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Budget 2025 Implementation Act, No. 1 (S.C. 2026, c. 3)

Assented to 2026-03-26

PART 5Various Measures (continued)

DIVISION 37Proceeds of Crime (Money Laundering) and Terrorist Financing (Various Measures) (continued)

2000, c. 17; 2001, c. 41, s. 48Proceeds of Crime (Money Laundering) and Terrorist Financing Act (continued)

578 The Act is amended by adding the following after section 2:

Marginal note:Regulations — recommendation of Minister

2.1 Regulations under this Act are to be made on the recommendation of the Minister of Finance.

579 The Act is amended by adding the following after section 9.1:

Marginal note:Prohibition — government institution or authorized agency

  • 9.11 (1) Every government institution or agency that accepts a report required by regulations made under paragraph 73(1)(c) or a similar report voluntarily submitted to it is prohibited from disclosing that report or its contents to any person or entity, except in prescribed circumstances.

  • Marginal note:Exceptions

    (2) However, a government institution or agency may disclose the report or its contents to any of the following:

    • (a) the Centre;

    • (b) the appropriate police force;

    • (c) the Canada Revenue Agency;

    • (d) the Agence du revenu du Québec;

    • (e) an agency or body that administers legislation governing incorporation;

    • (f) any prescribed entity.

  • Marginal note:For greater certainty

    (3) For greater certainty, subsection (1) does not apply to an entity referred to in any of paragraphs (2)(a) to (f) in respect of a report or its contents if the report or its contents were disclosed to the entity under subsection (2).

  • 580 (1) The portion of subsection 11.49(1) of the Act before paragraph (a) is replaced by the following:

    Marginal note:Regulations — limitation and prohibition

    • 11.49 (1) The Governor in Council may make regulations

  • (2) Subsection 11.49(2) of the Act is replaced by the following:

    • Marginal note:Consultation with Minister of Foreign Affairs

      (2) The Minister shall consult with the Minister of Foreign Affairs before recommending to the Governor in Council that a regulation be made under subsection (1).

581 Paragraph 36(3.01)(b) of the Act is replaced by the following:

  • (b) relate to a registered charity as defined in subsection 248(1) of the Income Tax Act, to an entity that has applied for registration as such a registered charity or to a person or any other entity that solicits financial donations from the public.

582 The portion of subsection 39.38(1) of the Act before paragraph (a) is replaced by the following:

Marginal note:Regulations

  • 39.38 (1) The Governor in Council may make regulations in respect of electronic communications and electronic means, including electronic systems, or any other technology to be used in the administration or enforcement of this Part, including regulations respecting

583 The portion of subsection 73(1) of the Act before paragraph (a) is replaced by the following:

Marginal note:Regulations

  • 73 (1) The Governor in Council may make any regulations that the Governor in Council considers necessary for carrying out the purposes and provisions of this Act, including regulations

SOR/2002-184Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

584 Paragraph 4.1(c) of the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations is replaced by the following:

  • (c) if the person or entity is a real estate broker or sales representative, a real estate developer, a mortgage administrator, a mortgage broker, a mortgage lender or a title insurer, the first time that the person or entity is required to verify the identity of the client under these Regulations,

585 Paragraph 138(5)(b) of the Regulations is replaced by the following:

  • (b) an organization, other than one referred to in paragraph (a), that solicits financial donations from the public.

R.S., c. A-1Consequential Amendment to the Access to Information Act

586 Schedule II to the Access to Information Act is amended by replacing the reference to “paragraphs 55(1)(a), (d) and (e)” opposite “Proceeds of Crime (Money Laundering) and Terrorist Financing Act” with “subsection 9.11(1) and paragraphs 55(1)(a), (d) and (e)”.

Coming into Force

Marginal note:October 1, 2025

587 Section 584 is deemed to have come into force on October 1, 2025 immediately after the coming into force of section 8 of the Regulations Amending Certain Regulations Made Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, made on December 16, 2024 and registered as SOR/2024-267.

DIVISION 382017, c. 20, s. 103Borrowing Authority Act

588 The portion of section 4 of the Borrowing Authority Act before paragraph (a) is replaced by the following:

Marginal note:Maximum amount that may be borrowed

4 Despite section 3 and any other Act of Parliament, but subject to section 6, the total of the following amounts must not at any time exceed $2,541,000,000,000:

DIVISION 39Measures Related to the Dissolution of Certain Corporations and Cooperatives (Listed Entities)

R.S., c. C-44; 1994, c. 24, s. 1(F)Canada Business Corporations Act

  • 589 (1) Paragraph 212(1)(a) of the Canada Business Corporations Act is replaced by the following:

    • (a) dissolve a corporation by issuing a certificate of dissolution under this section on the grounds that

      • (i) the corporation has not commenced business within three years after the date shown in its certificate of incorporation,

      • (ii) the corporation has not carried on its business for three consecutive years,

      • (iii) the corporation is in default for a period of one year in sending to the Director any fee or any notice, document or other information required by this Act,

      • (iv) the corporation does not have any directors or is in the situation described in subsection 109(4), or

      • (v) the Director is notified by the Minister of Public Safety and Emergency Preparedness that the corporation is a listed entity as defined in subsection 83.01(1) of the Criminal Code; or

  • (2) Subsection 212(3) of the Act is replaced by the following:

    • Marginal note:Exception — listed entities

      (2.1) Subsection (2) does not apply if the ground, or one of the grounds, for issuing a certificate of dissolution is the ground set out in subparagraph (1)(a)(v).

    • Marginal note:Certificate of dissolution

      (3) Unless cause to the contrary has been shown or an order has been made by a court under section 246, the Director may issue a certificate of dissolution in the form that the Director fixes. However, if subsection (2) applies, the certificate is not to be issued until after the end of the period referred to in that subsection.

1998, c. 1Canada Cooperatives Act

  • 590 (1) The portion of subsection 311(1) of the Canada Cooperatives Act before paragraph (a) is replaced by the following:

    Marginal note:Dissolution by Director

    • 311 (1) Subject to subsections (2) and (3), the Director may dissolve a cooperative by issuing a certificate of dissolution under this section on the grounds that

  • (2) Paragraphs 311(1)(a) to (d) of the English version of the Act are replaced by the following:

    • (a) the cooperative has not commenced business within three years after the date shown in its certificate of incorporation;

    • (b) the cooperative has not carried on its business for three consecutive years;

    • (c) the cooperative is in default for a period of one year in sending the Director any fee, notice or document required by this Act;

    • (d) the cooperative does not have any directors or is in the situation described in subsection 85(6); or

  • (3) Subsection 311(1) of the Act is amended by adding the following after paragraph (d):

    • (e) the Director is notified by the Minister of Public Safety and Emergency Preparedness that the cooperative is a listed entity as defined in subsection 83.01(1) of the Criminal Code.

  • (4) Subsection 311(3) of the Act is replaced by the following:

    • Marginal note:Exception — listed entities

      (2.1) Subsection (2) does not apply if the ground, or one of the grounds, for issuing a certificate of dissolution is the ground set out in paragraph (1)(e).

    • Marginal note:Certificate of dissolution

      (3) Unless cause to the contrary has been shown or an order has been made by a court under section 315, the Director may issue a certificate of dissolution. However, if subsection (2) applies, the certificate is not to be issued until after the end of the 120 days referred to in that subsection.

2009, c. 23Canada Not-for-profit Corporations Act

  • 591 (1) Paragraph 222(1)(a) of the Canada Not-for-profit Corporations Act is replaced by the following:

    • (a) dissolve a corporation by issuing a certificate of dissolution under this section on the grounds that

      • (i) the corporation has not commenced its activities within the prescribed period after the date shown in its certificate of incorporation,

      • (ii) the corporation has not carried on its activities for the prescribed period,

      • (iii) the corporation is in default for a prescribed period in sending to the Director any fee, notice or other document required by this Act,

      • (iv) the corporation does not have any directors or is in the situation described in subsection 130(4), or

      • (v) the Director is notified by the Minister of Public Safety and Emergency Preparedness that the corporation is a listed entity as defined in subsection 83.01(1) of the Criminal Code; or

  • (2) Subsection 222(3) of the Act is replaced by the following:

    • Marginal note:Exception — listed entities

      (2.1) Subsection (2) does not apply if the ground, or one of the grounds, for issuing a certificate of dissolution is the ground set out in subparagraph (1)(a)(v).

    • Marginal note:Certificate of dissolution

      (3) Unless cause to the contrary has been shown or an order has been made by a court under section 258, the Director may issue a certificate of dissolution. However, if subsection (2) applies, the certificate is not to be issued until after the end of the prescribed period.

DIVISION 402025, c. 2, s. 4Building Canada Act

592 Paragraph 5.1(2)(b) of the Building Canada Act is replaced by the following:

  • (b) the extent to which the project is expected to meet the outcomes set out in paragraphs 5(6)(a) to (e);

DIVISION 412019, c. 28, s. 10Canadian Energy Regulator Act

593 The Canadian Energy Regulator Act is amended by adding the following after section 346:

Marginal note:Maximum validity — liquefied natural gas

  • 346.1 (1) The period of validity of a licence for the exportation of liquefied natural gas begins on a date to be fixed in the licence and must not exceed 50 years.

  • Marginal note:Definitions

    (2) The following definitions apply in this section and section 353.

    liquefied natural gas

    liquefied natural gas means natural gas that is in a liquid state. (gaz naturel liquéfié)

    natural gas

    natural gas means a mixture of gas that is composed of at least 85% methane and that may also contain other hydrocarbons that, at a temperature of 15°C and an absolute pressure of 101.325 kPa, are in a gaseous state, as well as minor amounts of non-hydrocarbon gas and impurities. (gaz naturel)

  • 594 (1) Paragraph 353(1)(a) of the Act is replaced by the following:

    • (a) respecting the quantities that may be exported under licences, the period of validity of licences — other than licences for the exportation of liquefied natural gas — and any other conditions to which licences may be subject;

  • (2) Paragraph 353(2)(a) of the Act is replaced by the following:

    • (a) 40 years, in the case of a licence for the exportation of natural gas; and

DIVISION 421999, c. 33Canadian Environmental Protection Act, 1999

595 Subsection 9(7) of the Canadian Environmental Protection Act, 1999 is replaced by the following:

  • Marginal note:Termination

    (7) An agreement made under subsection (5) may be terminated by either party giving the other at least three months notice.

  • 596 (1) Paragraph 10(3)(a) of the Act is replaced by the following:

    • (a) provisions that are equivalent in effect to a regulation made under a provision referred to in subsection (1) or (2), and

  • (2) Subsection 10(8) of the Act is replaced by the following:

    • Marginal note:Termination

      (8) An agreement made under subsection (3) may be terminated by either party giving the other at least three months notice.

DIVISION 43R.S., c. C-34; R.S., c. 19 (2nd Supp.), s. 19Competition Act

  • 597 (1) Paragraph 74.01(1)(b.2) of the Competition Act is replaced by the following:

    • (b.2) makes a representation to the public with respect to the benefits of a business or business activity for protecting or restoring the environment or mitigating the environmental and ecological causes or effects of climate change that is not based on adequate and proper substantiation, the proof of which lies on the person making the representation; or

  • (2) Section 74.01 of the Act is amended by adding the following after subsection (1):

    • Marginal note:Non-application of paragraph (1)(b.2)

      (1.01) Paragraph (1)(b.2) does not apply for the purposes of an application made under this Part by a person granted leave under section 103.1.

598 Section 103.1 of the Act is amended by adding the following after subsection (6.1):

  • Marginal note:Refusing leave — section 74.1

    (6.2) However, the Tribunal is not to consider an application for leave in respect of an application under section 74.1 that is made on the basis of paragraph 74.01(1)(b.2).

DIVISION 44National School Food Program Act

Marginal note:Enactment of Act

599 The National School Food Program Act is enacted as follows:

An Act respecting the National School Food Program

Preamble

Whereas the Government of Canada recognizes the beneficial effects of school food programs on the well-being of children, youth and families, on the economic participation and prosperity of children, youth and families and on Canada’s economy and social infrastructure;

Whereas the Government of Canada, through the National School Food Program, collaborates with and provides funding to the provinces, the territories and Indigenous governing bodies to enhance and expand school food programs, which aim to provide nutritious food to children and youth across Canada;

Whereas the National School Food Policy sets out the Government of Canada’s long-term vision for the Program, which is that all children and youth in Canada have access to nutritious food at school that supports their development and enables them to reach their full potential, and the principles and objectives that guide the Government of Canada in achieving that vision;

Whereas the Government of Canada recognizes the role of the provinces, the territories and Indigenous governing bodies in delivering school food programs and is committed to cooperating, collaborating and maintaining partnerships with them in order to support them in delivering the programs;

Whereas the Government of Canada is committed to supporting the ongoing implementation and maintenance of the Program, which aims to contribute to meeting the Sustainable Development Goals of the United Nations and Canada’s international human rights obligations, including those under the Convention on the Rights of the Child;

Whereas the Government of Canada recognizes the Truth and Reconciliation Commission of Canada’s Calls to Action and strongly supports and continues to engage with Indigenous peoples;

And whereas the Government of Canada recognizes the importance of engaging with Canadians to assist it in its efforts to support the delivery of school food programs that prioritize the provision of food that is sourced locally, when possible, and reflect local and regional contexts;

Now, therefore, His Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

Alternative Title

Marginal note:Alternative title

1 This Act may be cited as the National School Food Program Act.

Definitions

Marginal note:Definitions

2 The following definitions apply in this Act.

Indigenous governing body

Indigenous governing body means a council, government or other entity that is authorized to act on behalf of an Indigenous group, Indigenous community or Indigenous people that holds rights recognized and affirmed by section 35 of the Constitution Act, 1982. (corps dirigeant autochtone)

Indigenous peoples

Indigenous peoples has the meaning assigned by the definition aboriginal peoples of Canada in subsection 35(2) of the Constitution Act, 1982. (peuples autochtones)

Minister

Minister means the member or members of the King’s Privy Council for Canada designated under section 3. (ministre)

Program

Program means the National School Food Program. (Programme)

Designation of Minister

Marginal note:Order designating Minister

3 The Governor in Council may, by order, designate one or more members of the King’s Privy Council for Canada to be the Minister or Ministers for the purposes of this Act.

Purpose and Declaration

Marginal note:Purpose

4 The purpose of this Act is to set out

  • (a) the Government of Canada’s long-term vision for the Program;

  • (b) the Government of Canada’s commitment to maintaining long-term funding for the ongoing implementation and maintenance of the Program; and

  • (c) the principles that guide the Government of Canada’s ongoing investments in the Program.

Marginal note:Declaration

5 It is declared that

  • (a) the Government of Canada’s vision is that all children and youth in Canada have access to nutritious food at school, in an inclusive and non-stigmatizing setting that fosters healthy practices, through school food programs that strengthen connections with local food systems, the environment and culture;

  • (b) the Government of Canada’s goal is to maintain the Program in a way that respects the following principles:

    • (i) accessibility,

    • (ii) health promotion,

    • (iii) inclusivity,

    • (iv) flexibility,

    • (v) sustainability, and

    • (vi) accountability;

  • (c) school food programs contribute to improved health outcomes for children and youth, reduced costs for Canadians and a strong Canadian economy;

  • (d) it is important for the Government of Canada to cooperate, collaborate and work in partnership with the provinces, the territories and Indigenous governing bodies in the delivery of school food programs; and

  • (e) First Nations, Inuit and Métis children, youth and families are best supported by school food programs that are culturally appropriate and designed and delivered by their communities.

Funding

Marginal note:Guiding principles

  • 6 (1) Federal investments respecting the ongoing implementation and maintenance of the Program — as well as the efforts to enter into related agreements with provinces, territories and Indigenous governing bodies — must be guided by the principles set out in paragraph 5(b).

  • Marginal note:Commitments — Official Languages Act

    (2) Federal investments that are subject to an agreement entered into with a province or territory respecting the Program must be guided by the principles set out in paragraph 5(b) and by the commitments set out in the Official Languages Act.

Marginal note:Funding commitment

  • 7 (1) The Government of Canada commits to maintaining long-term funding for the Program.

  • Marginal note:Funding agreements

    (2) The funding must be provided through agreements with the provinces, the territories or Indigenous governing bodies.

Annual Report

Marginal note:Report

  • 8 (1) At the end of the first complete fiscal year after the day on which this section comes into force and at the end of each subsequent fiscal year, the Minister must prepare a report that contains

    • (a) a summary of the information in the Minister’s possession and within the Minister’s authority to disclose relating to the federal investments made in respect of the Program during the previous fiscal year; and

    • (b) a summary of the progress that has been made in respect of the Program, including with respect to the principles set out in paragraph 5(b).

  • Marginal note:Tabling

    (2) The Minister must cause the report to be tabled in each House of Parliament on any of the first 15 days on which that House is sitting after the day on which the report is completed.

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