Spring Economic Update 2026Annex 2:
Annex 2:
Legislative measures
This annex includes a number of measures (other than tax-related measures) that would be implemented through legislation.
| Subject of the Measure | Proposed Legislative Action |
|---|---|
| Extending Employment Insurance Support for Seasonal Workers | In the Spring Economic Update 2026, the government proposes to amend the Employment Insurance Act to extend the temporary measure that provides up to five additional weeks of Employment Insurance regular benefits to seasonal claimants in 13 regions, until October 2028. Targeted amendments are also proposed to support clarity and consistency of the Employment Insurance Act. |
| Protecting Money Services Businesses (MSBs) from Illicit Activity | In the Spring Economic Update 2026, the government proposes to amend the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its regulations to: introduce new Ministerial Directive powers; expand the Financial Transaction and Reports Analysis Centre of Canada's (FINTRAC's) ability to refuse or revoke registration of MSBs; prevent re-registration of non-compliant MSBs; increase the number of criminal record checks for MSBs; address 'shelf' MSBs; ensure FINTRAC has an accurate understanding of the services provided by MSBs; and make it a criminal offence to operate a cryptocurrency automated teller machine. |
| Timely Resolution of Air Passenger Complaints | In the Spring Economic Update 2026, the government proposes to amend the Canada Transportation Act to transfer responsibilities related to air passenger rights and complaints resolution from the Canadian Transportation Agency to the Minister of Transport, and to enhance transparency of the complaints process and enforcement of passenger rights regulations. |
| Access to Airport Data | In the Spring Economic Update 2026, the government proposes to amend the Canada Transportation Act to provide the Minister of Transport with the ability to require aerodrome operators, and associated third parties, to provide any information necessary for the development and administration of transportation policy. |
| Payments Canada Liability | In the Spring Economic Update 2026, the government proposes to amend the Canadian Payments Act to include a good faith immunity provision for Payments Canada. |
| Bank of Canada's Cost Recovery | In the Spring Economic Update 2026, the government proposes to amend the Bank of Canada Act, with related amendments to the Retail Payment Activities Act, Payment Clearing and Settlement Act, Consumer-Driven Banking Act, and Stablecoin Act to consolidate the Bank of Canada's cost recovery responsibilities under one act. |
| Defence Investment Agency | In the Spring Economic Update 2026, the government proposes to introduce legislation to establish the Defence Investment Agency as a departmental agency presided over by a new minister and to make related amendments to the Defence Production Act that would, among other things, enhance financial and transactional authorities available to the new minister. |
| Increasing Food Security | In the Spring Economic Update 2026, the government proposes to amend the Canadian Food Inspection Agency Act and the Pest Control Products Act to amend the mandates of the Canadian Food Inspection Agency and the Pest Management Regulatory Agency to include consideration of food security and cost of food. |
| Regulatory Sandboxes – additional amendment | In the Spring Economic Update 2026, the government proposes to amend the Red Tape Reduction Act to add the Official Languages Act to the list of exempted statutes for regulatory sandboxes. |
| Canada Pension Plan | In the Spring Economic Update 2026, the government proposes to make amendments to the Canada Pension Plan legislation to implement a reduction in the base Canada Pension Plan contribution rate from 9.9 per cent to 9.5 per cent, effective January 1, 2027. |
| Lawful Search and Seizure of Mail | In the Spring Economic Update 2026, the government proposes to amend to the Canada Post Corporation Act to enable law enforcement to lawfully search and seize mail as authorised under an Act of Parliament. |
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