Fall Economic Statement Implementation Act, 2022
S.C. 2022, c. 19
Assented to 2022-12-15
An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 3, 2022 and certain provisions of the budget tabled in Parliament on April 7, 2022
His Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
Short Title
Marginal note:Short title
1 This Act may be cited as the Fall Economic Statement Implementation Act, 2022.
PART 1Amendments to the Income Tax Act and Other Legislation
R.S., c. 1 (5th Supp.)Income Tax Act
2 [Amendments]
3 [Amendments]
4 [Amendments]
5 [Amendments]
6 [Amendments]
7 [Amendments]
8 [Amendments]
9 [Amendments]
10 [Amendments]
11 [Amendments]
12 [Amendments]
13 [Amendments]
14 [Amendments]
15 [Amendments]
16 [Amendments]
17 [Amendments]
18 [Amendments]
19 [Amendments]
20 [Amendments]
21 [Amendments]
22 [Amendments]
23 [Amendments]
24 [Amendments]
25 [Amendments]
26 [Amendments]
27 [Amendments]
28 [Amendments]
29 [Amendments]
30 [Amendments]
31 [Amendments]
32 [Amendments]
33 [Amendments]
34 [Amendments]
35 [Amendments]
36 [Amendments]
37 [Amendments]
38 [Amendments]
39 [Amendments]
40 [Amendments]
41 [Amendments]
42 [Amendments]
43 [Amendments]
44 [Amendments]
45 [Amendments]
46 [Amendments]
47 [Amendments]
48 [Amendments]
49 [Amendments]
50 [Amendments]
51 [Amendments]
52 [Amendments]
53 [Amendments]
54 [Amendments]
55 [Amendments]
56 [Amendments]
57 [Amendments]
58 [Amendments]
R.S., c. C-3Canada Deposit Insurance Corporation Act
59 [Amendments]
R.S., c. E-15Excise Tax Act
60 [Amendments]
61 [Amendments]
62 [Amendments]
63 [Amendments]
64 [Amendments]
2002, c. 9, s. 5Air Travellers Security Charge Act
65 [Amendments]
2002, c. 22Excise Act, 2001
66 [Amendments]
67 [Amendments]
2018, c. 12, s. 186Greenhouse Gas Pollution Pricing Act
68 [Amendments]
69 [Amendments]
C.R.C., c. 945Income Tax Regulations
70 [Amendments]
71 [Amendments]
72 [Amendments]
73 [Amendments]
74 [Amendments]
75 [Amendments]
76 [Amendments]
77 [Amendments]
78 [Amendments]
79 [Amendments]
80 [Amendments]
81 [Amendments]
82 [Amendments]
83 [Amendments]
84 [Amendments]
85 [Amendments]
86 [Amendments]
87 [Amendments]
88 [Amendments]
89 [Amendments]
90 [Amendments]
91 [Amendments]
92 [Amendments]
PART 2Amendments to the Excise Act, 2001 and Other Related Texts
2002, c. 22Excise Act, 2001
93 [Amendments]
94 [Amendments]
95 [Amendments]
96 [Amendments]
97 [Amendments]
98 [Amendments]
99 [Amendments]
100 [Amendments]
101 [Amendments]
2022, c. 10Budget Implementation Act, 2022, No. 1
102 [Amendments]
SOR/86-991Storage of Goods Regulations
103 [Amendments]
SOR/2003-115Regulations Respecting Excise Licences and Registrations
104 [Amendments]
105 [Amendments]
106 [Amendments]
107 [Amendments]
108 [Amendments]
SOR/2003-288; 2018, c. 12, s. 108; 2022, c. 10, s. 116Stamping and Marking of Tobacco, Cannabis and Vaping Products Regulations
109 [Amendments]
110 [Amendments]
111 [Amendments]
SOR/2019-78Excise Duties on Cannabis Regulations
112 [Amendments]
PART 3Amendments to the Underused Housing Tax Act and Making of Related Regulations
2022, c. 5, s. 10Underused Housing Tax Act
113 [Amendments]
114 [Amendments]
115 [Amendments]
Underused Housing Tax Regulations
Making of Regulations
116 [Amendments]
Coming into Force
Marginal note:December 31, 2022
117 (1) Section 1, subsection 2(1) and section 3 of the Underused Housing Tax Regulations, as made by section 116, come into force or are deemed to have come into force on December 31, 2022.
Marginal note:2022 and subsequent calendar years
(2) Subsections 2(2) and (3) of the Underused Housing Tax Regulations, as made by section 116, apply to the 2022 and subsequent calendar years.
Marginal note:Authority and Statutory Instruments Act
(3) The Underused Housing Tax Regulations, as made by section 116, are deemed
(a) to have been made under section 84 of the Underused Housing Tax Act;
(b) for the purposes of subsection 5(1) of the Statutory Instruments Act, to have been transmitted to the Clerk of the Privy Council for registration; and
(c) to have met the publication requirements of subsection 11(1) of the Statutory Instruments Act.
PART 4Various Measures
DIVISION 1Canada Growth Fund
Marginal note:Acquisition of shares
118 (1) The Minister of Finance may acquire and hold on behalf of His Majesty in right of Canada non-voting shares of a corporation that is incorporated as a wholly-owned subsidiary of the Canada Development Investment Corporation and that is responsible for administering the Canada Growth Fund.
Marginal note:Consolidated Revenue Fund
(2) On the requisition of the Minister of Finance, there may be paid out of the Consolidated Revenue Fund amounts not exceeding $2,000,000,000 in the aggregate, or any greater amount that is specified in an appropriation Act, for the acquisition of shares under subsection (1).
Marginal note:For greater certainty
119 For greater certainty, the Minister of Finance may, on behalf of His Majesty in right of Canada, enter into contracts with the subsidiary referred to in section 118.
DIVISION 2R.S., c. B-7; R.S., c. 24 (1st Supp.), s. 3Bretton Woods and Related Agreements Act
120 [Amendments]
DIVISION 3Framework Agreement on First Nation Land Management Act
SUBDIVISION AEnactment of Act
121 [Amendments]
SUBDIVISION BTransitional Provisions, Consequential Amendments and Repeal
Transitional Provisions
Marginal note:Definition of former Act
122 (1) In this section and sections 123 and 124, former Act means the First Nations Land Management Act, chapter 24 of the Statutes of Canada, 1999.
Marginal note:Other definitions
(2) In sections 123 and 124, First Nation law, Framework Agreement, individual agreement, interest, land code, licence and right have the same meaning as in subsection 2(1) of the former Act, as it read immediately before the day on which section 143 of this Act comes into force.
Marginal note:Documents and decisions previously made
123 Nothing in this Act affects
(a) any land codes, individual agreements, First Nation laws or documents, including licences and other authorizations, contracts and other instruments or acts, that were issued, granted, entered into or made in accordance with the former Act or the Framework Agreement and that are in force on the day on which this Act comes into force;
(b) any actions taken or decisions made, before the day on which this Act comes into force, in accordance with the former Act or the Framework Agreement, including the registration of an interest or right in the First Nation Land Register, as established under section 25 of the former Act and the establishment of priorities or, in Quebec, rankings among interests or rights that have been registered.
Marginal note:Reference to former Act
124 Unless the context otherwise requires, any reference to the former Act, or any provision of that Act, in any land codes, individual agreements, First Nation laws or documents referred to in paragraph 123(a) is to be read as a reference to the Framework Agreement on First Nation Land Management Act or the Framework Agreement, or any relevant provision of that Act or Agreement, as the case may be.
Consequential Amendments
R.S., c. I-7Indian Oil and Gas Act
125 [Amendments]
126 [Amendments]
2004, c. 17Westbank First Nation Self-Government Act
127 [Amendments]
2005, c. 48First Nations Oil and Gas and Moneys Management Act
128 [Amendments]
129 [Amendments]
130 [Amendments]
2006, c. 10First Nations Jurisdiction over Education in British Columbia Act
131 [Amendments]
2008, c. 32Tsawwassen First Nation Final Agreement Act
132 [Amendments]
133 [Amendments]
134 [Amendments]
2013, c. 20Family Homes on Reserves and Matrimonial Interests or Rights Act
135 [Amendments]
136 [Amendments]
137 [Amendments]
138 [Amendments]
139 [Amendments]
140 [Amendments]
2014, c. 11Tla’amin Final Agreement Act
141 [Amendments]
142 [Amendments]
Repeal
Marginal note:Repeal
143 The First Nations Land Management Act, chapter 24 of the Statutes of Canada, 1999, is repealed.
DIVISION 4R.S., c. G-5Government Employees Compensation Act
144 [Amendments]
DIVISION 5Student Loans and Apprentice Loans
R.S., c. S-23Canada Student Loans Act
145 [Amendments]
146 [Amendments]
147 [Amendments]
148 [Amendments]
149 [Amendments]
150 [Amendments]
151 [Amendments]
152 [Amendments]
153 [Amendments]
154 [Amendments]
1994, c. 28Canada Student Financial Assistance Act
155 [Amendments]
156 [Amendments]
157 [Amendments]
158 [Amendments]
159 [Amendments]
160 [Amendments]
161 [Amendments]
162 [Amendments]
2014, c. 20, s. 483Apprentice Loans Act
163 [Amendments]
164 [Amendments]
165 [Amendments]
166 [Amendments]
Transitional Provisions
Marginal note:Definitions
- The following provision is not in force.
167 (1) The following definitions apply in this section.
- apprentice loan
apprentice loan has the same meaning as in subsection 1(1) of the Apprentice Loans Regulations. (prêt aux apprentis)
- borrower
borrower has the same meaning as in subsection 1(1) of the Apprentice Loans Regulations. (emprunteur)
- transition period
transition period means the period beginning on April 1, 2023 and ending on the day on which a regulation amending or repealing section 4 of the Apprentice Loans Regulations comes into force. (période de transition)
- The following provision is not in force.
Marginal note:Repayment of principal and interest
(2) During the transition period, a borrower must begin to repay the principal amount of an apprentice loan made to them, and any interest, on the last day of the month in which interest would have started accruing under the Apprentice Loans Regulations but for subsection 8(1) of the Apprentice Loans Act, as enacted by section 164.
Coming into Force
Marginal note:April 1, 2023
168 (1) Subject to subsections (2) and (3), this Division comes into force or is deemed to have come into force on April 1, 2023.
Marginal note:Order in council
Footnote *(2) Sections 146, 147, 150 to 152, 157 and 158, subsections 159(2) and (3) and sections 160 and 166 come into force on a day to be fixed by order of the Governor in Council, but that day must be after March 31, 2023.
Return to footnote *[Note: Sections 146, 147, 150 to 152, 157 and 158, subsections 159(2) and (3) and sections 160 and 166 not in force.]
Marginal note:April 1, 2021
(3) Section 165 is deemed to have come into force on April 1, 2021.
- Date modified: