Canadian Legislation for Budget 2025 and Other Measures Receives Royal Assent

Canada's Department of Finance has announced the passage of the Budget Implementation Act, 2025, No. 1 (Bill C-15), which received royal assent (was enacted) on 26 March 2026, including measures from Budget 2025 and certain others. Some of the main measures are summarized as follows:

• The Scientific Research and Experimental Development (SR&ED) program is enhanced by increasing the annual expenditure limit to CAD 6 million and raising lower and upper taxable capital phase-out thresholds…