Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada

Search

Fall Economic Statement Implementation Act, 2022 (S.C. 2022, c. 19)

Act current to 2024-05-28 and last amended on 2024-01-01. Previous Versions

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

 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

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

R.S., c. C-3Canada Deposit Insurance Corporation Act

 [Amendments]

R.S., c. E-15Excise Tax Act

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

2002, c. 9, s. 5Air Travellers Security Charge Act

 [Amendments]

2002, c. 22Excise Act, 2001

 [Amendments]

 [Amendments]

2018, c. 12, s. 186Greenhouse Gas Pollution Pricing Act

 [Amendments]

 [Amendments]

C.R.C., c. 945Income Tax Regulations

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

PART 2Amendments to the Excise Act, 2001 and Other Related Texts

2002, c. 22Excise Act, 2001

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

2022, c. 10Budget Implementation Act, 2022, No. 1

 [Amendments]

SOR/86-991Storage of Goods Regulations

 [Amendments]

SOR/2003-115Regulations Respecting Excise Licences and Registrations

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

 [Amendments]

SOR/2003-288; 2018, c. 12, s. 108; 2022, c. 10, s. 116Stamping and Marking of Tobacco, Cannabis and Vaping Products Regulations

 [Amendments]

 [Amendments]

 [Amendments]

SOR/2019-78Excise Duties on Cannabis Regulations

 [Amendments]

PART 3Amendments to the Underused Housing Tax Act and Making of Related Regulations

2022, c. 5, s. 10Underused Housing Tax Act

 [Amendments]

 [Amendments]

 [Amendments]

Underused Housing Tax Regulations

Making of Regulations

 [Amendments]

Coming into Force

Marginal note:December 31, 2022

PART 4Various Measures

DIVISION 1Canada Growth Fund

Marginal note:Acquisition of shares

  •  (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 $15,000,000,000 in the aggregate, or any greater amount that is specified in an appropriation Act, for the acquisition of shares under subsection (1).

Marginal note:Not agent of His Majesty

 The subsidiary referred to in section 118 is not an agent of His Majesty in right of Canada.

DIVISION 2R.S., c. B-7; R.S., c. 24 (1st Supp.), s. 3Bretton Woods and Related Agreements Act

 [Amendments]

DIVISION 3Framework Agreement on First Nation Land Management Act

SUBDIVISION AEnactment of Act

 [Amendments]

SUBDIVISION BTransitional Provisions, Consequential Amendments and Repeal

Transitional Provisions

Marginal note:Definition of former Act

  •  (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

 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

 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.

 

Date modified: