Budget Implementation Act, 2024, No. 1 (S.C. 2024, c. 17)
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Act current to 2024-06-20
Budget Implementation Act, 2024, No. 1
S.C. 2024, c. 17
Assented to 2024-06-20
An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024
His Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
Short Title
Marginal note:Short title
1 This Act may be cited as the Budget Implementation Act, 2024, No. 1.
PART 1Amendments to the Income Tax Act and Other Legislation
R.S., c. 1 (5th Supp.)Income Tax Act
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C.R.C., c. 945Income Tax Regulations
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Coordinating Amendments
80 [Amendments]
PART 2Global Minimum Tax Act
Enactment of Act
81 [Amendments]
Consequential Amendments
R.S., c. A-1Access to Information Act
82 [Amendments]
R.S., c. B-3; 1992, c. 27, s. 2Bankruptcy and Insolvency Act
83 [Amendments]
R.S., c. C-46Criminal Code
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R.S., c. E-15Excise Tax Act
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R.S., c. E-20; 2001, c. 33, s. 2(F)Export Development Act
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R.S., c. F-11Financial Administration Act
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R.S., c. T-2Tax Court of Canada Act
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R.S., c. 1 (2nd Supp.)Customs Act
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R.S., c. 1 (5th Supp.)Income Tax Act
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1999, c. 17; 2005, c. 38, s. 35Canada Revenue Agency Act
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2002, c. 9, s. 5Air Travellers Security Charge Act
102 [Amendments]
2002, c. 22Excise Act, 2001
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2022, c. 5, s. 10Underused Housing Tax Act
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2022, c. 10, s. 135Select Luxury Items Tax Act
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Coordinating Amendments
111 [Amendments]
PART 3Amendments to the Excise Tax Act, the Excise Act, the Excise Act, 2001, the Underused Housing Tax Act, the Greenhouse Gas Pollution Pricing Act and Other Related Texts
DIVISION 1R.S., c. E-15Excise Tax Act (GST/HST)
112 [Amendments]
DIVISION 2Excise Act, Excise Act, 2001 and Other Related Texts (Alcohol, Tobacco and Vaping Products)
R.S., c. E-14Excise Act
113 [Amendments]
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2002, c. 22Excise Act, 2001
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SOR/2003-202Regulations Relieving Special Duty on Certain Tobacco Products
- The following provision is not in force.
133 (1) The Regulations Relieving Special Duty on Certain Tobacco Products are repealed.
(2) Subsection (1) comes into force on the first day of the month after the month in which this Act receives royal assent.
SOR/2003-288; 2018, c. 12, s. 108; 2022, c. 10, s. 116Stamping and Marking of Tobacco, Cannabis and Vaping Products Regulations
134 [Amendments]
SOR/2011-7 Regulations Respecting Prescribed Brands of Manufactured Tobacco and Prescribed Cigarettes
- The following provision is not in force.
(2) Subsection (1) comes into force on the first day of the month after the month in which this Act receives royal assent.
DIVISION 3Underused Housing Tax Act and Underused Housing Tax Regulations
2022, c. 5, s. 10Underused Housing Tax Act
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2022, c. 19, s. 116Underused Housing Tax Regulations
145 [Amendments]
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DIVISION 42018, c. 12, s. 186Greenhouse Gas Pollution Pricing Act (Part 1)
147 [Amendments]
148 [Amendments]
PART 4Various Measures
DIVISION 12022, c. 10Budget Implementation Act, 2022, No. 1 (Extension of Prohibition on Purchase of Residential Property by Non-Canadians)
149 [Amendments]
DIVISION 2Canada Mortgage Bonds Program
R.S., c. N-11National Housing Act
150 [Amendments]
151 [Amendments]
2017, c. 20, s. 103 Borrowing Authority Act
152 [Amendments]
Coordinating Amendments
153 [Amendments]
DIVISION 3National School Food Program
Marginal note:Bilateral agreement
154 (1) The Minister of Families, Children and Social Development may enter into a bilateral agreement with the government of a province respecting a national program for providing food in schools.
Marginal note:Payment out of C.R.F.
(2) Any amount payable for the fiscal year beginning on April 1, 2024 under such a bilateral agreement is payable out of the Consolidated Revenue Fund.
Marginal note:Maximum aggregate amount
(3) The maximum aggregate amount that may be paid out under subsection (2) in respect of all provinces is $70,100,000.
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