Justin Trudeau’s government took another step on Tuesday towards adopting measures such as sick leave in the event of miscarriage and a withdrawal of the GST on psychotherapy care.
Finance Minister Chrystia Freeland tabled a ways and means motion that details the elements of a potential bill implementing the economic statement she presented last week.
Among the promised initiatives requiring legislative changes, we also find proposed modifications to the Competition Act. In the past, the Liberals have put forward such modernization as a way to stabilize the effect of the rising cost of living on consumers, particularly at the grocery store.
The bill implementing the economic statement, which the federal government hopes to formally present to the House of Commons on Wednesday, will also include measures for the establishment of tax credits for investments in clean technologies. These incentives were announced a long time ago by Ottawa.
Once they become a reality, these tax credits must be retroactive to March 28, 2023, senior representatives of the Government of Canada told the media.
A credit for carbon capture and storage must be made accessible, retroactively, from January 2022, it was also specified.
Digital Services Tax
Mme Freeland reiterated, through his ways and means motion, his intention to impose the digital giants on Canadian soil.
Legislative provisions are therefore included to make things happen. The Deputy Prime Minister has already made it known on several occasions that she wants this tax to be in force from the beginning of 2024.
Negotiations are also underway on the international scene with the Organization for Economic Co-operation and Development (OECD). Ottawa could, however, decide to move forward on its own, like Mr.me Freeland has already suggested this.
The ways and means motion presented by the minister on Tuesday must be adopted before the bill on the subject can be tabled by the Liberals. The promised measures can only be implemented once royal assent has been obtained.