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Annex 3
Legislative Measures
This annex includes a number of 2023 Fall Economic Statement measures (other than tax-related measures) that would be implemented through legislation.
| Subject of the Measure | Proposed Legislative Action |
|---|---|
| Establishing the Department of Housing, Infrastructure and Communities | In FES 2023, the government proposes to introduce legislation that would establish the Department of Housing, Infrastructure and Communities (currently Infrastructure Canada) and clarify the department’s powers, duties, and functions. |
| Strengthening Competition to Help Stabilize Prices in Canada | In FES 2023, the government proposes to amend the Competition Act and the Competition Tribunal Act to modernize Canada’s competition framework, including reforming merger review, strengthening the enforcement framework, and enhancing the focus on consumers, workers, and the environment. |
| Technical Amendments to the Federal-Provincial Fiscal Arrangements Act - Publication of Information on Payments | In FES 2023, the government proposes to amend the Federal-Provincial Fiscal Arrangements Act to clarify the disclosure of information related to certain payments authorized under the Act. |
| Public Sector Pension Plan Governance | In FES 2023, the government proposes to amend the Public Sector Pension Investment Board Act to increase the size of the board of directors of the Public Sector Pension Investment Board. |
| Strengthening AML/ATF | In FES 2023, the government proposes to amend the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and the Criminal Code, with consequential amendments to other statutes, to strengthen Canada’s anti-money laundering and anti-terrorist financing framework, and to enhance Canada’s ability to detect and address sanctions evasion. |
| Modernizing Financial Sector Statutes to Address Emerging Risks and Challenges | In FES 2023, the government proposes to make technical amendments to the Bank Act, the Insurance Companies Act, and the Trust and Loan Companies Act to adjust the scope of permitted non-financial activities by financial institutions. |
| Canadian Payments Act | In FES 2023, the government proposes to amend the Canadian Payments Act to expand the eligibility for membership in the Canadian Payments Association, to clarify the composition of the Stakeholder Advisory Council and to provide for a statutory review within four years. |
| Protecting Public Interest in Cases of Public Post-Secondary Educational Institutions Insolvency | In FES 2023, the government proposes to amend the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act to exclude public post-secondary educational institutions from becoming the subject of proceedings under either act. |
| Corporate Governance: Virtual-Only Meetings | In FES 2023, the government proposes to amend the Bank Act, the Insurance Companies Act, and the Trust and Loan Companies Act to permit virtual-only meetings and allow for the introduction of conditions ensuring participation. |
| Canada Water Agency |
In FES 2023, the government proposes to introduce the Canada Water Agency Act to establish the stand-alone Canada Water Agency, which will contribute to sustainable and coordinated freshwater management across Canada. |
| Developing a Tobacco Cost Recovery Framework | In FES 2023, the government proposes to amend the Tobacco and Vaping Products Act to enable the fixing of fees, levies or charges, and related compliance and enforcement tools to implement a tobacco cost recovery framework. |
| Pregnancy Loss | In FES 2023, the government proposes to amend the Canada Labour Code and An Act to amend the Criminal Code and the Canada Labour Code to create a new paid leave for workers in federally-regulated sectors who experience a pregnancy loss. |
| A New Employment Insurance Adoption Benefit | In FES 2023, the government proposes to amend the Employment Insurance Act and the Canada Labour Code to introduce a 15-week shareable Employment Insurance benefit for adoptive parents and introduce corresponding unpaid leave for workers in federally-regulated sectors. |
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