Plan to Protect Ontario Act (Budget Measures), 2025 — Bill 24 (44th Parliament, 1st Session)

Bill 24, 44-1

Ontario — Bills

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Bill 24, Plan to Protect Ontario Act (Budget Measures), 2025

Bethlenfalvy, Hon. Peter Minister of Finance

Current status:

Royal Assent received. Statutes of Ontario 2025,

chapter 10

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EXPLANATORY

NOTE

This Explanatory Note was written as a reader’s

aid to Bill 24 and does not form part of the law. Bill 24 has been enacted as

Chapter 10 of the Statutes of Ontario, 2025.

SCHEDULE 1

ASSESSMENT ACT

The

Assessment Act is amended to provide for a set of

standard rules governing the manner in which notices under the Act are to be

provided by the assessment corporation, which, in addition to personal delivery

and delivery by mail, contemplate sending notices by electronic means.

Consequential amendments are made to the City of Toronto

Act, 2006 and to the Municipal Act, 2001 .

addition,

section 53 of the Act is amended. Subsection 53 (3) of the Act

currently permits the assessment corporation to make available to certain

entities the information sufficient to meet their planning requirements. That subsection

is amended to permit the assessment corporation to also make available

information sufficient for a purpose that the Minister has prescribed by

regulation. New subsection 53 (4.0.1) of the Act also authorizes the Minister

to make regulations governing the disclosure, by those entities, of information

made available to them under subsection 53 (3) of the Act.

SCHEDULE 2

CITY OF TORONTO ACT, 2006

Currently,

section 41

of the City of Toronto Act, 2006 provides that the

City may not designate, operate and maintain a highway as a toll highway until

a regulation is made that applies to the proposed toll highway. The

section is

re-enacted to provide that the City does not have the power to designate,

operate or maintain a highway as a toll highway. The related regulation-making

power in

section 116 is repealed.

Subsection

267 (2) of the Act is amended to provide that the City is not authorized to

impose a tax on individuals in respect of the issuance or validation of a

permit under the Highway Traffic Act for certain

motor vehicles.

SCHEDULE 3

COMMODITY FUTURES ACT

The

Schedule amends the Commodity Futures Act .

The

Act is amended by adding sections 21.4.1 to 21.4.10, which empower the Chief

Executive Officer of the Canadian Investment Regulatory Organization (CIRO) to

appoint employees of CIRO to conduct investigations. The new sections confer

investigative powers on these employees and establish rules about the

confidentiality of information about an investigation. Finally, sections 21.4.9

and 21.4.10 provide that current or former directors, officers, employees or

agents of CIRO are not subject to personal liability for good faith conduct.

Currently,

subsection 55 (1) of the Act makes it an offence to, among other things,

contravene Ontario commodity futures law. Subsection 55 (3) of the Act makes it

an offence for directors or officers to permit or acquiesce in the commission

of an offence under subsection 55 (1). Both of these provisions are amended to

increase the maximum amount of the fine that may be imposed by a court on

conviction from $5 million to $10 million.

Currently,

the Capital Markets Tribunal may make an order requiring a person or company

who has not complied with Ontario commodity futures law to pay an

administrative penalty of not more than $1 million for each failure to comply.

Paragraph 9 of subsection 60 (1) of the Act is amended to increase that amount

to not more than $5 million for each failure to comply.

SCHEDULE 4

EMPLOYER HEALTH TAX ACT

The

Schedule amends the Employer Health Tax Act .

Section

29 of the Act is amended to expand the means by which the Minister may send

notices of assessment under the Act, including by allowing for them to be sent

electronically or by any other means that the Minister prescribes by

regulation.

Other

minor amendments are made to the Act.

SCHEDULE 5

FINANCIAL ADMINISTRATION ACT

Subsection

3 (1) of the Financial Administration Act , which

governs the Minister of Finance’s investments powers, is amended to include

bond forward agreements as a type of investment the Minister is permitted to

purchase, acquire, hold or enter into.

SCHEDULE 6

FUEL TAX ACT

The

definition of “fuel” in the Fuel Tax Act is amended

to reflect that propane is no longer taxable under the Gasoline

Tax Act . The Act is also amended to set a new tax rate for clear fuel.

Various spent provisions are repealed.

SCHEDULE 7

GASOLINE TAX ACT

The

Gasoline Tax Act is amended to eliminate the

taxation of propane under the Act, beginning July 1, 2025. The Act is also

amended to set the tax rates for gasoline and leaded gasoline. A technical

amendment is made to correct a French translation error and various spent provisions

are repealed.

SCHEDULE 8

HIGHWAY 407 EAST ACT, 2012

The

Schedule repeals the Highway 407 East Act, 2012 and

makes consequential amendments to the Highway Traffic Act .

SCHEDULE 9

HIGHWAY TRAFFIC ACT

The

Schedule amends the Highway

Traffic Act in respect of bicycle lanes. Currently, the Act requires the

removal of bicycle lanes in certain circumstances. The Act is amended to require

the Minister to restore for use by motor vehicle traffic certain lanes in the

City of Toronto by reconfiguring the bicycle lanes and to permit the Lieutenant

Governor in Council to order the Minister to restore a lane for use by motor

vehicle traffic by removing or reconfiguring existing bicycle lanes. Related

amendments are made.

new Part provides for certain restrictions and requirements relating to

automated systems described in

Part XIV.1,

Part XIV.2,

Part XIV.3 or

Part

XIV.4, including the following:

1. Contracts

between municipalities and suppliers or vendors of automated camera enforcement

equipment may not provide for payments to the supplier or vendor to be based on

the number of offences or administrative penalties or on a percentage of the

payment or revenue obtained from the system.

2. The

Minister may require a municipality to provide information about automated

speed enforcement systems or red light camera systems, and may direct a

municipality to change the way it operates such a system.

3. Municipalities

are required to publish the location of automated speed enforcement systems and

red light camera systems and, if required by the regulations, to display signs

indicating that such systems may be in use.

4. Related

regulation-making powers are added, including the power to prescribe

circumstances in which an offence notice, summons under the Provincial Offences Act or administrative penalty shall

not be issued for an offence or contravention where the evidence of the offence

or contravention was obtained with an automated speed enforcement system.

provision is added to give the Lieutenant Governor in Council power to make

regulations governing a municipal council’s consideration respecting whether to

designate a community safety zone.

SCHEDULE 10

HISTORICAL PARKS ACT

The

Schedule amends

section 4 of the Historical Parks Act

to allow the Lieutenant Governor in Council to make regulations prescribing that

a provision of the Provincial Parks and Conservation

Reserves Act, 2006 applies to one or more historical parks, clarifying

the application of any provision of the Provincial Parks

and Conservation Reserves Act, 2006 to one or more historical parks and

exempting one or more historical parks from the application of any provision of

the Provincial Parks and Conservation Reserves Act, 2006 .

The

Schedule also adds a new

section 6. Subsection 6 (1) provides that an account

shall be established in the Public Accounts to be known as the Historical Parks

Account in which shall be recorded all Crown revenues related to historical

parks and all expenditures of public money incurred under subsection 6 (2).

Subsection 6 (2) provides that amounts not exceeding the balance in the account

may be charged to the Historical Parks Account and paid out of the Consolidated

Revenue Fund in order to fund expenses incurred by the Crown in connection with

historical parks, to fund refunds of all or part of an amount paid under this

Act, to reimburse the Crown for expenditures incurred by the Crown for these

purposes and to make a payment under subsection 36 (2) of the Provincial Parks and Conservation Reserves Act, 2006 , as

it applies to historical parks, in accordance with

section 4. SCHEDULE 11

LIQUOR TAX ACT, 1996

The

Schedule makes various amendments to the Liquor Tax Act,

1996 . Here are some highlights:

1. Subsection

22 (1) is amended to reduce the basic tax rate that applies in respect of the

purchase of beer manufactured by a brewer that is a microbrewer. This amendment

comes into force on August 1, 2025. A transitional rule is provided for in new

subsection 22 (2.1).

2. A

new subsection 22 (2) is added to deem beer to be made by a brewer that is a

microbrewer, for the purposes of subsection 22 (1), if the beer is made for a

microbrewer pursuant to an agreement or arrangement described in subsection 22

(3.2).

3. Subsection

22 (3) currently provides a limit in respect of a brewer’s worldwide production

of beer in order to be considered a microbrewer for a sales year. The

subsection is amended to change how the limit is determined for sales years

that begin on or after March 2, 2026.

4. Currently,

in order for a brewer to be a microbrewer for a sales year, the brewer must not

have been, in the preceding production year, party to an agreement or other

arrangement pursuant to which any other brewer that is not a microbrewer agreed

to manufacture beer for it. Subsection 22 (3.2) currently provides an exception

if the other brewer was a microbrewer at any point in the production year. The

subsection is re-enacted to also provide an exception, for a sales year

beginning on or after March 2, 2026, for a brewer that operates a brewery in

Ontario where, in the production year, it manufactured commercial quantities of

beer and to also provide an exception for such other circumstances as may be

prescribed by the regulations.

5. Subsection

29.1 (1) currently provides for the basic tax rate that applies for the

purchase of spirits from a distillery retail store. The subsection is amended

to change the basic tax rate from 61.5 of the retail price to 30.75 per cent.

This amendment comes into force on August 1, 2025.

6. A

new

section 29.4 provides that a tax otherwise payable under the Act on alcohol

refreshment beverages does not apply, if so prescribed by the regulations, and

instead the prescribed alternate rate or rates of tax apply. An “alcohol refreshment

beverage” refers to any liquor that contains no more than 7.1 per cent alcohol

by volume and satisfies certain criteria, including that the alcohol is a

specified type or combination or mixture of liquor as may be prescribed by the

regulations.

SCHEDULE 12

MEMBERS OF EXECUTIVE COUNCIL RECOGNITION ACT, 2025

The

Schedule enacts the Members of Executive Council

Recognition Act, 2025 , which provides for the designation of former

members of the Executive Council as Honorary Members of the Executive Council.

Every

member of the Executive Council, including Honorary Members of the Executive

Council, may use the honorific “The Honourable” before the member’s name and

the initials “E.C.O.” after the member’s name.

SCHEDULE 13

MUNICIPAL ACT, 2001

Currently,

section 40 of the Municipal Act, 2001 sets out

provisions respecting municipalities designating, operating and maintaining

highways as toll highways. The

section is re-enacted to provide that

municipalities do not have the power to designate, operate and maintain a

highway as a toll highway.

SCHEDULE 14

NATIONAL CAPITAL CHILDREN’S ONCOLOGY CARE INC. ACT, 1990

The

Schedule amends the National Capital Children’s Oncology

Care Inc. Act, 1990 . A definition of the term “specified property” is

added to the Act and related amendments are made.

SCHEDULE 15

ONTARIO CANNABIS RETAIL CORPORATION ACT, 2017

The

Schedule amends the Ontario Cannabis Retail Corporation

Act, 2017 .

Section

11 of the Act is amended to provide that all by-laws, and not just financial

by-laws as is currently the case, require ministerial approval before they may

take effect.

Section

19 of the Act, which requires the Corporation to pay its net profits into the

Consolidated Revenue Fund, is amended to allow the Minister to issue a

direction to the Corporation in this regard.

SCHEDULE 16

ONTARIO LOAN ACT, 2025

The

Ontario Loan Act, 2025 is enacted. Subsection 1

(1) of the Act authorizes the Crown to borrow a maximum of $27 billion.

SCHEDULE 17

SECURITIES ACT

The

Schedule amends the Securities Act .

The

Act is amended by adding sections 21.12 to 21.21, which empower the Chief

Executive Officer of the Canadian Investment Regulatory Organization (CIRO) to

appoint employees of CIRO to conduct investigations. The new sections confer

investigative powers on these employees and establish rules about the

confidentiality of information about an investigation. Finally, sections 21.20

and 21.21 provide that current or former directors, officers, employees or

agents of CIRO are not subject to personal liability for good faith conduct.

Currently,

subsection 122 (1) of the Act makes it an offence to, among other things,

contravene Ontario securities law. Subsection 122 (3) of the Act makes it an

offence for directors or officers to permit or acquiesce in the commission of

an offence under subsection 122 (1). Both of these provisions are amended to

increase the maximum amount of the fine that may be imposed by a court on

conviction from $5 million to $10 million.

Currently,

the Capital Markets Tribunal may make an order requiring a person or company

who has not complied with Ontario securities law to pay an administrative

penalty of not more than $1 million for each failure to comply. Paragraph 9 of

subsection 127 (1) of the Act is amended to increase that amount to not more

than $5 million for each failure to comply.

SCHEDULE 18

TAXATION ACT, 2007

The

Schedule makes various amendments to the Taxation Act,

2007 .

Currently,

section 97.2 of the Act provides for the Ontario made manufacturing investment

tax credit. A new subsection 97.2 (16.1) sets out circumstances in which a

corporation that has claimed a credit under the

section is required to repay an

amount in respect of the credit to the Ontario Minister. New subsections 97.2

(16.2) and (16.3) set out rules relating to the repayment.

new

section 103.0.7 is added to the Act to implement the Ontario fertility

treatment tax credit. The credit is refundable and will apply for a taxation

year ending after December 31, 2024. The amount of the tax credit for a year is

equal to 25 per cent of the lesser of $20,000 and the sum of an individual’s

eligible fertility treatment expenses. Consequential amendments are made to

sections 84, 103.0.6 and 176.

Various

amendments are made to

Part V.5 of the Act, which currently provides for the

small beer manufacturers’ tax credit. Amendments are

made to subsection 104.14 (1), which currently sets out conditions that must be

met for a corporation to be a qualifying corporation for a sales year.

Subsection 104.15 (1) is amended to provide that for a sale of beer to be an

eligible sale, it must not be a sale of beer that is deemed under the Liquor Tax Act, 1996 to be made by a brewer that

is a microbrewer.

Section 104.16 is amended to provide for the calculation of

the amount of the credit for sales years that begin on March 3, 2025 and end on

March 1, 2026 and for sales years beginning on and after March 2, 2026.

Subsections 104.17 (13) and (14) are amended to change the reference to another

Act in those provisions.

SCHEDULE 19

TOBACCO TAX ACT

Currently,

several offence provisions of the Tobacco Tax Act provide

for a fine of a specified base amount or range as well as an additional fine of

a fixed or minimum amount. Amendments are made to various provisions to

increase the specified base or range amounts and to set a maximum amount with

respect to the additional fine.

new subsection 29.1 (4.2) of the Act provides that it is an offence when a

person contravenes subsection 29.1 (2.0.1) and is found to be in possession of

or to have purchased or received 10,000 or more cigars or 100,000 grams or more

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

or tobacco that is controlled, directly or indirectly, by that person. This new

subsection also provides for a base and additional minimum fine.

Under

a new subsection 29.1 (4.3) of the Act, the offence set out in subsection 29.1

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

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

sale or storage.

Bill 24 2025

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

Contents

of this Act

Commencement

Short

title

Schedule 1

Assessment

Act

Schedule 2

City

of Toronto Act, 2006

Schedule 3

Commodity

Futures Act

Schedule 4

Employer

Health Tax Act

Schedule 5

Financial

Administration Act

Schedule 6

Fuel

Tax Act

Schedule 7

Gasoline

Tax Act

Schedule 8

Highway

407 East Act, 2012

Schedule 9

Highway

Traffic Act

Schedule 10

Historical

Parks Act

Schedule 11

Liquor

Tax Act, 1996

Schedule 12

Members

of Executive Council Recognition Act, 2025

Schedule 13

Municipal

Act, 2001

Schedule 14

National

Capital Children’s Oncology Care Inc. Act, 1990

Schedule 15

Ontario

Cannabis Retail Corporation Act, 2017

Schedule 16

Ontario

Loan Act, 2025

Schedule 17

Securities

Act

Schedule 18

Taxation

Act, 2007

Schedule 19

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

Schedule to this Act provides that any of its provisions are to come into

force on a day to be named by order of the Lieutenant Governor in Council, an

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

different times with respect to any of those provisions.

Short

title

3 The

short title of this Act is the Plan

to Protect Ontario Act (Budget Measures), 2025 .

SCHEDULE 1

ASSESSMENT ACT

The Assessment Act is amended by adding the

following section:

Delivery

of notices

2.1

(1) Any

notice that the assessment corporation provides under this Act to a person shall

be provided in writing and delivered in accordance with subsections (2) and

(3).

Delivery

of notice, residents

(2) If

the person is resident in the municipality or non-municipal territory, as the

case may be, in which the land to which the notice relates is located, the

notice shall be delivered by,

(

a) leaving

it at or mailing it addressed to the person at,

(

i) the

person’s residence or place of business, or

(ii) if

the person has given notice of an address for delivery under subsection (4),

that address; or

(

b) sending

it by electronic means, if the person consents to delivery by electronic means.

Same,

non-residents

(3) If

the person is not resident in the municipality or non-municipal territory, as

the case may be, in which the land to which the notice relates is located, the

notice shall be delivered by,

(

a) mailing

it addressed to the person at the person’s last known address or, if the person

has given notice of an address for delivery under subsection (4), that address;

(

b) sending

it by electronic means, if the person consents to delivery by electronic means.

Address

for delivery

(4) If

the person has given the assessment corporation written notice of an address at

which a notice may be delivered or an email address to be used for delivery of

a notice by electronic means, the assessment corporation shall, until the person,

in writing, advises the assessment corporation otherwise,

(

a) in

the case of an address, use that address as the person’s address for delivery

when delivering a notice to the person; or

(

b) in

the case of an email address, use that email address as the person’s email

address for delivery when delivering a notice by email or otherwise use that

email address as necessary to facilitate sending the notice by electronic

means.

(1) Subsection 11 (1) of the Act is repealed and the following

substituted:

Request

for information

(1) For

any purpose relating to the assessment of land, the assessment corporation may

provide a person who is or may be assessed in respect of the land with a notice

requiring the person to provide any information or produce any document relating

to the assessment of land within such reasonable time as set out in the notice.

(2) Subsection

11 (2) of the Act is amended by striking out “letter” wherever it appears and

substituting in each case “notice”.

“delivered” and substituting “provided”.

(1) Subsection 13 (1) of the Act is amended by,

(

a) striking

version;

(

b) striking

out “delivering or furnishing it” and substituting “providing it”; and

(

c) striking

out “delivering the statement’ and substituting “providing the statement”.

(2) The

“furnishing” and substituting “providing”.

Subsections 16 (9) and (10) of the Act are repealed and the following

substituted:

Refusal

to approve application

(9) Subject

to subsection (10), if, in the opinion of the assessment corporation, the

statements made by an applicant in the applicant’s application under this

section do not show that the applicant is entitled to have the list amended as

requested, the corporation shall provide the applicant with notice that the

application is refused and that,

(

a) the

school support of the applicant as designated on the list prepared under this

section will be confirmed on the notice of assessment to which the applicant is

entitled under

section 31; and

(

b) the

applicant may, upon receipt of the notice of assessment, appeal the school

support designation as confirmed by the assessment corporation to the

Assessment Review Board under

section 40.

Application

considered after provision of notice of assessment

(10) Where

an application under this

section has been received by the assessment

corporation before the day fixed for the return of the roll but has not been

considered by the corporation until after the delivery of the notice of

assessment provided for in

section 31, the assessment corporation shall,

(

a) if

the corporation refuses the application, provide the applicant with notice

that,

(

i) the

inclusion or amendment requested in the application is refused, and

(ii) an

appeal may be taken by appealing to the Assessment Review Board the applicant’s

school support designation as shown on the notice of assessment provided under

section 31; or

(

b) if

the assessment corporation approves the application, provide the applicant with

an amended notice of assessment.

(1) Subsection 19.1 (7) of the Act is repealed and the following

substituted:

Notice

of adjustment

(7) If

an adjustment is made under subsection (5) or (6) and no notice showing the

adjustment is otherwise provided under this Act, the assessment corporation

shall provide notice to the person against whom the land is assessed and to the

municipality within 90 days after making the adjustment.

(2) Subsection

19.1 (8) of the Act is amended by striking out “given” and substituting

“provided”.

by,

(

a) striking

out “shall deliver to” in the portion before clause (

a) and substituting “shall

provide to”;

(

b) striking

out “date of delivery of the notice” in the portion after clause (

c) and

substituting “date on which the notice was provided”;

(

c) striking

out “date or dates upon which the notices were delivered” in the portion after

clause (

c) and substituting “date or dates on which the notices were provided”;

and

(

d) striking

out “of the delivery” at the end of the portion after clause (

c) and

substituting “that the notice or notices were provided”.

(2) The

“deliver” in the portion before clause (

a) and substituting “provide”.

(3) Subsections

31 (2) to (4) of the Act are repealed.

(4) Clause

31 (8) (

a) of the Act is amended by striking out “given” and substituting

“provided”.

(5) Clause

31 (8) (

b) of the Act is amended by striking out “given” and substituting

“provided”.

by striking out “the delivery” and substituting “the provision”.

(2) The

“the delivery” in the portion before paragraph 1 and substituting “the

provision”.

(1) Subsection 35 (1) of the Act is amended by striking out the

portion before paragraph 1 and substituting the following:

Notice

of corrections, etc.

(1) The

assessment corporation shall provide notice to the person against whom land is

assessed if any of the following occur:

. . .

(2) Clause

35 (5) (

a) of the Act is amended by striking out “given” and substituting

“provided”.

(3) Clause

35 (5) (

b) of the Act is amended by striking out “given” and substituting

“provided”.

are amended by striking out “printed” wherever it appears.

(2) Subsection

39.1 (7) of the Act is repealed and the following substituted:

Notice

of reconsideration

(7) For

2017 and subsequent taxation years, the assessment corporation shall provide, to

the person making a request under subsection (1), notice of the results of its

reconsideration no later than 180 days after the request is made. However, if

the assessment corporation provides notice to the person within 180 days after

the request is made that the assessment corporation requires an extension, the

assessment corporation shall provide notice of the results of its

reconsideration no later than 240 days after the request is made.

(3) Subsection

39.1 (8) of the Act is repealed and the following substituted:

Same,

omitted or supplementary assessment

(8) The

assessment corporation shall provide, to the person making a request under

subsection (3) or (3.1), notice of the results of its reconsideration no later

than 180 days after the request is made.

(1) Paragraph 2 of subsection 40 (3.1) of the Act is amended by

striking out “mailed” and substituting “provided”.

(2) Paragraphs

1 and 2 of subsection 40 (5) of the Act are repealed and the following

substituted:

1. If

the assessment corporation has provided a notice of reconsideration required

under subsection 39.1 (7) or (8), 90 days after the issuance date on the notice

provided by the assessment corporation.

2. If

the assessment corporation has not provided a notice of reconsideration within

the time required under subsection 39.1 (7) or (8), 90 days after the notice

should have been provided by the corporation under those subsections.

(3) Subsection

40 (8) of the Act is amended by,

(

a) striking

out “mailed” and substituting “provided”; and

(

b) striking

(4) Clause

40 (26) (

b) of the Act is amended by striking out “mailed” at the end and

substituting “provided”.

Section 41 of the Act is amended by,

(

a) striking

each case “provide”; and

(

b) striking

out “the notice provided for in subsection 31 (4)” at the end and substituting

“notice of an address for delivery for the purposes of subsection 2.1 (4)”.

(1) Subsection 53 (3) of the Act is amended by adding “or for a

purpose prescribed by the Minister” at the end of the portion before paragraph

(2) Section

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

Regulations

(4.0.1) The

Minister may make regulations governing the disclosure, by an entity referred

to in subsection (3), of information made available to it under that

subsection.

City

of Toronto Act, 2006

Clause 294 (8) (

b) of the City of Toronto Act, 2006

is amended by striking out “mailing” and substituting “delivery”.

Municipal

Act, 2001

Clause 331 (8) (

b) of the Municipal Act, 2001 is

amended by striking out “mailing” and substituting “delivery”.

Commencement

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

Schedule

comes into force on January 1, 2026.

(2) Section

13 comes into force on the day the Plan to Protect Ontario

Act (Budget Measures), 2025 receives Royal Assent.

SCHEDULE 2

CITY OF TORONTO ACT, 2006

Section 41 of the City of Toronto Act, 2006 is

repealed and the following substituted:

Toll

highways

(1) The

City does not have the power to designate, operate or maintain a highway as a

toll highway.

Same

(2) For

greater certainty, the limit on the powers of the City set out in subsection

(1) applies regardless of the City’s purpose for designating, operating or

maintaining a highway as a toll highway, including for the purpose of easing

congestion on such highway.

Section 116 of the Act is repealed.

Subsection 267 (2) of the Act is amended by adding the following paragraph:

14. A

tax imposed on an individual in respect of the issuance or validation of a

permit under the Highway Traffic Act for a motor

vehicle belonging to one of the following classes, within the meaning of that

Act, for which a permit may be issued or validated under that Act:

i. Passenger

cars.

ii. Motorcycles.

iii. Motor

assisted bicycles.

iv. Commercial

motor vehicles with a gross weight of not more than 3,000 kilograms and which

are used primarily for personal transportation, but not including buses.

Commencement

This

Schedule comes into force on the day the Plan to

Protect Ontario Act (Budget Measures), 2025 receives Royal Assent.

SCHEDULE 3

COMMODITY FUTURES ACT

The Commodity Futures Act is amended by adding the

following sections:

CIRO,

investigative powers

Definitions,

sections 21.4.2 to 21.4.10

21.4.1 In sections 21.4.2 to

21.4.10,

“CIRO”

means the Canadian Investment Regulatory Organization; (“OCRI”)

“hearing

panel” means a hearing panel established under CIRO’s rules; (“formation

d’instruction”)

“investigator”

means a person appointed under subsection 21.4.3 (1). (“enquêteur”)

Application

of certain sections

21.4.2 Sections 21.4.3 to

21.4.5 and 21.4.8 only apply if CIRO is a self-regulatory organization

recognized by the Commission under

section 16.

Appointment

of investigators

21.4.3

(1) CIRO’s

Chief Executive Officer may, by order, appoint one or more of CIRO’s employees

to make such investigation

with respect to a matter as the Chief Executive Officer considers expedient,

provided that CIRO is empowered under its by-laws or rules to make an

investigation into the matter.

Contents

of order

(2) An

order under subsection (1) shall describe the matter to be investigated.

Scope

of investigation

(3) For

the purposes of an investigation under this section, an investigator may

investigate and inquire into anything referred to in clauses 7 (3) (

a) or (b).

Right

to examine

(4) For

the purposes of an investigation under this section, an investigator may

examine any documents or other things, whether they are in the possession or

control of the person or company in respect of which the investigation is

ordered or of any other person or company.

Other

investigations permitted

(5) Nothing

in this

section limits the ability of CIRO to make investigations under its

rules or by-laws other than by appointing an employee or employees under

subsection (1).

Power

of investigator

21.4.4

(1) An

investigator has the same power to summon and enforce the attendance of any

person and to compel him or her to testify on oath or otherwise, and to summon

and compel any person or company to produce documents and other things, as is

vested in the Superior Court of Justice for the trial of civil actions, and the

refusal of a person to attend or to answer questions or of a person or company

to produce such documents or other things as are in his, her or its custody or

possession makes the person or company liable to be committed for contempt by

the Superior Court of Justice as if in breach of an order of that court.

Rights

of witness

(2) A

person or company giving evidence under subsection (1) may be represented by

counsel and may claim any privilege to which the person or company is entitled.

Order

prohibiting disclosure of investigation

21.4.5

(1) CIRO’s

Chief Executive Officer may make an order prohibiting a person or company from

disclosing to any other person or company any or all of the following

information:

1. The

nature or content of an order or investigation under

section 21.4.3.

2. The

name of any person examined or sought to be examined under

section 21.4.4.

3. Any

testimony given under

section 21.4.4.

4. Any

documents and information obtained under

section 21.4.4.

5. The

nature or content of any questions asked under

section 21.4.4.

6. The

nature or content of any demands for the production of any document or other

thing under

section 21.4.4.

7. The

fact that any document or other thing was produced under

section 21.4.4.

Duration

(2) The

order applies for the period specified in the order.

Limitation,

disclosure to lawyer

(3) The

order does not apply to a disclosure by the person or company to the person’s

or company’s lawyer.

Revocation

or variation of order

(4) If

a hearing panel considers that it would be in the public interest, it may make

an order revoking or varying the order described in subsection (1).

Opportunity

to object

(5) No

order shall be made by the hearing panel under subsection (4) unless the

hearing panel has, where practicable, given reasonable notice and an

opportunity to be heard to,

(

a) persons

and companies named by the hearing panel; and

(

b) in

the case of disclosure of testimony given or information obtained under

section

21.4.4, the person or company that gave the testimony or from which the

information was obtained.

Terms

and conditions

(6) An

the hearing panel.

Review

of hearing panel decision

(7) CIRO’s

Chief Executive Officer or a person or company directly affected by a decision

of the hearing panel made under subsection (4) may apply to the Tribunal for a

hearing and review of the decision, and

section 4 applies to the hearing and

review of the decision in the same manner as it applies to a hearing and review

of a decision of the Director.

Disclosure

of information

21.4.6

(1) CIRO

shall not disclose or produce any testimony given to an investigator under

section 21.4.4 or any documents or things obtained by an investigator under

that

section except for the purposes of an investigation or,

(

a) in

connection with,

(

i) an

examination of a witness, including an examination of a witness under

section

21.4.4,

(ii) a

proceeding commenced or proposed to be commenced by CIRO or to which CIRO is a

party, if the proceeding is related to a matter that is being or has been

investigated, or

(iii) the

settlement of any proceedings or proposed proceedings related to a matter that

is being or has been investigated;

(

b) to

the Commission; or

(

c) as

authorized by an order of the Tribunal issued under subsection (2).

Order

by Tribunal

(2) The

Tribunal may make an order authorizing CIRO to disclose or produce any

testimony, document or thing referred to in subsection (1) to any person or

company if the Tribunal considers that it would be in the public interest, and

subsections 13 (2) to (4) apply with necessary modifications to the Tribunal’s

issuance of an order under this section.

Notice

to Commission

(3) In

a proceeding for an order under subsection (2), the Commission shall be given

notice and may appear at the proceeding as a party.

Restrictions

on Commission

(4) If

CIRO discloses or produces any testimony, documents or things to the Commission

under subsection (1), sections 12 and 13 apply with respect to the testimony,

documents or things in the same manner as those provisions apply to testimony given

under

section 9 and documents or other things obtained under that section.

Disclosure

to police

21.4.7 Testimony given under

subsection 21.4.4 (1) shall not be disclosed by CIRO or any person or company

to any of the following persons without the written consent of the person from

whom the testimony was obtained:

1. A

member of a municipal, provincial, federal or other police service.

2. A

person responsible for the enforcement of the criminal law of Canada or of any

other country or jurisdiction.

Power

of hearing panel

21.4.8

(1) If CIRO

is empowered under its by-laws or rules to conduct hearings, a hearing panel

may, by summons,

(

a) require

any person to give evidence on oath or affirmation at an oral hearing or an

electronic hearing; and

(

b) require

any person or company to produce in evidence at an oral hearing or an

electronic hearing documents and things specified by the hearing panel.

Limitation

(2) A

hearing panel may only require a person or company to give evidence or produce

in evidence documents and things under subsection (1) if the evidence,

documents or things are relevant to the subject-matter of the proceeding and

admissible at the hearing.

Application

of the SPPA

(3) Subsections

12 (2) to (7) of the Statutory Powers Procedure Act

apply, with necessary modifications, with respect to a summons under subsection

(1) and, if a hearing panel issues a summons under that subsection, sections

11, 13 and 14 of the Statutory Powers Procedure Act

apply with necessary modifications.

Definitions

(4) In

this section, “electronic hearing” and “oral hearing” have the same meanings as

in the Statutory Powers Procedure Act .

CIRO

liability

personal liability

21.4.9

(1) No cause

of action arises against any current or former director, officer, employee or

agent of CIRO 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 an order recognizing CIRO under

section 16, or that has been assigned to

CIRO under

section 20, or for any alleged neglect or default or other omission

in the exercise or performance of those powers, duties and functions.

Canadian

Investment Regulatory Organization vicariously liable

(2) Subsection

(1) does not relieve CIRO 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 the Crown not prevented

(3) This

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

Proceedings

barred

21.4.10

(1) No

proceeding shall be commenced against any person specified in subsection 21.4.9

(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 or any

proceeding that is specifically provided for under this Act, 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.

(1) Subsection 55 (1) of the Act is amended by striking out “$5

million” in the portion after clause (

c) and substituting “$10 million”.

(2) Subsection

55 (3) of the Act is amended by striking out “$5 million” and substituting “$10

million”.

Paragraph 9 of subsection 60 (1) of the Act is amended by striking out “$1

million” and substituting “$5 million”.

Commencement

This

Schedule comes into force on the day the Plan to

Protect Ontario Act (Budget Measures), 2025 receives Royal Assent.

SCHEDULE 4

EMPLOYER HEALTH TAX ACT

Health Tax Act is amended by adding “and” at the end of clause (a).

(1) Section 29 of the Act is amended by adding the following

subsections:

Notices

of assessment

(1.1) A

notice of assessment under subsection 8 (2) may also be sent by regular mail or

electronically or by any other means prescribed by the Minister.

Same

(1.2) If

a notice of assessment under subsection 8 (2) is made available to a taxpayer

electronically, such as by being made available through an electronic account,

the Minister shall notify the taxpayer at the email address that the taxpayer

most recently provided to the Minister, and the notice of assessment shall be

considered to have been sent to the taxpayer on the date on which the taxpayer

is sent the notification email.

(2) The

the end of clause (a).

(3) The

the end of clause (a).

(1) Subsection 30 (1) of the Act is repealed.

(2) Subsection

30 (1.1) of the Act is amended by striking out “Subject to subsection (1.3)” at

the beginning.

(3) Subsection

30 (1.2) of the Act is amended by,

(

a) striking

out “Subject to subsection (1.3)” at the beginning; and

(

b) striking

out “subsection (1) or (1.1)” and substituting “subsection (1.1)”.

(4) Subsections

30 (1.3) and (1.4) of the Act are repealed.

(1) Clause 38 (1) (

a) of the Act is amended by adding “other than

any matter referred to in this Act as being prescribed by the Minister” at the

end.

(2) Section

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

Minister’s

regulations

(2) The

Minister may make regulations prescribing any matter referred to in this Act as

being prescribed by the Minister.

Commencement

This

Schedule comes into force on the day the Plan to

Protect Ontario Act (Budget Measures), 2025 receives Royal Assent.

SCHEDULE 5

FINANCIAL ADMINISTRATION ACT

Subsection 3 (1) of the Financial Administration Act

is amended by adding the following clause:

(f.1) bond

forward agreements;

Commencement

This

Schedule comes into force on the day the Plan to

Protect Ontario Act (Budget Measures), 2025 receives Royal Assent.

SCHEDULE 6

FUEL TAX ACT

Clauses (

b) and (

c) of the definition of “fuel” in subsection 1 (1) of the Fuel Tax Act are repealed and the following substituted:

(

b) gasoline

or aviation fuel on which the tax imposed by the Gasoline

Tax Act has been paid,

(

c) hydrogen,

(

d) propane;

(1) Clause 2 (1) (

b) of the Act is amended by striking out “14.3

cents” at the beginning and substituting “9 cents”.

(2) Subsection

2 (1.1) of the Act is repealed.

Subsections 21 (6.1), (6.2) and (6.3) of the Act are repealed.

Section 21.0.1 of the Act is repealed.

Clause 29 (2) (

x) of the Act is repealed.

Commencement

This

Schedule comes into force on July 1, 2025 or, if the Plan

to Protect Ontario Act (Budget Measures), 2025 receives Royal Assent

after that day, this

Schedule is deemed to have come into force on that day.

SCHEDULE 7

GASOLINE TAX ACT

(1) The definition of “gasoline” in subsection 1 (1) of the Gasoline Tax Act is amended by striking out “methanol”

wherever it appears and substituting in each case “methanol, propane”.

(2) The

definition of “manufacturer” in subsection 1 (1) of the Act is amended by

striking out “gasoline, propane or aviation fuel” and substituting “gasoline or

aviation fuel”.

(3) The

definition of “propane in bulk” in subsection 1 (1) of the Act is repealed.

(4) The

definition of “purchaser” in subsection 1 (1) of the Act is repealed and the

following substituted:

“purchaser”

means a person who, within Ontario, purchases or receives delivery of gasoline

or aviation fuel for the person’s own use or consumption or for the use or

consumption by others at the person’s expense, or on behalf of or as agent for

a principal who is acquiring the gasoline or aviation fuel for use or

consumption by the principal or by others at the principal’s expense and

includes an interjurisdictional carrier who acquires or receives gasoline for

the carrier’s own use or consumption or for the use or consumption of others at

the carrier’s expense; (“acheteur”)

(1) Subsections 2 (1) to (1.2) of the Act are repealed and the

following substituted:

Tax

on gasoline

(1) Every

purchaser of gasoline shall pay to the Minister a tax at the rate of 9 cents

per litre on all gasoline purchased by, delivered to or used by the purchaser.

Tax

on leaded gasoline

(1.1) Despite

subsection (1), every purchaser of leaded gasoline shall pay to the minister a

tax at the rate of 17.7 cents per litre on all leaded gasoline purchased by,

delivered to or used by the purchaser.

(2) Subsection

2 (3) of the Act is repealed.

(3) Subsection

2 (4) of the Act is repealed.

(4) Section

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

Same,

propane

(4.3.2) Every

interjurisdictional carrier who acquires propane anywhere shall pay a tax at

the rate of 0 cents per litre on all propane used by the interjurisdictional

carrier in Ontario to generate power in a qualified motor vehicle.

Subsection 11 (6.0.1) of the Act is amended by striking out “gasoline, propane

or aviation fuel” wherever it appears and substituting in each case “gasoline

or aviation fuel”.

The French version of subsection 15 (6) of the Act is amended by striking out

“autrement qu’en vrac” and substituting “autre que de l’essence en vrac ou du

carburant aviation en vrac”.

(1) Subsection 16 (1.1) of the Act is amended by striking out

“gasoline, aviation fuel and propane” and substituting “gasoline and aviation

fuel”.

(2) Subsection

16 (10) of the Act is amended by striking out “samples of gasoline, aviation

fuel or propane” and substituting “samples of the contents of the tank”, by

striking out “sample of gasoline, aviation fuel or propane” and substituting

“sample of the contents of the tank” and by striking out “any gasoline,

aviation fuel or propane” and substituting “any contents of the tank”.

Section 17 of the Act is amended by striking out “aviation fuel in bulk,

gasoline in bulk or propane in bulk” wherever it appears and substituting in

each case “aviation fuel in bulk or gasoline in bulk”.

(1) Subsection 28 (4) of the Act is amended by adding “and subject

to subsection (4.1)” after “subsection (1)”.

(2) Subsections

28 (4.1), (4.2) and (4.3) of the Act are repealed and the following

substituted:

Limitation,

overpayments in respect of tax on propane

(4.1) Despite

subsection (1), no refund or application of an overpayment shall be made under

this

section if the overpayment resulted from the payment of a greater amount

of tax on propane than the amount that is actually payable unless an application

in respect of the overpayment is made to the Minister on or before July 1,

(3) Subsection

28 (5) of the Act is amended by striking out “subsection (4)” at the end and

substituting “subsections (4) and (4.1)”.

The French version of clause 28.1 (1.1) (

b) of the Act is amended by striking

out “les habitants” and substituting “les habitants indiens”.

Section 28.1.1 of the Act is repealed.

Clause 33 (2) (

m) of the Act is repealed.

The Act is amended by striking out “gasoline, aviation fuel or propane”

wherever it appears and substituting in each case “gasoline or aviation fuel”,

except in subsection 32 (1).

The Act is amended by striking out “aviation fuel, gasoline or propane”

wherever it appears and substituting in each case “aviation fuel or gasoline”.

The Act is amended by striking out “gasoline in bulk, aviation fuel in bulk or

propane in bulk” wherever it appears and substituting in each case “gasoline in

bulk or aviation fuel in bulk”.

Commencement

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

Schedule

comes into force on July 1, 2025 or, if the Plan to

Protect Ontario Act (Budget Measures), 2025 receives Royal Assent after

that day, this

Schedule is deemed to have come into force on that day.

(2) Section

8 comes into force on the day the Plan to Protect Ontario

Act (Budget Measures), 2025 receives Royal Assent.

SCHEDULE 8

HIGHWAY 407 EAST ACT, 2012

The Highway 407 East Act, 2012 is repealed.

Consequential

amendments

Item 11 of the Table to subsection 4.2 (2) of the Highway

Traffic Act is amended by striking out “or the Highway 407 East” at the

end of subparagraph ix in Column 1.

Clause (

b) of the definition of “toll highway” in

section 191.1 of the Act, as

re-enacted by subsection 22 (2) of

Schedule 19 to the Stronger,

Fairer Ontario Act (Budget Measures), 2017 , is repealed.

(1) Subsection 191.2 (2) of the Act is amended by striking out “the Highway 407 Act, 1998 or the Highway

407 East Act, 2012 ” at the end and substituting “or the Highway 407 Act, 1998 ”.

(2) Subsection

191.2 (2) of the Act, as re-enacted by subsection 22 (2) of

Schedule 19 to the Stronger, Fairer Ontario Act (Budget Measures), 2017 , is

amended by striking out “the Highway 407 Act, 1998

or the Highway 407 East Act, 2012 ” at the end and

substituting “or the Highway 407 Act, 1998 ”.

Commencement

(1) Except as otherwise provided

in this section, this

Schedule comes into force on a day to be named by order

of the Lieutenant Governor in Council.

(2) Section 3 and subsection 4 (2) come into force on the

later of the day subsection 22 (2) of

Schedule 19 to the Stronger,

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

section 1

comes into force.

SCHEDULE 9

HIGHWAY TRAFFIC ACT

The title to

Part XII of the Highway Traffic Act is

repealed and the following substituted:

PART XII

MUNICIPAL BY-LAWS

Section 195.2 of the Highway Traffic Act is amended

by adding the following definition:

“Avenue

Road” includes Queen’s Park Crescent East and Queen’s Park Crescent West; (“chemin

Avenue”)

Subsection 195.5 (1) of the Act is repealed and the following substituted:

Direction

to restore lane

(1) After

reviewing the information provided under subsection 195.4 (1), the Minister may

inform the Lieutenant Governor in Council of the results of the review and the

Lieutenant Governor in Council may issue an order directing the Minister to

restore the lane or part of the lane for use by motor vehicle traffic and, for

that purpose, the order may direct the Minister to,

(

a) remove

the bicycle lane or part of the bicycle lane and any related features or

adjacent infrastructure; or

(

b) reconfigure

the bicycle lane or part of the bicycle lane and any related features or

adjacent infrastructure.

Section 195.6 of the Act is repealed and the following substituted:

Existing

lanes in the City of Toronto, direction to restore

195.6 Subject to any

prescribed exemptions or modifications, the Minister shall restore a lane for

motor vehicle traffic on Bloor Street, University Avenue, Avenue Road, and

Yonge Street, in the City of Toronto, by reconfiguring bicycle lanes, or parts

of bicycle lanes, located on those streets, and any related features or

adjacent infrastructure.

Subclause 195.10 (1) (d) (iii) of the Act is amended by striking out “for use

by motor vehicle traffic”.

Clause 195.11 (4) (

c) of the Act is amended by striking out “for use by motor

vehicle traffic” at the end.

Clause 195.18 (2) (

c) of the Act is repealed and the following substituted:

(

c) modifying

the requirement described in

section 195.6, including requiring the Minister to

remove a bicycle lane or part of a lane and any related features or adjacent

infrastructure;

The Act is amended by adding the following Part:

PART XIV.5

AUTOMATED CAMERA ENFORCEMENT FOR ROAD SAFETY

Information

and data

206.3

(1) The

Minister may require a municipality that operates an automated system described

Part XIV.1,

Part XIV.2,

Part XIV.3 or

Part XIV.4 to collect, keep and

promptly provide to the Minister such information and data as the Minister

requires.

Direction

re operation of system

(2) Upon

receiving and considering the information and data, the Minister may direct a

municipality to change the manner in which the municipality conducts or operates

an automated system and the municipality shall promptly comply.

Location

of cameras; signs

(3) A

municipality that operates an automated speed enforcement system under

Part

XIV.1 or a red light camera system under

Part XIV.2 shall,

(

a) make

information about the locations at which cameras may be in use publicly

available and, if the municipality maintains a website, publish the locations

on the website; and

(

b) if

required by the regulations, display signs to indicate to drivers that an automated

speed enforcement system under

Part XIV.1 or a red light camera system under

Part XIV.2 may be in use.

Regulations

206.4

(1) The Lieutenant

Governor in Council may make regulations,

(

a) requiring

and governing the display of signs referred to in clause 206.3 (3) (b);

(

b) providing

that, and prescribing circumstances in which, where the evidence of an offence

or contravention was obtained with an automated speed enforcement system, an

offence notice, summons under clause 3 (2) (

b) of the Provincial

Offences Act or administrative penalty under

section 21.1 of this Act

shall not be issued.

Same

(2) In

the event of a conflict between the regulations made under clause (1) (

b) and

the Provincial Offences Act , the regulation

prevails.

The Act is amended by adding the following

section to

Part XIV.5:

Restriction

re payment of camera suppliers or vendors

206.5 A contract between a

municipality and a supplier or vendor of automated camera enforcement equipment

that is entered into by the municipality to facilitate an automated system

described in

Part XIV.1,

Part XIV.2,

Part XIV.3 or

Part XIV.4 shall not include

a provision that allocates payment or compensation to the supplier or vendor

based on the number of offence notices issued or on the number of

administrative penalty orders imposed or on a percentage of any payment or

revenue obtained from the use of the automated camera enforcement equipment.

Section

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

Regulations

(9) The

Lieutenant Governor in Council may make regulations governing the consideration

under subsection (1) of whether public safety is of special concern on a part

of a highway, including establishing criteria to be considered by the council

of a municipality.

Commencement

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

Schedule

comes into force on the day the Plan to Protect Ontario

Act (Budget Measures), 2025 receives Royal Assent.

(2) Sections

9 and 10 come into force on a day to be named by order of the Lieutenant

Governor in Council.

SCHEDULE 10

HISTORICAL PARKS ACT

(1) Section 4 of the Historical Parks Act

is amended by adding “Subject to any regulation made under subsection (2) of

this section” at the beginning.

(2) Section

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

Regulations

(2) The

Lieutenant Governor in Council may make regulations,

(

a) prescribing

that a provision of the Provincial Parks and Conservation

Reserves Act, 2006 applies to one or more historical parks;

(

b) clarifying

the application of any provision of the Provincial Parks

and Conservation Reserves Act, 2006 to one or more historical parks;

(

c) exempting

one or more historical parks from the application of any provision of the Provincial Parks and Conservation Reserves Act, 2006

referred to in subsection (1).

The Act is amended by adding the following section:

Historical

Parks Account

(1) An

account shall be established in the Public Accounts to be known as the

in which shall be recorded the following amounts:

1. All

Crown revenues related to historical parks.

2. All

expenditures of public money incurred under subsection (2).

Authorized

expenditures

(2) Amounts

not exceeding the balance in the account may be charged to the Historical Parks

Account and paid out of the Consolidated Revenue Fund for the following

purposes:

1. To

fund expenses incurred by the Crown in connection with historical parks.

2. To

fund refunds of all or part of an amount paid under this Act.

3. To

make a payment under subsection 36 (2) of the Provincial

Parks and Conservation Reserves Act, 2006 , as it applies to historical

parks, in accordance with

section 4.

4. To

reimburse the Crown for expenditures incurred by the Crown, directly or

indirectly, for a purpose described in paragraph 1 or 2.

Same

(3) Funding

or reimbursements described in subsection (2) may be provided in respect of

expenditures incurred by the Crown before the day

section 2 of

Schedule 10 to

the Plan to Protect Ontario Act (Budget Measures), 2025

came into force.

Commencement

This

Schedule comes into force on a day to be named by order of the Lieutenant

Governor in Council.

SCHEDULE 11

LIQUOR TAX ACT, 1996

(1) Paragraph 1 of subsection 22 (1) of the Liquor

Tax Act, 1996 is amended by striking out “subtracting 36.49 cents” and

substituting “subtracting 54.47 cents”.

(2) Paragraph

2 of subsection 22 (1) of the Act is amended by striking out “subtracting 49.99

cents” and substituting “subtracting 69.86 cents”.

(3) Section

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

Same

(2) For

the purposes of subsection (1), beer is deemed to be made by a brewer that is a

microbrewer if the beer is made for a microbrewer pursuant to an agreement or

other arrangement described in subsection (3.2).

(4) Section

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

Transition

(2.1) If

the beer sold to the purchaser was received by a collector before August 1,

2025 and then sold to the purchaser on or after August 1, 2025, the basic tax

payable by the purchaser in respect of the purchase of the beer shall be

calculated at the basic tax rate in effect on July 31, 2025.

(5) Paragraph

1 of subsection 22 (3) of the Act is amended by adding “For a sales year

beginning before March 2, 2026” at the beginning.

(6) Subsection

22 (3) of the Act is amended by adding the following paragraph:

1.1 For

a sales year beginning on or after March 2, 2026,

i. the

brewer’s average annual worldwide production of beer,

A. in

the preceding production year was not more than 49,000 hectolitres, or

B. in

the five preceding production years, excluding any production years in which

the brewer’s worldwide production was zero, was not more than 49,000

hectolitres, or

ii. if

this is the first production year in which it manufactures beer, its worldwide

production of beer for the production year is expected to be not more than

49,000 hectolitres.

(7) Subsection

22 (3.2) of the Act is repealed and the following substituted:

Exception

(3.2) Despite

paragraph 2 of subsection (3), a brewer may be a party to an agreement or other

arrangement with another brewer that is not a microbrewer without affecting the

first brewer’s status as a microbrewer under subsection (3) if,

(

a) the

other brewer was a microbrewer at any point in the production year referred to

in paragraph 2 of subsection (3); or

(

b) for

a sales year beginning on or after March 2, 2026,

(

i) the

first brewer operates a brewery in Ontario where, in the production year

referred to in paragraph 2 of subsection (3), it manufactured commercial

quantities of beer, or

(ii) such

other circumstances, as may be prescribed by the regulations, exist.

Subsection 29.1 (1) of the Act is amended by striking out “the basic tax rate

of 61.5 per cent” and substituting “the basic tax rate of 30.75 per cent”.

The Act is amended by adding the following section:

alcohol refreshment

beverages

Alternate

tax rates re alcohol refreshment beverages

29.4

(1) Despite

sections 21 to 29.3, if so prescribed by the regulations, a tax otherwise

payable under any of those sections does not apply in respect of an alcohol

refreshment beverage and instead the prescribed alternate rate or rates of tax

apply.

Interpretation

(2) For

the purposes of subsection (1) and clause 71 (2) (f.1), a reference to “alcohol

refreshment beverage” refers to any liquor that contains no more than 7.1 per

cent alcohol by volume and is,

(

a) except

as may be prescribed by the regulations, a ready-to-consume cooler, hard

seltzer or other premixed cocktail made from spirits, wine, beer or fermented

sugar, or from any combination of the four; or

(

b) a

specified type or combination or mixture of liquor as may be prescribed by the

regulations.

Subsection 71 (2) of the Act is amended by adding the following clause:

(f.1) providing

that a tax otherwise payable under this Act on one or more classes of alcohol

refreshment beverages does not apply and prescribing an alternate rate or rates

of tax that must be paid on them instead, and providing for any other matter

that the Minister considers advisable in connection with the administration of

the tax, including providing for transitional matters that may arise due to the

alternate rate;

Commencement

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

Schedule

comes into force on the day the Plan to Protect Ontario

Act (Budget Measures), 2025 receives Royal Assent.

(2) Subsections

1 (1), (2) and (4) and

section 2 come into force on August 1, 2025 or, if the Plan to Protect Ontario Act (Budget Measures), 2025 receives

Royal Assent after that day, they are deemed to have come into force on that

day.

SCHEDULE 12

MEMBERS OF EXECUTIVE COUNCIL RECOGNITION ACT, 2025

Honorary

members of the Executive Council

(1) Every

individual who is a former member of the Executive Council on the day this Act

comes into force and every individual who becomes a former member of the

Executive Council after that day, is designated as an Honorary Member of the

Executive Council.

Limitation

(2) An

individual who is an Honorary Member of the Executive Council is not a member

of the Executive Council for the purposes of the Executive

Council Act or any other enactment that confers rights, obligations or

privileges on members of the Executive Council.

Use

of honorific and titles

(3) Subject

to subsection (4), an Honorary Member of the Executive Council may use the

honorific and title set out in

section 2. Exception,

conviction of an offence

(4) If

a former member of the Executive Council is convicted of an offence that could

have been prosecuted by way of indictment, that former member of the Executive

Council is not entitled to,

(

a) be

an Honorary Member of the Executive Council; or

(

b) use

the honorific or title set out in

section 2.

Honorific and title

Every

member of the Executive Council, including an Honorary Member of the Executive

Council, may use the following to indicate membership or former membership in

the Executive Council:

1. The

member’s name.

2. The

Commencement

The Act set out in this

Schedule comes into force on the day the Plan to Protect Ontario Act (Budget Measures), 2025

receives Royal Assent.

Short

title

The

short title of the Act set out in this

Schedule is the Members of Executive Council Recognition Act, 2025 .

SCHEDULE 13

MUNICIPAL ACT, 2001

Section 40 of the Municipal Act, 2001 is repealed

and the following substituted:

Toll

highways

(1) A

municipality does not have the power to designate, operate or maintain a

highway as a toll highway.

Same

(2) For

greater certainty, the limit on the powers of a municipality set out in

subsection (1) applies regardless of a municipality’s purpose for designating,

operating or maintaining a highway as a toll highway, including for the purpose

of easing congestion on such highway.

Commencement

This

Schedule comes into force on the day the Plan to

Protect Ontario Act (Budget Measures), 2025 receives Royal Assent.

SCHEDULE 14

NATIONAL CAPITAL CHILDREN’S ONCOLOGY CARE INC. ACT, 1990

Section 1 of the National Capital Children’s Oncology Care

Inc. Act, 1990 is repealed and the following substituted:

Interpretation

(1) In

this Act,

“specified

property” means the land, as defined in the Assessment Act ,

municipally known as 407 Smyth Road, in the City of Ottawa.

Same

(2) In

this Act, a reference to “National Capital Children’s Oncology Care Inc.” is a

reference to “National Capital Children’s Oncology Care Inc./Soins Oncologiques

pour les enfants de la Capitale Nationale Inc.”.

(1) Subsection 2 (1) of the Act is repealed and the following

substituted:

Tax

exemption

(1) The

council of the City of Ottawa may pass by-laws exempting from taxes for

municipal and school purposes, other than local improvement rates, the

specified property, occupied by the National Capital Children’s Oncology Care

Inc., so long as the specified property is occupied and used solely for the

purposes of National Capital Children’s Oncology Care Inc.

(2) Section

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

Non-exempt

portion of land

(3) For

greater certainty, if any portion of the specified property is occupied and

used by an entity other than the National Capital Children’s Oncology Care

Inc., that portion of the land so occupied and used is not exempt from taxation

under a by-law passed under subsection (1).

Transition

(4) If

the City of Ottawa passed a by-law under subsection (1), as it read immediately

before the day the Plan to Protect Ontario Act (Budget

Measures), 2025 received Royal Assent, the by-law is deemed to have been

passed under subsection (1), as amended by that Act.

Retroactive

application

(5) A

by-law passed by the City of Ottawa under subsection (1) may provide that it

applies to the specified property retroactively to a date prior to the day the Plan to Protect Ontario Act (Budget Measures), 2025

receives Royal Assent.

Section 3 of the Act is repealed.

The

Schedule to the Act is repealed.

Commencement

This

Schedule comes into force on the day the Plan to

Protect Ontario Act (Budget Measures), 2025 receives Royal Assent.

SCHEDULE 15

ONTARIO CANNABIS RETAIL CORPORATION ACT, 2017

Subsection 11 (2) of the Ontario Cannabis Retail

Corporation Act, 2017 is repealed and the following substituted:

Minister’s

approval

(2) A

by-law, including a by-law that amends or repeals another by-law, does not take

effect until it is approved by the Minister.

Same,

financial by-laws

(3) If

the Minister is not the Minister of Finance, a by-law relating to borrowing,

investing or managing financial risks, including a by-law that amends or

repeals such a by-law, does not take effect until it is approved by, in

addition to the Minister, the Minister of Finance.

Subsection 19 (1) of the Act is repealed and the following substituted:

Payments

into Consolidated Revenue Fund

(1) The

Corporation shall determine its net profits and pay them into the Consolidated

Revenue Fund and, if a direction has been issued under subsection (1.1), shall

do so in accordance with the direction.

Ministerial

direction

(1.1) The

Minister may direct the manner in which net profits are to be determined by the

Corporation as well as the time at which and the manner in which payments are

to be made by the Corporation into the Consolidated Revenue Fund.

Same

(1.2) A

direction under subsection (1.1) may indicate the specific amounts,

representing the Minister’s determination of the Corporation’s net profits, to

be paid into the Consolidated Revenue Fund by the Corporation.

Minister

of Finance

(1.3) If

the Minister is not the Minister of Finance, the Minister of Finance may also

issue a direction to the Corporation under subsection (1.1).

Timing

of payments

(1.4) If

no direction has been issued under subsection (1.1) or if the direction issued

under that subsection does not provide for the times at which payments must be

made under subsection (1), the payments must be made on a monthly basis.

Commencement

This

Schedule comes into force on the day the Plan to

Protect Ontario Act (Budget Measures), 2025 receives Royal Assent.

SCHEDULE 16

ONTARIO LOAN ACT, 2025

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 $27 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, 2027.

Same

(2) The

Crown shall not borrow money after December 31, 2028 under the authority of an

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

December 31, 2028,

(

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 Plan to Protect Ontario Act (Budget Measures), 2025

receives Royal Assent.

Short

title

The

short title of the Act set out in this

Schedule is the Ontario Loan Act, 2025 .

SCHEDULE 17

SECURITIES ACT

The Securities Act is amended by adding the

following sections:

CIRO,

investigative powers

Definitions,

sections 21.13 to 21.21

21.12 In sections 21.13 to

21.21,

“CIRO”

means the Canadian Investment Regulatory Organization; (“OCRI”)

“hearing

panel” means a hearing panel established under CIRO’s rules; (“formation

d’instruction”)

“investigator”

means a person appointed under subsection 21.14 (1). (“enquêteur”)

Application

of certain sections

21.13 Sections 21.14 to 21.16

and 21.19 only apply if CIRO is a self-regulatory organization recognized by

the Commission under

section 21.1.

Appointment

of investigators

21.14

(1) CIRO’s

Chief Executive Officer may, by order, appoint one or more of CIRO’s employees

to make such investigation

with respect to a matter as the Chief Executive Officer considers expedient,

provided that CIRO is empowered under its by-laws or rules to make an

investigation into the matter.

Contents

of order

(2) An

order under subsection (1) shall describe the matter to be investigated.

Scope

of investigation

(3) For

the purposes of an investigation under this section, an investigator may

investigate and inquire into anything referred to in clauses 11 (3) (

a) or (b).

Right

to examine

(4) For

the purposes of an investigation under this section, an investigator may

examine any documents or other things, whether they are in the possession or

control of the person or company in respect of which the investigation is

ordered or of any other person or company.

Other

investigations permitted

(5) Nothing

in this

section limits the ability of CIRO to make investigations under its

rules or by-laws other than by appointing an employee or employees under

subsection (1).

Power

of investigator

21.15