Budget 2025 Implementation Act, No. 1

An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025

Canada (Federal)· B-9.8598· 712 sections· current to 2026-03-26In force

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Sections712

1Short title
This Act may be cited as the Budget 2025 Implementation Act, No. 1.
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124Payment 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.
125Bill 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
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126Repeal
126(1)
The Digital Services Tax Act, section 96 of chapter 15 of the Statutes of Canada, 2024, is repealed.
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Subsection (1) is deemed to have come into force on June 20, 2024.
127Repeal
127(1)
The Digital Services Tax Regulations, section 97 of chapter 15 of the Statutes of Canada, 2024, are repealed.
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Subsection (1) is deemed to have come into force on June 20, 2024.
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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.
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Any refund payable by the Minister of National Revenue under subsection (1) is to be paid out of the Consolidated Revenue Fund.
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169Repeal
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The Underused Housing Tax Act, section 10 of chapter 5 of the Statutes of Canada, 2022, is repealed.
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Subsection (1) comes into force on January 1, 2035.
170Repeal
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The Underused Housing Tax Regulations, section 116 of chapter 19 of the Statutes of Canada, 2022, are repealed.
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Subsection (1) comes into force on January 1, 2035.
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176September 1, 2022
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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.
176(2)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.
176(3)Authority and Statutory Instruments Act
The Select Luxury Items Tax Regulations, as made by section 175, are deemed
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to have been made under section 154 of the Select Luxury Items Tax Act;
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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
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to have met the publication requirements of subsection 11(1) of the Statutory Instruments Act.
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