Bill C-74 · 42th Parliament · Justin Trudeau
Budget Implementation Act, 2018, No. 1
An Act to implement certain provisions of the budget tabled in Parliament on February 27, 2018 and other measures
Government bill. Became law.
- IntroducedMarch 27, 2018
- Debated in principleApril 23, 2018
- Studied by a committeeDone
- Passed its first chamberJune 6, 2018
- Passed the second chamberJune 14, 2018
- Became lawJune 20, 2018
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 contacting the Information Service at the Library of Parliament at [email protected]. On 27 March 2018, the Minister of Finance introduced Bill C-74, An Act to implement certain provisions of the budget tabled in Parliament on February 27, 2018 (Budget Implementation Act, 2018, No. 1) and other measures, in the House of Commons and it was given first reading. Part 1 implements certain income tax measures proposed or referenced in the February 27, 2018 budget by (a) ensuring appropriate tax treatment of amounts received under the Veterans Well-being Act; (b) exempting from income amounts received under the Memorial Grant for First Responders; (c) lowering the small business tax rate and making consequential adjustments to the dividend gross-up factor and dividend tax credit; (d) reducing the business limit for the small business deduction based on passive income and restricting access to dividend refunds on the payment of eligible dividends; (e) preventing the…
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
10% of the text as introduced was changed or removed by the time it became law (174,243 words introduced, 174,633 passed). A committee amended it.
minor changeintent mostly kept
The bill added one new fuel charge section and made small wording fixes to veterans' benefit exemptions and dividend tax rules. The overall structure and main budget measures stayed the same.
- Added a new charge on fuel delivery in listed provinces.
After: “24.1 Charge — delivery in a listed province”
- Cleaned punctuation in veterans' income replacement benefit text.
Before: “Veterans Well-being Act , as modified, where applicable, under Part 5 of that Act) Veterans Well-being Act , or (ii)”
After: “of the Veterans Well-being Act , as modified, where applicable, under Part 5 of that Act), a supplementary retirement benefit or a career impact allowance payable to the taxpayer under Part 2 of the Veterans Well-being Act , or (ii)”
- Cleaned punctuation in veterans' pain and suffering compensation text.
Before: “under Part 3 of the , Veterans Well-being Act (iii)”
After: “under Part 3 of the Veterans Well-being Act , (iii)”
- Cleaned parentheses in refundable dividend tax on hand rule.
Before: “eligible refundable dividend tax on hand and ( non-eligible refundable dividend tax on hand as defined in subsection 129(4) )”
After: “eligible refundable dividend tax on hand and non-eligible refundable dividend tax on hand (as defined in subsection 129(4))”
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.