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Bill 180, Building a Better Ontario Act (Budget Measures), 2024

Bethlenfalvy, Hon. Peter Minister of Finance

Royal Assent received. Statutes of Ontario 2024,

chapter 12

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Bill 180 Royal Assent (PDF)

EXPLANATORY

NOTE

This Explanatory Note was written as a reader’s

aid to Bill 180 and does not form part of the law.

Bill 180 has been enacted as

Chapter 12 of the Statutes of Ontario, 2024.

SCHEDULE 1

BUILDING ONTARIO FUND ACT, 2024

The

Building Ontario Fund Act, 2024 is enacted. The Act

continues Ontario Infrastructure Bank as a corporation without share capital

construction in French.

The

Act includes provisions respecting the Corporation’s objects, the composition

of the board of directors, by-law making provisions, the Chief Executive

Officer and employees of the Corporation, the powers of the Corporation and

requirements relating to financial record-keeping, annual and other reports,

and audits.

SCHEDULE 2

ESTATE ADMINISTRATION TAX ACT, 1998

technical amendment is made to the definition of “estate certificate” in the Estate Administration Tax Act, 1998 to include references

to small estate certificates.

SCHEDULE 3

FINANCIAL ADMINISTRATION ACT

Section

23 of the Financial Administration Act is amended

to provide for an exception to the rules governing temporary bank loans in

respect of certain short-term loans.

SCHEDULE 4

FUEL TAX ACT

Clause

2 (1.1) (

a) of the Fuel Tax Act currently provides

for a reduction of the tax payable by purchasers of clear fuel if the tax is

payable during the period beginning on July 1, 2022 and ending on June 30,

2024. The clause is amended to provide that the period ends on December 31,

SCHEDULE 5

GASOLINE TAX ACT

Clause

2 (1.1) (

a) of the Gasoline Tax Act currently

provides for a reduction of the tax payable by purchasers of gasoline if the

tax is payable during the period beginning on July 1, 2022 and ending on June

30, 2024. The clause is amended to provide that the period ends on December 31,

SCHEDULE 6

LIQUOR TAX ACT, 1996

The

Schedule repeals subsection 27 (1) of the Liquor Tax Act,

1996 , which sets a basic tax rate of 6.1 per cent of the retail price on

Ontario wine or wine cooler that is purchased from an onsite winery retail

store. Transition rules are also provided with respect of any payments of the

tax in the event that the Building a Better Ontario Act

(Budget Measures), 2024 receives Royal Assent after April 1, 2024.

SCHEDULE 7

ONTARIO LOAN ACT, 2024

The

Ontario Loan Act, 2024 is enacted. Subsection 1

(1) of the Act authorizes the Crown to borrow a maximum of $15.9 billion.

SCHEDULE 8

PENSION BENEFITS ACT

Unproclaimed

provisions in the Pension Benefits Act relating to

target benefits are amended and new provisions are added. Here are some

highlights:

1. Currently,

unproclaimed provisions in

section 10 of the Act govern the requirement for the

documents that create and support a pension plan to set out certain written

policies. Those provisions are re-enacted to add further requirements in

respect of written policies that relate to plans that provide target benefits.

Transitional rules are also provided for.

2. Currently,

unproclaimed

section 39.2 of the Act governs target benefits, including setting

out criteria that must be satisfied for a benefit to be a target benefit. The

Schedule makes various amendments to some of the existing criteria. In

addition, new subsection 39.2 (6) provides that if one or more of the criteria

are no longer satisfied, such that the benefit ceases to be a target benefit,

the prescribed rules apply.

3. Changes

are also made to unproclaimed

section 81.0.2 of the Act, which sets out

requirements relating to proposals to convert certain benefits provided by a

multi-employer pension plan to target benefits. In particular, provisions

related to the giving of notices of a proposed conversion and of an application

for consent are repealed, and the requirement on administrators to consult with

trade unions about the proposed conversion is changed to also include a

requirement to consult with certain associations. In addition, new subsection

81.0.2 (2.2) sets out a 5-year time limit on conversions in respect of certain

designated multi-jurisdictional pension plans.

4. New

section 98.2 of the Act provides that, in the case of a pension plan that

provides target benefits, if the Chief Executive Officer requests, the plan

administrator or other prescribed person is required to provide any information

for the purpose of ascertaining whether the provision for adverse deviations

set out in a filed report complies with the Act and the regulations.

SCHEDULE 9

TAXATION ACT, 2007

The

Schedule amends the requirements set out in the Taxation

Act, 2007 that determine whether a production is eligible for the

Ontario Computer Animation and Special Effects Tax Credit.

SCHEDULE 10

TOBACCO TAX ACT

The

Schedule makes various amendments to

section 29 of the Tobacco

Tax Act .

Currently,

subsections 29 (13) to (17) provide for a fine of a specified amount or within

a range of amounts as well as an additional fine of a fixed or minimum amount

when a person contravenes subsection 29 (1) or (2), as the case may be. These

subsections are amended to increase the specified amount or the range of

amounts of the fine and to set a maximum amount with respect to the additional

fine.

The

new subsection 29 (13.1) sets out a new offence when a person contravenes

subsection 29 (1) and is found to be in possession of or to have purchased or

received 100,000 or more unmarked cigarettes or 100,000 grams or more of

unmarked fine cut tobacco at a place used for the purchase, sale or storage of

the cigarettes or tobacco that is controlled, directly or indirectly, by that

person. This new subsection also provides for a minimum fine.

Under

the new subsection 29 (13.2), the offence set out in subsection 29 (13.1) also

applies when the person is found to be in possession of the cigarettes or

tobacco while in transit to or from the place used for the purchase, sale or

storage.

Bill 180 2024

Act to implement Budget measures and to enact and amend various statutes

CONTENTS

Contents

of this Act

Commencement

Short

title

Schedule 1

Building

Ontario Fund Act, 2024

Schedule 2

Estate

Administration Tax Act, 1998

Schedule 3

Financial

Administration Act

Schedule 4

Fuel

Tax Act

Schedule 5

Gasoline

Tax Act

Schedule 6

Liquor

Tax Act, 1996

Schedule 7

Ontario

Loan Act, 2024

Schedule 8

Pension

Benefits Act

Schedule 9

Taxation

Act, 2007

Schedule 10

Tobacco

Tax Act

His

Majesty, by and with the advice and consent of the Legislative Assembly of the

Province of Ontario, enacts as follows:

Contents

of this Act

1 This Act consists of this section, sections 2

and 3 and the Schedules to this Act.

Commencement

(1) Except as otherwise provided

in this section, this Act comes into force on the day it receives Royal Assent.

(2) The

Schedules to this Act come into force as provided in each Schedule.

(3) If

a

Schedule to this Act provides that any provisions are to come into force on a

day to be named by proclamation of the Lieutenant Governor, a proclamation may

apply to one or more of those provisions, and proclamations may be issued at

different times with respect to any of those provisions.

Short

title

3 The

short title of this Act is the Building a Better Ontario Act (Budget

Measures), 2024 .

SCHEDULE 1

BUILDING ONTARIO FUND ACT, 2024

CONTENTS

Definitions

Corporation

continued

Objects

Crown

agent

Board

of directors

Composition

of board, etc.

By-laws

Chief

Executive Officer

Employees

Powers

Investments,

etc.

Limit

on powers, approval of Minister

Limit

on location of infrastructure projects

Limit

re public interest

Limit

on powers re borrowing and managing financial risks

Loan

guarantees — limitation

Appropriation

Loans

to the Corporation

Revenue

Application

of certain Acts

Crown

liability

Corporation

liability

Proceedings

barred

Financial

records, etc.

Fiscal

year

Reports

Tabling

of annual report

Business

plans and reports

Other

reports

Policies

and directives by Minister

Audit

Winding

Regulations

Revocation

Commencement

Short

title

Definitions

this Act,

“Corporation”

means the Building Ontario Fund; (“Société”)

“Minister”

means the Minister of Finance or the minister of the Crown to whom the power

and duties under this Act are assigned or transferred under the Executive Council Act ; (“ministre”)

“qualified

institutional investor” means a financial institution, pension fund, investment

fund or any other entity prescribed by the regulations. (“investisseur

institutionnel admissible”)

Corporation

continued

(1) The

Bank and in French as Banque de l’infrastructure de l’Ontario is continued as a

corporation without share capital under the name Building Ontario Fund in

Members

of Corporation

(2) The

Corporation is composed of the members of its board of directors.

Same

(3) A

person ceases to be a member of the Corporation when the person ceases to be a

director.

Transition,

existing members of the board

(4) A

person who was a member of the board of directors immediately before the day

subsection 2 (1) of

Schedule 1 to the Building a Better

Ontario Act (Budget Measures), 2024 came into force may continue to hold

that position for the remainder of the person’s term.

Same

(5) Subject

to subsection 6 (6), a person who is a member of the board of directors under

subsection (4) of this

section is entitled to the same remuneration to which

that person was entitled as a member of the board immediately before the day

referred to in that subsection.

Objects

The

Corporation’s objects are,

(

a) to

invest and seek to attract investment from qualified institutional investors,

public sector entities, governments and Indigenous communities, with priority

given to Canadian investors, in Ontario infrastructure projects that will

generate revenue and that will be in the public interest by,

(

i) investing

in infrastructure and appropriately allocating risks amongst the Corporation

and other investors,

(ii) structuring

proposals and negotiating agreements with investors in infrastructure projects,

(iii) receiving

and assessing unsolicited ideas and proposals for infrastructure projects that

come from qualified institutional investors, public sector entities,

governments or Indigenous communities, and

(iv) providing

advisory services with respect to financing infrastructure projects, including

loan structures and areas of investment opportunity;

(

b) to

conduct such further activities, consistent with its objects, as are described

in any policies or directives issued by the Minister or as set out in any

agreement with the Minister; and

(

c) to

receive, hold, sell, invest and otherwise deal with its assets in carrying out

its objects.

Crown

agent

(1) Subject

to subsections (2) to (5), the Corporation is an agent of the Crown in right of

Ontario for all purposes.

Exception

— declaration

(2) The

Minister may declare in writing that the Corporation is not acting as an agent

of the Crown for the purpose of any of its contracts, securities or

instruments.

Effect

of declaration

(3) If

the Minister makes a declaration in accordance with subsection (2), the

Corporation shall be deemed not to be a Crown agent for the purposes of the

contract, security or instrument and the Crown is not liable for any

liabilities or obligations incurred by the Corporation under the contract,

security or instrument.

Exception

— Minister’s regulation

(4) The

Minister may, by regulation, provide that the Corporation is not acting as an

agent of the Crown for the purpose of any class of contracts, securities or

instruments.

Effect

of regulation

(5) If

the Minister makes a regulation under subsection (3), the Corporation shall be

deemed not to be a Crown agent for the purposes of that class of contract,

security or instrument and the Crown is not liable for any liabilities or

obligations incurred by the Corporation under that class of contract, security

or instrument.

Unpaid

judgments against the Corporation

(6) The

Minister shall pay from the Consolidated Revenue Fund the amount of any

judgment against the Corporation that remains unpaid after the Corporation has

made reasonable efforts, including liquidating assets, to pay the amount of the

judgment.

Exception

(7) Subsection

(6) does not apply to any judgment in respect of a contract, security or

instrument in respect of which a declaration is made under subsection (2) or to

which a regulation made under subsection (4) applies.

Limit

(8) A

declaration made under subsection (2) or a regulation made under subsection

(4) does not apply to any contract, security or instrument that is entered into,

issued or otherwise in force prior to the making of the declaration or

regulation.

Board

of directors

(1) The

board of directors of the Corporation shall be composed of at least three and

not more than 11 members.

Management

and supervision by board

(2) The

board of directors shall manage or supervise the management of the

Corporation’s affairs.

Composition

of board, etc.

(1) The

board of directors of the Corporation shall be appointed at pleasure by the

Lieutenant Governor in Council on the recommendation of the Minister.

Chair

and vice-chair

(2) On

the recommendation of the Minister, the Lieutenant Governor in Council shall

designate a chair from among the members of the board of directors and may

designate a vice-chair from among the members of the board of directors.

Same

(3) If

the chair is absent or unable to act, or if the office of the chair is vacant,

and a vice-chair has been designated, the vice-chair shall act as chair.

Same

(4) If

the chair is absent or unable to act and the vice-chair is absent or unable to

act or no vice-chair has been designated, the members present shall appoint an

acting chair from among themselves.

Quorum

(5) A

majority of the members constitutes a quorum of the board of directors.

Remuneration

and reimbursement

(6) The

members of the board of directors shall receive the remuneration and

reimbursement for reasonable expenses that the Lieutenant Governor in Council

determines.

By-laws

(1) Subject

to the Minister’s approval, the board of directors may pass by-laws and

resolutions regulating its proceedings and generally for the conduct and

management of the affairs of the Corporation.

Same

(2) Without

limiting the generality of subsection (1), the board of directors may pass

by-laws and resolutions to,

(

a) appoint

officers and assign to them such powers and duties as the board of directors

considers appropriate;

(

b) establish

committees of the board of directors and delegate powers and duties to such

committees;

(

c) govern

the remuneration and benefits of employees of the Corporation; and

(

d) effect

the orderly transaction of the business of the Corporation.

Continuation

of by-laws

(3) Despite

the revocation of Ontario Regulation 333/23 (Ontario Infrastructure Bank) made

under the Development Corporations Act , any by-law

made by the Corporation that was in effect immediately before the revocation is

continued.

Chief

Executive Officer

(1) The

board of directors shall appoint a Chief Executive Officer.

Same

(2) The

Chief Executive Officer is responsible for the operation of the Corporation,

subject to the supervision and direction of the board of directors.

Remuneration

and benefits

(3) The

Corporation shall pay such remuneration and benefits to the Chief Executive

Officer as is determined by the board of directors, subject to the Minister’s

approval.

Employees

(1) The

Corporation may employ or otherwise engage persons as it considers necessary

for the proper conduct of the business of the Corporation.

Agreements

for provision of services

(2) The

Corporation may enter into agreements with any minister of the Crown or chair

of a Crown agency for the provision of services to the Corporation by employees

of the Crown or employees of the Crown agency, as the case may be.

Pension

benefits

(3) The

Corporation may provide its eligible employees with pension benefits under the

Public Service Pension Plan if the Corporation is designated as an employer

under the Public Service Pension Act .

Remuneration

and benefits

(4) The

Corporation shall pay such remuneration and benefits to employees of the

Corporation as is determined by the board of directors, subject to the

Minister’s approval.

Powers

Except

as limited by this Act, the Corporation has the capacity, rights, powers and

privileges of a natural person for carrying out its objects.

Investments,

etc.

Without

limiting the generality of the Corporation’s powers under

section 10, the

Corporation may,

(

a) make

investments to carry out its objects, including by way of equity investment,

loan, acquiring a derivative or giving a guarantee; and

(

b) acquire

and hold, realize on or otherwise dispose of security or a security interest of

any kind, including any interest or rights in real property or personal

property as security for the due performance of any arrangement or agreement

with the Corporation, and retain and use the proceeds of disposition.

Limit

on powers, approval of Minister

(1) The

Corporation shall not, except with the approval of the Minister, acquire, hold

or dispose of any interest in real property.

Same

(2) Subsection

(1) does not apply with respect to investments made by the Corporation in

carrying out its objects under

section 3.

Limit

on location of infrastructure projects

The

Corporation shall not, except with the approval of the Minister, make an

investment or enter into any arrangement for the financing of a project that is

not entirely located within Ontario.

Limit

re public interest

14 The Corporation shall not enter into any arrangement for

the financing of a project with an investor whose interests do not align with

the Ontario public interest.

Limit

on powers re borrowing and managing financial risks

(1) The Corporation shall not borrow or manage

financial risks unless,

(

a) a

by-law of the Corporation authorizes the activity and the Minister has approved

the by-law; and

(

b) subject

to subsection (2), the Ontario Financing Authority co-ordinates and arranges

the activity.

Direction

of Minister of Finance

(2) The

Minister may in writing direct a person other than the Ontario Financing

Authority, including the Corporation, to perform the functions referred to in

clause (1) (b).

Same

(3) A

direction of the Minister under subsection (2) may be general or specific and

Non-application

of Legislation Act, 2006 ,

Part III

(4) Part

III (Regulations) of the Legislation Act, 2006 does

not apply to a direction issued under subsection (2).

Loan

guarantees — limitation

(1) The Corporation may provide loan guarantees

only in accordance with this section.

Same

(2) The

Corporation may recommend that the Minister approve a loan guarantee with

respect to an infrastructure project and if the Minister concurs with the

recommendation, the Minister may approve the loan guarantee.

Same

(3) Despite

subsection (2), the Corporation may provide a loan guarantee with respect to an

infrastructure project without the Minister’s approval if the value of the loan

guarantee provided by the Corporation is less than $200 million.

Appropriation

(1) The Lieutenant Governor in Council may

authorize the Minister to make advances to the Corporation in such amounts as

may be specified by the Lieutenant Governor in Council and at such times and on

Same

(2) The

money required for the purposes of subsection (1) shall be a charge on and

payable out of the Consolidated Revenue Fund.

Loans

to the Corporation

18 At the request of the Corporation, the Minister may lend

money to the Corporation out of the Consolidated Revenue Fund on any terms and

conditions that the Minister may fix.

Revenue

(1) The revenues of the Corporation shall be

deposited into accounts permitted by the Corporation’s by-laws and shall be

applied solely for carrying out the Corporation’s objects.

Status

of revenue and assets

(2) Despite

Part I of the Financial Administration Act , all

revenues and assets of the Corporation do not form part of the Consolidated

Revenue Fund.

Application

of certain Acts

(1) Section 132 (disclosure: conflict of

interest), subsection 134 (1) (standards of care, etc., of directors, etc.) and

section 136 (indemnification) of the Business Corporations

Act apply, with necessary modifications, to the Corporation and members

of its board of directors.

Same

(2) The

Not-for-Profit Corporations Act, 2010 and the Corporations Information Act do not apply to the

Corporation.

Crown

liability

personal liability

(1) No cause of action arises against any

current or former member of the Executive Council or officer, employee or agent

of the Crown for any act done in good faith in the exercise or performance, or

intended exercise or performance, of the person’s powers, duties or functions

under this Act or for any alleged neglect, default or other omission in the

exercise or performance in good faith of those powers, duties or functions.

Crown

remains vicariously liable

(2) Despite

subsection 8 (3) of the Crown Liability and Proceedings

Act, 2019 , subsection (1) of this

section does not relieve the Crown of

liability to which it would otherwise be subject as a result of the acts or

omissions of a person specified in subsection (1).

liability for acts or omissions of others

(3) No

cause of action arises against the Crown or any person specified in subsection

(1) for

an act or omission of a person other than the Crown or a person

specified in that subsection, if the act or omission is related, directly or

indirectly, to the exercise or performance, or intended exercise or performance,

of a power, duty or function under this Act.

Employment,

etc. with the Corporation

(4) If

a person who is an employee or agent of the Crown is employed in or assigned to

or otherwise performs duties directly for the Corporation, the person is deemed

to be an employee of the legal entity and not an employee or agent of the Crown

specified in subsection (1) in relation to the person’s acts or omissions

arising from the employment, assignment or performance for the purposes of this

section and sections 22 and 23 as well as any claim for vicarious liability.

Proceedings

by Crown not prevented

(5) This

section does not apply with respect to proceedings brought by the Crown.

Corporation

liability

personal liability

(1) No cause of action arises against any

current or former director, officer, employee or agent of the Corporation for

any act done in good faith in the exercise or performance, or intended exercise

or performance, of the person’s powers, duties or functions under this Act or

for any alleged neglect, default or other omission in the exercise or

performance in good faith of those powers, duties or functions.

Corporation

vicariously liable

(2) Subsection

(1) does not relieve the Corporation of liability to which it would otherwise

be subject as a result of the acts or omissions of a person specified in

subsection (1).

Proceedings

by Crown not prevented

(3) This

section does not apply with respect to proceedings brought by the Crown.

Proceedings

barred

(1) No proceeding shall be commenced,

(

a) against

any person specified in subsection 21 (1) in respect of a matter referred to in

that subsection;

(

b) against

the Crown or any person specified in subsection 21 (1) in respect of a matter

referred to in subsection 21 (3); or

(

c) against

any person specified in subsection 22 (1) in respect of a matter referred to in

that subsection.

Same

(2) Subsection

(1) does not apply with respect to an application for judicial review, but does

apply with respect to any other court, administrative or arbitral proceeding

claiming any remedy or relief, including specific performance, an injunction,

declaratory relief, a remedy in contract, restitution, unjust enrichment or

tort, a remedy for breach of trust or fiduciary obligation or any equitable

remedy, enforcement of a judgment, order or award made outside Ontario or any

form of compensation or damages including loss of revenue or profit.

Proceedings

by Crown not prevented

(3) This

section does not apply with respect to proceedings brought by the Crown.

Financial

records, etc.

(1) The Corporation shall maintain financial

records for the Corporation and shall establish financial, management and

information systems that will enable the Corporation to prepare financial

statements in accordance with generally accepted accounting principles.

Inspection

(2) Upon

the request of the Minister, the Corporation shall promptly make its financial

records available for inspection.

Fiscal

year

25 The Corporation’s fiscal year begins on April 1 in each

year and ends on March 31 in the following year.

Reports

(1) The Corporation shall, on a frequency

identified by the Minister, report on its progress in achieving performance

targets and standards as set by the Minister.

Annual

report

(2) The

Corporation shall prepare an annual report, provide it to the Minister no later

than 120 days after the end of the Corporation’s fiscal year and make it

available to the public.

Directives

re annual report

(3) The

Corporation shall comply with such directives as may be issued by the

Management Board of Cabinet with respect to,

(

a) the

form and content of the annual report; and

(

b) when

and how to make it available to the public.

Additional

content

(4) The

Corporation shall include such additional content in the annual report as the

Minister may require.

Tabling

of annual report

27 The Minister shall table the Corporation’s annual report in

the Assembly and shall comply with such directives as may be issued by the

Management Board of Cabinet with respect to when to table it.

Business

plans and reports

(1) At least six months before the beginning of

each fiscal year or by a date specified by the Minister, the Corporation shall

prepare and provide to the Minister for the Minister’s approval a business plan

described in subsection (2) and such reports as the Minister may require.

Same

(2) The

business plan must be based on a five-year cycle and contain,

(

a) the

Corporation’s proposed operating budget for the fiscal year and the next two

fiscal years;

(

b) the

Corporation’s projected revenues and their sources;

(

c) the

Corporation’s performance targets for the next fiscal year; and

(

d) any

other information required by the Minister.

Other

reports

29 The Minister may require the Corporation to provide other

reports on such topics as the Minister specifies.

Policies

and directives by Minister

(1) The Minister may issue policies and

directives in writing to the board of directors of the Corporation on matters

relating to the exercise of its powers or duties.

Implementation

of policies and directives

(2) The

board shall, through the Corporation, ensure that the policies and directives

issued to the Corporation are implemented promptly and efficiently.

Audit

(1) The Corporation’s board of directors shall

appoint one or more licensed public accountants to audit the accounts and

transactions of the Corporation for the previous fiscal year.

Auditor

General

(2) The

Auditor General may also audit the accounts and transactions of the Corporation

for any fiscal year.

Minister-appointed

auditor

(3) The

Minister may at any time appoint a licensed public accountant, other than the

person appointed under subsection (1), to audit the accounts and transactions

of the Corporation for any period of time specified by the Minister.

Winding

32 If the Lieutenant Governor in Council considers it to be in

the public interest to wind up the affairs of the Corporation, the Minister may

do all things necessary to accomplish that, including dealing with the assets

of the Corporation by,

(

a) liquidating

or selling the assets and paying the proceeds into the Consolidated Revenue

Fund; or

(

b) transferring

the assets to the Crown or another agency of the Crown.

Regulations

(1) The Lieutenant Governor in Council may make

regulations respecting any matter necessary or advisable to carry out

effectively the intent and purpose of this Act and without limiting the

generality of the foregoing, may make regulations,

(

a) prescribing

anything referred to in this Act as being prescribed by the regulations;

(

b) governing

the manner in which the Corporation carries out its objects.

Same,

Minister

(2) The

Minister may make regulations with respect to any matter that, in this Act, is

described as being done by a regulation made by the Minister.

Revocation

34 Ontario Regulation 333/23 is revoked.

Commencement

35 The Act set out in this

Schedule comes into force on the

day the Building a Better Ontario Act (Budget Measures),

2024 receives Royal Assent.

Short

title

36 The

short title of the Act set out in this

Schedule is

the Building Ontario Fund Act, 2024 .

SCHEDULE 2

ESTATE ADMINISTRATION TAX ACT, 1998

Clause (

b) of the definition of “estate certificate” in subsection 1 (1) of the

Estate Administration Tax Act, 1998 is amended by

adding “including a small estate certificate or an amended small estate

certificate” after “1994”.

Commencement

This

Schedule comes into force on the day the Building a

Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

SCHEDULE 3

FINANCIAL ADMINISTRATION ACT

(1) Section 23 of the Financial Administration

Act is amended by adding the following subsection:

Exception

(1.1) Despite

subsection (1) and in addition to all money authorized to be raised by way of

loan by this or any other Act, the Minister of Finance may borrow, from time to

time, such sums as are required for the following purposes if the amounts

borrowed will be repaid within one day:

1. To

discharge any indebtedness or obligation of Ontario.

2. To

make any payment authorized or required by any Act to be made out of the

Consolidated Revenue Fund.

(2) Subsection

23 (2) of the Act is amended by adding “or (1.1)” after “subsection (1)”.

Commencement

This

Schedule comes into force on the day the Building a

Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

SCHEDULE 4

FUEL TAX ACT

Clause 2 (1.1) (

a) of the Fuel Tax Act is repealed

and the following substituted:

(

a) the

tax is payable during the period beginning on July 1, 2022 and ending on

December 31, 2024; or

Commencement

This

Schedule comes into force on the day the Building a

Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

SCHEDULE 5

GASOLINE TAX ACT

Clause 2 (1.1) (

a) of the Gasoline Tax Act is

repealed and the following substituted:

(

a) the

tax is payable during the period beginning on July 1, 2022 and ending on

December 31, 2024; or

Commencement

This

Schedule comes into force on the day the Building a

Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

SCHEDULE 6

LIQUOR TAX ACT, 1996

(1) Subsection 27 (1) of the Liquor Tax Act,

1996 is repealed.

(2) If

the Building a Better Ontario Act (Budget Measures), 2024

receives Royal Assent after April 1, 2024,

section 27 of the Act is amended by

adding the following subsection:

Transition

(2.2) If

a purchaser has paid, on or after April 1, 2024, an amount in respect of the

basic tax on wine and wine cooler under subsection (1), as it read immediately

before the day the Building a Better Ontario Act (Budget

Measures), 2024 receives Royal Assent, the following rules apply:

1. The

amount paid is deemed not to have been paid as tax.

2. The

amount paid is deemed to have been paid as part of the purchase price otherwise

owing in respect of the wine or wine cooler.

Commencement

This

Schedule comes into force on the later of April 1, 2024 and the day Building a Better Ontario Act (Budget Measures), 2024

receives Royal Assent.

SCHEDULE 7

ONTARIO LOAN ACT, 2024

Borrowing

authorized

(1) The

Lieutenant Governor in Council may borrow in any manner provided by the Financial Administration Act such sums, not exceeding a

total aggregate amount of $15.9 billion, as are considered necessary to

discharge any indebtedness or obligation of Ontario or to make any payment

authorized or required by any Act to be made out of the Consolidated Revenue Fund.

Other

Acts

(2) The

authority to borrow conferred by this Act is in addition to that conferred by

any other Act.

Expiry

(1) No

order in council authorizing borrowing authorized under this Act shall be made

after December 31, 2026.

Same

(2) The

Crown shall not borrow money after December 31, 2027 under the authority of an

order in council that authorizes borrowing under this Act unless, on or before

December 31, 2027,

(

a) the

Crown has entered into an agreement to borrow the money under the order in

council; or

(

b) the

Crown has entered into an agreement respecting a borrowing program and the

agreement enables the Crown to borrow up to a specified limit under the order

in council.

Commencement

The Act

set out in this

Schedule comes into force on the day the Building

a Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

Short

title

The

short title of the Act set out in this

Schedule is the Ontario Loan Act, 2024 .

SCHEDULE 8

PENSION BENEFITS ACT

(1) Section 10 of the Pension Benefits Act

is amended by adding the following subsections:

Plans

that provide target benefits — written policies

(5) The

documents that create and support a pension plan that provides any target

benefits shall also set out the pension plan’s funding and benefits policy, its

governance policy and its communications policy.

Conversions

by existing pension plans

(6) If

some or all of the benefits provided by a multi-employer pension plan that was

registered before the day subsection 1 (1) of

Schedule 8 to the Building a Better Ontario Act (Budget Measures), 2024

comes into force are converted to target benefits, the administrator of the

pension plan shall, within the prescribed time, file with the Chief Executive

Officer the pension plan’s funding and benefits policy, its governance policy

and its communications policy.

Other

conversions

(7) If

some or all of the benefits provided by a multi-employer pension plan that is

registered on or after the day subsection 1 (1) of

Schedule 8 to the Building a Better Ontario Act (Budget Measures), 2024

comes into force are converted to target benefits, the administrator of the

pension plan shall, within the prescribed time, file with the Chief Executive

Officer the pension plan’s funding and benefits policy, its governance policy

and its communications policy.

Requirements

(8) The

policies referred to in subsection (5) must satisfy such requirements and

contain such information as may be prescribed, and must be reviewed in

accordance with the regulations.

(2) Subsection

10 (8) of the Act, as enacted by subsection (1), is repealed and the following

substituted:

Plans

that do not provide target benefits — written policies

(8) The

documents that create and support a pension plan that does not provide any

target benefits shall also set out the pension plan’s funding policy and its

governance policy.

Same,

existing pension plans

(9) The

administrator of a pension plan described in subsection (8) that applied for

registration before the day subsection 1 (2) of

Schedule 8 to the Building a Better Ontario Act (Budget Measures), 2024

comes into force shall, within the prescribed time, file with the Chief

Executive Officer the pension plan’s funding policy and its governance policy.

Requirements

(10) The

policies referred to in subsections (5) and (8) must satisfy such requirements

and contain such information as may be prescribed, and must be reviewed in

accordance with the regulations.

(1) Paragraph 1 of subsection 39.2 (1) of the Act is repealed and

the following substituted:

1. The

pension plan is a multi-employer pension plan established pursuant to a

collective agreement or a trust agreement.

(2) Paragraph 3.1 of subsection 39.2

(1) of the Act is repealed and the following substituted:

3.1 The

benefit is determined in part with reference to the value of the assets of the

pension fund, except as provided by the regulations. The benefit must satisfy

this criterion both before and after the payments of the pension begin.

(3) Paragraph

4 of subsection 39.2 (1) of the Act is repealed and the following substituted:

4. Except at the time a newly established pension plan is

registered under this Act as providing target benefits , the benefit, if accrued, was converted to a target benefit

in accordance with

section 81.0.2.

(4) Paragraph

6 of subsection 39.2 (1) of the Act is repealed and the following substituted:

6. The

administrator is authorized under the pension plan to reduce the benefit after

it has accrued, both while the plan is ongoing and upon wind up.

(5) Subsection

39.2 (4) of the Act is repealed and the following substituted:

Reduction

of target benefits

(4) The

regulations may specify circumstances in which a target benefit must be

reduced.

Same

(5) The

regulations may prescribe rules relating to how a target benefit is to be

reduced, including prescribing any restrictions, limitations or conditions on

the reduction.

Failure

to satisfy criteria

(6) If

one or more of the criteria specified in subsection (1) are no longer

satisfied, such that the benefit provided by a pension plan ceases to be a

target benefit, the prescribed requirements apply.

Clause 79.1 (3) (

a) of the Act is amended by striking out “80”.

Section 79.2 of the Act is amended by adding the following subsection:

Conditions

re target benefits

(4.1) If

any of the assets to be transferred relate to the provision of target benefits

in the original pension plan, the transferred assets must be used to provide

target benefits in the successor pension plan at the effective date, in accordance

with such requirements as may be prescribed.

(1) Subsection 81.0.2 (2) of the Act is amended by adding the

following paragraphs:

1.1 The

pension plan is a multi-employer pension plan established pursuant to a

collective agreement or a trust agreement.

1.2 The

benefits proposed to be converted are determined in part with reference to the

value of the assets of the pension fund, except as provided by the regulations.

The benefits must satisfy this criterion both before and after the payments of

the pension begin.

(2) Paragraph

3 of subsection 81.0.2 (2) of the Act is repealed and the following

substituted:

3. The

administrator is authorized under the pension plan to reduce the benefits

proposed to be converted after they have accrued, both while the plan is

ongoing and upon wind up.

(3) Section

81.0.2 of the Act is amended by adding the following subsection:

Same

(2.2) Despite

subsection (2.1), in the case of a designated multi-jurisdictional pension plan

that was registered in a designated jurisdiction immediately before it was

registered in Ontario, benefits shall not be converted to target benefits unless

the administrator’s application for consent under subsection (12) is made

before the fifth anniversary of the day on which the plan was most recently

registered in Ontario.

(4) Subsections

81.0.2 (6) to (8) of the Act are repealed.

(5) Subsection 81.0.2 (9) of the Act

is repealed and the following substituted:

Requirement

re consultation

(9) The

administrator shall consult in good faith about the proposed conversion, in

accordance with such requirements as may be prescribed, with,

(

a) any

trade union that represents members of the pension plan; and

(

b) any

other association that, to the knowledge of the administrator, represents

members, former members or retired members of the pension plan in negotiating

in respect of plan terms.

(6) Subsections

81.0.2 (10) and (13) of the Act are repealed.

(7) Paragraphs

1 and 2 of subsection 81.0.2 (14) of the Act are repealed.

(8) Paragraph

4 of subsection 81.0.2 (14) of the Act is repealed and the following

substituted:

4. The

administrator has consulted with trade unions and associations in accordance

with subsection (9).

(9) Paragraph

5 of subsection 81.0.2 (14) of the Act is repealed.

(10) Section

81.0.2 of the Act is amended by adding the following subsection:

Effective

date

(14.1) The

effective date of the conversion must satisfy such requirements as may be

prescribed.

The Act is amended by adding the following section:

Request

for information, target benefits

98.2

(1) In the

case of a pension plan that provides target benefits, if the Chief Executive

Officer requests, the administrator of the plan or other prescribed person

shall provide the Chief Executive Officer with any information that the Chief

Executive Officer specifies for the purpose of ascertaining whether the

provision for adverse deviations, as set out in a report filed with the Chief

Executive Officer, complies with the requirements of this Act and the

regulations.

Same

(2) The

Chief Executive Officer may specify the time within which the information is to

be provided.

Progress

on the Plan to Build Act (Budget Measures), 2022

Subsections

1 (2) and (3) of

Schedule 7 to the Progress on the Plan to

Build Act (Budget Measures), 2022 are repealed.

Protect,

Support and Recover from COVID-19 Act (Budget Measures), 2020

Subsections 18 (2) and 21 (1) of

Schedule 37 to the Protect,

Support and Recover from COVID-19 Act (Budget Measures), 2020 are

repealed.

Stronger,

Fairer Ontario Act (Budget Measures), 2017

Section 29 of

Schedule 33 to the Stronger, Fairer Ontario

Act (Budget Measures), 2017 is repealed.

Commencement

(1) Except as otherwise provided in this section, this

Schedule

comes into force on the day it receives Royal Assent.

(2) Subsections

1 (1), 2 (1) and (3) to (5) and sections 4 and 6 come into force on the later

of the day

section 17 of

Schedule 33 to the Stronger,

Fairer Ontario Act (Budget Measures), 2017 comes into force and the day

the Building a Better Ontario Act (Budget Measures), 2024

receives Royal Assent.

(3) Subsection

2 (2) comes into force on the later of the day subsection 6 (2) of

Schedule 37

to the Protect, Support and Recover from COVID-19 Act

(Budget Measures), 2020 comes into force and the day the Building a Better Ontario Act (Budget Measures), 2024

receives Royal Assent.

(4) Section

3 comes into force on the later of the day

section 16 of

Schedule 37 to the Protect, Support and Recover from COVID-19 Act (Budget

Measures), 2020 comes into force and the day the Building

a Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

(5) Section

5 comes into force on the later of the day

section 33 of

Schedule 33 to the Stronger, Fairer Ontario Act (Budget Measures), 2017

comes into force and the day the Building a Better Ontario

Act (Budget Measures), 2024 receives Royal Assent.

(6) Subsection

1 (2) comes into force on a day to be named by proclamation of the Lieutenant

Governor.

SCHEDULE 9

TAXATION ACT, 2007

(1) Subsection 90 (4) of the Taxation Act, 2007

is amended by striking out the portion before “A” and substituting the

following:

Eligible

labour expenditure

(4) If

a qualifying corporation incurred any specified labour costs in respect of an

eligible production before March 26, 2024, the eligible labour expenditure of

the qualifying corporation in respect of that eligible production for a

taxation year is the amount, if any, by which “A” exceeds “B” where,

(2) Section

90 of the Act is amended by adding the following subsection:

Same

(4.1) If

a qualifying corporation did not incur any specified labour costs in respect of

an eligible production before March 26, 2024, the eligible labour expenditure

of the qualifying corporation in respect of that eligible production for a taxation

year is the amount, if any, by which “A” exceeds “B” where,

“A” is

the corporation’s Ontario labour expenditure for the year or the previous

taxation year for eligible computer animation and special effects activities in

respect of the eligible production, determined without reference to any equity

investment in the production held by a Canadian government film agency; and

“B” is

the sum of,

(

a) all

amounts, each of which is the corporation’s eligible labour expenditure

incurred in the previous taxation year in respect of the production and claimed

under this

section for that year; and

(

b) an amount in respect of assistance

relating to expenditures with respect to the eligible production, other than

excluded government assistance, that, on the qualifying corporation’s filing

due date for the year, the qualifying corporation or any other person or

partnership has received, is entitled to receive or may reasonably expect to

receive, equal to the sum of,

(

i) the

amount of the assistance directly attributable to the portion of the Ontario

labour expenditure referred to in the definition of “A” that was not included

in “B” for a previous taxation year, and

(ii) the

amount determined by multiplying the amount of the assistance that is not

directly attributable to the portion of the Ontario labour expenditure referred

to in the definition of “A” and that was not included in “B” for a previous

taxation year by the ratio of the amount of that portion of the Ontario labour

expenditure in respect of the production to the amount of the prescribed cost

of eligible computer animation and special effects activities of the eligible

production.

(3) Subsection

90 (9) of the Act is amended by adding the following clause:

(a.1) the

production is not an eligible production;

(4) Subsection

90 (11) of the Act is amended by adding the following definition:

“alternative means” means a means of making a

film or television production commercially available for viewing by the public

via download or streaming over the Internet, via video-on-demand or on physical

media; (“autre moyen”)

(5) The

definition of “eligible production” in subsection 90 (11) of the Act is

repealed and the following substituted:

“eligible

production” means a film or television production that satisfies the

requirements set out in subsection (11.1) or (11.2); (“production admissible”)

(6) Subsection

90 (11) of the Act is amended by adding the following

definitions:

“specified

labour cost” means an amount in respect of a production that would be included

in the determination of a qualifying corporation’s Ontario labour expenditure

if the production were deemed to be an eligible production; (“coût en

main-d’œuvre déterminé”)

“television

broadcast” means the scheduled transmission of a film or television production

for reception by the public by a broadcasting undertaking, as defined in the Broadcasting Act (Canada), but not by an undertaking for

the transmission or retransmission over the Internet for reception by the

public; (“télédiffusion”)

“theatrical

distribution” means an arrangement with a distributor to have a film or

television production shown commercially in cinemas for viewing by the paying

public; (“distribution en salles”)

(7) Section

90 of the Act is amended by adding the following subsections:

Eligible

production

(11.1) A

film or television production for which specified labour costs were incurred

before March 26, 2024 is an eligible production if it,

(

a) is

produced for commercial exploitation;

(

b) is

not,

(

i) news,

current events or public affairs programming, or a programme that includes

weather or market reports,

(ii) a

talk show,

(iii) a

production in respect of a game, questionnaire or contest (other than a

production directed primarily at minors),

(iv) a

sports event or activity,

(

v) a

gala presentation or an awards show,

(vi) a

production that solicits funds,

(vii) reality

television,

(viii) pornography,

(ix) advertising,

(

x) a

production produced primarily for industrial, corporate or institutional

purposes, or

(xi) a

production, other than a documentary, all or substantially all of which

consists of stock footage;

(

c) is

not a production for which, in the opinion of the Minister of Culture, public

financial support would be contrary to public policy; and

(

d) is

a production in respect of which a certificate has been issued to a qualifying

corporation under subsection 91 (15) or 92 (8), if no eligible expenditure in

respect of the production is incurred on or before April 23, 2015.

Same

(11.2) A

film or television production for which no specified labour costs were incurred

before March 26, 2024 is an eligible production if it,

(

a) consists

solely of non-interactive audiovisual content that is either a single

instalment or a group of two or more episodes;

(

b) is

produced for commercial exploitation by means of one or more of,

(

i) a

theatrical distribution,

(ii) a

television broadcast, or

(iii) an

alternative means;

(

c) is

not,

(

i) news,

current events or public affairs programming, or a programme that includes

weather or market reports,

(ii) a

talk show,

(iii) a

production in respect of a game, questionnaire or contest (other than a

production directed primarily at minors),

(iv) a

sports event or activity,

(

v) a

gala presentation or an awards show,

(vi) a

production that solicits funds,

(vii) reality

television,

(viii) pornography,

(ix) advertising,

(

x) a

production produced primarily for industrial, corporate or institutional

purposes,

(xi) a

production, other than a documentary, all or substantially all of which

consists of stock footage,

(xii) an

instructional production, including instructional videos or tutorials related

to cooking, crafting, renovating, beauty, fitness, parenting, careers or

finance,

(xiii) a

review or a commentary, opinion or advice video,

(xiv) educational

content related to a curriculum or course of study, other than a production

directed primarily at children under the age of 12,

(xv) a

vlog, travelogue, video journal or diary, home movie or a production that

primarily consists of recreational content,

(xvi) a

music video,

(xvii) a

production in respect of esports, gaming, or gambling,

(xviii) a

prank video,

(xix) a

speech, sermon, presentation or discourse,

(xx) coverage

of a conference, gathering, ceremony or event,

(xxi) a

production that primarily consists of content from another film or television

production or an interactive digital media production previously released to

the public, or

(xxii) a

production all or substantially all of which consists of user-generated

footage;

(

d) is

not a production for which, in the opinion of the Minister of Culture, public

financial support would be contrary to public policy; and

(

e) is

a production for which,

(

i) the

specified labour costs of the qualifying corporation in respect of the

production for the taxation year exceed $25,000,

(ii) the

combined specified labour costs of the qualifying corporation in respect of the

production for the taxation year and the previous taxation year exceed $25,000,

(iii) the

specified labour costs of the qualifying corporation in respect of the

production for any previous two-year taxation period exceeded $25,000.

Commencement

This

Schedule comes into force on the day the Building a

Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

SCHEDULE 10

TOBACCO TAX ACT

(1) Clause 29 (13) (

a) of the Tobacco Tax Act

is amended by striking out “$10,000” and substituting “$75,000” and by striking

out “of not less than an amount equal to three times” and substituting “of not

more than an amount equal to five times”.

(2) Section

29 of the Act is amended by adding the following subsections:

Offence,

possession, etc., if person has control over place of purchase, etc.

(13.1) Every

person who contravenes subsection (1) is guilty of an offence and, if the

person is found to be in possession of or to have purchased or received 100,000

or more unmarked cigarettes or 100,000 grams or more of unmarked fine cut tobacco

at a place used for the purchase, sale or storage of the cigarettes or tobacco

that is controlled, directly or indirectly, by that person, on conviction is

liable to,

(

a) a

fine of not less than $10,000 and not more than $100,000 and an additional fine

of not less than an amount equal to five times the tax that would be payable

under

section 2 by a consumer purchasing the same quantity of cigarettes or

fine cut tobacco; and

(

b) a

term of imprisonment of not more than two years, in addition to the fine and

additional fine under clause (a).

Same,

in transit to or from place of purchase, etc.

(13.2) Subsection

(13.1) also applies when the person is found to be in possession of the

cigarettes or tobacco while in transit to or from the place described in that subsection.

(3) Paragraph

1 of subsection 29 (14) of the Act is amended by striking out “$100” and

substituting “$200” and by striking out “equal to three times” and substituting

“up to three times”.

(4) Paragraph

2 of subsection 29 (14) of the Act is amended by striking out “$250” and

substituting “$500” and by striking out “equal to three times” and substituting

“up to three times”.

(5) Paragraph

3 of subsection 29 (14) of the Act is amended by striking out “$500” and

substituting “$1,000” and by striking out “equal to three times” and

substituting “up to three times”.

(6) Clause

29 (15) (

a) of the Act is amended by striking out “$500 and not more than

$10,000 and an additional fine of not less than an amount equal to three times”

and substituting “$1,000 and not more than $50,000 and an additional fine of not

more than an amount equal to four times”.

(7) Paragraph

1 of subsection 29 (16) of the Act is amended by striking out “$100 and an

additional fine equal to three times” and substituting “$200 and an additional

fine up to three times”.

(8) Paragraph

2 of subsection 29 (16) of the Act is amended by striking out “$250 and an

additional fine equal to three times” and substituting “$500 and an additional

fine up to three times”.

(9) Paragraph

3 of subsection 29 (16) of the Act is amended by striking out “$500 and an

additional fine equal to three times” and substituting “$1,000 and an

additional fine up to three times”.

(10) Clause

29 (17) (

a) of the Act is amended by striking out “$500 and not more than

$10,000 and an additional fine of not less than an amount equal to three times”

and substituting “$1,000 and not more than $50,000 and an additional fine of not

more than an amount equal to four times”.

Commencement

This

Schedule comes into force on the day the Building a

Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

Bill 180 Original (PDF)

EXPLANATORY

NOTE

SCHEDULE 1

BUILDING ONTARIO FUND ACT, 2024

The

Building Ontario Fund Act, 2024 is enacted. The Act

continues Ontario Infrastructure Bank as a corporation without share capital

construction in French.

The

Act includes provisions respecting the Corporation’s objects, the composition

of the board of directors, by-law making provisions, the Chief Executive

Officer and employees of the Corporation, the powers of the Corporation and

requirements relating to financial record-keeping, annual and other reports,

and audits.

SCHEDULE 2

ESTATE ADMINISTRATION TAX ACT, 1998

technical amendment is made to the definition of “estate certificate” in the Estate Administration Tax Act, 1998 to include references

to small estate certificates.

SCHEDULE 3

FINANCIAL ADMINISTRATION ACT

Section

23 of the Financial Administration Act is amended

to provide for an exception to the rules governing temporary bank loans in

respect of certain short-term loans.

SCHEDULE 4

FUEL TAX ACT

Clause

2 (1.1) (

a) of the Fuel Tax Act currently provides

for a reduction of the tax payable by purchasers of clear fuel if the tax is

payable during the period beginning on July 1, 2022 and ending on June 30,

2024. The clause is amended to provide that the period ends on December 31,

SCHEDULE 5

GASOLINE TAX ACT

Clause

2 (1.1) (

a) of the Gasoline Tax Act currently

provides for a reduction of the tax payable by purchasers of gasoline if the

tax is payable during the period beginning on July 1, 2022 and ending on June

30, 2024. The clause is amended to provide that the period ends on December 31,

SCHEDULE 6

LIQUOR TAX ACT, 1996

The

Schedule repeals subsection 27 (1) of the Liquor Tax Act,

1996 , which sets a basic tax rate of 6.1 per cent of the retail price on

Ontario wine or wine cooler that is purchased from an onsite winery retail

store. Transition rules are also provided with respect of any payments of the

tax in the event that the Building a Better Ontario Act

(Budget Measures), 2024 receives Royal Assent after April 1, 2024.

SCHEDULE 7

ONTARIO LOAN ACT, 2024

The

Ontario Loan Act, 2024 is enacted. Subsection 1

(1) of the Act authorizes the Crown to borrow a maximum of $15.9 billion.

SCHEDULE 8

PENSION BENEFITS ACT

Unproclaimed

provisions in the Pension Benefits Act relating to

target benefits are amended and new provisions are added. Here are some

highlights:

1. Currently,

unproclaimed provisions in

section 10 of the Act govern the requirement for the

documents that create and support a pension plan to set out certain written

policies. Those provisions are re-enacted to add further requirements in

respect of written policies that relate to plans that provide target benefits.

Transitional rules are also provided for.

2. Currently,

unproclaimed

section 39.2 of the Act governs target benefits, including setting

out criteria that must be satisfied for a benefit to be a target benefit. The

Schedule makes various amendments to some of the existing criteria. In

addition, new subsection 39.2 (6) provides that if one or more of the criteria

are no longer satisfied, such that the benefit ceases to be a target benefit,

the prescribed rules apply.

3. Changes

are also made to unproclaimed

section 81.0.2 of the Act, which sets out

requirements relating to proposals to convert certain benefits provided by a

multi-employer pension plan to target benefits. In particular, provisions

related to the giving of notices of a proposed conversion and of an application

for consent are repealed, and the requirement on administrators to consult with

trade unions about the proposed conversion is changed to also include a

requirement to consult with certain associations. In addition, new subsection

81.0.2 (2.2) sets out a 5-year time limit on conversions in respect of certain

designated multi-jurisdictional pension plans.

4. New

section 98.2 of the Act provides that, in the case of a pension plan that

provides target benefits, if the Chief Executive Officer requests, the plan

administrator or other prescribed person is required to provide any information

for the purpose of ascertaining whether the provision for adverse deviations

set out in a filed report complies with the Act and the regulations.

SCHEDULE 9

TAXATION ACT, 2007

The

Schedule amends the requirements set out in the Taxation

Act, 2007 that determine whether a production is eligible for the

Ontario Computer Animation and Special Effects Tax Credit.

SCHEDULE 10

TOBACCO TAX ACT

The

Schedule makes various amendments to

section 29 of the Tobacco

Tax Act .

Currently,

subsections 29 (13) to (17) provide for a fine of a specified amount or within

a range of amounts as well as an additional fine of a fixed or minimum amount

when a person contravenes subsection 29 (1) or (2), as the case may be. These

subsections are amended to increase the specified amount or the range of

amounts of the fine and to set a maximum amount with respect to the additional

fine.

The

new subsection 29 (13.1) sets out a new offence when a person contravenes

subsection 29 (1) and is found to be in possession of or to have purchased or

received 100,000 or more unmarked cigarettes or 100,000 grams or more of

unmarked fine cut tobacco at a place used for the purchase, sale or storage of

the cigarettes or tobacco that is controlled, directly or indirectly, by that

person. This new subsection also provides for a minimum fine.

Under

the new subsection 29 (13.2), the offence set out in subsection 29 (13.1) also

applies when the person is found to be in possession of the cigarettes or

tobacco while in transit to or from the place used for the purchase, sale or

storage.

Bill 180 2024

Act to implement Budget measures and to enact and amend various statutes

CONTENTS

Contents

of this Act

Commencement

Short

title

Schedule 1

Building

Ontario Fund Act, 2024

Schedule 2

Estate

Administration Tax Act, 1998

Schedule 3

Financial

Administration Act

Schedule 4

Fuel

Tax Act

Schedule 5

Gasoline

Tax Act

Schedule 6

Liquor

Tax Act, 1996

Schedule 7

Ontario

Loan Act, 2024

Schedule 8

Pension

Benefits Act

Schedule 9

Taxation

Act, 2007

Schedule 10

Tobacco

Tax Act

His

Majesty, by and with the advice and consent of the Legislative Assembly of the

Province of Ontario, enacts as follows:

Contents

of this Act

1 This Act consists of this section, sections 2

and 3 and the Schedules to this Act.

Commencement

(1) Except as otherwise provided

in this section, this Act comes into force on the day it receives Royal Assent.

(2) The

Schedules to this Act come into force as provided in each Schedule.

(3) If

a

Schedule to this Act provides that any provisions are to come into force on a

day to be named by proclamation of the Lieutenant Governor, a proclamation may

apply to one or more of those provisions, and proclamations may be issued at

different times with respect to any of those provisions.

Short

title

3 The

short title of this Act is the Building

a Better Ontario Act (Budget Measures), 2024 .

SCHEDULE 1

BUILDING ONTARIO FUND ACT, 2024

CONTENTS

Definitions

Corporation

continued

Objects

Crown

agent

Board

of directors

Composition

of board, etc.

By-laws

Chief

Executive Officer

Employees

Powers

Investments,

etc.

Limit

on powers, approval of Minister

Limit

on location of infrastructure projects

Limit

re public interest

Limit

on powers re borrowing and managing financial risks

Loan

guarantees — limitation

Appropriation

Loans

to the Corporation

Revenue

Application

of certain Acts

Crown

liability

Corporation

liability

Proceedings

barred

Financial

records, etc.

Fiscal

year

Reports

Tabling

of annual report

Business

plans and reports

Other

reports

Policies

and directives by Minister

Audit

Winding

Regulations

Revocation

Commencement

Short

title

Definitions

this Act,

“Corporation”

means the Building Ontario Fund; (“Société”)

“Minister”

means the Minister of Finance or the minister of the Crown to whom the power

and duties under this Act are assigned or transferred under the Executive Council Act ; (“ministre”)

“qualified

institutional investor” means a financial institution, pension fund, investment

fund or any other entity prescribed by the regulations. (“investisseur

institutionnel admissible”)

Corporation

continued

(1) The

Bank and in French as Banque de l’infrastructure de l’Ontario is continued as a

corporation without share capital under the name Building Ontario Fund in

Members

of Corporation

(2) The

Corporation is composed of the members of its board of directors.

Same

(3) A

person ceases to be a member of the Corporation when the person ceases to be a

director.

Transition,

existing members of the board

(4) A

person who was a member of the board of directors immediately before the day

subsection 2 (1) of

Schedule 1 to the Building a Better

Ontario Act (Budget Measures), 2024 came into force may continue to hold

that position for the remainder of the person’s term.

Same

(5) Subject

to subsection 6 (6), a person who is a member of the board of directors under

subsection (4) of this

section is entitled to the same remuneration to which

that person was entitled as a member of the board immediately before the day

referred to in that subsection.

Objects

The

Corporation’s objects are,

(

a) to

invest and seek to attract investment from qualified institutional investors,

public sector entities, governments and Indigenous communities, with priority

given to Canadian investors, in Ontario infrastructure projects that will

generate revenue and that will be in the public interest by,

(

i) investing

in infrastructure and appropriately allocating risks amongst the Corporation

and other investors,

(ii) structuring

proposals and negotiating agreements with investors in infrastructure projects,

(iii) receiving

and assessing unsolicited ideas and proposals for infrastructure projects that

come from qualified institutional investors, public sector entities,

governments or Indigenous communities, and

(iv) providing

advisory services with respect to financing infrastructure projects, including

loan structures and areas of investment opportunity;

(

b) to

conduct such further activities, consistent with its objects, as are described

in any policies or directives issued by the Minister or as set out in any

agreement with the Minister; and

(

c) to

receive, hold, sell, invest and otherwise deal with its assets in carrying out

its objects.

Crown

agent

(1) Subject

to subsections (2) to (5), the Corporation is an agent of the Crown in right of

Ontario for all purposes.

Exception

— declaration

(2) The

Minister may declare in writing that the Corporation is not acting as an agent

of the Crown for the purpose of any of its contracts, securities or

instruments.

Effect

of declaration

(3) If

the Minister makes a declaration in accordance with subsection (2), the

Corporation shall be deemed not to be a Crown agent for the purposes of the

contract, security or instrument and the Crown is not liable for any

liabilities or obligations incurred by the Corporation under the contract,

security or instrument.

Exception

— Minister’s regulation

(4) The

Minister may, by regulation, provide that the Corporation is not acting as an

agent of the Crown for the purpose of any class of contracts, securities or

instruments.

Effect

of regulation

(5) If

the Minister makes a regulation under subsection (3), the Corporation shall be

deemed not to be a Crown agent for the purposes of that class of contract,

security or instrument and the Crown is not liable for any liabilities or

obligations incurred by the Corporation under that class of contract, security

or instrument.

Unpaid

judgments against the Corporation

(6) The

Minister shall pay from the Consolidated Revenue Fund the amount of any

judgment against the Corporation that remains unpaid after the Corporation has

made reasonable efforts, including liquidating assets, to pay the amount of the

judgment.

Exception

(7) Subsection

(6) does not apply to any judgment in respect of a contract, security or

instrument in respect of which a declaration is made under subsection (2) or to

which a regulation made under subsection (4) applies.

Limit

(8) A

declaration made under subsection (2) or a regulation made under subsection

(4) does not apply to any contract, security or instrument that is entered into,

issued or otherwise in force prior to the making of the declaration or

regulation.

Board

of directors

(1) The

board of directors of the Corporation shall be composed of at least three and

not more than 11 members.

Management

and supervision by board

(2) The

board of directors shall manage or supervise the management of the

Corporation’s affairs.

Composition

of board, etc.

(1) The

board of directors of the Corporation shall be appointed at pleasure by the

Lieutenant Governor in Council on the recommendation of the Minister.

Chair

and vice-chair

(2) On

the recommendation of the Minister, the Lieutenant Governor in Council shall

designate a chair from among the members of the board of directors and may

designate a vice-chair from among the members of the board of directors.

Same

(3) If

the chair is absent or unable to act, or if the office of the chair is vacant,

and a vice-chair has been designated, the vice-chair shall act as chair.

Same

(4) If

the chair is absent or unable to act and the vice-chair is absent or unable to

act or no vice-chair has been designated, the members present shall appoint an

acting chair from among themselves.

Quorum

(5) A

majority of the members constitutes a quorum of the board of directors.

Remuneration

and reimbursement

(6) The

members of the board of directors shall receive the remuneration and

reimbursement for reasonable expenses that the Lieutenant Governor in Council

determines.

By-laws

(1) Subject

to the Minister’s approval, the board of directors may pass by-laws and

resolutions regulating its proceedings and generally for the conduct and

management of the affairs of the Corporation.

Same

(2) Without

limiting the generality of subsection (1), the board of directors may pass

by-laws and resolutions to,

(

a) appoint

officers and assign to them such powers and duties as the board of directors

considers appropriate;

(

b) establish

committees of the board of directors and delegate powers and duties to such

committees;

(

c) govern

the remuneration and benefits of employees of the Corporation; and

(

d) effect

the orderly transaction of the business of the Corporation.

Continuation

of by-laws

(3) Despite

the revocation of Ontario Regulation 333/23 (Ontario Infrastructure Bank) made

under the Development Corporations Act , any by-law

made by the Corporation that was in effect immediately before the revocation is

continued.

Chief

Executive Officer

(1) The

board of directors shall appoint a Chief Executive Officer.

Same

(2) The

Chief Executive Officer is responsible for the operation of the Corporation,

subject to the supervision and direction of the board of directors.

Remuneration

and benefits

(3) The

Corporation shall pay such remuneration and benefits to the Chief Executive

Officer as is determined by the board of directors, subject to the Minister’s

approval.

Employees

(1) The

Corporation may employ or otherwise engage persons as it considers necessary

for the proper conduct of the business of the Corporation.

Agreements

for provision of services

(2) The

Corporation may enter into agreements with any minister of the Crown or chair

of a Crown agency for the provision of services to the Corporation by employees

of the Crown or employees of the Crown agency, as the case may be.

Pension

benefits

(3) The

Corporation may provide its eligible employees with pension benefits under the

Public Service Pension Plan if the Corporation is designated as an employer

under the Public Service Pension Act .

Remuneration

and benefits

(4) The

Corporation shall pay such remuneration and benefits to employees of the

Corporation as is determined by the board of directors, subject to the

Minister’s approval.

Powers

Except

as limited by this Act, the Corporation has the capacity, rights, powers and

privileges of a natural person for carrying out its objects.

Investments,

etc.

Without

limiting the generality of the Corporation’s powers under

section 10, the

Corporation may,

(

a) make

investments to carry out its objects, including by way of equity investment,

loan, acquiring a derivative or giving a guarantee; and

(

b) acquire

and hold, realize on or otherwise dispose of security or a security interest of

any kind, including any interest or rights in real property or personal

property as security for the due performance of any arrangement or agreement

with the Corporation, and retain and use the proceeds of disposition.

Limit

on powers, approval of Minister

(1) The

Corporation shall not, except with the approval of the Minister, acquire, hold

or dispose of any interest in real property.

Same

(2) Subsection

(1) does not apply with respect to investments made by the Corporation in

carrying out its objects under

section 3.

Limit

on location of infrastructure projects

The

Corporation shall not, except with the approval of the Minister, make an

investment or enter into any arrangement for the financing of a project that is

not entirely located within Ontario.

Limit

re public interest

14 The Corporation shall not enter into any arrangement for

the financing of a project with an investor whose interests do not align with

the Ontario public interest.

Limit

on powers re borrowing and managing financial risks

(1) The Corporation shall not borrow or manage

financial risks unless,

(

a) a

by-law of the Corporation authorizes the activity and the Minister has approved

the by-law; and

(

b) subject

to subsection (2), the Ontario Financing Authority co-ordinates and arranges

the activity.

Direction

of Minister of Finance

(2) The

Minister may in writing direct a person other than the Ontario Financing

Authority, including the Corporation, to perform the functions referred to in

clause (1) (b).

Same

(3) A

direction of the Minister under subsection (2) may be general or specific and

Non-application

of Legislation Act, 2006 ,

Part III

(4) Part

III (Regulations) of the Legislation Act, 2006 does

not apply to a direction issued under subsection (2).

Loan

guarantees — limitation

(1) The Corporation may provide loan guarantees

only in accordance with this section.

Same

(2) The

Corporation may recommend that the Minister approve a loan guarantee with

respect to an infrastructure project and if the Minister concurs with the

recommendation, the Minister may approve the loan guarantee.

Same

(3) Despite

subsection (2), the Corporation may provide a loan guarantee with respect to an

infrastructure project without the Minister’s approval if the value of the loan

guarantee provided by the Corporation is less than $200 million.

Appropriation

(1) The Lieutenant Governor in Council may

authorize the Minister to make advances to the Corporation in such amounts as

may be specified by the Lieutenant Governor in Council and at such times and on

Same

(2) The

money required for the purposes of subsection (1) shall be a charge on and

payable out of the Consolidated Revenue Fund.

Loans

to the Corporation

18 At the request of the Corporation, the Minister may lend

money to the Corporation out of the Consolidated Revenue Fund on any terms and

conditions that the Minister may fix.

Revenue

(1) The revenues of the Corporation shall be

deposited into accounts permitted by the Corporation’s by-laws and shall be

applied solely for carrying out the Corporation’s objects.

Status

of revenue and assets

(2) Despite

Part I of the Financial Administration Act , all

revenues and assets of the Corporation do not form part of the Consolidated

Revenue Fund.

Application

of certain Acts

(1) Section 132 (disclosure: conflict of

interest), subsection 134 (1) (standards of care, etc., of directors, etc.) and

section 136 (indemnification) of the Business Corporations

Act apply, with necessary modifications, to the Corporation and members

of its board of directors.

Same

(2) The

Not-for-Profit Corporations Act, 2010 and the Corporations Information Act do not apply to the

Corporation.

Crown

liability

personal liability

(1) No cause of action arises against any

current or former member of the Executive Council or officer, employee or agent

of the Crown for any act done in good faith in the exercise or performance, or

intended exercise or performance, of the person’s powers, duties or functions

under this Act or for any alleged neglect, default or other omission in the

exercise or performance in good faith of those powers, duties or functions.

Crown

remains vicariously liable

(2) Despite

subsection 8 (3) of the Crown Liability and Proceedings

Act, 2019 , subsection (1) of this

section does not relieve the Crown of

liability to which it would otherwise be subject as a result of the acts or

omissions of a person specified in subsection (1).

liability for acts or omissions of others

(3) No

cause of action arises against the Crown or any person specified in subsection

(1) for

an act or omission of a person other than the Crown or a person

specified in that subsection, if the act or omission is related, directly or

indirectly, to the exercise or performance, or intended exercise or

performance, of a power, duty or function under this Act.

Employment,

etc. with the Corporation

(4) If

a person who is an employee or agent of the Crown is employed in or assigned to

or otherwise performs duties directly for the Corporation, the person is deemed

to be an employee of the legal entity and not an employee or agent of the Crown

specified in subsection (1) in relation to the person’s acts or omissions

arising from the employment, assignment or performance for the purposes of this

section and sections 22 and 23 as well as any claim for vicarious liability.

Proceedings

by Crown not prevented

(5) This

section does not apply with respect to proceedings brought by the Crown.

Corporation

liability

personal liability

(1) No cause of action arises against any

current or former director, officer, employee or agent of the Corporation for

any act done in good faith in the exercise or performance, or intended exercise

or performance, of the person’s powers, duties or functions under this Act or

for any alleged neglect, default or other omission in the exercise or

performance in good faith of those powers, duties or functions.

Corporation

vicariously liable

(2) Subsection

(1) does not relieve the Corporation of liability to which it would otherwise

be subject as a result of the acts or omissions of a person specified in

subsection (1).

Proceedings

by Crown not prevented

(3) This

section does not apply with respect to proceedings brought by the Crown.

Proceedings

barred

(1) No proceeding shall be commenced,

(

a) against

any person specified in subsection 21 (1) in respect of a matter referred to in

that subsection;

(

b) against

the Crown or any person specified in subsection 21 (1) in respect of a matter

referred to in subsection 21 (3); or

(

c) against

any person specified in subsection 22 (1) in respect of a matter referred to in

that subsection.

Same

(2) Subsection

(1) does not apply with respect to an application for judicial review, but does

apply with respect to any other court, administrative or arbitral proceeding

claiming any remedy or relief, including specific performance, an injunction,

declaratory relief, a remedy in contract, restitution, unjust enrichment or

tort, a remedy for breach of trust or fiduciary obligation or any equitable

remedy, enforcement of a judgment, order or award made outside Ontario or any

form of compensation or damages including loss of revenue or profit.

Proceedings

by Crown not prevented

(3) This

section does not apply with respect to proceedings brought by the Crown.

Financial

records, etc.

(1) The Corporation shall maintain financial

records for the Corporation and shall establish financial, management and

information systems that will enable the Corporation to prepare financial statements

in accordance with generally accepted accounting principles.

Inspection

(2) Upon

the request of the Minister, the Corporation shall promptly make its financial

records available for inspection.

Fiscal

year

25 The Corporation’s fiscal year begins on April 1 in each

year and ends on March 31 in the following year.

Reports

(1) The Corporation shall, on a frequency

identified by the Minister, report on its progress in achieving performance

targets and standards as set by the Minister.

Annual

report

(2) The

Corporation shall prepare an annual report, provide it to the Minister no later

than 120 days after the end of the Corporation’s fiscal year and make it

available to the public.

Directives

re annual report

(3) The

Corporation shall comply with such directives as may be issued by the

Management Board of Cabinet with respect to,

(

a) the

form and content of the annual report; and

(

b) when

and how to make it available to the public.

Additional

content

(4) The

Corporation shall include such additional content in the annual report as the

Minister may require.

Tabling

of annual report

27 The Minister shall table the Corporation’s annual report in

the Assembly and shall comply with such directives as may be issued by the

Management Board of Cabinet with respect to when to table it.

Business

plans and reports

(1) At least six months before the beginning of

each fiscal year or by a date specified by the Minister, the Corporation shall

prepare and provide to the Minister for the Minister’s approval a business plan

described in subsection (2) and such reports as the Minister may require.

Same

(2) The

business plan must be based on a five-year cycle and contain,

(

a) the

Corporation’s proposed operating budget for the fiscal year and the next two

fiscal years;

(

b) the

Corporation’s projected revenues and their sources;

(

c) the

Corporation’s performance targets for the next fiscal year; and

(

d) any

other information required by the Minister.

Other

reports

29 The Minister may require the Corporation to provide other

reports on such topics as the Minister specifies.

Policies

and directives by Minister

(1) The Minister may issue policies and

directives in writing to the board of directors of the Corporation on matters

relating to the exercise of its powers or duties.

Implementation

of policies and directives

(2) The

board shall, through the Corporation, ensure that the policies and directives

issued to the Corporation are implemented promptly and efficiently.

Audit

(1) The Corporation’s board of directors shall

appoint one or more licensed public accountants to audit the accounts and

transactions of the Corporation for the previous fiscal year.

Auditor

General

(2) The

Auditor General may also audit the accounts and transactions of the Corporation

for any fiscal year.

Minister-appointed

auditor

(3) The

Minister may at any time appoint a licensed public accountant, other than the

person appointed under subsection (1), to audit the accounts and transactions

of the Corporation for any period of time specified by the Minister.

Winding

32 If the Lieutenant Governor in Council considers it to be in

the public interest to wind up the affairs of the Corporation, the Minister may

do all things necessary to accomplish that, including dealing with the assets

of the Corporation by,

(

a) liquidating

or selling the assets and paying the proceeds into the Consolidated Revenue

Fund; or

(

b) transferring

the assets to the Crown or another agency of the Crown.

Regulations

(1) The Lieutenant Governor in Council may make

regulations respecting any matter necessary or advisable to carry out

effectively the intent and purpose of this Act and without limiting the

generality of the foregoing, may make regulations,

(

a) prescribing

anything referred to in this Act as being prescribed by the regulations;

(

b) governing

the manner in which the Corporation carries out its objects.

Same,

Minister

(2) The

Minister may make regulations with respect to any matter that, in this Act, is

described as being done by a regulation made by the Minister.

Revocation

34 Ontario Regulation 333/23 is revoked.

Commencement

35 The Act set out in this

Schedule comes into force on the

day the Building a Better Ontario Act (Budget Measures),

2024 receives Royal Assent.

Short

title

36 The

short title of the Act set out in this

Schedule is

the Building Ontario Fund Act, 2024 .

SCHEDULE 2

ESTATE ADMINISTRATION TAX ACT, 1998

Clause (

b) of the definition of “estate certificate” in subsection 1 (1) of the

Estate Administration Tax Act, 1998 is amended by

adding “including a small estate certificate or an amended small estate

certificate” after “1994”.

Commencement

This

Schedule comes into force on the day the Building a

Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

SCHEDULE 3

FINANCIAL ADMINISTRATION ACT

(1) Section 23 of the Financial Administration

Act is amended by adding the following subsection:

Exception

(1.1) Despite

subsection (1) and in addition to all money authorized to be raised by way of

loan by this or any other Act, the Minister of Finance may borrow, from time to

time, such sums as are required for the following purposes if the amounts

borrowed will be repaid within one day:

1. To

discharge any indebtedness or obligation of Ontario.

2. To

make any payment authorized or required by any Act to be made out of the

Consolidated Revenue Fund.

(2) Subsection

23 (2) of the Act is amended by adding “or (1.1)” after “subsection (1)”.

Commencement

This

Schedule comes into force on the day the Building a

Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

SCHEDULE 4

FUEL TAX ACT

Clause 2 (1.1) (

a) of the Fuel Tax Act is repealed

and the following substituted:

(

a) the

tax is payable during the period beginning on July 1, 2022 and ending on

December 31, 2024; or

Commencement

This

Schedule comes into force on the day the Building a

Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

SCHEDULE 5

GASOLINE TAX ACT

Clause 2 (1.1) (

a) of the Gasoline Tax Act is

repealed and the following substituted:

(

a) the

tax is payable during the period beginning on July 1, 2022 and ending on

December 31, 2024; or

Commencement

This

Schedule comes into force on the day the Building a

Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

SCHEDULE 6

LIQUOR TAX ACT, 1996

(1) Subsection 27 (1) of the Liquor Tax Act,

1996 is repealed.

(2) If

the Building a Better Ontario Act (Budget Measures), 2024

receives Royal Assent after April 1, 2024,

section 27 of the Act is amended by

adding the following subsection:

Transition

(2.2) If

a purchaser has paid, on or after April 1, 2024, an amount in respect of the

basic tax on wine and wine cooler under subsection (1), as it read immediately

before the day the Building a Better Ontario Act (Budget

Measures), 2024 receives Royal Assent, the following rules apply:

1. The

amount paid is deemed not to have been paid as tax.

2. The

amount paid is deemed to have been paid as part of the purchase price otherwise

owing in respect of the wine or wine cooler.

Commencement

This

Schedule comes into force on the later of April 1, 2024 and the day Building a Better Ontario Act (Budget Measures), 2024

receives Royal Assent.

SCHEDULE 7

ONTARIO LOAN ACT, 2024

Borrowing

authorized

(1) The

Lieutenant Governor in Council may borrow in any manner provided by the Financial Administration Act such sums, not exceeding a

total aggregate amount of $15.9 billion, as are considered necessary to

discharge any indebtedness or obligation of Ontario or to make any payment

authorized or required by any Act to be made out of the Consolidated Revenue Fund.

Other

Acts

(2) The

authority to borrow conferred by this Act is in addition to that conferred by

any other Act.

Expiry

(1) No

order in council authorizing borrowing authorized under this Act shall be made

after December 31, 2026.

Same

(2) The

Crown shall not borrow money after December 31, 2027 under the authority of an

order in council that authorizes borrowing under this Act unless, on or before

December 31, 2027,

(

a) the

Crown has entered into an agreement to borrow the money under the order in

council; or

(

b) the

Crown has entered into an agreement respecting a borrowing program and the

agreement enables the Crown to borrow up to a specified limit under the order

in council.

Commencement

The Act

set out in this

Schedule comes into force on the day the Building

a Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

Short

title

The

short title of the Act set out in this

Schedule is the Ontario Loan Act, 2024 .

SCHEDULE 8

PENSION BENEFITS ACT

(1) Section 10 of the Pension Benefits Act

is amended by adding the following subsections:

Plans

that provide target benefits — written policies

(5) The

documents that create and support a pension plan that provides any target

benefits shall also set out the pension plan’s funding and benefits policy, its

governance policy and its communications policy.

Conversions

by existing pension plans

(6) If

some or all of the benefits provided by a multi-employer pension plan that was

registered before the day subsection 1 (1) of

Schedule 8 to the Building a Better Ontario Act (Budget Measures), 2024

comes into force are converted to target benefits, the administrator of the

pension plan shall, within the prescribed time, file with the Chief Executive

Officer the pension plan’s funding and benefits policy, its governance policy

and its communications policy.

Other

conversions

(7) If

some or all of the benefits provided by a multi-employer pension plan that is

registered on or after the day subsection 1 (1) of

Schedule 8 to the Building a Better Ontario Act (Budget Measures), 2024

comes into force are converted to target benefits, the administrator of the

pension plan shall, within the prescribed time, file with the Chief Executive

Officer the pension plan’s funding and benefits policy, its governance policy

and its communications policy.

Requirements

(8) The

policies referred to in subsection (5) must satisfy such requirements and

contain such information as may be prescribed, and must be reviewed in

accordance with the regulations.

(2) Subsection

10 (8) of the Act, as enacted by subsection (1), is repealed and the following

substituted:

Plans

that do not provide target benefits — written policies

(8) The

documents that create and support a pension plan that does not provide any

target benefits shall also set out the pension plan’s funding policy and its

governance policy.

Same,

existing pension plans

(9) The

administrator of a pension plan described in subsection (8) that applied for

registration before the day subsection 1 (2) of

Schedule 8 to the Building a Better Ontario Act (Budget Measures), 2024

comes into force shall, within the prescribed time, file with the Chief

Executive Officer the pension plan’s funding policy and its governance policy.

Requirements

(10) The

policies referred to in subsections (5) and (8) must satisfy such requirements

and contain such information as may be prescribed, and must be reviewed in

accordance with the regulations.

(1) Paragraph 1 of subsection 39.2 (1) of the Act is repealed and

the following substituted:

1. The

pension plan is a multi-employer pension plan established pursuant to a

collective agreement or a trust agreement.

(2) Paragraph 3.1 of subsection 39.2

(1) of the Act is repealed and the following substituted:

3.1 The

benefit is determined in part with reference to the value of the assets of the

pension fund, except as provided by the regulations. The benefit must satisfy

this criterion both before and after the payments of the pension begin.

(3) Paragraph

4 of subsection 39.2 (1) of the Act is repealed and the following substituted:

4. Except at the time a newly established pension plan is

registered under this Act as providing target benefits , the benefit, if accrued, was converted to a target benefit

in accordance with

section 81.0.2.

(4) Paragraph

6 of subsection 39.2 (1) of the Act is repealed and the following substituted:

6. The

administrator is authorized under the pension plan to reduce the benefit after

it has accrued, both while the plan is ongoing and upon wind up.

(5) Subsection

39.2 (4) of the Act is repealed and the following substituted:

Reduction

of target benefits

(4) The

regulations may specify circumstances in which a target benefit must be

reduced.

Same

(5) The

regulations may prescribe rules relating to how a target benefit is to be

reduced, including prescribing any restrictions, limitations or conditions on

the reduction.

Failure

to satisfy criteria

(6) If

one or more of the criteria specified in subsection (1) are no longer

satisfied, such that the benefit provided by a pension plan ceases to be a

target benefit, the prescribed requirements apply.

Clause 79.1 (3) (

a) of the Act is amended by striking out “80”.

Section 79.2 of the Act is amended by adding the following subsection:

Conditions

re target benefits

(4.1) If

any of the assets to be transferred relate to the provision of target benefits

in the original pension plan, the transferred assets must be used to provide

target benefits in the successor pension plan at the effective date, in accordance

with such requirements as may be prescribed.

(1) Subsection 81.0.2 (2) of the Act is amended by adding the

following paragraphs:

1.1 The

pension plan is a multi-employer pension plan established pursuant to a

collective agreement or a trust agreement.

1.2 The

benefits proposed to be converted are determined in part with reference to the

value of the assets of the pension fund, except as provided by the regulations.

The benefits must satisfy this criterion both before and after the payments of

the pension begin.

(2) Paragraph

3 of subsection 81.0.2 (2) of the Act is repealed and the following

substituted:

3. The

administrator is authorized under the pension plan to reduce the benefits

proposed to be converted after they have accrued, both while the plan is

ongoing and upon wind up.

(3) Section

81.0.2 of the Act is amended by adding the following subsection:

Same

(2.2) Despite

subsection (2.1), in the case of a designated multi-jurisdictional pension plan

that was registered in a designated jurisdiction immediately before it was

registered in Ontario, benefits shall not be converted to target benefits unless

the administrator’s application for consent under subsection (12) is made

before the fifth anniversary of the day on which the plan was most recently

registered in Ontario.

(4) Subsections

81.0.2 (6) to (8) of the Act are repealed.

(5) Subsection 81.0.2 (9) of the Act

is repealed and the following substituted:

Requirement

re consultation

(9) The

administrator shall consult in good faith about the proposed conversion, in

accordance with such requirements as may be prescribed, with,

(

a) any

trade union that represents members of the pension plan; and

(

b) any

other association that, to the knowledge of the administrator, represents

members, former members or retired members of the pension plan in negotiating

in respect of plan terms.

(6) Subsections

81.0.2 (10) and (13) of the Act are repealed.

(7) Paragraphs

1 and 2 of subsection 81.0.2 (14) of the Act are repealed.

(8) Paragraph

4 of subsection 81.0.2 (14) of the Act is repealed and the following

substituted:

4. The

administrator has consulted with trade unions and associations in accordance

with subsection (9).

(9) Paragraph

5 of subsection 81.0.2 (14) of the Act is repealed.

(10) Section

81.0.2 of the Act is amended by adding the following subsection:

Effective

date

(14.1) The

effective date of the conversion must satisfy such requirements as may be

prescribed.

The Act is amended by adding the following section:

Request

for information, target benefits

98.2

(1) In the

case of a pension plan that provides target benefits, if the Chief Executive

Officer requests, the administrator of the plan or other prescribed person

shall provide the Chief Executive Officer with any information that the Chief

Executive Officer specifies for the purpose of ascertaining whether the

provision for adverse deviations, as set out in a report filed with the Chief

Executive Officer, complies with the requirements of this Act and the

regulations.

Same

(2) The

Chief Executive Officer may specify the time within which the information is to

be provided.

Progress

on the Plan to Build Act (Budget Measures), 2022

Subsections

1 (2) and (3) of

Schedule 7 to the Progress on the Plan to

Build Act (Budget Measures), 2022 are repealed.

Protect,

Support and Recover from COVID-19 Act (Budget Measures), 2020

Subsections 18 (2) and 21 (1) of

Schedule 37 to the Protect,

Support and Recover from COVID-19 Act (Budget Measures), 2020 are

repealed.

Stronger,

Fairer Ontario Act (Budget Measures), 2017

Section 29 of

Schedule 33 to the Stronger, Fairer Ontario

Act (Budget Measures), 2017 is repealed.

Commencement

(1) Except as otherwise provided in this section, this

Schedule

comes into force on the day it receives Royal Assent.

(2) Subsections

1 (1), 2 (1) and (3) to (5) and sections 4 and 6 come into force on the later

of the day

section 17 of

Schedule 33 to the Stronger,

Fairer Ontario Act (Budget Measures), 2017 comes into force and the day

the Building a Better Ontario Act (Budget Measures), 2024

receives Royal Assent.

(3) Subsection

2 (2) comes into force on the later of the day subsection 6 (2) of

Schedule 37

to the Protect, Support and Recover from COVID-19 Act

(Budget Measures), 2020 comes into force and the day the Building a Better Ontario Act (Budget Measures), 2024

receives Royal Assent.

(4) Section

3 comes into force on the later of the day

section 16 of

Schedule 37 to the Protect, Support and Recover from COVID-19 Act (Budget

Measures), 2020 comes into force and the day the Building

a Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

(5) Section

5 comes into force on the later of the day

section 33 of

Schedule 33 to the Stronger, Fairer Ontario Act (Budget Measures), 2017

comes into force and the day the Building a Better Ontario

Act (Budget Measures), 2024 receives Royal Assent.

(6) Subsection

1 (2) comes into force on a day to be named by proclamation of the Lieutenant

Governor.

SCHEDULE 9

TAXATION ACT, 2007

(1) Subsection 90 (4) of the Taxation Act, 2007

is amended by striking out the portion before “A” and substituting the

following:

Eligible

labour expenditure

(4) If

a qualifying corporation incurred any specified labour costs in respect of an

eligible production before March 26, 2024, the eligible labour expenditure of

the qualifying corporation in respect of that eligible production for a

taxation year is the amount, if any, by which “A” exceeds “B” where,

(2) Section

90 of the Act is amended by adding the following subsection:

Same

(4.1) If

a qualifying corporation did not incur any specified labour costs in respect of

an eligible production before March 26, 2024, the eligible labour expenditure

of the qualifying corporation in respect of that eligible production for a taxation

year is the amount, if any, by which “A” exceeds “B” where,

“A” is

the corporation’s Ontario labour expenditure for the year or the previous

taxation year for eligible computer animation and special effects activities in

respect of the eligible production, determined without reference to any equity

investment in the production held by a Canadian government film agency; and

“B” is

the sum of,

(

a) all

amounts, each of which is the corporation’s eligible labour expenditure

incurred in the previous taxation year in respect of the production and claimed

under this

section for that year; and

(

b) an amount in respect of assistance

relating to expenditures with respect to the eligible production, other than

excluded government assistance, that, on the qualifying corporation’s filing

due date for the year, the qualifying corporation or any other person or

partnership has received, is entitled to receive or may reasonably expect to

receive, equal to the sum of,

(

i) the

amount of the assistance directly attributable to the portion of the Ontario

labour expenditure referred to in the definition of “A” that was not included

in “B” for a previous taxation year, and

(ii) the

amount determined by multiplying the amount of the assistance that is not

directly attributable to the portion of the Ontario labour expenditure referred

to in the definition of “A” and that was not included in “B” for a previous

taxation year by the ratio of the amount of that portion of the Ontario labour

expenditure in respect of the production to the amount of the prescribed cost

of eligible computer animation and special effects activities of the eligible

production.

(3) Subsection

90 (9) of the Act is amended by adding the following clause:

(a.1) the

production is not an eligible production;

(4) Subsection

90 (11) of the Act is amended by adding the following definition:

“alternative means” means a means of making a

film or television production commercially available for viewing by the public

via download or streaming over the Internet, via video-on-demand or on physical

media; (“autre moyen”)

(5) The

definition of “eligible production” in subsection 90 (11) of the Act is

repealed and the following substituted:

“eligible

production” means a film or television production that satisfies the

requirements set out in subsection (11.1) or (11.2); (“production admissible”)

(6) Subsection

90 (11) of the Act is amended by adding the following

definitions:

“specified

labour cost” means an amount in respect of a production that would be included

in the determination of a qualifying corporation’s Ontario labour expenditure

if the production were deemed to be an eligible production; (“coût en

main-d’œuvre déterminé”)

“television

broadcast” means the scheduled transmission of a film or television production

for reception by the public by a broadcasting undertaking, as defined in the Broadcasting Act (Canada), but not by an undertaking for

the transmission or retransmission over the Internet for reception by the

public; (“télédiffusion”)

“theatrical

distribution” means an arrangement with a distributor to have a film or

television production shown commercially in cinemas for viewing by the paying

public; (“distribution en salles”)

(7) Section

90 of the Act is amended by adding the following subsections:

Eligible

production

(11.1) A

film or television production for which specified labour costs were incurred

before March 26, 2024 is an eligible production if it,

(

a) is

produced for commercial exploitation;

(

b) is

not,

(

i) news,

current events or public affairs programming, or a programme that includes

weather or market reports,

(ii) a

talk show,

(iii) a

production in respect of a game, questionnaire or contest (other than a

production directed primarily at minors),

(iv) a

sports event or activity,

(

v) a

gala presentation or an awards show,

(vi) a

production that solicits funds,

(vii) reality

television,

(viii) pornography,

(ix) advertising,

(

x) a

production produced primarily for industrial, corporate or institutional

purposes, or

(xi) a

production, other than a documentary, all or substantially all of which

consists of stock footage;

(

c) is

not a production for which, in the opinion of the Minister of Culture, public

financial support would be contrary to public policy; and

(

d) is

a production in respect of which a certificate has been issued to a qualifying

corporation under subsection 91 (15) or 92 (8), if no eligible expenditure in

respect of the production is incurred on or before April 23, 2015.

Same

(11.2) A

film or television production for which no specified labour costs were incurred

before March 26, 2024 is an eligible production if it,

(

a) consists

solely of non-interactive audiovisual content that is either a single

instalment or a group of two or more episodes;

(

b) is

produced for commercial exploitation by means of one or more of,

(

i) a

theatrical distribution,

(ii) a

television broadcast, or

(iii) an

alternative means;

(

c) is

not,

(

i) news,

current events or public affairs programming, or a programme that includes

weather or market reports,

(ii) a

talk show,

(iii) a

production in respect of a game, questionnaire or contest (other than a

production directed primarily at minors),

(iv) a

sports event or activity,

(

v) a

gala presentation or an awards show,

(vi) a

production that solicits funds,

(vii) reality

television,

(viii) pornography,

(ix) advertising,

(

x) a

production produced primarily for industrial, corporate or institutional

purposes,

(xi) a

production, other than a documentary, all or substantially all of which

consists of stock footage,

(xii) an

instructional production, including instructional videos or tutorials related

to cooking, crafting, renovating, beauty, fitness, parenting, careers or

finance,

(xiii) a

review or a commentary, opinion or advice video,

(xiv) educational

content related to a curriculum or course of study, other than a production

directed primarily at children under the age of 12,

(xv) a

vlog, travelogue, video journal or diary, home movie or a production that primarily

consists of recreational content,

(xvi) a

music video,

(xvii) a

production in respect of esports, gaming, or gambling,

(xviii) a

prank video,

(xix) a

speech, sermon, presentation or discourse,

(xx) coverage

of a conference, gathering, ceremony or event,

(xxi) a

production that primarily consists of content from another film or television

production or an interactive digital media production previously released to

the public, or

(xxii) a

production all or substantially all of which consists of user-generated

footage;

(

d) is

not a production for which, in the opinion of the Minister of Culture, public

financial support would be contrary to public policy; and

(

e) is

a production for which,

(

i) the

specified labour costs of the qualifying corporation in respect of the

production for the taxation year exceed $25,000,

(ii) the

combined specified labour costs of the qualifying corporation in respect of the

production for the taxation year and the previous taxation year exceed $25,000,

(iii) the

specified labour costs of the qualifying corporation in respect of the

production for any previous two-year taxation period exceeded $25,000.

Commencement

This

Schedule comes into force on the day the Building a

Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

SCHEDULE 10

TOBACCO TAX ACT

(1) Clause 29 (13) (

a) of the Tobacco Tax Act

is amended by striking out “$10,000” and substituting “$75,000” and by striking

out “of not less than an amount equal to three times” and substituting “of not

more than an amount equal to five times”.

(2) Section

29 of the Act is amended by adding the following subsections:

Offence,

possession, etc., if person has control over place of purchase, etc.

(13.1) Every

person who contravenes subsection (1) is guilty of an offence and, if the

person is found to be in possession of or to have purchased or received 100,000

or more unmarked cigarettes or 100,000 grams or more of unmarked fine cut tobacco

at a place used for the purchase, sale or storage of the cigarettes or tobacco

that is controlled, directly or indirectly, by that person, on conviction is

liable to,

(

a) a

fine of not less than $10,000 and not more than $100,000 and an additional fine

of not less than an amount equal to five times the tax that would be payable

under

section 2 by a consumer purchasing the same quantity of cigarettes or

fine cut tobacco; and

(

b) a

term of imprisonment of not more than two years, in addition to the fine and

additional fine under clause (a).

Same,

in transit to or from place of purchase, etc.

(13.2) Subsection

(13.1) also applies when the person is found to be in possession of the

cigarettes or tobacco while in transit to or from the place described in that

subsection.

(3) Paragraph

1 of subsection 29 (14) of the Act is amended by striking out “$100” and

substituting “$200” and by striking out “equal to three times” and substituting

“up to three times”.

(4) Paragraph

2 of subsection 29 (14) of the Act is amended by striking out “$250” and

substituting “$500” and by striking out “equal to three times” and substituting

“up to three times”.

(5) Paragraph

3 of subsection 29 (14) of the Act is amended by striking out “$500” and

substituting “$1,000” and by striking out “equal to three times” and

substituting “up to three times”.

(6) Clause

29 (15) (

a) of the Act is amended by striking out “$500 and not more than

$10,000 and an additional fine of not less than an amount equal to three times”

and substituting “$1,000 and not more than $50,000 and an additional fine of not

more than an amount equal to four times”.

(7) Paragraph

1 of subsection 29 (16) of the Act is amended by striking out “$100 and an

additional fine equal to three times” and substituting “$200 and an additional

fine up to three times”.

(8) Paragraph

2 of subsection 29 (16) of the Act is amended by striking out “$250 and an

additional fine equal to three times” and substituting “$500 and an additional

fine up to three times”.

(9) Paragraph

3 of subsection 29 (16) of the Act is amended by striking out “$500 and an

additional fine equal to three times” and substituting “$1,000 and an

additional fine up to three times”.

(10) Clause

29 (17) (

a) of the Act is amended by striking out “$500 and not more than

$10,000 and an additional fine of not less than an amount equal to three times”

and substituting “$1,000 and not more than $50,000 and an additional fine of not

more than an amount equal to four times”.

Commencement

This

Schedule comes into force on the day the Building a

Better Ontario Act (Budget Measures), 2024 receives Royal Assent.

Date Bill stage Event Outcome Committee

May 16, 2024

Royal Assent

Royal Assent received

May 16, 2024

Third Reading

Vote

Carried on division

May 16, 2024

Third Reading

Question put

May 16, 2024

Third Reading

Closure

Carried on division

May 15, 2024

Third Reading

Moved closure

Vote deferred

May 15, 2024

Third Reading

Debated

May 15, 2024

Third Reading

Debated

Debate adjourned

May 13, 2024

Third Reading

Debated

Debate adjourned

May 8, 2024

Second Reading

Ordered for Third Reading

May 8, 2024

Second Reading

Report adopted

May 8, 2024

Second Reading

Reported without amendment

Standing Committee on Finance and Economic Affairs

May 8, 2024

Second Reading

Consideration of a Bill

Standing Committee on Finance and Economic Affairs

April 23, 2024

Second Reading

Consideration of a Bill

Standing Committee on Finance and Economic Affairs

April 22, 2024

Second Reading

Consideration of a Bill

Standing Committee on Finance and Economic Affairs

April 10, 2024

Second Reading

Ordered referred to Standing Committee

Standing Committee on Finance and Economic Affairs

April 10, 2024

Second Reading

Vote

Carried on division

April 10, 2024

Second Reading

Question put

April 10, 2024

Second Reading

Closure

Carried on division

April 10, 2024

Second Reading

Closure

Vote deferred

April 10, 2024

Second Reading

Moved closure

Vote deferred

April 10, 2024

Second Reading

Debated

April 9, 2024

Second Reading

Debated

Debate adjourned

April 9, 2024

Second Reading

Debated

Debate adjourned

April 8, 2024

Second Reading

Debated

Debate adjourned

April 8, 2024

Second Reading

Debated

Debate adjourned

March 26, 2024

First Reading

Ordered for Second Reading

March 26, 2024

First Reading

Vote

Carried

First Reading

March 26, 2024

Carried

Ordered for Second Reading

Second Reading

April 8, 2024

Principal Debaters

Anand, Deepak

Mississauga—Malton

Bethlenfalvy, Hon. Peter

Pickering—Uxbridge

Bowman, Stephanie

Don Valley West

Cho, Hon. Raymond Sung Joon

Scarborough North

Crawford, Stephen

Oakville

Fife, Catherine

Waterloo

Kusendova-Bashta, Natalia

Mississauga Centre

McCarthy, Hon. Todd

Durham

Taylor, Monique

Hamilton Mountain

Wong-Tam, Kristyn

Toronto Centre

Questions and Responses

Armstrong, Teresa

London—Fanshawe

Coe, Lorne

Whitby

Dixon, Jess

Kitchener South—Hespeler

Dowie, Andrew

Windsor—Tecumseh

Fraser, John

Ottawa South

French, Jennifer

Oshawa

Gates, Wayne

Niagara Falls

Gretzky, Lisa

Windsor West

Harden, Joel

Ottawa Centre

Kernaghan, Terence

London North Centre

Leardi, Anthony

Essex

Saunderson, Brian

Simcoe—Grey

Shamji, Adil

Don Valley East

Stevens, Jennifer (Jennie)

St. Catharines

West, Jamie

Sudbury

April 8, 2024

Debated

April 9, 2024

Principal Debaters

Blais, Stephen

Orléans

Downey, Hon. Doug

Barrie—Springwater—Oro-Medonte

Fraser, John

Ottawa South

Gélinas, France

Nickel Belt

Khanjin, Hon. Andrea

Barrie—Innisfil

MacLeod, Lisa

Nepean

Pasma, Chandra

Ottawa West—Nepean

Rakocevic, Tom

Humber River—Black Creek

Schreiner, Mike

Guelph

Taylor, Monique

Hamilton Mountain

Questions and Responses

Anand, Deepak

Mississauga—Malton

Armstrong, Teresa

London—Fanshawe

Bell, Jessica

University—Rosedale

Bourgouin, Guy

Mushkegowuk—James Bay

Burch, Jeff

Niagara Centre

Coe, Lorne

Whitby

Collard, Lucille

Ottawa—Vanier

Cuzzetto, Rudy

Mississauga—Lakeshore

Dowie, Andrew

Windsor—Tecumseh

Dunlop, Hon. Jill

Simcoe North

Glover, Chris

Spadina—Fort York

Jones, Trevor

Chatham-Kent—Leamington

Kernaghan, Terence

London North Centre

Mamakwa, Sol

Kiiwetinoong

Pang, Billy

Markham—Unionville

Sattler, Peggy

London West

Smith, Laura

Thornhill

West, Jamie

Sudbury

April 9, 2024

Debated

April 10, 2024

Principal Debaters

Brady, Bobbi Ann

Haldimand—Norfolk

Clancy, Aislinn

Kitchener Centre

Harden, Joel

Ottawa Centre

Leardi, Anthony

Essex

Mantha, Michael

Algoma—Manitoulin

Questions and Responses

Bourgouin, Guy

Mushkegowuk—James Bay

Gélinas, France

Nickel Belt

Harris, Mike

Kitchener—Conestoga

Kernaghan, Terence

London North Centre

Leardi, Anthony

Essex

Shaw, Sandy

Hamilton West—Ancaster—Dundas

Yakabuski, John

Renfrew—Nipissing—Pembroke

Moved closure

April 10, 2024

Closure carried on division

Carried on division

Ordered referred to Standing Committee

Standing Committee on Finance and Economic Affairs

April 22, 2024

Consideration of a Bill

Standing Committee on Finance and Economic Affairs

April 23, 2024

Consideration of a Bill

Standing Committee on Finance and Economic Affairs

May 8, 2024

Consideration of a Bill

Standing Committee on Finance and Economic Affairs

May 8, 2024

Reported without amendment

Standing Committee on Finance and Economic Affairs

Ordered for Third Reading

Third Reading

May 13, 2024

Principal Debaters

Anand, Deepak

Mississauga—Malton

Bethlenfalvy, Hon. Peter

Pickering—Uxbridge

Crawford, Stephen

Oakville

Fife, Catherine

Waterloo

Rae, Matthew

Perth—Wellington

Questions and Responses

Bourgouin, Guy

Mushkegowuk—James Bay

Byers, Rick

Bruce—Grey—Owen Sound

Dowie, Andrew

Windsor—Tecumseh

Gates, Wayne

Niagara Falls

Harden, Joel

Ottawa Centre

Hogarth, Christine

Etobicoke—Lakeshore

Jones, Trevor

Chatham-Kent—Leamington

Kanapathi, Logan

Markham—Thornhill

Leardi, Anthony

Essex

Oosterhoff, Sam

Niagara West

Shaw, Sandy

Hamilton West—Ancaster—Dundas

May 15, 2024

Principal Debaters

Bourgouin, Guy

Mushkegowuk—James Bay

Fedeli, Hon. Victor

Nipissing

French, Jennifer

Oshawa

Karpoche, Bhutila

Parkdale—High Park

Kerzner, Hon. Michael

York Centre

Kusendova-Bashta, Natalia

Mississauga Centre

Mulroney, Hon. Caroline

York—Simcoe

Schreiner, Mike

Guelph

Shaw, Sandy

Hamilton West—Ancaster—Dundas

Vaugeois, Lise

Thunder Bay—Superior North

Questions and Responses

Crawford, Stephen

Oakville

Dowie, Andrew

Windsor—Tecumseh

Flack, Hon. Rob

Elgin—Middlesex—London

Gallagher Murphy, Dawn

Newmarket—Aurora

Gélinas, France

Nickel Belt

Glover, Chris

Spadina—Fort York

Harden, Joel

Ottawa Centre

Kernaghan, Terence

London North Centre

Leardi, Anthony

Essex

Martin, Robin

Eglinton—Lawrence

Smith, David

Scarborough Centre

Smith, Laura

Thornhill

Stevens, Jennifer (Jennie)

St. Catharines

Tabuns, Peter

Toronto—Danforth

Yakabuski, John

Renfrew—Nipissing—Pembroke

May 15, 2024

Debated

Moved closure

May 16, 2024

Closure carried on division

Carried on division

Royal Assent

May 16, 2024

Royal Assent received