Budget 2025 Implementation Act, No. 1 (S.C. 2026, c. 3)
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Act current to 2026-03-31
Budget 2025 Implementation Act, No. 1
S.C. 2026, c. 3
Assented to 2026-03-26
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
Marginal note:Short title
1 This Act may be cited as the Budget 2025 Implementation Act, 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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R.S., c. E-15Excise Tax Act
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C.R.C., c. 945Income Tax Regulations
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Payment out of Consolidated Revenue Fund
Marginal note:Payment out of Consolidated Revenue Fund
124 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.
Coordinating Amendments
Marginal note:Bill C-4
125 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
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PART 2Digital Services Tax (Repeals and Other Measures)
Repeals
Marginal note:Repeal
126 (1) The Digital Services Tax Act, section 96 of chapter 15 of the Statutes of Canada, 2024, is repealed.
(2) Subsection (1) is deemed to have come into force on June 20, 2024.
Marginal note:Repeal
127 (1) The Digital Services Tax Regulations, section 97 of chapter 15 of the Statutes of Canada, 2024, are repealed.
(2) Subsection (1) is deemed to have come into force on June 20, 2024.
Transitional Provisions
128 (1) 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.
(2) Any refund payable by the Minister of National Revenue under subsection (1) is to be paid out of the Consolidated Revenue Fund.
Consequential Amendments
R.S., c. A-1Access to Information Act
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R.S., c. B-3; 1992, c. 27, s. 2Bankruptcy and Insolvency Act
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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 (5th Supp.)Income Tax Act
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