wholly owned, or wholly held or controlled, directly or indirectly, by the Corporation, the corporation or the other entity — may, with the approval of the Governor in Council and on any terms that the Governor in Council considers appropriate, take any of the following measures: sell or otherwise dispose of some or all of its property; sell or otherwise dispose of some or all of its liabilities; issue securities and sell or otherwise dispose of some or all of those securities; reorganize its capital structure; acquire the property of a corporation or any other entity; procure an addition to, or other material change in, the objects or purposes for which it is incorporated or formed or the restrictions on the businesses or activities that it may carry on; procure the incorporation of a corporation whose securities, on incorporation, would be held by, on behalf of or in trust for it; procure the formation of any other entity whose securities, on formation, would be held by, on behalf of or in trust for it; acquire securities of a corporation or any other entity that, on acquisition, would be held by, on behalf of or in trust for it; sell or otherwise dispose of some or all of the securities of a corporation or any other entity that are held by, on behalf of or in trust for it; procure its amalgamation; procure its dissolution; or do anything that is necessary for, or incidental to, a measure taken under any of paragraphs (a) to (l). The Governor in Council may, on the recommendation of the Minister and on any terms that the Governor in Council considers appropriate, by order, direct the Corporation, any corporation referred to in paragraph 555(1)(e) or any other entity referred to in paragraph 555(1)(f) — or any entity that is wholly owned, or wholly held or controlled, directly or indirectly, by the Corporation, the corporation or the other entity — to take, or cause any wholly-owned or wholly held or controlled entity of the Corporation, the corporation or the other entity to take a measure referred to in subsection (1). Compliance with order The directors of the Corporation or the corporation referred to in paragraph 555(1)(e) or any persons acting in a similar capacity with respect to the other entity referred to in paragraph 555(1)(f) must comply with an order made under subsection (2). Best interests Compliance with an order made under subsection (2) is deemed to be in the best interests of the Corporation, the corporation or the other entity. Notification of implementation As soon as feasible after the Corporation, corporation or entity implements an order and completes any actions that are required to be taken in connection with that implementation, it must notify the Minister that it has done so. Non-application of Statutory Instruments Act The Statutory Instruments Act does not apply to an order made under subsection (2). Tabling in Parliament The Minister is to cause a copy of an order made under subsection 556(2) to be laid before each House of Parliament on any of the first 15 days on which that House is sitting after the day on which the order is made. Exception — detrimental information However, if the Minister is of the opinion that publishing information contained in the order would be detrimental to the commercial interests of Canada, of the Corporation or of any corporation or entity referred to in the order, the Minister is to cause a copy of the order to be laid before each House of Parliament on any of the first 15 days on which that House is sitting after the day on which the Minister is notified that the order has been implemented. Consultation Before the Minister forms an opinion as to whether publishing information contained in the order would be detrimental, the Minister must consult the Board of Directors of the Corporation or of the corporation or the person or group of persons acting in a similar capacity with respect to the other entity. Transfer — property, rights or interests Subject to sections 559 and 560, on the day on which the Corporation is dissolved, the Governor in Council may, on the recommendation of the Minister and on any terms that the Governor in Council considers appropriate, transfer, or direct to be transferred, the control, management and administration of any property, rights or interests held by the Corporation to any Minister, department or agency of the Government of Canada. Distribution of property The property of the Corporation is to be applied in satisfaction of its debts and liabilities, and of the charges, costs and expenses incurred in respect of its divestiture and dissolution. Expenses — divestiture and dissolution All charges, costs and expenses incurred in respect of the divestiture and dissolution of the Corporation are payable out of the property of the Corporation in priority to all other claims. Surplus Any surplus that remains after the satisfaction of the debts and liabilities of the Corporation and the charges, costs and expenses incurred in respect of its divestiture and dissolution belongs to His Majesty in right of Canada. Unsatisfied debts and liabilities Any debts and liabilities of the Corporation that remain unsatisfied on the day on which the Corporation is dissolved become the debts and liabilities of His Majesty in right of Canada. Dissolution The Corporation is dissolved. Reference to Corporation On or after the day on which the Corporation is dissolved, every reference to the Corporation in any contract, instrument, act or other document executed or signed by the Corporation in its own name is to be read, unless the context otherwise requires, as a reference to His Majesty in right of Canada. Commencement of legal proceedings Any action, suit or other legal proceeding in respect of an obligation or liability incurred by the Corporation in respect of its divestiture or dissolution may be brought against His Majesty in right of Canada in any court that would have had jurisdiction if the action, suit or other legal proceeding had been brought against the Corporation. Continuation of legal proceedings Any action, suit or other legal proceeding to which the Corporation is party that is pending in any court on the day on which the Corporation is dissolved may be continued by or against His Majesty in right of Canada in like manner and to the same extent as it could have been continued by or against the Corporation. No compensation Despite the provisions of any contract, agreement or order in council, no person who is appointed to hold office as a member of the Board of Directors of the Corporation has any right to any compensation, damages, indemnity or other form of relief from His Majesty in right of Canada or from any employee or agent of His Majesty for ceasing to hold that office or for the abolition of that office, by the operation of this Division. R.S., c. F-8 R.S., c. M-13 The Freshwater Fish Marketing Act, chapter F-13 of the Revised Statutes of Canada, 1985, is repealed. Sections 561 and 565 to 569 come into force on a day or days to be fixed by order of the Governor in Council. [Note: Sections 561 and 565 to 569 not in force.] 1974-75-76, c. 83 1984, c. 18; 2018, c. 4, s. 4 1994, c. 28 Delayed application Section 6.31 of the Canada Student Financial Assistance Act applies as of August 1, 2029 in relation to a qualifying student who is registered in a program of studies during the loan year beginning on August 1, 2025; in respect of that program of studies, receives financial assistance under that Act during that loan year or received financial assistance under that Act during a previous loan year; and continues that program of studies at the same designated educational institution. Unless the context otherwise requires, words and expressions used in subsection (1) have the same meaning as in the Canada Student Financial Assistance Act. SOR/2002-184 October 1, 2025 Section 584 is deemed to have come into force on October 1, 2025 immediately after the coming into force of section 8 of the Regulations Amending Certain Regulations Made Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, made on December 16, 2024 and registered as SOR/2024-267. 2017, c. 20, s. 103 R.S., c. C-44; 1994, c. 24, s. 1(F) 1998, c. 1 2009, c. 23 2025, c. 2, s. 4 2019, c. 28, s. 10 R.S., c. C-34; R.S., c. 19 (2nd Supp.), s. 19 2021, c. 23, s. 177 Sections 601 to 605 come into force on a day or days to be fixed by order of the Governor in Council. [Note: Sections 601 to 605 not in force.]