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Ottawa, February 5, 2002
2002-013

Legislation Introduced for 2001 Budget Initiatives

Related documents:

• Backgrounder.
• Explanatory Notes Relating to the Air Travellers Security Charge and to Income Tax - Adobe Acrobat Version (166,435 bytes).

Secretary of State (International Financial Institutions) John McCallum, on behalf of Finance Minister Paul Martin, today introduced legislation to implement provisions of the budget tabled in the House of Commons on December 10, 2001.

The legislation includes measures to:

• establish the Canadian Air Transport Security Authority to deliver improved security at Canadian airports and on board flights;
• implement the Air Travellers Security Charge as of April 1, 2002, to fund the air security enhancements;
• implement amendments to the Employment Insurance Act related to maternity and parental benefits in certain situations;
• implement income tax amendments that were announced in the 2001 budget;
• implement the $2-billion Canada Strategic Infrastructure Fund, which will provide assistance to large infrastructure projects in co-operation with municipal and provincial governments, as well as with the private sector; and
• provide for the new $500-million Africa Fund to help reduce poverty, provide primary education and set Africa on a sustainable path to a brighter future.

Minister Martin today released explanatory notes relating to the Air Travellers Security Charge Act and to the amendments to the Income Tax Act included in the bill. Also released were draft Interest Rate Regulations under the new Air Travellers Security Charge Act and draft amendments to the Income Tax Regulations to implement the measures announced in the budget relating to qualified limited partnerships and to renewable energy and energy efficiency.

The attached backgrounder provides a summary of the key components of the bill.

The explanatory notes and draft regulations can be viewed free of charge on the Department of Finance Web site. Printed copies of the document are available for $10 from the Department’s Distribution Centre at (613) 995-2855.

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