Nunavut Budget 2026

Canada introduces further Pillar Two amendments in Bill C‑31, including new safe harbours and GMTA technical amendments

Bill C‑31, Budget 2025 Implementation Act, No. 2, received first reading on 6 May 2026 and contains significant — though mostly previously announced — proposed amendments to Canada’s Global Minimum Tax Act (GMTA) and Income Tax Act.

CRA intends to postpone new administrative position on GST/HST treatment of trailing commissions

On 13 May 2026, the Canada Revenue Agency (CRA) verbally informed various industry groups that it intends to grant a material extension to the implementation deadline for the application of GST/HST to mutual fund trailing commissions.

Budget 2025 implementation bill no. 2 tabled in the House of Commons

On 6 May 2026, the government tabled Bill C-31, Budget 2025 Implementation Act, No. 2.

Employee ownership trusts are here to stay

The federal Spring Economic Update 2026, tabled on 28 April 2026, signals that employee ownership trusts (EOTs) are set to become a permanent fixture.

Government tables the Spring Economic Update 2026 Implementation Act

On 29 April 2026, Bill C-30, Spring Economic Update 2026 Implementation Act, received first reading in the House of Commons.

Newfoundland and Labrador Budget 2026

Newfoundland and Labrador Finance Minister Craig Pardy tabled the province’s fiscal 2026 budget on 29 April 2026.