Bill C-14: An Act to implement certain provisions of the economic statement tabled in Parliament on November 30, 2020 and other measures

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First Reading Third Reading Royal Assent LEGISinfo Bilingual view XML PDF Skip to Document Navigation Skip to Document Content ENGLISHRECOMMENDATIONRECOMMENDATIONSUMMARYSUMMARYTABLE OF PROVISIONSTABLE OF PROVISIONS1 Short Title1 Short Title2 PART 1 Income Tax Act2 PART 1 Income Tax Act2 Amendments to the Act2 Amendments to the Act5 Related Amendment to the Children’s Special Allowances Act5 Related Amendment to the Children’s Special Allowances Act6 PART 2 Canada Student Loans Act6 PART 2 Canada Student Loans Act7 PART 3 Canada Student Financial Assistance Act7 PART 3 Canada Student Financial Assistance Act8 PART 4 Apprentice Loans Act8 PART 4 Apprentice Loans Act9 PART 5 Food and Drugs Act9 PART 5 Food and Drugs Act9 Amendments to the Act9 Amendments to the Act11 Coming into Force11 Coming into Force12 PART 6 Payments12 PART 6 Payments15 PART 7 Borrowing Authority Act15 PART 7 Borrowing Authority Act15 Amendments to the Act15 Amendments to the Act19 Related Amendment to the Financial Administration Act19 Related Amendment to the Financial Administration ActSCHEDULESCHEDULE Second Session, Forty-third Parliament, 69-70 Elizabeth II, 2020-2021 STATUTES OF CANADA 2021 CHAPTER 7 An Act to implement certain provisions of the economic statement tabled in Parliament on November 30, 2020 and other measures ASSENTED TO May 6, 2021 BILL C-14 RECOMMENDATION Her Excellency the Governor General recommends to the House of Commons the appropriation of public revenue under the circumstances, in the manner and for the purposes set out in a measure entitled “An Act to implement certain provisions of the economic statement tabled in Parliament on November 30, 2020 and other measures”. SUMMARY Part 1 amends the Income Tax Act to provide additional support to families with young children as the coronavirus disease 2019 (COVID-19) pandemic progresses. It also amends the Children’s Special Allowances Act to provide a similar benefit in respect of young children under that Act. As part of the Government’s response to COVID-19, it amends the Income Tax Act to provide that an expense can qualify as a qualifying rent expense for the purposes of the Canada Emergency Rent Subsidy (CERS) when it becomes due rather than when it is paid, provided certain conditions are met. Part 2 amends the Canada Student Loans Act to provide that, during the period that begins on April 1, 2021 and ends on March 31, 2022, no interest is payable by a borrower on a guaranteed student loan and no amount on account of interest is required to be paid by the borrower. Part 3 amends the Canada Student Financial Assistance Act to provide that, during the period that begins on April 1, 2021 and ends on March 31, 2022, no interest is payable by a borrower on a student loan and no amount on account of interest is required to be paid by the borrower. Part 4 amends the Apprentice Loans Act to provide that, during the period that begins on April 1, 2021 and ends on March 31, 2022, no interest is payable by a borrower on an apprentice loan and no amount on account of interest is required to be paid by a borrower. Part 5 amends the Food and Drugs Act to authorize the Governor in Council to make regulations (a) requiring persons to provide information to the Minister of Health; and (b) preventing shortages of therapeutic products in Canada or alleviating those shortages or their effects, in order to protect human health. It also amends that Act to provide that any prescribed provisions of regulations made under that Act apply to food, drugs, cosmetics and devices intended for export that would otherwise be exempt from the application of that Act. Part 6 authorizes payments to be made out of the Consolidated Revenue Fund (a) to the Government of Canada’s regional development agencies for the Regional Relief and Recovery Fund; (b) in respect of specified initiatives related to health; and (c) for the purpose of making income support payments under section 4 of the Canada Emergency Response Benefit Act. Part 7 amends the Borrowing Authority Act to, among other things, increase the maximum amount of certain borrowings and include certain borrowings that were previously excluded in the calculation of that amount. It also makes a related amendment to the Financial Administration Act. Available on the House of Commons website at the following address: www.ourcommons.ca TABLE OF PROVISIONS An Act to implement certain provisions of the economic statement tabled in Parliament on November 30, 2020 and other measures Short Title 1  Economic Statement Implementation Act, 2020 PART 1  Income Tax Act 2  PART 2  Canada Student Loans Act 6  PART 3  Canada Student Financial Assistance Act 7  PART 4  Apprentice Loans Act 8  PART 5  Food and Drugs Act 9  PART 6  Payments 12  PART 7  Borrowing Authority Act 15  SCHEDULE  69-70 Elizabeth II CHAPTER 7 An Act to implement certain provisions of the economic statement tabled in Parliament on November 30, 2020 and other measures [Assented to 6th May, 2021] Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: Short Title Short title 1 This Act may be cited as the Economic Statement Implementation Act, 2020. PART 1  R.‍S.‍, c. 1 (5th Supp.‍) Income Tax Act Amendments to the Act 2 Section 122.‍61 of the Income Tax Act is amended by adding the following after subsection (1.‍1): Deemed overpayment — COVID-19 (1.‍2) If the Minister determines before 2024 that an overpayment (for greater certainty, in an amount greater than nil) on account of a person’s liability under this Part for a taxation year is deemed to have arisen during a month under subsection (1), or would be so deemed if this section were read without reference to subsection (2), then an overpayment on account of the person’s liability under this Part for the year is deemed to have arisen during the month, equal to the total of all amounts each of which is an amount in respect of a qualified dependant — in respect of whom the person was an eligible individual at the beginning of the month who has not reached the age of six years at the beginning of the month — determined by the formula A × B where A is (a) 0.‍5, if the person is a shared-custody parent in respect of the qualified dependant, and (b) 1, in any other case; and B is (a) if the month is January 2021 or April 2021, (i) $300, if the person’s adjusted income for 2019 is less than or equal to $120,000, and (ii) $150 in any other case, (b) if the month is July 2021 or October 2021, (i) $300, if the person’s adjusted income for 2020 is less than or equal to $120,000, and (ii) $150 in any other case, and (c) in any other case, nil. 3 (1) Paragraph 122.‍62(5)‍(b) of the Act is replaced by the following: (b) subject to subsection (8), for the purpose of determining the amount deemed under subsection 122.‍61(1) or (1.‍2) to be an overpayment arising in that first month and any subsequent month on account of the eligible individual’s liability under this Part for the base taxation year in relation to that first month, the eligible individual’s adjusted income for the year is deemed to be equal to the eligible individual’s income for the year. (2) Paragraph 122.‍62(6)‍(b) of the Act is replaced by the following: (b) subject to subsection (8), for the purpose of determining the amount deemed under subsection 122.‍61(1) or (1.‍2) to be an overpayment arising in that first month and any subsequent month on account of the eligible individual’s liability under this Part for the base taxation year in relation to that first month, the eligible individual’s adjusted income for the year is deemed to be equal to the eligible individual’s income for the year. (3) Paragraph 122.‍62(7)‍(b) of the Act is replaced by the following: (b) subject to subsection (8), for the purpose of determining the amount deemed under subsection 122.‍61(1) or (1.‍2) to be an overpayment arising in that first month and any subsequent month on account of the eligible individual’s liability under this Part for the base taxation year in relation to that first month, the taxpayer is deemed to have been the eligible individual’s cohabiting spouse or common-law partner at the end of the base taxation year in relation to that month. 4 (1) Section 125.‍7 of the Act is amended by adding the following after subsection (11): Deeming rule — qualifying rent expense (12) For the purposes of the definition qualifying rent expense in subsection (1), an amount is deemed to have been paid by an eligible entity on the date it first became due under an agreement, and not at a later date, if the individual referred to in paragraph (b) of the definition qualifying renter in subsection (1) attests that the eligible entity intends to pay the amount due under the agreement no later than 60 days after the day on which the Minister makes the first refund under subsection 164(1.‍6) in respect of the amount deemed to have been paid (referred to in subsection (13) as the “payment deadline”). Deeming rule — qualifying rent expense (13) Subsection (12) is deemed not to have produced its effect if the amount due referred to in subsection (12) is not actually paid on or before the payment deadline. (2) Subsection (1) is deemed to have come into force on September 27, 2020. 1992, c. 48, Sch. Related Amendment to the Children’s Special Allowances Act 5 Section 8 of the Children’s Special Allowances Act is amended by adding the following after subsection (1): Calculation of amount — COVID-19 (1.‍1) The amount of special allowance to be paid in respect of a child for a month, in addition to the amount determined under subsection (1), is $300, if (a) the child has not reached the age of six years at the beginning of the month; and (b) the month is (i) January 2021, (ii) April 2021, (iii) July 2021, or (iv) October 2021. PART 2  R.‍S.‍, c. S-23 Canada Student Loans Act 6 The Canada Student Loans Act is amended by adding the following after section 11.‍2: Period — April 1, 2021 to March 31, 2022 Suspension of interest and interest payments 11.‍3 During the period that begins on April 1, 2021 and ends on March 31, 2022, (a) no interest is payable by a borrower on a guaranteed student loan; and (b) no amount on account of interest in respect of a guaranteed student loan is required to be paid by the borrower. PART 3  1994, c. 28 Canada Student Financial Assistance Act 7 The Canada Student Financial Assistance Act is amended by adding the following after section 9.‍3: Period — April 1, 2021 to March 31, 2022 Suspension of interest and interest payments 9.‍4 During the period that begins on April 1, 2021 and ends on March 31, 2022, (a) no interest is payable by a borrower on a student loan prescribed by regulations made under paragraph 15(1)‍(j); and (b) no amount on account of interest in respect of a student loan prescribed by regulations made under paragraph 15(1)‍(j) is required to be paid by the borrower. PART 4  2014, c. 20, s. 483 Apprentice Loans Act 8 The Apprentice Loans Act is amended by adding the following after section 8.‍1: Period — April 1, 2021 to March 31, 2022 Suspension of interest and interest payments 8.‍2 During the period that begins on April 1, 2021 and ends on March 31, 2022, (a) no interest is payable by a borrower on an apprentice loan; and (b) no amount on account of interest in respect of an apprentice loan is required to be paid by a borrower. PART 5  R.‍‍S.‍‍, c. F-27 Food and Drugs Act Amendments to the Act 9 (1) Subsection 30(1) of the Food and Drugs Act is amended by adding the following after paragraph (k.‍1): (k.‍2) requiring persons to provide information to the Minister in respect of food, drugs, cosmetics or devices — or in respect of activities related to food, drugs, cosmetics or devices — in circumstances other than those provided for in this Act and authorizing the Minister to determine the information to be provided and the time and manner in which it is to be provided; (2) Section 30 of the Act is amended by adding the following after subsection (1.‍3): Regulations — preventing or alleviating shortages (1.‍4) Without limiting the power conferred by any other subsection of this section, the Governor in Council may make any regulations that the Governor in Council considers necessary for the purpose of preventing shortages of therapeutic products in Canada or alleviating those shortages or their effects, in order to protect human health. 10 Subsection 37(1.‍2) of the Act is replaced by the following: Exception — regulations (1.‍2) Despite subsection (1), any prescribed provision of the regulations applies to any food, drug, cosmetic or device. Coming into Force October 2, 2020 11 Section 9 is deemed to have come into force on October 2, 2020. PART 6  Payments Payment — requisition of Minister of Economic Development and Official Languages 12 (1) There may be paid out of the Consolidated Revenue Fund for the fiscal year ending on March 31, 2021, on the requisition of the Minister of Economic Development and Official Languages, a sum not exceeding $206,700,000 to the regional development agencies for the Regional Relief and Recovery Fund. Definition of regional development agencies (2) For the purpose of subsection (1), regional development agencies means (a) the Department of Western Economic Diversification; (b) the Atlantic Canada Opportunities Agency; (c) the Canadian Northern Economic Development Agency; (d) the Economic Development Agency of Canada for the Regions of Quebec; (e) the Federal Economic Development Agency for Southern Ontario; and (f) the Federal Economic Development Initiative for Northern Ontario. Payments — requisition of Minister of Health 13 (1) Subject to subsection (2), there may be paid out of the Consolidated Revenue Fund for the fiscal year ending on March 31, 2021, on the requisition of the Minister of Health, all money required to do anything in relation to the initiatives specified in the schedule. Limit (2) The total of all payments made under subsection (1), in respect of an initiative specified in column 1 of the schedule, must not exceed the limit specified for that initiative in column 2 of the schedule. Payment — requisition of Minister of Employment and Social Development 14 (1) There may be paid out of the Consolidated Revenue Fund until March 31, 2021, on the requisition of the Minister of Employment and Social Development, a sum not exceeding $500,000,000 for the purpose of making income support payments under section 4 of the Canada Emergency Response Benefit Act. For greater certainty (2) For greater certainty, the payments that may be made out of the Consolidated Revenue Fund under subsection (1) must not include the costs of administering or enforcing the Canada Emergency Response Benefit Act. PART 7  2017, c. 20, s. 103 Borrowing Authority Act Amendments to the Act 15 The portion of section 4 of the Borrowing Authority Act before paragraph (a) is replaced by the following: 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 $1,831,000,000,000: 16 Section 5 of the Act is amended by adding “and” at the end of paragraph (a) and by replacing paragraphs (b) to (d) with the following: (b) amounts borrowed by the Minister under an order made under paragraph 46.‍1(a) of that Act for the payment of any amount in respect of a debt that was originally incurred under an order made under paragraph 46.‍1(c) of that Act. 17 Section 6 of the Act is replaced by the following: Exception — maximum amount exceeded 6 The Minister may borrow an amount under an order made under paragraph 46.‍1(a) or (b) of the Financial Administration Act even if that borrowing causes the maximum amount referred to in section 4 of this Act to be exceeded. 18 Subsection 8(1) of the Act is amended by adding “and” at the end of paragraph (b) and by repealing paragraph (b.‍1). R.‍S.‍, c. F-11 Related Amendment to the Financial Administration Act 19 Subsection 49(1) of the Financial Administration Act is amended by adding “and” at the end of paragraph (a.‍1) and by repealing paragraph (a.‍2). SCHEDULE  (Section 13) Payment Limits Column 1 Column 2 Item Initiatives Limits ($ millions) (cash basis) 1 Mental health and substance use in the context of COVID-19 64.‍4 2 Investments in long-term care 505.‍7 3 Supporting innovative approaches to COVID-19 testing 45 4 Virtual care and mental health tools for Canadians 68.‍6 5 Medical research, countermeasures, vaccine funding and development, border and travel measures and isolation sites 217.‍6 Publication Explorer Publication Explorer ParlVU