Section 159 Comes into Force July 1, 2024

Summary#

This is the order SI/2023-60, titled Order Fixing July 1, 2024 as the Day on Which Section 159 of the Budget Implementation Act, 2021, No. 1 Comes into Force. It sets July 1, 2024 as the date when section 159 of the Budget Implementation Act, 2021, No. 1 will come into force. The item was published in the Canada Gazette on October 11, 2023.

What it does#

• Fixes July 1, 2024 as the day on which section 159 of the Budget Implementation Act, 2021, No. 1 becomes active.
• Records that the decision was made by the Governor General in Council on the recommendation of the Minister of Finance (referenced as P.C. 2023-908, dated September 25, 2023).

Who's affected#

• The order itself does not say what section 159 contains, so this notice does not identify specific people or sectors.
• In practice, anyone who is subject to or interested in parts of the Budget Implementation Act, 2021, No. 1 should check the text of section 159 (or the Gazette’s Explanatory Note referenced with SI/2023-59) to see whether they will be affected.

Why it matters#

• Setting an in-force date makes that part of the federal budget law operational on July 1, 2024.
• If section 159 changes rules, programs, taxes, or obligations, those changes will start to apply from that date.
• People and organizations tracking federal budget measures should review the actual wording of section 159 (or the related explanatory material) to understand any concrete impacts.