Bill C-74: An Act for granting to His Majesty certain sums of money for the federal public administration for the fiscal year ending March 31, 2025

Short title 1 This Act may be cited as the Appropriation Act No. 2, 2024–25 . $117,781,852,267 granted for 2024–25 2 There may be paid out of the Consolidated Revenue Fund a sum not exceeding in the aggregate $117,781,852,267‬ towards defraying the various charges and expenses of the federal public administration for the fiscal year ending March 31, 2025, not otherwise provided for, which is the total of the following amounts: (a) $112,465,015,938, which is the total of the amounts of the items set out in the Proposed Schedule 1 in the Annex to the Main Estimates for the fiscal year ending March 31, 2025 and in Schedule 1 to this Act less the total of the interim appropriations granted on account of those items by Appropriation Act No. 1, 2024–25 ; and (b) $5,316,836,329, which is the total of the amounts of the items set out in the Proposed Schedule 2 in the Annex to those Estimates and in Schedule 2 to this Act less the total of the interim appropriations granted on account of those items by Appropriation Act No. 1, 2024–25 . Purpose of each item 3 (1) The amount authorized by this Act to be paid in respect of an item may be paid only for the purposes, and subject to any terms and conditions, specified in the item. Effective date (2) The provisions of each item set out in Schedules 1 and 2 are deemed to have effect as of April 1, 2024. Adjustments in accounts of Canada — Schedule 1 4 An appropriation that is granted by this Act or any other Act and referred to in Schedule 1 may be charged after the end of the fiscal year for which the appropriation is granted at any time before the day on which the Public Accounts for that fiscal year are tabled in Parliament, for the purpose of making adjustments in the accounts of Canada for that fiscal year that do not require payments out of the Consolidated Revenue Fund. Adjustments in accounts of Canada — Schedule 2 5 (1) An appropriation that is granted by this Act or any other Act and referred to in Schedule 2 may be charged after the end of the fiscal year following the fiscal year for which the appropriation is granted at any time before the day on which the Public Accounts for that second fiscal year are tabled in Parliament, for the purpose of making adjustments in the accounts of Canada for that second fiscal year that do not require payments out of the Consolidated Revenue Fund. Order of payment (2) Despite any other provision of this Act, amounts appropriated by this Act and set out in Schedule 2 may be paid and applied at any time on or before March 31, 2026, so long as every payment is charged first against the relevant amount appropriated under any Act that is earliest in time until that amount is exhausted, next against the relevant amount appropriated under any other Act, including this Act, that is next in time until that amount is exhausted and so on. The balance of amounts so appropriated by this Act that have not been charged, subject to the adjustments referred to in section 37 of the Financial Administration Act , lapse at the end of the fiscal year following the fiscal year ending March 31, 2025.