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Decentralized Democracy

House Bill

Bill C-46

44th Parl. 1st Sess.
May 11, 2023
An Act to amend the Federal-Provincial Fiscal Arrangements Act and the Income Tax Act
  • This bill is called the Cost of Living Relief Act, No. 3. It makes changes to two existing laws - the Federal-Provincial Fiscal Arrangements Act and the Income Tax Act. The first change is to the Federal-Provincial Fiscal Arrangements Act, which allows the government to give more money to the provinces and territories. Specifically, it authorizes additional cash payments to Ontario, Quebec, Nova Scotia, New Brunswick, Manitoba, British Columbia, Prince Edward Island, Saskatchewan, Alberta, Newfoundland and Labrador, Yukon, Northwest Territories, and Nunavut. These payments amount to a total of $2 billion. The second change is to the Income Tax Act, which provides an additional payment of the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit. This extra payment will be double the amount of the regular January 2023 payment. These changes aim to provide relief to individuals and provinces during a difficult economic period.
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