C-59Fall Economic Statement Implementation Act, 2023
An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023
Government bill, introduced in the House of Commons on November 30, 2023
- Status
- Became law on June 20, 2024 · S.C. 2024, c. 15
What it does
Implements tax and other measures from the 2023 fall economic statement and the 2023 budget, including new business, digital services, and credit rules.
What it does
- Limits how much interest and financing costs certain corporations and trusts can deduct, and adds rules for hybrid mismatch payments and some partnership and foreign income items.
- Creates new tax credit rules for carbon capture, utilisation and storage and clean technology, and adds wage and apprenticeship rules for some claims at regular tax credit rates.
- Changes rules for employee ownership trusts, intergenerational business transfers, and certain loans and debts used in qualifying business transfers.
- Changes First Home Savings Account rules, including excess amount, swap transaction, and reporting rules.
- Adds a 2% tax on certain share buybacks by covered entities and creates a 3% digital services tax on taxable Canadian digital services revenue.
- Sets special filing, payment, bankruptcy, receivership, penalty, audit, assessment, and collection rules for the new digital services tax and related parts.
Who it affects
- Corporations and trusts
- Digital services businesses
- Public companies buying back shares
- Businesses using carbon capture or clean technology credits
- Business owners transferring a company
- First Home Savings Account holders
- Trustees and receivers
Background
The bill implements certain measures from the fall economic statement tabled on November 21, 2023, and certain measures from the budget tabled on March 28, 2023.
Where it is
Last activity Jun 20, 2024
House of Commons
First reading
Completed.
Second reading
Completed.
Committee
Completed.
Report stage
Completed.
Third reading
Completed.
Senate
First reading
Completed.
Second reading
Completed.
Committee
Completed.
Third reading
Completed.
Senate pre study
Completed.
Royal assent
Royal assent
Completed.
Introduced by a cabinet minister on behalf of the government. Government bills get set time for debate, so they are the most likely to become law. How a bill becomes law
How the House voted
23 recorded votes
3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 323 to 341)
Vote 785,
Passed
175 yeato144 nay · 12 paired
Party breakdown for vote 785 Party Position Yea Nay Did not vote Liberal Yea 149 0 7 Conservative Nay 0 114 4 Bloc Nay 0 29 3 NDP Yea 23 0 1 Green Yea 2 0 0 Independent Split evenly 1 1 1 Total 175 144 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 320 to 322)
Vote 784,
Passed
318 yeato0 nay · 12 paired
Party breakdown for vote 784 Party Position Yea Nay Did not vote Liberal Yea 149 0 7 Conservative Yea 113 0 5 Bloc Yea 29 0 3 NDP Yea 23 0 1 Green Yea 2 0 0 Independent Yea 2 0 1 Total 318 0 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 318 and 319)
Vote 783,
Passed
317 yeato0 nay · 12 paired
Party breakdown for vote 783 Party Position Yea Nay Did not vote Liberal Yea 147 0 9 Conservative Yea 114 0 4 Bloc Yea 29 0 3 NDP Yea 23 0 1 Green Yea 2 0 0 Independent Yea 2 0 1 Total 317 0 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 273 to 277)
Vote 782,
Passed
202 yeato114 nay · 12 paired
Party breakdown for vote 782 Party Position Yea Nay Did not vote Liberal Yea 147 0 9 Conservative Nay 0 113 5 Bloc Yea 29 0 3 NDP Yea 23 0 1 Green Yea 2 0 0 Independent Split evenly 1 1 1 Total 202 114 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 219 to 230)
Vote 781,
Passed
318 yeato0 nay · 12 paired
Party breakdown for vote 781 Party Position Yea Nay Did not vote Liberal Yea 148 0 8 Conservative Yea 114 0 4 Bloc Yea 29 0 3 NDP Yea 23 0 1 Green Yea 2 0 0 Independent Yea 2 0 1 Total 318 0 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 145 to 167, 217 and 218 regarding measures related to vaping products, cannabis and tobacco)
Vote 780,
Passed
318 yeato0 nay · 12 paired
Party breakdown for vote 780 Party Position Yea Nay Did not vote Liberal Yea 148 0 8 Conservative Yea 114 0 4 Bloc Yea 29 0 3 NDP Yea 23 0 1 Green Yea 2 0 0 Independent Yea 2 0 1 Total 318 0 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 197 to 208 and 342 to 365 regarding amendments to the Canada Labour Code)
Vote 779,
Passed
317 yeato0 nay · 12 paired
Party breakdown for vote 779 Party Position Yea Nay Did not vote Liberal Yea 147 0 9 Conservative Yea 114 0 4 Bloc Yea 29 0 3 NDP Yea 23 0 1 Green Yea 2 0 0 Independent Yea 2 0 1 Total 317 0 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 137, 144 and 231 to 272 regarding measures related to affordability)
Vote 778,
Passed
316 yeato0 nay · 12 paired
Party breakdown for vote 778 Party Position Yea Nay Did not vote Liberal Yea 147 0 9 Conservative Yea 114 0 4 Bloc Yea 29 0 3 NDP Yea 22 0 2 Green Yea 2 0 0 Independent Yea 2 0 1 Total 316 0 3rd reading and adoption of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 1 to 136, 138 to 143, 168 to 196, 209 to 216 and 278 to 317 regarding measures appearing in the 2023 budget)
Vote 777,
Passed
175 yeato144 nay · 12 paired
Party breakdown for vote 777 Party Position Yea Nay Did not vote Liberal Yea 149 0 7 Conservative Nay 0 114 4 Bloc Nay 0 29 3 NDP Yea 23 0 1 Green Yea 2 0 0 Independent Split evenly 1 1 1 Total 175 144 Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (recommittal to a committee)
Vote 776,
Failed
116 yeato202 nay · 12 paired
Party breakdown for vote 776 Party Position Yea Nay Did not vote Liberal Nay 0 148 8 Conservative Yea 115 0 3 Bloc Nay 0 29 3 NDP Nay 0 22 2 Green Nay 0 2 0 Independent Split evenly 1 1 1 Total 116 202 Concurrence at report stage of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023
Vote 764,
Passed
173 yeato141 nay · 2 paired
Party breakdown for vote 764 Party Position Yea Nay Did not vote Liberal Yea 148 0 8 Conservative Nay 0 112 6 Bloc Nay 0 28 4 NDP Yea 23 0 1 Green Yea 2 0 0 Independent Nay 0 1 2 Total 173 141 Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (report stage amendment)
Vote 763,
Failed
114 yeato202 nay · 2 paired
Party breakdown for vote 763 Party Position Yea Nay Did not vote Liberal Nay 0 147 9 Conservative Yea 113 0 5 Bloc Nay 0 29 3 NDP Nay 0 22 2 Green Nay 0 2 0 Independent Nay1 broke ranks 1 2 0 Total 114 202 Time allocation for Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023
Vote 759,
Passed
166 yeato137 nay · 2 paired
Party breakdown for vote 759 Party Position Yea Nay Did not vote Liberal Yea 144 0 12 Conservative Nay 0 107 11 Bloc Nay 0 30 2 NDP Yea 19 0 5 Green Yea 2 0 0 Independent Yea 1 0 2 Total 166 137 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 323 to 341.)
Vote 668,
Passed
175 yeato149 nay · 2 paired
Party breakdown for vote 668 Party Position Yea Nay Did not vote Liberal Yea 149 0 7 Conservative Nay 0 117 1 Bloc Nay 0 30 2 NDP Yea 23 0 2 Green Yea 2 0 0 Independent Nay1 broke ranks 1 2 0 Total 175 149 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 320 to 322; and)
Vote 667,
Passed
323 yeato0 nay · 2 paired
Party breakdown for vote 667 Party Position Yea Nay Did not vote Liberal Yea 149 0 7 Conservative Yea 116 0 2 Bloc Yea 30 0 2 NDP Yea 23 0 2 Green Yea 2 0 0 Independent Yea 3 0 0 Total 323 0 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 318 and 319;)
Vote 666,
Passed
322 yeato0 nay · 2 paired
Party breakdown for vote 666 Party Position Yea Nay Did not vote Liberal Yea 149 0 7 Conservative Yea 116 0 2 Bloc Yea 29 0 3 NDP Yea 23 0 2 Green Yea 2 0 0 Independent Yea 3 0 0 Total 322 0 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 273 to 277;)
Vote 665,
Passed
206 yeato117 nay · 2 paired
Party breakdown for vote 665 Party Position Yea Nay Did not vote Liberal Yea 150 0 6 Conservative Nay 0 116 2 Bloc Yea 30 0 2 NDP Yea 22 0 3 Green Yea 2 0 0 Independent Yea1 broke ranks 2 1 0 Total 206 117 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 219 to 230;)
Vote 664,
Passed
321 yeato0 nay · 2 paired
Party breakdown for vote 664 Party Position Yea Nay Did not vote Liberal Yea 147 0 9 Conservative Yea 116 0 2 Bloc Yea 30 0 2 NDP Yea 23 0 2 Green Yea 2 0 0 Independent Yea 3 0 0 Total 321 0 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 145 to 167, 217 and 218 regarding measures related to vaping products, cannabis and tobacco;)
Vote 663,
Passed
323 yeato0 nay · 2 paired
Party breakdown for vote 663 Party Position Yea Nay Did not vote Liberal Yea 149 0 7 Conservative Yea 116 0 2 Bloc Yea 30 0 2 NDP Yea 23 0 2 Green Yea 2 0 0 Independent Yea 3 0 0 Total 323 0 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 197 to 208 and 342 to 365 regarding amendments to the Canada Labour Code;)
Vote 662,
Passed
323 yeato2 nay · 2 paired
Party breakdown for vote 662 Party Position Yea Nay Did not vote Liberal Yea 150 0 6 Conservative Yea1 broke ranks 116 1 1 Bloc Yea 30 0 2 NDP Yea 23 0 2 Green Split evenly 1 1 0 Independent Yea 3 0 0 Total 323 2 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 137, 144 and 231 to 272 regarding measures related to affordability;)
Vote 661,
Passed
320 yeato1 nay · 2 paired
Party breakdown for vote 661 Party Position Yea Nay Did not vote Liberal Yea 149 0 7 Conservative Yea1 broke ranks 116 1 1 Bloc Yea 29 0 3 NDP Yea 22 0 3 Green Yea 1 0 1 Independent Yea 3 0 0 Total 320 1 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (Clauses 1 to 136, 138 to 143, 168 to 196, 209 to 216 and 278 to 317 regarding measures appearing in the 2023 budget;)
Vote 660,
Passed
172 yeato148 nay · 2 paired
Party breakdown for vote 660 Party Position Yea Nay Did not vote Liberal Yea 147 0 9 Conservative Nay 0 117 1 Bloc Nay 0 28 4 NDP Yea 23 0 2 Green Split evenly 1 1 0 Independent Nay1 broke ranks 1 2 0 Total 172 148 2nd reading of Bill C-59, An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 (reasoned amendment)
Vote 659,
Failed
118 yeato206 nay · 2 paired
Party breakdown for vote 659 Party Position Yea Nay Did not vote Liberal Nay 0 149 7 Conservative Yea 117 0 1 Bloc Nay 0 30 2 NDP Nay 0 23 2 Green Nay 0 2 0 Independent Nay1 broke ranks 1 2 0 Total 118 206
What MPs said
Each party’s first speech on this bill in the House, from Hansard. Excerpts are the speaker’s opening sentences, unedited.
LiberalCarolyn Bennett· December 12, 2023
“As I rise in the House for the last time, I want to begin by acknowledging that we are gathered on the traditional unceded territory of the Algonquin people. I hope that territorial recognition will soon be included at the opening of the House every day.”
Read the full speech on openparliament.caConservativeAdam Chambers· December 12, 2023
“I thank my hon. colleague for her many years of service. It gives me great pleasure to comment on her very long career.”
Read the full speech on openparliament.caBlocKristina Michaud· January 29, 2024
“This bill can be described as an omnibus bill. It is a bit of a hodgepodge.”
Read the full speech on openparliament.caNDPLeah Gazan· December 12, 2023
“I did not know until today that she loves karaoke.”
Read the full speech on openparliament.caGreenElizabeth May· January 30, 2024
“I thank all my colleagues and acknowledge their comments.”
Read the full speech on openparliament.ca
Read the source
LEGISinfo status: Royal assent received. Bill data from LEGISinfo, votes from openparliament.ca and the House of Commons. Last updated October 13, 2026.