Legislative Proposals Relating to the Excise Tax Act

Legislative Proposals Relating to the Excise Tax Act

• 1 (1) The portion of section 9.2 of Schedule I to the Excise Tax Act before paragraph (a) is replaced by the following:

  9.2 If excise tax imposed under section 23 of the Act in respect of a quantity of unleaded gasoline, unleaded aviation gasoline, leaded aviation gasoline, diesel fuel or aviation fuel becomes payable at a time that is after April 19, 2026 and before February 2027, the following rules apply in determining the amount of that tax:

• (2) Subsection (1) is deemed to have come into force on September 8, 2026.

• 2 (1) Schedule I to the Act is amended by adding the following after section 9.2:

  9.3 If excise tax imposed under section 23 of the Act in respect of a quantity of unleaded gasoline, unleaded aviation gasoline, leaded aviation gasoline, diesel fuel or aviation fuel becomes payable at a time that is after January 2027 and before April 2027, the following rules apply in determining the amount of that tax:

  • (a) the reference to "$0.‍10" in paragraph 9(a) is to be read as a reference to "$0.‍05";

  • (b) the reference to "$0.‍11" in paragraph 9(b) is to be read as a reference to "$0.‍055"; and

  • (c) the reference to "$0.‍04" in section 9.‍1 is to be read as a reference to "$0.‍02".

• (2) Subsection (1) comes into force or is deemed to have come into force on February 1, 2027.