Spring Economic Update 2026 Implementation Act

Bill C-30, Spring Economic Update 2026 Implementation Act · Second reading · now law Where it stands

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.

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25 statements

Scot Davidson, New Tecumseth—Gwillimbury

Conservative
“People and small businesses in my riding are broke and struggling. We need local infrastructure like gas lines and electricity, but the government is sending money overseas instead.”
Official Hansard

Mr. Speaker, my colleague is right. Canadians are flat broke. I spent time in the riding over these last two weeks. I could not believe the stories people and small business owners were telling me. As an aside, and I have spoken about this a number of times, we have been waiting 10 years for natural gas lines in my riding and for phase three hydro so small businesses can start. People are coming to me, frustrated, asking, “Why are we sending all this money overseas? Why am I on the outside looking in when all I am trying to do is just get ahead?”

Scot Davidson, New Tecumseth—Gwillimbury

Conservative
“The government claims the carbon tax and their wealth fund do not hurt prices or costs. If their ideas work as well as they claim, they should put way more money into them.”
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Official Hansard

Mr. Speaker, as in my opening, I am always proud to represent the soup and salad bowl of Canada. Again, going back to the Liberal government with the industrial carbon tax, the Liberals sit there and say that the industrial carbon tax does not affect the price of anything and that it is actually good for prices. I go back to what I said about the wealth fund. If raising the industrial carbon tax does not affect anything, why only raise it to $170? They should put it up to $400. It does not affect anything. It is the same with the wealth fund. Why $25 billion? If the returns are so good, why not put $500 billion in it and get it going?

Scot Davidson, New Tecumseth—Gwillimbury

Conservative
“The government broke its promise to build a vaccine factory in Quebec. It wasted $300 million of our money.”
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Official Hansard

Mr. Speaker, we are all concerned about the promises the government makes. It is all pie in the sky. We spent $300 million. We were supposed to have a factory that actually created vaccines for Canadians in Quebec. Where is that factory now? Where is the $300 million? That is what Canadians call waste.

Steven Bonk, Souris—Moose Mountain

Conservative
“The government changed how it tracks its debt limits. Canada is the only G7 country that leaves out provincial debt from this math. I want to know what Canada's true debt number would be if we counted it like other countries do.”
Official Hansard

Mr. Speaker, we have seen the government, midway through its term, change the definitions of its fiscal anchors. Instead of debt-to-GDP ratio, it is debt-to-deficit ratio. One thing that I want to get a clear answer on from the member opposite is that, in the G7, Canada is the only country that does not count subnational debt when it is talking about debt-to-GDP ratios. What would the number be if Canada used the same accounting practices as all other countries?

Mike Lake, Leduc—Wetaskiwin

Conservative
“Canada's economy and national unity would improve if Alberta could sell its oil around the world. Foreign oil from Saudi Arabia, Nigeria, and Algeria faces fewer emission rules than Alberta oil. I want to know if the member thinks that is fair.”
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Official Hansard

Mr. Speaker, one thing that would help Canada’s fiscal situation substantially and would help our national unity situation substantially is if we were allowed to sell our resources from Alberta around the world. Currently, because of policies put in place by this member’s government over the last 10 years, oil shipped from Alberta is subject to more rigorous emission standards than oil imported from Saudi Arabia and Nigeria to Canada. Does the member think it is okay that oil coming from Nigeria, Saudi Arabia or Algeria is subject to less rigorous standards than oil and gas coming from Alberta?

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