Bill C-396
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- SUMMARY SUMMARY
- Short Title Short Title
- Excise Tax Act Excise Tax Act
- Coming into Force Coming into Force
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First Session, Forty-fourth Parliament, 70-71 Elizabeth II – 1-2 Charles III, 2021-2022-2023-2024 |
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HOUSE OF COMMONS OF CANADA |
An Act to amend the Excise Tax Act (carbon pollution pricing)
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FIRST READING, June 12, 2024
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Mr. Duncan |
SUMMARY
This enactment amends the Excise Tax Act to eliminate the goods and services tax (GST) in respect of carbon pollution pricing.
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Available on the House of Commons website at the following address:
www.ourcommons.ca
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1st Session, 44th Parliament, 70-71 Elizabeth II – 1-2 Charles III, 2021-2022-2023-2024 |
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HOUSE OF COMMONS OF CANADA |
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BILL C-396 |
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An Act to amend the Excise Tax Act (carbon pollution pricing) |
His Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
Short Title
Short title
1 This Act may be cited as the Stopping the Tax on the Carbon Tax Act.
R.S., c. E-15
Excise Tax Act
2 Section 154 of the Excise Tax Act is amended by adding the following after subsection (2):
Levies excluded from consideration
Start of inserted block154 (2.1) Despite subsection (2), for the purposes of this Part, the consideration for a supply of property or a service does not include
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(a) any tax, duty or fee imposed under the Greenhouse Gas Pollution Pricing Act; or
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(b) any provincial levy imposed in respect of carbon.
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3 Subsection 221(2.1) of the Act is repealed.
4 The portion of subsection 228(4) of the Act before paragraph (a) is replaced by the following:
Real property — self-assessment
(4) If tax under Division II is payable by a person in respect of a supply of property that is real property and the supplier is not required to collect the tax and is not deemed to have collected the tax,
5 Subsection 261(2.1) of the Act is repealed.
6 Paragraph 298(1)(b) of the Act is replaced by the following:
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(b) in the case of an assessment of tax payable by the person under Division II in respect of a supply to which subsection 221(2) applies, more than four years after the later of the day on or before which the person was required to file the return in which that tax was required to be reported and the day the return was filed;
7 Schedule VI to the Act is amended by adding the following after Part X:
PART XI Carbon Pricing
1 A supply of emission allowances.
End of inserted blockComing into Force
45th day after royal assent
8 This Act comes into force on the 45th day after the day on which it receives royal assent.
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Published under authority of the Speaker of the House of Commons
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