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Budget Implementation Act, 2024, No. 1 (S.C. 2024, c. 17)

Assented to 2024-06-20

PART 2Global Minimum Tax Act (continued)

Consequential Amendments

R.S., c. A-1Access to Information Act

  •  (1) Schedule II to the Access to Information Act is amended by adding, in alphabetical order, a reference to

    • Global Minimum Tax Act

      Loi sur l’impôt minimum mondial

    and a corresponding reference to “section 121”.

  • (2) Subsection (1) is deemed to have come into force on December 31, 2023.

R.S., c. B-3; 1992, c. 27, s. 2Bankruptcy and Insolvency Act

 Subsection 149(3) of the Bankruptcy and Insolvency Act is amended by striking out “and” at the end of paragraph (h), by adding “and” at the end of paragraph (i) and by adding the following after paragraph (i):

R.S., c. C-46Criminal Code

 Paragraph 462.48(2)(c) of the Criminal Code is replaced by the following:

R.S., c. E-15Excise Tax Act

 Section 77 of the Excise Tax Act is replaced by the following:

Marginal note:Restriction on refunds and credits

77 A refund shall not be paid, and a credit shall not be allowed, to a person under this Act until the person has filed with the Minister all returns and other records of which the Minister has knowledge that are required to be filed under the Excise Tax Act, the Income Tax Act, the Air Travellers Security Charge Act, the Excise Act, 2001, the Underused Housing Tax Act, the Select Luxury Items Tax Act and the Global Minimum Tax Act.

 Subsection 229(2) of the Act is replaced by the following:

 Subsection 230(2) of the Act is replaced by the following:

 Subparagraph 238.1(2)(c)(iii) of the Act is replaced by the following:

 Section 263.02 of the Act is replaced by the following:

Marginal note:Restriction on rebate

263.02 A rebate under this Part shall not be paid to a person at any time unless all returns of which the Minister has knowledge and that are required to be filed at or before that time by the person under this Act, the Income Tax Act, the Air Travellers Security Charge Act, the Excise Act, 2001, the Underused Housing Tax Act, theSelect Luxury Items Tax Act and the Global Minimum Tax Act have been filed with the Minister.

 Subsection 296(7) of the Act is replaced by the following:

R.S., c. E-20; 2001, c. 33, s. 2(F)Export Development Act

 Paragraph 24.3(2)(c) of the Export Development Act is replaced by the following:

R.S., c. F-11Financial Administration Act

 Paragraph 155.2(6)(c) of the Financial Administration Act is replaced by the following:

R.S., c. T-2Tax Court of Canada Act

 Paragraph 18.29(3)(a) of the Act is amended by adding the following after subparagraph (vi):

 Subsection 18.31(2) of the Act is replaced by the following:

 Subsection 18.32(2) of the Act is replaced by the following:

R.S., c. 1 (2nd Supp.)Customs Act

 Paragraph 107(5)(g.1) of the Customs Act is replaced by the following:

R.S., c. 1 (5th Supp.)Income Tax Act

 Paragraph 18(1)(t) of the Income Tax Act is amended by striking out “or” at the end of subparagraph (iv), by adding “or” at the end of subparagraph (v) and by adding the following after subparagraph (v):

 Subsection 164(2.01) of the Act is replaced by the following:

 

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