Legislative Proposals Relating to the Excise Tax Act

• 1 (1) Schedule I to the Excise Tax Act is amended by adding the following after section 9.1:

  9.2 If excise tax imposed under section 23 of the Act in respect of a quantity of unleaded gasoline, unleaded aviation gasoline, diesel fuel or aviation fuel becomes payable at a time that is after April 19, 2026 and before September 8, 2026, the following rules apply in determining the amount of that tax:

  • (a) the reference to “$0.10” in paragraph 9(a) is to be read as a reference to “$0.00”; and

  • (b) the reference to “$0.04” in section 9.1 is to be read as a reference to “$0.00”.

• (2) Subsection (1) is deemed to have come into force on April 20, 2026.