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Budget Implementation Act, 2007 (S.C. 2007, c. 29)

Assented to 2007-06-22

Coordinating Amendments

Marginal note:Bill C-40

53. If Bill C-40, introduced in the 1st session of the 39th Parliament and entitled the Sales Tax Amendments Act, 2006 (the “other Act”), receives royal assent and the day of that assent is later than or the same day as the day on which this Act receives royal assent, then

  • (a) subsections 34(1) and (4) of the other Act are deemed to have come into force on the day before the day on which subsection 47(1) of this Act comes into force;

  • (b) subsections 34(2) and (4) of the other Act are deemed to have come into force on the day before the day on which subsection 47(2) of this Act comes into force;

  • (c) subsections 34(3) and (4) of the other Act are deemed to have come into force on the day before the day on which subsection 47(8) of this Act comes into force;

  • (d) subsections 34(3) and (4) of the other Act are deemed to have come into force on the day before the day on which subsection 47(9) of this Act comes into force; and

  • (e) subsections 52(1) and (4) of the other Act are deemed to have come into force on the day before the day on which subsection 50(1) of this Act comes into force.

PART 4

OTHER MEASURES RELATING TO TAXATION

Marginal note:1997, c. 36

Customs Tariff

  • 54. (1) The Description of Goods of tariff item No. 9804.10.00 in the List of Tariff Provisions set out in the schedule to the Customs Tariff is amended by replacing the reference to “two hundred dollars” with a reference to “four hundred dollars”.

  • (2) Subsection (1) is deemed to have come into force on March 20, 2007.

Marginal note:R.S., c. F-8; 1995, c. 17, s. 45(1)

Federal-Provincial Fiscal Arrangements Act

55. Section 34 of the Federal-Provincial Fiscal Arrangements Act is replaced by the following:

Marginal note:Payments in respect of provincial tax or fee imposed by participating province

34. Where, in respect of any transaction, matter or thing, a provincial tax or fee is imposed or levied under a law of a participating province and the provincial tax or fee would be payable by a corporation included in Schedule I if that law were applicable to the corporation, the corporation shall, in respect of any such transaction, matter or thing, pay the provincial tax or fee so imposed or levied as and when it would be required to do so if that law were applicable to it.

56. Schedule I to the Act is amended by adding the following at the end of that Schedule:

Any corporation that is a wholly-owned subsidiary, as defined in subsection 83(1) of the Financial Administration Act, of a corporation listed in this Schedule.

Toute personne morale qui est la filiale à cent pour cent, au sens du paragraphe 83(1) de la Loi sur la gestion des finances publiques, d’une personne morale figurant à la présente annexe.

Marginal note:Coming into force

57. Sections 55 and 56 are deemed to have come into force on July 1, 2000.