C-31Budget 2025 Implementation Act, No. 2
A second Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025
Government bill, introduced in the House of Commons on May 6, 2026
- Status
- In committee in the House of Commons since June 3, 2026
What it does
Implements Budget 2025 tax, financial, housing, bankruptcy, and labour measures, including new minimum tax, reporting, and registry rules.
What it does
- Provides temporary immediate expensing for eligible manufacturing or processing buildings, and adds a recapture rule if a building later has more than 10% non-manufacturing use within 10 years.
- Expands mining and clean economy tax rules, including environmental studies, community consultations, clean economy expenditures for flow-through mining shares, and new rules for clean technology, clean electricity, and clean hydrogen investment tax credits.
- Changes tax rules for employer contributions to group sickness or accident plans, employee expense reimbursements, flipped property trusts, charity reporting and penalties, and adds crypto-asset reporting rules for 2027 and later.
- Adds domestic minimum top-up tax rules, a Canadian under-taxed profits rule for multinational groups, new safe harbour rules, and says tax treaties do not stop the Global Minimum Tax Act from applying.
- Changes GST/HST, excise, and financial institution rules, and updates qualified and prohibited investments for registered plans, including rules for Lloyd's associations, first home savings accounts, and Canadian Payments Association cheque clearing services.
- Changes bank, insurance, housing, bankruptcy, contract, and federal labour rules, including banning some bearer-form conversion documents, raising Tax Court limits, setting housing-related ceilings, and restricting some non-compete clauses for federal employees.
Who it affects
- Manufacturing and processing businesses
- Mining and clean economy firms
- Charities
- Crypto-asset service providers
- Multinational groups
- Registered plan holders
- Banks, insurers, and credit unions
- Federal employees
Background
This is the second bill to implement certain budget measures tabled in Parliament on November 4, 2025.
Where it is
House of Commons
First reading
Completed.
Second reading
Completed.
Committee
Current stage. Now here
Report stage
Not reached.
Third reading
Not reached.
Senate
First reading
Not reached.
Second reading
Not reached.
Committee
Not reached.
Third reading
Not reached.
Senate pre study
Not reached.
Royal assent
Royal assent
Not reached.
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
2nd reading of Bill C-31, A second Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025 (all remaining provisions of the bill)
Vote 133,
Passed
170 yeato165 nay · 6 paired
Party breakdown for vote 133 Party Position Yea Nay Did not vote Liberal Yea 170 0 4 Conservative Nay 0 137 3 Bloc Nay 0 21 1 NDP Nay 0 5 0 Green Nay 0 1 0 Independent Nay 0 1 0 Total 170 165 2nd reading of Bill C-31, A second Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025 (Part 4, Division 17, that is clauses 339 to 364 of the bill)
Vote 132,
Passed
177 yeato158 nay · 6 paired
Party breakdown for vote 132 Party Position Yea Nay Did not vote Liberal Yea 170 0 4 Conservative Nay 0 137 3 Bloc Nay 0 21 1 NDP Yea 5 0 0 Green Yea 1 0 0 Independent Yea 1 0 0 Total 177 158 2nd reading of Bill C-31, A second Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025 (reasoned amendment)
Vote 131,
Failed
137 yeato198 nay · 6 paired
Party breakdown for vote 131 Party Position Yea Nay Did not vote Liberal Nay 0 170 4 Conservative Yea 137 0 3 Bloc Nay 0 21 1 NDP Nay 0 5 0 Green Nay 0 1 0 Independent Nay 0 1 0 Total 137 198 Time allocation for Bill C-31, A second Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025
Vote 128,
Passed
167 yeato161 nay · 12 paired
Party breakdown for vote 128 Party Position Yea Nay Did not vote Liberal Yea 167 0 7 Conservative Nay 0 133 7 Bloc Nay 0 22 0 NDP Nay 0 4 1 Green Nay 0 1 0 Independent Nay 0 1 0 Total 167 161
What MPs said
Each party’s first speech on this bill in the House, from Hansard. Excerpts are the speaker’s opening sentences, unedited.
LiberalSteven Guilbeault· May 27, 2026
“A few months after I turned 25, I embarked on my first overseas trip, one that, without my knowing it, would set the course of my entire life. I was heading to Berlin for what was then a little-known gathering: the very first conference of parties on climate change, COP1.”
Read the full speech on openparliament.caConservativeShuv Majumdar· May 27, 2026
“I am a rookie in the chamber, a new member of Parliament having served barely, not even, three years. However, I can acknowledge that public service comes at a price, a cost to our friends, our family and all our loved ones.”
Read the full speech on openparliament.caBlocPatrick Bonin· May 27, 2026
“Today I want to heartily commend the member for Laurier—Sainte‑Marie, the former minister of environment and heritage, for his public service. I am even taking the unusual liberty of addressing him by name, Steven, this one last time.”
Read the full speech on openparliament.caNDPHeather McPherson· May 29, 2026
“I wanted to start today by giving my best regards to Albertans who are standing up for the “Fight Back Now” day of action that is taking place across Alberta today. It is being organized by the Alberta Federation of Labour.”
Read the full speech on openparliament.caGreenElizabeth May· June 1, 2026
“Unfortunately, I disagree with her last comment that we have time to debate the bill now. Given the gag order, enough time to debate the bill is exactly what we do not have.”
Read the full speech on openparliament.ca
Read the source
LEGISinfo status: At consideration in committee in the House of Commons. Bill data from LEGISinfo, votes from openparliament.ca and the House of Commons. Last updated October 13, 2026.