Department of Finance Canada introduced Bill C-15, the Budget 2025 Implementation Act, No. 1.
The bill is the first implementation bill for Budget 2025 and contains tax, housing, financial-sector, infrastructure, and public-service measures.
For housing, Bill C-15 includes investment in Build Canada Homes, a federal initiative intended to help double the pace of affordable home building over the next decade.
For business investment, the bill would introduce the Productivity Super-Deduction, a set of enhanced tax incentives allowing businesses to write off a larger share of new capital-investment costs sooner.
The bill would also deliver the Clean Electricity investment tax credit and enhance existing clean-economy investment tax credits for clean technologies, clean technology manufacturing, and carbon capture, utilization, and storage.
On personal and disability-related tax measures, the bill would exempt the Canada Disability Benefit from income and expand the Disability Supports Deduction.
The bill would introduce a temporary Personal Support Workers Tax Credit worth up to $1,100 per year for eligible workers.
The Lifetime Capital Gains Exemption would rise to $1.25 million of eligible capital gains.
Another proposed simplification is the elimination of the Underused Housing Tax, which Finance Canada said would reduce administrative costs for government and compliance costs for homeowners.
The bill also includes financial-sector measures on consumer-targeted fraud, cheque access, credit-union competition, consumer-driven banking, and a regulated framework for stablecoins.