Canada Parliament Announces Royal Assent to Law Implementing Budget Tax Measures Tabled in November 2025

The Canadian Parliament March 26 announced the same-day royal assent to Law No. C-15, implementing tax measures tabled from the budget in November 2025. The law includes measures: 1) increasing to C$1.25 million (US$897,756), from C$1 million (US$718,205), the Lifetime Capital Gains Exemption limit for qualifying capital gains; 2) exempting the first C$10 million (US$7.2 million) of capital gains arising from the sale of a business to a worker cooperative; 3) increasing the annual expense limit and taxable capital phase-out thresholds for the 35 percent Scientific Research and Experimental Development (SR&ED) tax credit; 4) expanding eligibility for certain clean technology ...