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ARTICLE · 15 MAY 2024

Budget Implementation Act, 2024, No. 1: Proposed Legislative Amendments Relevant To Financial Services Regulation

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On April 30, the federal government (the Government) tabled the Budget Implementation Act, 2024, No. 1 (the Bill), which was tabled as a Notice of Ways and Means Motion...

CanadaFinance and Banking
Marissa Daniels
Marissa Daniels
Eli Monas
Eli Monas
Peter Aziz
Peter Aziz
Blair Keefe
Blair Keefe
Brigitte Goulard
Brigitte Goulard
Aaron Emes
Aaron Emes
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On April 30, the federal government (the Government) tabled the Budget Implementation Act, 2024, No. 1 (the Bill), which was tabled as a Notice of Ways and Means Motion on April 30th, then introduced for First Reading on May 2 as Bill C-69. In our previous bulletins, we discussed the introduction of consumer-driven banking legislation in Budget 2024 and the Bill. In this bulletin, we discuss other long-awaited key legislative amendments relevant to financial services regulation.

What you need to know

  • The Bill sets out several amendments relevant to financial services providers, including regulated financial institutions, reporting entities and non-regulated lenders, in order to implement certain Government objectives set out in Budget 2024.

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