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Economic and Fiscal Update Implementation Act, 2021 (S.C. 2022, c. 5)

Assented to 2022-06-09

PART 2Underused Housing Tax Act (continued)

Consequential Amendments

R.S., c. A-1Access to Information Act

  •  (1) Schedule II to the Access to Information Act is amended by adding, in alphabetical order, a reference to

    • Underused Housing Tax Act

      Loi sur la taxe sur les logements sous-utilisés

    and a corresponding reference to “section 32”.

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on January 1, 2022.

R.S., c. B-3; 1992, c. 27, s. 2Bankruptcy and Insolvency Act

  •  (1) Subsection 149(3) of the Bankruptcy and Insolvency Act is amended by striking out “and” at the end of paragraph (f), by adding “and” at the end of paragraph (g) and by adding the following after that paragraph:

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on January 1, 2022.

R.S., c. C-46Criminal Code

 Paragraph 462.48(2)(c) of the Criminal Code is replaced by the following:

  • (c) the type of information or book, record, writing, return or other document obtained by or on behalf of the Minister of National Revenue for the purposes of Part IX of the Excise Tax Act, the Income Tax Act, the Excise Act, 2001 or the Underused Housing Tax Act to which access is sought or that is proposed to be examined or communicated; and

R.S., c. E-15Excise Tax Act

  •  (1) Subsection 229(2) of the Act is replaced by the following:

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on January 1, 2022.

  •  (1) Subsection 230(2) of the Act is replaced by the following:

    • Marginal note:Restriction

      (2) An amount paid on account of net tax for a reporting period of a person shall not be refunded to the person under subsection (1) at any time, unless all returns of which the Minister has knowledge and that are required to be filed at or before that time by the person under this Act, the Income Tax Act, the Air Travellers Security Charge Act, the Excise Act, 2001 and the Underused Housing Tax Act have been filed with the Minister.

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on January 1, 2022.

  •  (1) Section 263.02 of the Act is replaced by the following:

    Marginal note:Restriction on rebate

    263.02 A rebate under this Part shall not be paid to a person at any time, unless all returns of which the Minister has knowledge and that are required to be filed at or before that time by the person under this Act, the Income Tax Act, the Air Travellers Security Charge Act, the Excise Act, 2001 and the Underused Housing Tax Act have been filed with the Minister.

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on January 1, 2022.

  •  (1) Subsection 296(7) of the Act is replaced by the following:

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on January 1, 2022.

R.S., c. F-11Financial Administration Act

R.S., c. T-2Tax Court of Canada Act

  •  (1) Paragraph 18.29(3)(a) of the Act is amended by striking out “or” at the end of subparagraph (vii), by replacing “and” at the end of subparagraph (viii) with “or” and by adding the following after subparagraph (viii):

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on January 1, 2022.

  •  (1) Subsection 18.31(2) of the Act is replaced by the following:

    • Marginal note:Determination of a question

      (2) If it is agreed under section 310 of the Excise Tax Act, section 97.58 of the Customs Act, section 51 of the Air Travellers Security Act, section 204 of the Excise Act, 2001, section 62 of the Softwood Lumber Products Export Act, 2006, section 121 of the Greenhouse Gas Pollution Pricing Act or section 45 of the Underused Housing Tax Act that a question should be determined by the Court, sections 17.1, 17.2 and 17.4 to 17.8 apply, with any modifications that the circumstances require, in respect of the determination of the question.

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on January 1, 2022.

R.S., c. 1 (2nd Supp.)Customs Act

  •  (1) The description of B in paragraph 97.29(1)(a) of the Customs Act is replaced by the following:

    B
    is the amount, if any, by which the amount assessed the transferee under subsection 325(2) of the Excise Tax Act, subsection 160(2) of the Income Tax Act, subsection 297(3) of the Excise Act, 2001 and subsection 80(3) of the Underused Housing Tax Act in respect of the property exceeds the amount paid by the transferor in respect of the amount so assessed, and
  • (2) Subsection (1) comes into force, or is deemed to have come into force, on January 1, 2022.

R.S., c. 1 (5th Supp.)Income Tax Act

  •  (1) Paragraph 18(1)(t) of the Income Tax Act is amended by striking out “or” at the end of subparagraph (ii), by adding “or” at the end of subparagraph (iii) and by adding the following after subparagraph (iii):

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on January 1, 2022.

 
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