Budget Implementation Act, 2007
S.C. 2007, c. 29
Assented to 2007-06-22
An Act to implement certain provisions of the budget tabled in Parliament on March 19, 2007
Her 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, 2007.
PART 1Amendments Related to Income Tax
Income Tax Act
2 [Amendment]
3 [Amendment]
4 [Amendment]
5 [Amendment]
6 [Amendment]
7 [Amendment]
8 [Amendments]
9 [Amendments]
10 [Amendment]
11 [Amendment]
12 [Amendments]
13 [Amendment]
14 [Amendment]
15 [Amendment]
16 [Amendment]
17 [Amendments]
18 [Amendments]
19 [Amendments]
20 [Amendments]
21 [Amendments]
22 [Amendment]
23 [Amendment]
24 [Amendment]
25 [Amendment]
26 [Amendments]
27 [Amendment]
28 [Amendment]
29 [Amendment]
Income Tax Regulations
30 [Amendment]
31 [Amendment]
32 [Amendments]
33 [Amendment]
34 [Amendment]
35 [Amendments]
36 [Amendments]
Canada Education Savings Act
37 [Amendments]
Canada Education Savings Regulations
38 [Amendment]
Coordinating Amendments
39 [Amendment]
40 [Amendment]
41 [Amendment]
42 [Amendment]
PART 2Amendments to the Excise Tax Act (Other than with Respect to the Goods and Services Tax/Harmonized Sales Tax)
43 [Amendment]
44 [Amendment]
PART 3Amendments in Respect of the Goods and Services Tax/Harmonized Sales Tax
Excise Tax Act
45 [Amendment]
46 [Amendment]
47 [Amendments]
48 [Amendment]
49 [Amendments]
50 [Amendment]
51 [Amendment]
52 [Amendment]
Coordinating Amendments
53 [Amendment]
PART 4Other Measures Relating to Taxation
Customs Tariff
54 [Amendment]
Federal-Provincial Fiscal Arrangements Act
55 [Amendment]
56 [Amendment]
Marginal note:Coming into force
57 Sections 55 and 56 are deemed to have come into force on July 1, 2000.
Payments to Ontario
Marginal note:Payment of $250,000,000
58 For the fiscal year beginning on April 1, 2007, from and out of the Consolidated Revenue Fund, there may be paid, on the requisition of the Minister of Finance, an amount of $250,000,000 to the Province of Ontario, to assist the province in the transition to a single corporate tax administration.
Marginal note:Payment of $150,000,000
59 For the fiscal year beginning on April 1, 2008, from and out of the Consolidated Revenue Fund, there may be paid, on the requisition of the Minister of Finance, an amount of $150,000,000 to the Province of Ontario, to assist the province in the transition to a single corporate tax administration.
PART 5Tax-back Guarantee Act
Marginal note:Enactment of Act
60 The Tax-back Guarantee Act is enacted as follows:
[See Tax-back Guarantee Act]
PART 6Federal-Provincial Fiscal Arrangements Act
Amendments to Act
61 [Amendment]
62 [Amendment]
63 [Amendment]
64 [Amendment]
65 [Amendment]
66 [Amendment]
67 [Amendment]
68 [Amendments]
69 [Amendments]
70 [Amendment]
71 [Amendments]
72 [Amendment]
73 [Amendment]
74 [Amendment]
Transitional Provisions
75 [Transitional provision]
76 [Transitional provision]
77 [Transitional provision]
Consequential Amendments
Canada-Newfoundland Atlantic Accord Implementation Act
78 [Repealed, 2007, c. 35, s. 169]
79 [Amendment]
80 [Amendment]
Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offset Payments Act
81 [Amendment]
82 [Amendment]
83 [Repealed, 2007, c. 35, s. 170]
Coming into Force
Marginal note:Newfoundland and Labrador
84 (1) Sections 79 and 82 come into force, or are deemed to have come into force, on April 1 of the first fiscal year in respect of which Newfoundland and Labrador makes the election under subsection 3.7(3) of the Federal-Provincial Fiscal Arrangements Act.
Marginal note:Notice
Footnote *(2) The Minister of Finance shall publish in the Canada Gazette the date on which sections 79 and 82 come into force.
Return to footnote *[Note: Sections 79 and 82 in force April 1, 2010, see Canada Gazette Part I, Volume 146, page 26.]
Marginal note:Nova Scotia
(3) Section 81 comes into force, or is deemed to have come into force, on April 1, 2008.
- 2007, c. 29, s. 84, c. 35, s. 171
PART 7Amendments to the Financial Administration Act
Financial Administration Act
85 [Amendment]
86 [Amendment]
87 [Amendment]
88 [Amendment]
Coming into Force
Marginal note:Order in council
Footnote *89 This Part comes into force on a day to be fixed by order of the Governor in Council.
Return to footnote *[Note: Part 7 in force October 26, 2007, see SI/2007-95.]
PART 8Amendments to the Canada Mortgage and Housing Corporation Act
90 [Amendments]
PART 9Amendments Relating to Eligible Financial Contracts
Bankruptcy and Insolvency Act
91 [Amendments]
92 [Amendments]
93 [Amendment]
94 [Amendment]
95 [Amendment]
96 [Amendment]
97 [Amendment]
98 [Amendment]
99 [Amendment]
100 [Amendment]
101 [Amendment]
102 [Amendment]
Canada Deposit Insurance Corporation Act
103 [Amendments]
Companies’ Creditors Arrangement Act
104 [Amendments]
105 [Amendment]
106 [Amendments]
107 [Amendment]
108 [Amendment]
109 [Amendment]
Payment Clearing and Settlement Act
110 [Amendment]
111 [Amendments]
112 [Amendments]
Winding-up and Restructuring Act
113 [Amendments]
114 [Amendment]
115 [Amendment]
116 [Amendment]
Transitional Provisions
117 [Transitional provision]
118 [Transitional provision]
119 [Transitional provision]
120 [Transitional provision]
121 [Transitional provision]
Coordinating Amendments
122 [Amendments]
Coming into Force
Marginal note:Order in council
Footnote *123 Subsections 91(2), 103(2), 104(2) and 113(2) come into force on a day or days to be fixed by order of the Governor in Council.
Return to footnote *[Note: Subsection 103(2) in force November 17, 2007, see SI/2007-105; subsections 91(2), 104(2) and 113(2) in force November 17, 2007, see SI/2007-106.]
PART 10Payments to Provinces and Territories
Payment to British Columbia
Marginal note:Maximum payment of $30,000,000
124 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Finance, a sum not exceeding thirty million dollars to the Province of British Columbia to promote fair and equitable economic development, in an environmentally sustainable and ecologically integrated manner, of First Nations in the Spirit Bear Rainforest area of British Columbia and the Queen Charlotte Islands of British Columbia.
Clean Air and Climate Change Trust Fund
Marginal note:Maximum payment of $1,519,000,000
125 (1) The Minister of Finance may make direct payments, in an aggregate amount not exceeding one billion, five hundred and nineteen million dollars, to a trust established to provide provinces and territories with funding to support provincial and territorial projects that will result in reductions in greenhouse gas emissions and air pollutants. Territories may also use those funds to adapt to a changing climate.
Marginal note:Provincial or territorial share
(2) The amount that may be provided to a province or territory under this section is to be determined in accordance with the terms of the trust indenture establishing the trust referred to in subsection (1).
Marginal note:Payments out of C.R.F.
(3) Any amount payable under this section may be paid by the Minister of Finance out of the Consolidated Revenue Fund at the times and in the manner that the Minister of Finance considers appropriate.
Transitional Payments
Marginal note:Maximum payment of $614,100,000
126 (1) The Minister of Finance may make direct payments, in an aggregate amount not exceeding six hundred and fourteen million, one hundred thousand dollars, to a trust established to provide the Province of Ontario with funding for post-secondary education and training and the Provinces of Manitoba and Saskatchewan with funding for training.
Marginal note:Provincial share
(2) The amount that may be provided to a province under this section is to be determined in accordance with the terms of the trust indenture establishing the trust referred to in subsection (1) and allocated as follows:
(a) a sum not exceeding five hundred and seventy-four million dollars to the Province of Ontario;
(b) a sum not exceeding twenty-one million, seven hundred thousand dollars to the Province of Manitoba; and
(c) a sum not exceeding eighteen million, four hundred thousand dollars to the Province of Saskatchewan.
Marginal note:Payments out of C.R.F.
(3) Any amount payable under this section may be paid by the Minister of Finance out of the Consolidated Revenue Fund at the times and in the manner that the Minister of Finance considers appropriate.
Human Papillomavirus Immunization
Marginal note:Maximum payment of $300,000,000
127 (1) The Minister of Finance may make direct payments, in an aggregate amount not exceeding three hundred million dollars, to a trust established to provide the provinces and territories with funding in support of human papillomavirus immunization.
Marginal note:Provincial or territorial share
(2) The amount that may be provided to a province or territory under this section is to be determined in accordance with the terms of the trust indenture establishing the trust referred to in subsection (1).
Marginal note:Payments out of C.R.F.
(3) Any amount payable under this section may be paid by the Minister of Finance out of the Consolidated Revenue Fund at the times and in the manner that the Minister of Finance considers appropriate.
Patient Wait Times Guarantee
Marginal note:Maximum payment of $612,000,000
128 (1) The Minister of Finance may make direct payments, in an aggregate amount not exceeding six hundred and twelve million dollars, to a trust established to provide provinces and territories with funding in support of a patient wait times guarantee.
Marginal note:Provincial or territorial share
(2) The amount that may be provided to a province or territory under this section is to be determined in accordance with the terms of the trust indenture establishing the trust referred to in subsection (1).
Marginal note:Payments out of C.R.F.
(3) Any amount payable under this section may be paid by the Minister of Finance out of the Consolidated Revenue Fund at the times and in the manner that the Minister of Finance considers appropriate.
Child Care Spaces
Marginal note:Maximum payment of $250,000,000
129 (1) The Minister of Finance may, for the fiscal year beginning on April 1, 2007, make direct payments, in an aggregate amount not exceeding two hundred and fifty million dollars to the provinces and territories for the purpose of supporting the creation of child care spaces.
Marginal note:Provincial or territorial share
(2) The amount that may be paid to a province or territory for the fiscal year referred to in subsection (1) is the amount determined by multiplying the amount set out in that subsection by the quotient obtained by dividing
(a) the population of the province or territory for the fiscal year
by
(b) the total of the population of all provinces and territories for the fiscal year.
Marginal note:Payments out of C.R.F.
(3) Any amount payable under this section may be paid by the Minister of Finance out of the Consolidated Revenue Fund at the times and in the manner that the Minister of Finance considers appropriate.
Payment to Yukon
Marginal note:Payment of $3,500,000
130 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Finance, the sum of three million, five hundred thousand dollars to Yukon.
Payment to Northwest Territories
Marginal note:Payment of $54,400,000
131 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Finance, the sum of fifty-four million, four hundred thousand dollars to the Northwest Territories.
PART 11Payments to Certain Entities
Nature Conservancy of Canada
Marginal note:Maximum payment of $225,000,000
132 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of the Environment, a sum not exceeding two hundred and twenty-five million dollars to the Nature Conservancy of Canada for its use.
Canada Health Infoway Inc.
Marginal note:Maximum payment of $400,000,000
133 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Health, a sum not exceeding four hundred million dollars to Canada Health Infoway Inc. for its use.
CANARIE Inc.
Marginal note:Maximum payment of $96,000,000
134 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Industry, a sum not exceeding ninety-six million dollars to CANARIE Inc. for its use.
Genome Canada
Marginal note:Maximum payment of $100,000,000
135 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Industry, a sum not exceeding one hundred million dollars to Genome Canada for its use.
Aid to Afghanistan
Marginal note:Afghanistan Reconstruction Trust Fund — $90,000,000
136 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of International Cooperation, a sum not exceeding ninety million dollars to the World Bank for the Afghanistan Reconstruction Trust Fund in respect of development assistance for Afghanistan.
Marginal note:UN Mine Action Service — $20,000,000
137 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of International Cooperation, a sum not exceeding twenty million dollars to the United Nations for use in UN Mine Action Service activities in Afghanistan.
Marginal note:UN Office on Drugs and Crime — $13,000,000
138 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Foreign Affairs, a sum not exceeding thirteen million dollars to the United Nations Office on Drugs and Crime, in respect of counter-narcotics initiatives for Afghanistan.
Marginal note:Counter Narcotics Trust Fund — $2,000,000
139 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Foreign Affairs, a sum not exceeding two million dollars to the United Nations Development Programme for the Counter Narcotics Trust Fund, in respect of counter-narcotics initiatives for Afghanistan.
Marginal note:Law and Order Trust Fund for Afghanistan — $10,000,000
140 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Foreign Affairs, a sum not exceeding ten million dollars to the United Nations Development Programme for the Law and Order Trust Fund for Afghanistan, for use consistent with the purposes of that fund.
Rick Hansen Man in Motion Foundation
Marginal note:Maximum payment of $30,000,000
141 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Health, a sum not exceeding thirty million dollars to the Rick Hansen Man in Motion Foundation for its use.
The Perimeter Institute for Theoretical Physics
Marginal note:Maximum payment of $50,000,000
142 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Industry, a sum not exceeding fifty million dollars to The Perimeter Institute for Theoretical Physics for its use.
Canada Foundation for Sustainable Development Technology
Marginal note:Maximum payment of $200,000,000
143 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of the Environment and the Minister of Natural Resources, a sum not exceeding two hundred million dollars to the Canada Foundation for Sustainable Development Technology for its use.
PART 12Amendments Relating to Financial Institutions
Bank Act
144 [Repealed, 2007, c. 29, s. 150]
145 [Repealed, 2007, c. 29, s. 150]
Cooperative Credit Associations Act
146 [Repealed, 2007, c. 29, s. 150]
Insurance Companies Act
147 [Repealed, 2007, c. 29, s. 150]
148 [Repealed, 2007, c. 29, s. 150]
Trust and Loan Companies Act
149 [Repealed, 2007, c. 29, s. 150]
Coordinating Amendments
150 [Amendments]
PART 13Amendments to the Department of Public Works and Government Services Act
151 [Amendment]
152 [Amendment]
153 [Amendment]
PART 14Amendment to the Financial Consumer Agency of Canada Act
154 [Amendment]
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