FINA Committee Report
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| In accordance with its Order of Reference of Wednesday, December 10, 2025, your committee has considered Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025, and agreed on Monday, February 23, 2026, to report it with the following amendments: Clause 45 That Bill C-15, in Clause 45, be amended by adding after line 4 on page 70 the following: “(5) Every employer who pays an amount described in paragraph (a) of the definition yearly eligible remuneration in subsection (1) to an individual in a taxation year must provide the certification described in paragraph (b) of that definition in respect of the total amount described in paragraph (a) of that definition for that individual for that year.” Clause 47 That Bill C-15, in Clause 47, be amended by replacing line 24 on page 71 with the following: “nickel, niobium, phosphate, a platinum group metal, a rare earth ele‐” Clause 71 That Bill C-15, in Clause 71, be amended by replacing lines 12 and 13 on page 164 with the following: “taxation years that end after December 30, 2024.” Clause 196 That Bill C-15, in Clause 196, be amended by adding after line 30 on page 296 the following: “(3.1) The Corporation must provide for (a) the transmission by post, free of postage, of letters, books, tapes, records and other similar material for the use of the blind; and (b) a reduced rate of postage for library materials lent by a library to a borrower, including by means of an interlibrary loan.” Clause 208 That Bill C-15, in Clause 208, be amended by (a) replacing lines 13 to 14 on page 300 with the following: “Definitions 11 The following definitions apply in this Part. “entity” includes an individual, a corpora-” (b) replacing line 17 on page 300 with the following: “province. (“entité”) “excluded Act” means the Access to Information Act, the Auditor General Act, the Canada Elections Act, the Conflict of Interest Act, the Criminal Code, the Export and Import Permits Act, the Financial Administration Act, the Foreign Influence Transparency and Accountability Act, the Investment Canada Act, the Lobbying Act, the Nuclear Safety and Control Act, the Privacy Act, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act or the Public Servants Disclosure Protection Act. (“loi exclue”)” (c) replacing lines 24 and 25 on page 300 with the following: “(a) a provision of an Act of Parliament, except an excluded Act, if the minister is responsible for the” (d) replacing lines 28 and 29 on page 300 with the following: “Parliament, except an instrument made under an excluded Act, if” (e) replacing lines 1 and 2 on page 301 with the following: “(c) a provision of an Act of Parliament, except an excluded Act, or a provision of an instrument made” (f) replacing line 4 on page 301 with the following: “made under an excluded Act, if the minister admin-” That Bill C-15, in Clause 208, be amended by (a) replacing line 6 on page 301 with the following: “(2) Subject to section 12.1, a minister is not required to consider a request for an” (b) adding after line 34 on page 302 the following: “12.1 The following provisions apply if an order is made under subsection 12(1) that grants an exemption to an entity that is a business or a commercial entity: (a) the exemption granted in the original order must also be granted — by order under that subsection and for the same validity period — to any other entity that is a business or commercial entity that operates in the same sector if the minister or ministers who made the original order are of the opinion that the conditions in paragraph 12(3)(a) are met; and (b) if an order is made under subsection 12(1) with respect to the other entity referred to in paragraph (a), and the original order is subsequently amended or the validity period of the exemption granted by that order is extended by a minister or ministers, the minister or ministers must grant the same amendment or extension, by order under subsection 12(5), to that other entity if the minister or ministers are of the opinion that the conditions in that subsection are met.” That Bill C-15, in Clause 208, be amended by (a) replacing lines 9 to 11 on page 301 with the following: “only if (a) the minister is of the opinion that (i) the exemption is in the public interest, (ii) the exemption would enable the testing of, among” (b) replacing lines 16 and 17 on page 301 with the following: “economic growth in the clean technology or financial technology sector, (iii) the benefits associated with the exemption out-” (c) replacing line 19 on page 301 with the following: “(iv) sufficient resources exist, and appropriate mea-” (d) replacing line 24 on page 301 with the following: “(v) a feasible implementation plan has been devel-” (e) adding after line 25 on page 301 the following: “(b) the minister has engaged in a public consultation process for at least 30 days with stakeholders, including experts and entities in the relevant sector; and (c) the President of the Treasury Board has approved the exemption.” (f) replacing line 29 on page 301 with the following: “ferred to in subparagraph (3)(a)(ii) is completed before the end” (g) replacing line 37 on page 301 with the following: “(a) the conditions set out in subparagraphs (3)(a)(i) and (iii)” (h) replacing line 40 on page 301 with the following: “able the testing referred to in subparagraph (3)(a)(ii) to con-” That Bill C-15, in Clause 208, be amended by replacing line 8 on page 303 with the following: “must, as soon as feasible but no later than 30 days after making an order under” That Bill C-15, in Clause 208, be amended by adding after line 25 on page 303 the following: “14.1 (1) Subject to subsections (2) and (3), a minister must, within 30 days after the day on which they made an order under section 12, publish in the Canada Gazette the order and the information referred to in paragraphs 14(1)(a) and (b). (2) The minister may exclude information that, in the minister’s opinion, would be inappropriate to publish for reasons that include safety or security considerations or the protection of confidential or personal information. (3) If two or more ministers have jointly made an order in accordance with subsection 12(7) or (8), only one of them is required to publish the order and the information referred to in paragraphs 14(1)(a) and (b). 14.2 (1) Subject to subsections (3) and (4), a minister must, within 90 days after the day on which they made an order under section 12, cause to be tabled a report in each House of Parliament and must, on request, appear before the appropriate committee of Parliament to explain the decision-making process and the reasons for the order. (2) The report must contain the order, the information referred to in paragraph 14(1)(a) and an assessment of any provision of an Act of Parliament, or of an instrument made under an Act of Parliament, that could be amended or repealed to encourage innovation, competitiveness or economic growth in the clean technology or financial technology sector. (3) The minister may exclude information that, in the minister’s opinion, would be inappropriate to include in the report for reasons that include safety or security considerations or the protection of confidential or personal information. (4) If two or more ministers have jointly made an order in accordance with subsection 12(7) or (8), only one of them is required to table the report and appear before the appropriate committee of Parliament.” Clause 224 That Bill C-15, in Clause 224, be amended (a) by adding after line 6 on page 342 the following: “(9) Nothing in this section renders ineffective any federal or provincial legislative or regulatory provision requiring a participating entity that provides data to obtain a consumer’s express consent.” (b) by replacing line 16 on page 342 with the following: “(2) Subsections 85(2) to (9) apply to a renewal of express” Clause 331 That Bill C-15, in Clause 331, be amended by replacing line 24 on page 419 with the following: “first $250.” Clause 381 That Bill C-15, in Clause 381, be amended by deleting lines 5 to 14 on page 445. Clause 389 That Bill C-15, in Clause 389, be amended by replacing line 14 on page 454 with the following: “10.5 The Governor in Council may, after consulting with the Office of the Privacy Commissioner, make regulations re‐” Clause 422 That Bill C-15, in Clause 422, be amended by replacing lines 1 to 18 on page 475 with the following: “(b) is warranted by reason of exigent circumstances related to the health, safety or security of the public. (2) An exemption ceases to have effect on the earliest of the following days: (a) the day that is specified by the Minister in the exemption; (b) the day on which the Minister revokes the exemption; or (c) the day that is one year after the day on which the exemption takes effect. (3) Within 30 days of exercising the power to exempt under subsection (1), the Minister must cause a report of the exercise, including the Minister’s reasons for granting the exemption, to be referred for review to the standing committee of each House of Parliament that normally considers matters related to national security.” |
| Your Committee has ordered a reprint of Bill C-15, as amended, as a working copy for the use of the House of Commons at the report stage. |
| A copy of the relevant Minutes of Proceedings (Meetings Nos. 19, 20, 22 to 27) is tabled. |
