C-31 (45-1) - Budget 2025 Implementation Act, No. 2

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Source: Parliament of Canada (LEGISinfo)
Date: 2026-10-30 12:26:14.0
Tags: [National, Finance, Taxation, Economy, Governance]

Bill C-31 (45th Parliament, 1st Session), titled the Budget 2025 Implementation Act, No. 2 and sponsored by Minister of Finance and National Revenue, has advanced to the report stage in the House of Commons following committee review by the Standing Committee on Finance, which presented its report with amendments on October 30, 2026. The legislation implements provisions stemming from the federal budget tabled on November 4, 2025, and the 2026 Spring Economic Update titled 'Canada Strong For All'. The Senate has concurrently authorized pre-study of the bill's subject matter across multiple standing committees, including the Standing Senate Committee on National Finance and specialized sectoral committees assigned to specific divisions of Part 4 of the bill.

House of Commons returns for fall sitting after turbulent summer

Source: CBC Politics
Date: 2026-09-21 16:59:49.0
Tags: [National, Economy, Trade, Taxation, Governance, Labour]

The House of Commons resumes its fall sitting under Prime Minister Mark Carney, with the legislative agenda dominated by U.S.-Canada trade tensions and retaliatory tariffs following the collapse of trade talks. The federal government plans to introduce a productivity "mega-deduction" allowing companies to expense total capital investments, balance the day-to-day operating budget by next year, and advance Bill C-31 to implement 2025 budget tax and defence procurement provisions. Additional legislative priorities include extending the excise tax holiday on gasoline, streamlining major project reviews, modifying the Labour Code, and progressing left-over spring bills concerning under-16 social media restrictions, First Nations drinking water frameworks, and corporate data privacy rules.

House of Commons is back as Liberals vow ‘significant’ legislation coming

Source: Global News Politics
Date: 2026-09-21 12:19:28.0
Tags: [National, Economy, Trade, Taxation, Labour, Governance]

As the House of Commons resumes the fall sitting, Prime Minister Mark Carney and Government House leader Steven MacKinnon have announced plans to introduce significant economic legislation and major changes to the federal labour code. Finance Minister François-Philippe Champagne is preparing to introduce a bill extending relief for the excise tax on fuel alongside an upcoming fall budget. Meanwhile, the federal government faces escalating cross-border trade tensions and tariff disputes with the United States administration under President Donald Trump after trade talks stalled.

MPs are heading back to Parliament Hill. Here's what to watch this sitting

Source: CBC Politics
Date: 2026-09-20 08:00:00.0
Tags: [National, Economy, Taxation, Trade, Labour, Governance]

As Parliament returns for the fall 2026 sitting, Prime Minister Mark Carney's majority government faces a legislative agenda focused on economic growth, upcoming federal budget measures, and trade developments involving the United States and the European Union. Key legislative items include the Building Canada Strong Act to streamline major project reviews, Bill C-31 implementing 2025 budget provisions, tax policy initiatives including a productivity mega-deduction, and amendments to the Labour Code affecting the Canada Industrial Relations Board regarding high-risk work stoppages in export industries. The Liberals hold 173 seats in the House of Commons alongside six vacant seats, while managing ongoing trade fallout with the U.S. administration and proposed closer economic alliances with the European Union.

Carney to address Liberal caucus after return from Europe

Source: Global News Politics
Date: 2026-09-18 12:25:25.0
Tags: [National, Trade, Economy, Taxation, Defence, Governance]

Prime Minister Mark Carney addressed the Liberal caucus in Ottawa ahead of the fall sitting of the House of Commons, which will feature upcoming legislation to enact a fuel excise tax extension announced on September 2. Following a trip to Strasbourg, France, Carney welcomed a historic proposal from European Commission President Ursula von der Leyen for Canada to become the European Union's first associate member. Carney stated he will sign no new deals with the European Union until Canada’s Parliament can vote on them, as part of a broader push to strengthen trade, defence, and people-to-people ties with Europe and reduce reliance on the United States.

'Momentous decision': Alberta separation could cost up to $170 billion, says U of C report

Source: Alberta - Edmonton Journal (Legislature & Capital)
Date: 2026-09-16 17:30:44.0
Tags: [Alberta, Economy, Finance, Governance, Taxation, Trade]

A government-commissioned report from the University of Calgary School of Public Policy estimates that establishing an independent Alberta would cost between $50 billion and $170 billion in the first five years following separation. Under a 'smooth' secession scenario, the report projects Alberta would add nearly $210 billion in debt—largely from its share of Canada's national debt—along with short-term GDP contraction and initial per-capita tax increases of over $800. Under a 'difficult' scenario involving adversarial negotiations, Alberta's total debt could approach $442 billion (making up nearly 90 per cent of its GDP) with per-capita wage losses reaching $5,500 and short-term tax increases of $5,400 over the first five years. The findings precede an October 19 vote regarding whether the province should further pursue separation, as overseen by Finance Minister Jason Nixon's office and a five-member advisory panel.