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Spring economic update changes

C-30 Spring Economic Update 2026 Implementation Act: An Act to implement certain provisions of the spring economic update tabled in Parliament on April 28, 2026

Enacts spring economic update measures, temporarily cutting federal excise taxes on gasoline and diesel to zero until September 2026.

What the law does

The law implements measures from the spring economic update, temporarily removing the federal excise tax on gasoline, diesel, and aviation fuels from April 20, 2026, to September 7, 2026. It lowers Canada Pension Plan contribution rates starting in 2027 and extends extra Employment Insurance weeks for seasonal workers to October 2028. It also makes other changes to tax rules, alcohol excise duties, transportation data, and federal regulation of banking, food inspection, and pest control products.

Official summary

Part 1 implements certain measures in respect of the Income Tax Act and the Income Tax Regulations by (a) modifying the Labour Mobility Deduction for eligible tradespeople by increasing the annual limit on expenses that can be deducted and by reducing the distance threshold for eligibility; (b) making permanent the capital gains tax exemption for the sale of a business to an employee ownership trust or a worker co-operative; (c) extending the repayment grace period under the Home Buyers’ Plan; (d) providing temporary immediate expensing for eligible greenhouse buildings; and (e) improving the interaction of the Electric Vehicle Affordability Program with existing tax rules.

Part 2 amends the Excise Tax Act to temporarily set the excise tax rate on gasoline and aviation gasoline to $0.‍00 and on diesel fuel and aviation fuel to $0.‍00 for the period beginning on April 20, 2026 and ending on September 7, 2026. It also amends the Excise Act and the Excise Act, 2001 to implement an additional two-year extension of the 2% cap on the annual alcohol excise duty inflation adjustment, and of the 50% reduction on excise duty rates for the first 15,000 hectolitres of beer brewed in Canada, effective April 1, 2026. Part 3 amends several Acts in order to implement various measures. Division 1 of Part 3 amends the Bank Act to provide that the Investment Canada Act does not apply in respect of certain transactions made by foreign banks or entities associated with a foreign bank if the transactions are subject to an approval under the Bank Act , the Trust and Loan Companies Act or the Insurance Companies Act . Division 2 of Part 3 amends the Bank of Canada Act to combine into a single Act the Bank of Canada’s powers, duties and functions related to the recovery of costs incurred by it for or in connection with the administration of certain Acts. It also makes related amendments to other Acts. Division 3 of Part 3 amends the Canadian Payments Act to provide immunity for the Canadian Payment Association and certain individuals from any civil liability, other than in contract, for anything done or omitted to be done in good faith in the administration or discharge of any powers or duties conferred under that Act. Division 4 of Part 3 amends the Employment Insurance Act to, among other things, (a) extend, until October 7, 2028, the duration of the measure that increases the maximum number of weeks for which benefits may be paid in a benefit period to certain seasonal workers; (b) remove the description of the regions in which the workers must be ordinarily resident to be eligible for the increase; (c) provide that those regions are established by regulation; and (d) provide that paragraph 12(2.‍3)‍(b) of that Act is repealed on November 7, 2027. Division 5 of Part 3 amends the Canada Pension Plan to reduce the contribution rate for employees, employers and self-employed persons for the year 2027 and each subsequent year. Division 6 of Part 3 amends the Canada Transportation Act to require certain individuals and entities to provide the Minister of Transport with information that that Minister considers necessary for the exercise of the powers and the performance of the duties and functions of that Minister or for the development of transportation policies. The Division also amends that Act to specify the individuals and entities to whom such information may be communicated. Division 7 of Part 3 amends the Canadian Food Inspection Agency Act to clarify the mandate of the Canadian Food Inspection Agency and authorize the Governor in Council to, in certain circumstances, exempt persons, things or activities, or classes of persons, things or activities, from the application of provisions of certain Acts of Parliament, or regulations made under those Acts, that are administered or enforced by the Agency. It also makes a consequential amendment to the Agriculture and Agri-Food Administrative Monetary Penalties Act . Division 8 of Part 3 amends the Pest Control Products Act to, among other things, (a) require the Minister of Health to consider, as appropriate, national economic security, regional economic security or national food security, for the purposes of that Act; (b) authorize the Governor in Council to, by order, after that Minister has decided that they do not consider the environmental risks of a pest control product to be acceptable, register or amend the product’s registration to permit its use in the emergency control of a seriously detrimental infestation, or amend, reinstate, or both reinstate and amend the registration of the product, if the Governor in Council considers it necessary to do so to protect national economic security, regional economic security or national food security; and (c) provide that the Governor in Council may establish conditions in the order.

Kind
Government bill
Sponsor
François-Philippe Champagne, Minister of Finance and National Revenue (Saint-Maurice—Champlain)
Introduced
in the House of Commons
Last activity

Where it stands

  1. ProposedApr 29
  2. Being debated
  3. Almost law
  4. LawJun 18

Became law June 18

  1. First reading in the House done

    Before the House on 1 sitting day,

  2. Second reading in the House done

    Standing Committee on Finance

    Before the House on 4 sitting days, to · 9 debates here

    2nd reading and referral to committee - FINA: agreed to, 170–⁠164 (division 125),

  3. Committee in the House done

    Standing Committee on Finance

    Before the House on 1 sitting day,

  4. Report stage in the House done

    Before the House on 1 sitting day, · 1 debate here

  5. Third reading in the House done

    Before the House on 1 sitting day, · 2 debates here

    3rd reading: agreed to, 166–⁠159 (division 173),

  6. Senate pre-study (Senate) done

    Standing Senate Committee on National Finance

  7. First reading in the Senate done

    Before the Senate on 1 sitting day,

  8. Second reading in the Senate done

    Standing Senate Committee on National Finance

    Before the Senate on 1 sitting day,

  9. Committee in the Senate done

    Standing Senate Committee on National Finance

    Before the Senate on 1 sitting day,

  10. Third reading in the Senate done

    Before the Senate on 1 sitting day,

  11. Royal assent done

Exact procedural stages
  1. House
    1. First reading in the House: done, 2026-04-29
    2. Second reading in the House: done, 2026-05-26
    3. Committee in the House: done, 2026-06-16
    4. Report stage in the House: done, 2026-06-18
    5. Third reading in the House: done, 2026-06-18
  2. Senate
    1. First reading in the Senate: done, 2026-06-18
    2. Second reading in the Senate: done, 2026-06-18
    3. Committee in the Senate: done, 2026-06-18
    4. Third reading in the Senate: done, 2026-06-18
  3. Royal assent
    1. Royal assent: done, 2026-06-18

Debates in the House 21

Members who spoke: Conservative 34 Liberal 22 Bloc Québécois 11 NDP 2 Green 1

Second reading 9

  1. Spring Economic Update 2026 Implementation Act

    11 members spoke
  2. Spring Economic Update 2026 Implementation Act

    8 members spoke
  3. Spring Economic Update 2026 Implementation Act

    8 members spoke
  4. Spring Economic Update 2026 Implementation Act

    4 members spoke
  5. Spring Economic Update 2026 Implementation Act

    14 members spoke
  6. Government Orders: Second Reading

    6 members spoke
  7. Spring Economic Update 2026 Implementation Act

    20 members spoke
  8. Spring Economic Update 2026 Implementation Act

    16 members spoke
  9. Government Orders

    2 members spoke

Report stage 1

  1. Spring Economic Update 2026 Implementation Act

    17 members spoke

Third reading 2

  1. Spring Economic Update 2026 Implementation Act

    5 members spoke
  2. Government Orders

    3 members spoke

Time allocation, closure and other motions on the bill 9

  1. Spring Economic Update 2026 Implementation Act: Bill C-30-Time Allocation Motion

    16 members spoke
  2. Government Business No. 12—Proceedings on Bill C-30

    9 members spoke
  3. Government Business No. 12—Proceedings on Bill C-30: Notice of Closure Motion

    1 member spoke
  4. Government Business No. 12—Proceedings on Bill C-30: Motion That Debate Be Not Further Adjourned

    14 members spoke
  5. Government Orders: Government Business No. 12-Proceedings on Bill C-30

    8 members spoke
  6. Government Business No. 12—Proceedings on Bill C-30

    13 members spoke
  7. Government Business No. 12—Proceedings on Bill C-30

    17 members spoke
  8. Government Business No. 12—Proceedings on Bill C-30

    19 members spoke
  9. Government Orders

    1 member spoke

Also raised in 38

Question Period, members' statements and other debates where the bill came up.

Show 38
  1. National Strategy for Soil Health Act

  2. Strengthening Canada's Defence Sector Act

  3. Democratic Institutions

  4. Health

  5. Adjournment Proceedings

  6. Business of Supply

  7. Building Canada Strong Act

  8. Building Canada Strong Act

  9. Commissioner for Modern Treaty Implementation Act

  10. Adjournment Proceedings

  11. Democratic Institutions

  12. Government Business No. 13—Proceedings on Bill C‑22

  13. Standing Committee on Finance

  14. Democratic Institutions

  15. Points of Order

  16. Government Business No. 11—Proceedings on Bill C‑26

  17. Government Priorities

  18. Business of the House

  19. Adjournment Proceedings

  20. International Trade

  21. Health

  22. Business of Supply

  23. Health

  24. Main Estimates, 2026-27

  25. Budget 2025 Implementation Act, No. 2

  26. Adjournment Proceedings

  27. The Economy

  28. Business of Supply

  29. Business of Supply

  30. Business of Supply

  31. Business of Supply

  32. Taxation

  33. Employment

  34. Adjournment Proceedings

  35. Business of the House

  36. Business of the House

  37. Adjournment Proceedings

  38. Ways and Means

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