Consultation on draft legislative proposals to implement certain tax measures announced in Budget 2025 or earlier
Current status: Closed
This consultation sought views and feedback on draft legislative proposals to implement certain tax measures announced in Budget 2025 or earlier.
This engagement process gave all interested members of the public the opportunity to provide input on the following tax measures:
- Qualified Investments for Registered Plans,
- Reporting by Non-profit Organizations,
- 21-Year Rule,
- Canada Carbon Rebate for Households (Winding Down),
- Immediate Expensing for Manufacturing and Processing Buildings,
- Clean Hydrogen Investment Tax Credit (Methane Pyrolysis and Technical Amendments),
- Carbon Capture, Utilization and Storage Investment Tax Credit (Technical Amendments),
- Tax Deferral Through Tiered Corporate Structures,
- Eligible activities under the Canadian Exploration Expense,
- Hybrid Mismatch Arrangements,
- Investment Income Derived from Assets Supporting Canadian Insurance Risks, and
- Global Minimum Tax Act (Technical Amendments).
The consultation ran from January 29, 2026 to February 27, 2026. Thank you to everyone who participated.
Key questions for consideration
This consultation sought feedback on the above listed tax measures.
What's next?
Comments received during the consultation will be considered and used to revise and finalize these legislative proposals for eventual inclusion in a bill to be tabled in Parliament.
While this formal consultation has now concluded, Canadians are welcome to share their ideas and comments with the Department of Finance at any time.