Bill C-52
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TABLE OF PROVISIONS
AN ACT TO IMPLEMENT CERTAIN PROVISIONS OF THE BUDGET TABLED IN PARLIAMENT ON MARCH 19, 2007
SHORT TITLE
1. Budget Implementation Act, 2007
PART 1
AMENDMENTS RELATED TO INCOME TAX
Income Tax Act
2-29. Amendments
Income Tax Regulations
30-36. Amendments
Canada Education Savings Act
37. Amendments
Canada Education Savings Regulations
38. Amendments
Coordinating Amendments
39-42. Bill C-33
PART 2
AMENDMENTS TO THE EXCISE TAX ACT (OTHER THAN WITH RESPECT TO THE GOODS AND SERVICES TAX/HARMONIZED SALES TAX)
43-44. Amendments
PART 3
AMENDMENTS IN RESPECT OF THE GOODS AND SERVICES TAX/HARMONIZED SALES TAX
Excise Tax Act
45-52. Amendments
Coordinating Amendments
53. Bill C-40
PART 4
OTHER MEASURES RELATING TO TAXATION
Customs Tariff
54. Amendments
Federal-Provincial Fiscal Arrangements Act
55-56. Amendments
57. Coming into force
Payments to Ontario
58. Payment of $250,000,000
59. Payment of $150,000,000
PART 5
TAX-BACK GUARANTEE ACT
60. Enactment of Act
1. Tax-back Guarantee Act
2. Direction to provide personal tax relief
3. Meaning of “federal debt”
4. Imputed interest savings
5. Effective interest rate
6. Public announcement
PART 6
FEDERAL-PROVINCIAL FISCAL ARRANGEMENTS ACT
Federal-Provincial Fiscal Arrangements Act
61-74. Amendments
Transitional Provisions
75. Amounts paid before coming into force (Part I)
76. Amounts paid before coming into force (Part I.1)
77. Amounts paid before coming into force (Part V.1)
Consequential Amendments
78-80. Canada-Newfoundland Atlantic Accord Implementation Act
81-82. Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offset Payments Act
83. Transitional Provisions
Coming into Force
84. Newfoundland and Labrador and Nova Scotia
PART 7
AMENDMENTS TO THE FINANCIAL ADMINISTRATION ACT
Financial Administration Act
85-88. Amendments
Coming into Force
89. Order in council
PART 8
AMENDMENTS TO THE CANADA MORTGAGE AND HOUSING CORPORATION ACT
90. Amendments
PART 9
AMENDMENTS RELATING TO ELIGIBLE FINANCIAL CONTRACTS
Bankruptcy and Insolvency Act
91-102. Amendments
Canada Deposit Insurance Corporation Act
103. Amendments
Companies’ Creditors Arrangement Act
104-109. Amendments
Payment Clearing and Settlement Act
110-112. Amendments
Winding-up and Restructuring Act
113-116. Amendments
Transitional Provisions
117. Bankruptcy and Insolvency Act
118. Canada Deposit Insurance Corporation Act
119. Companies’ Creditors Arrangement Act
120. Payment Clearing and Settlement Act
121. Winding Up and Restructuring Act
Coordinating Amendments
122. An Act to establish the Wage Earner Protection Program Act, to amend the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act and to make consequential amendments to other Acts
Coming into Force
123. Order in council
PART 10
PAYMENTS TO PROVINCES AND TERRITORIES
Payment to British Columbia
124. Maximum payment of $30,000,000
Clean Air and Climate Change Trust Fund
125. Maximum payment of $1,519,000,000
Transitional Payments
126. Payment of $614,100,000
Human Papillomavirus Immunization
127. Maximum payment of $300,000,000
Patient Wait Times Guarantee
128. Maximum payment of $612,000,000
Child Care Spaces
129. Maximum payment of $250,000,000
Payment to Yukon
130. Payment of $3,500,000
Payment to Northwest Territories
131. Payment of $54,400,000
PART 11
PAYMENTS TO CERTAIN ENTITIES
Nature Conservancy of Canada
132. Maximum payment of $225,000,000
Canada Health Infoway Inc.
133. Maximum payment of $400,000,000
CANARIE Inc.
134. Maximum payment of $96,000,000
Genome Canada
135. Maximum payment of $100,000,000
Aid to Afghanistan
136. Afghanistan Reconstruction Trust Fund — $90,000,000
137. UN Mine Action Service — $20,000,000
138. UN Office on Drugs and Crime — $13,000,000
139. Counter Narcotics Trust Fund — $2,000,000
140. Law and Order Trust Fund for Afghanistan — $10,000,000
Rick Hansen Man in Motion Foundation
141. Maximum payment of $30,000,000
The Perimeter Institute for Theoretical Physics
142. Maximum payment of $50,000,000
Canada Foundation for Sustainable Development Technology
143. Maximum payment of $200,000,000
PART 12
AMENDMENTS RELATING TO FINANCIAL INSTITUTIONS
Bank Act
144-145. Amendments
Cooperative Credit Associations Act
146. Amendment
Insurance Companies Act
147-148. Amendments
Trust and Loan Companies Act
149. Amendment
Coordinating Amendments
150. Bill C-37
PART 13
AMENDMENTS TO THE DEPARTMENT OF PUBLIC WORKS AND GOVERNMENT SERVICES ACT
151-153. Amendments
PART 14
AMENDMENT TO THE FINANCIAL CONSUMER AGENCY OF CANADA ACT
154. Amendment