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Government Orders

Government Orders

2026-05-06 / Sitting 118 / No matching statements

The 2025 Budget Implementation Act, No. 2 is an omnibus bill that implements various tax measures, amends several acts, and enacts new legislation. The bill includes changes to income tax rules, GST/HST rules for financial institutions, excise tax and duty rules, and more. It also prohibits financial institutions from issuing documents in bearer form, requires banks to offer deposit products non-discriminatorily in certain cases, increases the maximum amount for accessing the Tax Court's informal procedure, prohibits non-compete clauses in employment contracts except in limited circumstances, establishes a new Defence Investment Agency to coordinate procurement for national defense and security, and makes changes to the air passenger rights regime. During debate, the government House leader moved for leave to introduce the bill.