Department of Finance Canada said Bill C-30, legislation implementing measures from the Spring Economic Update tabled on April 28, 2026, received Royal Assent on June 19.
The legislation includes temporary federal fuel excise relief. The federal fuel excise tax on gasoline and diesel is suspended from April 20 to September 7, 2026, reducing costs by 10 cents per litre on gasoline and 4 cents per litre on diesel. The federal fuel excise tax on aviation fuels is also temporarily suspended.
Bill C-30 also extends excise duty relief for the alcohol sector. The measures include a 2% cap on annual inflationary duty increases and reduced rates for the first 15,000 hectolitres of beer brewed in Canada, providing more than $30 million in relief through 2028.
For housing, the legislation extends the Home Buyers' Plan repayment grace period from two years to five years for RRSP withdrawals made between 2026 and 2028. That gives qualifying new homeowners more time before repayments must begin.
The labour measures include changes to the Labour Mobility Deduction. The minimum distance threshold is reduced from 150 kilometres to 120 kilometres, while the maximum annual deduction rises from $4,000 to $10,000 for eligible tradespeople who travel for work.
The legislation also extends a temporary Employment Insurance measure for seasonal workers in targeted regions, providing up to five additional weeks of benefits to help bridge income gaps between seasons.
Starting in 2027, the base Canada Pension Plan contribution rate is set to fall from 9.9% to 9.5%. An employee earning $70,000 would save about $133 annually, with matching savings for employers.
For business succession, Bill C-30 makes permanent the $10 million capital gains exemption for qualifying business transfers to employee ownership trusts and worker co-operatives. The legislation also allows immediate expensing for greenhouses to support agricultural production.
The result is a broad implementation bill rather than a single tax change. Its practical importance is that several previously announced budget and economic-update measures have moved from proposal to enacted law.