On Thursday morning, MPs are expected to start second reading on a bill which outlines the management of Rouge National Urban Park – Canada’s first national urban park.
Bill C-18, An Act to amend the Rouge National Urban Park Act, the Parks Canada Agency Act and the Canada National Parks Act would amend the Rouge National Urban Park Act “to set out priorities in respect of factors to be considered in the management of the park. Additionally, it adds land to the park. It also amends the Parks Canada Agency Act to allow the New Parks and Historic Sites Account to be used in a broader manner. Finally, it amends the Canada National Parks Act to modify the boundary of Wood Buffalo National Park of Canada.”
Also on Thursday’s agenda is Bill C-25 which stands at second reading stage. This bill proposes changes to the corporate governance regime for companies incorporated under the Canada Business Corporations Act (CBCA). Among the proposed changes are that certain corporations would be required to make annual disclosure relating to diversity among their directors and members of senior management.
Bill C-25, An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act, and the Competition Act
Bill summary and complete text of the legislation, can be accessed here.
Backgrounder and FAQs, outlining proposed changes to the CBCA and other Acts.
Time permitting, MPs may also return to second reading debate of Bill C-30 – to implement the Comprehensive Economic and Trade Agreement between Canada and the European Union and its Member States.
Bill C-30, An Act to implement the Comprehensive Economic and Trade Agreement between Canada and the European Union and its Member States and to provide for certain other measures
Short title: Canada-European Union Comprehensive Economic and Trade Agreement Implementation Act
Bill summary and text can be accessed here.
Private members’ business
NPD finance critic, Guy Caron, will have the opportunity to make the case for his private members’ bill – which seeks to address a tax disadvantage that business people, farmers, and fishing vessel operators face when they want to pass their business on to a child rather than a stranger – when it receives its first hour of debate at second reading.
C-274, An Act to amend the Income Tax Act (transfer of small business or family farm or fishing corporation)
Bill summary: “This enactment amends the Income Tax Act in order to provide that, in the case of qualified small business corporation shares and shares of the capital stock of a family farm or fishing corporation, siblings are deemed not to be dealing at arm’s length and to be related, and that, under certain conditions, the transfer of those shares by a taxpayer to the taxpayer’s child or grandchild who is 18 years of age or older is to be excluded from the anti-avoidance rule of section 84.1.”
- The government has given notice that a bill entitled “An Act to amend the Canada Elections Act and to make consequential amendments to other Acts”, will be introduced in the coming days.
- Notice has also been given for the introduction of a bill entitled, “An Act to amend the Public Service Labour Relations Act and other Acts”.