FINA Committee Report

New Clause 2.1

That Bill C-4 be amended by adding after line 20 on page 2 the following new clause:

“Report

2.1 (1) The Minister of Finance must prepare a report that outlines the impact of reducing the personal income tax rate provided in paragraph 117(2)(a) of the Income Tax Act on all tax credits that are calculated using the appropriate percentage as defined in that Act.

Tabling

(2) The Minister of Finance must cause the report to be tabled in each House of Parliament within 90 days after the day on which this section comes into force or, if the House is not then sitting, on any of the first 15 days of the next sitting of the House.

Publication

(3) The Minister of Finance must publish the report on the website of the Department of Finance within 10 days after the day on which the report is tabled in both Houses of Parliament.”

Clause 3

That Bill C-4, in Clause 3, be amended by replacing line 41 on page 3 with the following:

“force on March 20, 2025.”

Clause 4

That Bill C-4, in Clause 4, be amended

(a) by replacing line 9 on page 4 with the following:

“paragraph (2)(b) is entered into after March 19, 2025 and”

(b) by replacing line 13 on page 5 with the following:

“force on March 20, 2025.”

Clause 5

That Bill C-4, in Clause 5, be amended

(a) by replacing line 23 on page 5 with the following:

“entered into after March 19, 2025 and before 2031,”

(b) by replacing line 26 on page 6 with the following:

“force on March 20, 2025.”

Clause 6

That Bill C-4, in Clause 6, be amended

(a) by replacing line 40 on page 6 with the following:

“paragraph (2)(c) is entered into after March 19, 2025 and”

(b) by replacing line 2 on page 8 with the following:

“force on March 20, 2025.”

Clause 7

That Bill C-4, in Clause 7, be amended

(a) by replacing line 13 on page 8 with the following:

“residential complex begins after March 19, 2025 and be‐”

(b) by replacing line 40 on page 9 with the following:

“come into force on March 20, 2025.”

Clause 8

That Bill C-4, in Clause 8, be amended by replacing line 19 on page 10 with the following:

“come into force on March 20, 2025.”

Clause 9

That Bill C-4, in Clause 9, be amended by replacing line 4 on page 11 with the following:

“come into force on March 20, 2025.”

Clause 10

That Bill C-4, in Clause 10, be amended

(a) by replacing line 13 on page 11 with the following:

“(a) after March 19, 2025 and before the particular time”

(b) by replacing line 23 on page 11 with the following:

“(3) If, after March 19, 2025, a particular individual makes”

(c) by replacing line 28 on page 12 with the following:

“entered into before March 20, 2025 and the agreement of”

(d) by replacing line 30 on page 12 with the following:

“sidered to be entered into after March 19, 2025, the agree‐”

(e) by replacing line 32 on page 12 with the following:

“March 20, 2025.”

(f) by replacing line 35 on page 12 with the following:

“(a) before March 20, 2025, a particular person that is a”

(g) by replacing line 1 on page 13 with the following:

“(b) after March 19, 2025,”

(h) by replacing line 27 on page 13 with the following:

“tered into before March 20, 2025.”

(i) by replacing line 30 on page 13 with the following:

“(a) before March 20, 2025, a particular person that is a”

(j) by replacing line 35 on page 13 with the following:

“(b) after March 19, 2025,”

(k) by replacing line 18 on page 14 with the following:

“tered into before March 20, 2025.”

(l) by replacing line 20 on page 14 with the following:

“force on March 20, 2025.”

Clause 11

That Bill C-4, in Clause 11, be amended by replacing line 24 on page 14 with the following:

“force on March 20, 2025.”

Clause 12

That Bill C-4, in Clause 12, be amended by replacing line 18 on page 16 with the following:

“force on March 20, 2025.”

Clause 13

That Bill C-4, in Clause 13, be amended by replacing line 4 on page 18 with the following:

“force on March 20, 2025.”