An Act to implement certain provisions of the budget tabled in Parliament on April 7, 2022 and other measures
Sponsor: Chrystia Freeland, Deputy Prime Minister and Minister of Finance (University—Rosedale)
Proposed changes
Part 1 implements certain income tax measures by (a) providing a Labour Mobility Deduction for the temporary relocation of tradespeople to a work location; (b) allowing for the immediate expensing of eligible property by certain Canadian businesses; (c) allowing the Children’s Special Allowance to be paid in respect of a child who is maintained by an Indigenous governing body and providing consistent tax treatment of kinship care providers and foster parents receiving financial assistance from an Indigenous governing body and those receiving such assistance from a provincial government; (d) doubling the allowable qualifying expense limit under the Home Accessibility Tax Credit; (e) expanding the criteria for the mental functions impairment eligibility as well as the life-sustaining therapy category eligibility for the Disability Tax Credit…
Part 2 implements certain Goods and Services Tax/Harmonized Sales Tax (GST/HST) measures by (a) ensuring that all assignment sales in respect of newly constructed or substantially renovated residential housing are taxable supplies for GST/HST purposes; and (b) extending eligibility for the expanded hospital rebate to health care services supplied by charities or non-profit organizations with the active involvement of, or on the recommendation of, either a physician or a nurse practitioner, irrespective of their geographic location.
Part 3 amends the Excise Act, 2001 , the Excise Act and other related texts in order to implement three measures.
Division 1 of Part 3 implements a new federal excise duty framework for vaping products by, among other things, (a) requiring that manufacturers of vaping products obtain a vaping licence from the CRA; (b) requiring that all vaping products that are removed from the premises of a vaping licensee to be entered into the Canadian market for retail sale be affixed with an excise stamp; (c) imposing excise duties on vaping products to be paid by vaping product licensees; (d) providing for administration and enforcement rules related to the excise duty framework on vaping products; (e) providing the Governor in Council with authority to provide for an additional excise duty in respect of provinces and territories that enter into a coordinated vaping product taxation agreement with Canada…
Division 2 of Part 3 repeals the excise duty exemption under the Excise Act, 2001 for wine produced in Canada and composed wholly of agricultural or plant product grown in Canada.
This is shortened to the first five points. The bill itself covers more.