Canada Passes Bill C‑15 to Strengthen Trade and Economic Growth
Trade Update • March 29, 2026
Key Points
- Bill C‑15, the Budget Implementation Act, 2025 (No. 1) received Royal Assent on March 26, 2026, putting Budget 2025 measures into law.
- Legislation includes investment incentives, tax changes, and infrastructure funding to support economic growth and job creation.
- The Trade Diversification Corridors Fund (TDCF) will expand export capacity at ports, railways, and roads, improving supply chain resilience beyond U.S. markets.
- Nearly $186 million over five years to prioritize domestic suppliers and materials in federal procurement, particularly steel, aluminum, and softwood lumber.
- The First and Last Mile Fund supports mining and infrastructure projects to bring critical minerals to market.
- Over $25 billion in measures protect sectors affected by U.S. tariffs and trade disruptions, including liquidity support, employment programs, and training for 50,000+ workers.
Bill C‑15, the Budget Implementation Act, 2025, received Royal Assent on March 26, 2026. The law focuses on strengthening Canada’s economy, supporting trade growth, and building resilience for businesses and workers. It provides incentives for investment, clean technology, and research and development. Major infrastructure projects will improve domestic and international trade flows. The legislation also supports affected sectors, modernizes public services, and delivers benefits and tax relief to Canadians.
Economic and Business Measures
Investment Incentives
- Productivity Super-Deduction allows immediate write-off of new capital investments.
- Clean Electricity ITC and Clean Economy ITCs support renewable energy and carbon capture projects.
- Enhanced SR&ED incentives simplify R&D funding and reduce claim processing times.
Housing and Community Programs
- Build Canada Homes accelerates affordable housing construction.
- National School Food Program Act ensures meals for up to 400,000 children annually.
- Personal Support Workers Tax Credit provides up to $1,100 per year.
Financial Sector Reforms
- Banks must prevent and report consumer-targeted fraud.
- Faster access to deposited funds reduces dependence on short-term credit.
- Credit unions can more easily expand and compete.
- Consumer-driven banking framework enables secure sharing of financial data.
- Regulated stablecoins foster trust in digital payments.
Trade and Infrastructure
- New funding streams improve ports, railways, and roads to increase Canada’s export reach.
- Federal programs support the development of mining and critical minerals supply chains.
- Investments in Northern and Indigenous communities boost local trade and economic growth.
- High-speed rail from Toronto to Québec City speeds up the movement of goods and passengers.
- Support measures assist industries affected by tariffs, including training and financial relief for workers.
Minister’s Statement
“By passing the Budget Implementation Act, we are delivering on our commitment to invest in Canada’s future and build an economy that is strong and resilient to global shocks. These are bold investments in our long-term prosperity – driving economic growth, modernizing our tax and financial systems, and creating a more efficient government – helping us build the strongest economy in the G7.”
How GHY Can Help?
GHY specializes in helping businesses navigate and reduce the impacts of tariffs through strategic solutions tailored to their needs. Our experts can audit your supply chain to identify inefficiencies, uncover cost-saving opportunities, and ensure compliance with evolving trade regulations. We also employ tariff engineering techniques to optimize product classification and sourcing strategies, minimizing duty exposure and maximizing profitability.
By partnering with GHY, your business gains access to the tools and expertise needed to streamline operations and stay competitive in a challenging trade environment.
Contact Us Today! Booking a Meeting, email consult@ghy.com, or call +1 (800) 667-0771.
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