Bill C-15 · 45th Parliament · Mark Carney
Budget 2025 Implementation Act, No. 1
An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025
Government bill. Became law.
- IntroducedNov. 18, 2025
- Debated in principleDec. 10, 2025
- Studied by a committeeDone
- Passed its first chamberFeb. 26, 2026
- Passed the second chamberMarch 26, 2026
- Became lawMarch 26, 2026
Leading supporters
Ranked by the part each played: who is responsible for the bill, who carried it, and who spoke for it most.
- Mark CarneyPrime 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
On 18 November 2025, the Minister of Finance and National Revenue introduced Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025 (Budget 2025 Implementation Act, No. 1) in the House of Commons and it was given first reading. Bill C-15 Part 1 implements certain measures in respect of the Income Tax Act and the Income Tax Regulations by (a) expanding the rollover for small business corporation shares; (b) expanding the list of expenses recognized under the Disability Supports Deduction; (c) exempting the Canada Disability Benefit from income; (d) aligning the taxation of investment income and active business income earned and distributed by controlled foreign affiliates with the rules that currently apply to Canadian-controlled private corporations; (e) extending the deadline for making certain charitable donations eligible for tax support in the 2024 tax year; (f) increasing the limit under the Lifetime Capital Gains Exemption so that it applies on up to $1.25 million of eligible capital gains, applicable to dispositions that occur on or after June 25, 2024, with indexation of the limit to resume in 2026; (g) exempting the first $…
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
13% of the text as introduced was changed or removed by the time it became law (187,018 words introduced, 187,291 passed). A committee amended it.
minor changeintent mostly kept
The bill kept its core tax and regulatory measures but added phosphate to the Critical Mineral Exploration Tax Credit and inserted limited qualifiers on regulatory exemptions and postal authority. Minor wording fixes, punctuation, and one removal of an information-disclosure clause also occurred.
- Expanded list of minerals eligible for the Critical Mineral Exploration Tax Credit.
Before: “expanding the eligibility of the Critical Mineral Exploration Tax Credit to bismuth, cesium, chromium, fluorspar, germanium, indium, manganese, molybdenum, niobium, tantalum, tin and tungsten;”
After: “expanding the eligibility of the Critical Mineral Exploration Tax Credit to bismuth, cesium, chromium, fluorspar, germanium, indium, manganese, molybdenum, niobium, phosphate, tantalum, tin and tungsten;”
- Added authority for exceptions when Canada Post sets rates and terms.
Before: “provide the Canada Post Corporation with the authority to establish those rates and terms and conditions.”
After: “provide the Canada Post Corporation with the authority to establish those rates and terms and conditions and provide for exceptions.”
- Narrowed Red Tape Reduction Act exemptions to clean technology or financial technology sectors and added conditions.
Before: “authorize ministers to grant temporary exemptions from the application of provisions of certain Acts of Parliament and instruments with the aim of facilitating the design, modification or administration of regulatory regimes to encourage innovation, competitiveness or economic growth.”
After: “authorize, subject to certain conditions, ministers to grant temporary exemptions from the application of provisions of certain Acts of Parliament and instruments with the aim of facilitating the design, modification or administration of regulatory regimes to encourage innovation, competitiveness or economic growth in the clean technology or financial technology sector.”
- Removed authorization for disclosure of information under the Royal Canadian Mounted Police Superannuation Act.
Before: “to specify that claims for awards made under Part II of that Act are to be dealt with and determined by the Minister who administers the Pension Act and to authorize the disclosure of information in certain circumstances.”
After: “to specify that claims for awards made under Part II of that Act are to be dealt with and determined by the Minister who administers the Pension Act”
How precisely it is written
vagueChallenging the law: ModerateDisputing a charge: Moderate
The supplied text describes amendments through high-level summaries that mix concrete consent rules with undefined purposes, broad authorizations, and discretionary powers. This leaves key coverage open to argument rather than settling it through objective tests or narrow language.
Open to argument
“reaffirm that security of the public is a key purpose of that Act”
Uses an undefined and subjective standard that does not specify what conduct is newly covered.“any necessary support services and facilities”
Relies on an open-ended judgment call by officials without measurable criteria.“unless authorized by the Minister”
Grants broad discretion without stating objective conditions for granting or refusing authorization.
Clear-cut
“without the express consent of the natural person in whose name the account is kept”
States a clear, objective requirement tied to a defined individual.“increase the maximum penalties to which a person who commits an offence under that Act is liable”
Refers to a quantifiable change in liability limits.
Discretion. Extensive power remains with the Minister of Health to create and update the registry, with the Minister to authorize aircraft-system interference, and with regulations to fill in the administrative penalty regime and exact penalty amounts.
Challenging the law itself. Broad phrases such as 'key purpose' and open-ended ministerial authorization could support a vagueness or overbreadth argument under section 7 of the Charter.
Disputing a charge under it. Accused persons could readily dispute the scope of terms such as 'interference' or 'related to discrepancies' because the text supplies no definitions or objective thresholds.
Read by a language model from the royal assent text; every quoted phrase appears in the bill. A reading of the drafting, not legal advice.
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.