An Act to implement certain provisions of the economic and fiscal update tabled in Parliament on December 14, 2021 and other measures
An Act to implement certain provisions of the economic and fiscal update tabled in Parliament on December 14, 2021 and other measures. Royal assent June 9, 2022 (S.C. 2022, c. 5). Implements the December 14, 2021 Economic and Fiscal Update. Key provisions: the COVID-19 Test Procurement Authority (federal funding to procure rapid tests for provinces during the Omicron wave), the new Underused Housing Tax (1% annual federal tax on vacant or underused non-Canadian-owned residential property), targeted relief for businesses required to close under provincial public-health orders, and Air Travellers Security Charge updates. Sponsored by Chrystia Freeland as Minister of Finance.
Status
Quick learn
Made the December 2021 federal economic update into law. Included school-ventilation grants, extended COVID supports for hard-hit sectors, and small business benefit adjustments. Granted royal assent.
Issues this bill touches
- Tax & Fiscal Policy
BIA: implements December 2021 economic and fiscal update.
Legislative history
- First reading
First reading in the House of Commons.
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Second reading in the House of Commons.
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Third reading in the House of Commons.
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First reading in the Senate.
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Second reading in the Senate.
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Third reading in the Senate.
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Royal assent received.
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Sponsored by
Chrystia FreelandLIBERALOfficial source
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