Bill C-15 · 42th Parliament · Justin Trudeau
Budget Implementation Act, 2016, No. 1.
An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2016 and other measures
Government bill. Became law.
- IntroducedApril 20, 2016
- Debated in principleMay 10, 2016
- Studied by a committeeDone
- Passed its first chamberJune 13, 2016
- Passed the second chamberJune 21, 2016
- Became lawJune 21, 2016
Leading supporters
Ranked by the part each played: who is responsible for the bill, who carried it, and who spoke for it most.
- Justin TrudeauPrime Minister
Who carries this bill
Arrows run from the person responsible to those who answer to them on this bill. The critic leads the Senate’s scrutiny and answers to no one on it.
What it set out to do
The pre-release version of this Legislative Summary is now available. Parliamentarians and their staff can obtain a copy by submitting a request or contacting the Library of Parliament. Members of the public can obtain a copy by the contacting the Information Service at the Library of Parliament. On 20 April 2016, the Minister of Finance introduced Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on March 22, 2016 and other measures (Budget Implementation Act, 2016, No. 1), in the House of Commons and it was given first reading. Part 1 implements certain income tax measures proposed in the March 22, 2016 budget by (a) eliminating the education tax credit; (b) eliminating the textbook tax credit; (c) exempting from taxable income amounts received as rate assistance under the Ontario Electricity Support Program; (d) maintaining the small business tax rate at 10.5?% for the 2016 and subsequent taxation years and making consequential adjustments to the dividend gross-up factor and dividend tax credit; (e) increasing the maximum deduction available under the northern residents deduction; (f) eliminating the children’s arts tax credit; (g) eliminating …
Summary by the Library of Parliament.
Where members stand
Votes and debate for this bill have not been read yet.
How it changed on the way
23% of the text as introduced was changed or removed by the time it became law (55,809 words introduced, 55,603 passed). A committee amended it.
moderate changeintent mostly kept
The bill passed with technical refinements to dates and wording in dividend and education tax rules, while the main budget measures stayed the same. 23% of the introduced text was altered through removal, replacement, or addition of precise statutory language.
- Adjusted placement and parentheses in qualifying student definition for award income rules.
Before: “in an educational program in respect of which the taxpayer is a subsection 118.6( (as defined in qualifying student 1 ))”
After: “in an educational program in respect of which the taxpayer is a (as defined in subsection 118.6(1)) in the taxation year, in the immediately preceding taxation year or in the following taxation year, or qualifying student”
- Refined wording on stock dividend proceeds and safe-income carve-outs for anti-avoidance rules.
Before: “(i) in the case of a shareholder that is an individual , the amount of the stock dividend, and (ii) in any other case, the total of all amounts each of which is ( A ) the amount, if any, by which (I) the amount that is the lesser of the amount of the stock dividend and its fair market value exceeds ( II ) the amount of the dividend that the shareholder may deduct under subsection 112(1)”
After: “(i) in the case of a shareholder that is an individual, the amount of the stock dividend, and (ii) in any other case, the total of all amounts each of which is (A) the amount, if any, by which (I) the amount that is the lesser of the amount of the stock dividend and its fair market value exceeds (II) the amount of the dividend that the shareholder may deduct under subsection 112(1)”
How precisely it is written
The drafting has not been read yet.
Did it work?
The evidence has not been searched yet.
Who lobbied on it
No lobbying registration naming this bill is loaded.
Stages and dates from LEGISinfo.