Department of Finance Canada said Bill C-15, the Budget Implementation Act, 2025, No. 1, received Royal Assent on March 26.
The legislation implements a wide package of Budget 2025 measures. Finance Canada said it reduces the lowest personal income tax rate from 15 per cent to 14 per cent, removes GST/HST on qualifying new homes for first-time buyers, and permanently removes the consumer carbon price.
The bill also launches the Canada Groceries and Essentials Benefit, which replaces the former GST/HST credit. Finance Canada said the benefit is intended to assist 12 million low- and modest-income residents with grocery and other essential costs.
On the business and investment side, the legislation delivers the Clean Electricity investment tax credit and enhances existing clean-economy investment tax credits. Finance Canada also identified a Productivity Super-Deduction for new capital investment and changes meant to simplify administration of the Scientific Research and Experimental Development program.
The labour-market measures include liquidity relief for affected sectors, extended Employment Insurance income support, an expanded Work-Sharing program, and training support for more than 50,000 workers.
Because Bill C-15 received Royal Assent, the listed tax, benefit, housing, and investment-credit measures moved from budget language into enacted law.