Bill C-15 implements the 2025 budget measures to unify the economy, advance major infrastructure, reduce costs, and expand opportunities for Canadians.
Canada’s Department of Finance announced the introduction of Bill C-15, Budget 2025 Implementation Act, No. 1, on 18 November 2025. It is an important first piece of legislation to advance key Budget 2025: Canada Strong priorities.
Bill C-15 and, by extension, Budget 2025, advance the government’s plan to build one Canadian economy, catalyse nation-building infrastructure, and empower Canadians with lower costs and new opportunities.
The key measures proposed in Bill C-15 are:
- Investing in Build Canada Homes to help double the pace of affordable home building over the next decade.
- Delivering the Clean Electricity investment tax credit to accelerate the investments needed to expand our clean electricity grid and enhancing the suite of existing Clean Economy investment tax credits to support further investments in clean technologies, clean technology manufacturing, and carbon capture, utilisation, and storage.
- Introducing a Productivity Super-Deduction – a set of enhanced tax incentives covering all new capital investment that allows businesses to write off a larger share of the cost of these investments right away.
- Accelerating the path to construction of Alto High-Speed Rail, Canada’s first high-speed, 300 km/hour railway from Toronto to Québec City, to speed up travel within Canada’s most populated corridor.
- Supercharging investment in research and development by enhancing the Scientific Research and Experimental Development program, improving its process, and increasing the annual expenditure limit.
Measures proposed in Bill C-15 to make Canada’s tax system fairer and more efficient include:
- Exempting the Canada Disability Benefit from income and proceeding with expanding the Disability Supports Deduction to help protect the financial stability of persons with disabilities.
- Introducing a temporary Personal Support Workers (PSW) Tax Credit to provide support of up to CAD 1,100 per year to eligible PSWs.
- Increasing the Lifetime Capital Gains Exemption to apply to up to CAD 1.25 million of eligible capital gains, as announced in Budget 2024.
- Eliminating the Underused Housing Tax to simplify Canada’s tax system and reduce administrative costs for the government and compliance costs for homeowners.
Measures proposed in Bill C-15 to strengthen and protect Canada’s financial sector and make it work better for Canadians include:
- Combatting financial fraud by requiring banks to have policies and procedures to detect and prevent consumer-targeted fraud, and to mitigate its impacts, collect and report data on fraud to the Financial Consumer Agency of Canada, and allow consumers to disable certain account features, and adjust maximum transaction amounts.
- Enhancing access to funds deposited by cheque to give Canadians quicker access to their own money and reduce reliance on short-term credit like payday loans or overdraft protection, especially for low-income Canadians and seniors.
- Helping credit unions grow and compete by making it easier for them to enter the federal framework and expand so they can continue to serve more Canadians.
- Completing the consumer-driven banking legislative framework to allow Canadians and businesses to securely share their financial data with third-party providers and give consumers clearer choices and better tools to manage their finances.
- Creating a regulated space for stablecoins to support innovation further and help build trust in digital payments.
Earlier, Canada’s Department of Finance released the details of the Budget 2025 on 4 November 2025, outlining proposed changes to business taxes, international tax rules, and sales/excise taxes, enhanced investment incentives, transfer pricing rules, and the elimination of the underused housing tax and certain luxury taxes.
