Bill C-86 · 42th Parliament · Justin Trudeau
Budget Implementation Act, 2018, No. 2
A second Act to implement certain provisions of the budget tabled in Parliament on February 27, 2018 and other measures
Government bill. Became law.
- IntroducedOct. 29, 2018
- Debated in principleNov. 6, 2018
- Studied by a committeeDone
- Passed its first chamberDec. 3, 2018
- Passed the second chamberDec. 10, 2018
- Became lawDec. 12, 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 29 October 2018, the Minister of Finance introduced Bill C-86, A second Act to implement certain provisions of the budget tabled in Parliament on February 27, 2018 and other measures (Budget Implementation Act, 2018, No. 2), in the House of Commons and it was given first reading. Part 1 implements certain income tax and related measures by (a) introducing rules intended to provide greater certainty with respect to various tax consequences arising from certain foreign divisive reorganizations; (b) ensuring that the existing cross-border anti-surplus stripping rule cannot be circumvented through transactions involving the use of partnerships or trusts; (c) introducing rules to prevent misuse of the foreign accrual property income regime through the use of tracking interests involving foreign affiliates; (d) ensuring consistency between the trading or dealing in indebtedness…
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
8% of the text as introduced was changed or removed by the time it became law (243,519 words introduced, 243,292 passed). A committee amended it.
minor changeintent mostly kept
The bill kept its overall structure and most provisions from introduction to passage, with only 8% of the text changed. The main visible difference is an updated date in the Governor General's recommendation.
- Date in the recommendation for appropriation of public revenue was updated.
Before: “2 2018 10 29 MINISTER OF FINANCE 90881 RECOMMENDATION”
After: “2 2018 12 13 27 2018 90881 RECOMMENDATION”
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.