Short Title Short Title 1 This Act may be cited as the  Building Homes Not Bureaucracy Act . Interpretation Definitions 2 The following definitions apply in this Act. Canada Community-Building Fund amount  means an annual amount that may be paid under section 161 of the  Keeping Canada’s Economy and Jobs Growing Act  or section 198 of the  Budget Implementation Act, 2021,  No. 1 . ( paiement du Fonds pour le développement des collectivités du Canada ) high-cost city  means a municipality listed in the schedule. ( ville à coût élevé ) infrastructure funding  means the amount determined under subsection 6(2). ( financement pour les infrastructures ) Minister  means the Minister designated under section 3. ( ministre ) municipal GST rebate  means any amount payable to a high-cost city under section 259 of the  Excise Tax Act . ( remboursement de TPS pour les municipalités ) transit funding  means grants or contributions that may be made by the Government of Canada in respect of a transit project and that are prescribed by regulations. ( financement du transport en commun ) Designation of Minister Power of Governor in Council 3 The Governor in Council may, by order, designate any member of the King’s Privy Council for Canada to be the Minister for the purposes of this Act. Purpose of Act Purpose 4 The purpose of this Act is to build homes, not bureaucracy. National New Housing Target National target 5 The national target for the number of new housing units completed in Canada in a fiscal year beginning after March 31, 2024 is the number determined by the formula A x 1.15 B where A is the number of new housing units completed in Canada in the fiscal year beginning on April 1, 2023; and B is the number determined by the formula C – D where C is the calendar year in which the preceding fiscal year begins; and D is 2023. Infrastructure Funding for Housing Adjustment to amounts payable in respect of infrastructure 6 (1) Despite any other Act of Parliament, any of the following amounts that would be payable to a high-cost city in a fiscal year but for this section is to be adjusted in accordance with subsection (2): (a) a Canada-Community Building Fund amount; and (b) a municipal GST rebate. Infrastructure funding payable in proportion to new housing (2) In a fiscal year, the Minister may pay to a high-cost city an amount determined by the formula A x B/C where A is the amount to be adjusted under subsection (1) in respect of the high-cost city; B is the number of new housing units completed in the high-cost city in the preceding fiscal year; and C is the number determined by the formula D x 1.15 E where D is the number of new housing units completed in the high-cost city in the fiscal year beginning on April 1, 2023; and E is the number determined by the formula F – G where F is the calendar year in which the preceding fiscal year begins; and G is 2023. Circumstances (3) The Minister may adjust infrastructure funding payable to a high-cost city if the Minister is of the opinion that any of the following circumstances prevented the number of new housing units completed in the high-cost city in a given fiscal year from reaching the number determined for the description of C in subsection (2): (a) a national emergency; (b) a natural disaster; (c) a serious recession; or (d) war or an act of terrorism. Maximum payment of $100 million 7 (1) The Minister may make payments to municipalities, the total of which may not exceed $100 million, for the purpose of providing additional funding to municipalities in which a significant number of new housing units are completed beyond their share of the national target determined under section 5. The amount of each payment is to be determined by the Minister. Payments out of C.R.F. (2) Any amount payable under subsection (1) may be paid by the Minister out of the Consolidated Revenue Fund at the times and in the manner, and on any terms and conditions, that the Minister considers appropriate. Transit Funding for Housing Payments to trust 8 (1) Any transit funding allocated to a high-cost city is to be paid into a trust established to hold the funding until a high-cost city meets the criteria for payment under subsection (2). Transit funding (2) An amount equal to the amount paid into the trust for a transit project in a high-cost city may be paid from the trust to the high-cost city only after the prescribed number of high-density housing units is built and substantially occupied on all available land within a prescribed zone around the transit stations included in the transit project. Conditions Prescribed information 9 In order for a high-cost city to receive infrastructure funding or transit funding, it must, in the prescribed time and manner, provide the prescribed information to the Minister. Building permit process 10 (1) In order for a high-cost city to receive infrastructure funding or transit funding, it must not (a) unduly restrict or delay the approval of building permits for housing, including by means of restrictive zoning requirements or excessive administrative requirements; or (b) unjustifiably reject building permits for housing, including for the sole purpose of meeting the requirement under subsection (2). Approval within six months (2) If the average time to approve or reject a building permit for housing in a high-cost city is more than six-months, the high-cost city is presumed to unduly delay the approval of building permits for housing, unless the high-cost city demonstrates to the satisfaction of the Minister that the delay is due to reasons beyond its control. Complaints (3) An eligible person who has reasonable grounds to believe that a high-cost city has unduly restricted or delayed the approval of building permits may make a complaint to the Minister in accordance with the regulations. Withholding Funding Direction to reduce contribution 11 (1) If the Minister is of the opinion that a high-cost city has failed to comply with section 9 or 10 in a fiscal year, the Minister may, in proportion to the severity of the failure and subject to the regulations, direct that any infrastructure funding or transit funding payable to the high-cost city be reduced by a prescribed amount for the fiscal year. Written reasons (2) Within 30 days after the day on which the Minister directs that funding be withheld under subsection (1), the Minister must provide written reasons for doing so to the high-cost city concerned. Regulations Regulations 12 The Governor in Council may make regulations (a) defining  transit project  for the purposes of this Act; (b) prescribing, for the purposes of the definition  transit funding  in section 2, any grants and contributions that may be provided to a high-cost city in respect of transit projects by the Government of Canada; (c) defining  serious recession  for the purposes of paragraph 6(3)(c); (d) defining  high-density ,  transit station  and  substantially occupied  for the purposes of subsection 8(2); (e) prescribing the number of high-density housing units and the zones around transit stations for the purposes of subsection 8(2); (f) prescribing, for the purposes of section 9, information that is to be provided to the Minister and the time and manner for providing it; (g) defining  unduly restrict or delay ,  restrictive zoning requirements ,  excessive administrative  requirements  and  unjustifiably reject  for the purposes of subsection 10(1); (h) respecting complaints for the purposes of subsection 10(3), including regulations defining  eligible person ; (i) establishing conditions that must be met before the Minister must direct reduction of funding and prescribing amounts by which funding is to be reduced; (j) defining  high-cost region  for the purposes of section 13; and (k) for the administration of this Act and for carrying its purposes and provisions into effect. Addition to schedule 13 (1) The Governor in Council may, by order, add the name of a municipality to the schedule, if (a) the Governor in Council is satisfied that (i) the population of the municipality is 200,000 or more, and (ii) the benchmark home price in the municipality is more than five times the median household income in the municipality; or (b) the municipality is located in a high-cost region as defined by regulation. Removal from schedule (2) The Governor in Council may, by order, remove the name of a municipality from the schedule, if (a) the Governor in Council is satisfied that the municipality no longer meets the conditions in paragraphs (1)(a) and (b); or (b) the municipality is located in a region that is no longer a high-cost region as defined by regulation. Report to Parliament Annual report by Minister 14 (1) As soon as feasible after the end of each fiscal year but no later than December 31 following the end of that fiscal year, the Minister must prepare a report  respecting  the administration and operation of this Act for that fiscal year. Contents of report (2) The report must include (a) the amount of the infrastructure funding and transit funding paid to high-cost cities; (b) a description of any directions made under subsection 11(1); (c) information on the number of new housing units built and on high-density residential construction in areas surrounding transit stations in high-cost cities that received payments; and (d) a description of initiatives by high-cost cities to increase their supply of housing. Tabling in Parliament (3) The Minister must cause the report to be tabled in each House of Parliament on any of the first 15 days on which that House is sitting after the report is completed. Publication (4) The Minister must publish the report on the departmental website within 10 days after the day on which it is tabled in each House of Parliament. Amendments to other Acts R.S., c. C-7 Canada Mortgage and Housing Corporation Act 15 Section 9 of the  Canada Mortgage and Housing Corporation Act  is renumbered as subsection 9(1) and is amended by adding the following: Restriction on performance bonus (2) No performance bonus is payable to a member of the Executive Committee unless the national target determined under section 5 of the  Building Homes Not Bureaucracy Act  is achieved each year. Reduction of compensation (3) If the average time to approve or reject an application referred to in section 4.1 of the  National Housing Act  is more than 60 days for a continuous period of six months, the salary of the members of the Executive Committee is to be reduced by 50% until the average time is reduced to no more than 60 days. Governor in Council (4) The Governor in Council may suspend the operation of subsection (3) if the Governor in Council is of the opinion that the suspension is justified. Revocation (5) If the average time to approve or reject an application referred to in section 4.1 of the  National Housing Act  is more than 60 days for a continuous period of 12 months, the Governor in Council must revoke the appointment of the members of the Executive Committee unless the Governor in Council is of the opinion that sufficient reasons exist not to do so. 16 Section 13 of the Act is amended by adding the following after subsection (2): Restriction on bonus (2.1) No performance bonus is payable to an officer or employee employed by the Corporation at the executive level unless the national target under section 5 of the  Building Homes Not Bureaucracy Act  is achieved each year. Reduction of compensation (2.2) If the average time to approve or reject an application referred to in section 4.1 of the  National Housing Act  is more than 60 days for a continuous period of six months, the salary of every officer or employee employed by the Corporation at the executive level is to be reduced by 50% until the average time is reduced to no more than 60 days. Governor in Council (2.3) The Governor in Council may suspend the operation of subsection (2.2) if the Governor in Council is of the opinion that the suspension is justified. Termination (2.4) If the average time to approve or reject an application referred to in section 4.1 of the  National Housing Act  is more than 60 days for a continuous period of 12 months, the President must terminate the employment of every officer or employee employed by the Corporation at the executive level unless the President is of the opinion that sufficient reasons exist not to do so. 17 The Act is amended by adding the following after section 16: Regulations Regulations 16.1 The Governor in Council may make regulations defining  executive level  and  performance bonus  for the purposes of sections 9 and 13. R.S., c. E-15 Excise Tax Act 18 (1) Paragraph 172.2(1)(c) of the  Excise Tax Act  is replaced by the following: (c) is payable under subsection 165(1), or is deemed under section 191 to have been paid, by the master pension entity in respect of a taxable supply to the master pension entity of a residential complex, an addition to a residential complex or land if, in respect of that supply, the master pension entity is entitled to claim a rebate under section 256.2  or 256.201  or would be so entitled after paying the tax payable in respect of that supply. (2) Paragraph 172.2(1)(c) of the Act is replaced by the following: (c) is payable under subsection 165(1), or is deemed under section 191 to have been paid, by the master pension entity in respect of a taxable supply to the master pension entity of a residential complex, an addition to a residential complex or land if, in respect of that supply, the master pension entity is entitled to claim a rebate under section 256.2 or would be so entitled after paying the tax payable in respect of that supply. 19 The Act is amended by adding the following after section 256.2: Definitions 256.201 (1) The definitions in this subsection apply in this section. first use , in respect of a residential unit, means the first use of the unit after the construction or last substantial renovation of the unit or, in the case of a unit that is situated in a multiple unit residential complex, of the complex or addition to the complex in which the residential unit is situated is substantially completed. ( première utilisation ) qualifying residential unit  of a person, at a particular time, means (a) a residential unit of which, at or immediately before the particular time, the person is the owner, a co-owner, a lessee or a sub-lessee or has possession as purchaser under an agreement of purchase and sale, or a residential unit that is situated in a residential complex of which the person is, at or immediately before the particular time, a lessee or a sub-lessee, where (i) at the particular time, the unit is a self- contained  residence, (ii) the person holds the unit (A) for the purpose of making exempt supplies of the unit that are included in section 5.1, 6.1, 6.11 or 7 of Part I of Schedule V, (A.1) for the purpose of making exempt supplies of property or a service that includes giving possession or use of the unit to a person under a lease to be entered into for the purpose of its occupancy by an individual as a place of residence, or (B) if the complex in which the unit is situated includes one or more other residential units that would be qualifying residential units of the person without regard to this clause, for use as the primary place of residence of the person, (iii) it is the case, or can reasonably be expected by the person at the particular time to be the case, that the first use of the unit is or will be (A) as the primary place of residence of the person or a relation of the person, or of a lessor of the complex or a relation of that lessor, for a period of at least one year or for a shorter period where the next use of the unit after that shorter period is as described in clause (B), or (B) as a place of residence of individuals, each of whom is given continuous occupancy of the unit, under one or more leases, for a period, throughout which the unit is used as the primary place of residence of that individual, of at least one year or for a shorter period ending when (I) the unit is sold to a recipient who acquires the unit for use as the primary place of residence of the recipient or of a relation of the recipient, or (II) the unit is taken for use as the primary place of residence of the person or a relation of the person or of a lessor of the complex or a relation of that lessor, and (iii.1) it is the case, or can reasonably be expected by the person at the particular time to be the case, that the average rent payable for a unit in the complex in which the unit is situated is or will be less than the market rate as determined by regulation for the market in which the unit is located, (iv) except where subclause (iii)(B)(II) applies, if, at the particular time, the person intends that, after the unit is used as described in subparagraph (iii), the person will occupy it for the person’s own use or the person will supply it by way of lease as a place of residence or lodging for an individual who is a relation, shareholder, member or partner of, or not dealing at arm’s length with, the person, the person can reasonably expect that the unit will be the primary place of residence of the person or of that individual; or (b) a prescribed residential unit of the person. ( habitation admissible ) relation  has the meaning assigned by subsection 256(1). ( proche ) self-contained residence  means a residential unit (a) that is a suite or room in a hotel, a motel, an inn, a boarding house or a lodging house or in a residence for students, seniors, individuals with a disability or other individuals; or (b) that contains private kitchen facilities, a private bath and a private living area. ( résidence autonome ) Reference to “lease” (2) In this section, a reference to a “lease” shall be read as a reference to a “lease, licence or similar arrangement”. Rebate in respect of land and building for residential rental accommodation (3) If (a) a particular person, other than a cooperative housing corporation, (i) is the recipient of a taxable supply by way of sale (in this subsection referred to as the “purchase from the supplier”) from another person of a residential complex or of an interest in a residential complex and is not a builder of the complex, or (ii) is a builder of a residential complex, or of an addition to a multiple unit residential complex, that gives possession or use of a residential unit in the complex or addition to another person under a lease entered into for the purpose of its occupancy by an individual as a place of residence that results in the particular person being deemed under section 191 to have made and received a taxable supply by way of sale (in this subsection referred to as the “deemed purchase”) of the complex or addition, (b) at a particular time, tax first becomes payable in respect of the purchase from the supplier or tax in respect of the deemed purchase is deemed to have been paid by the person, (c) at the particular time, the complex or addition, as the case may be, is a qualifying residential unit of the person or includes one or more qualifying residential units of the person, and (d) the person is not entitled to include the tax in respect of the purchase from the supplier, or the tax in respect of the deemed purchase, in determining an input tax credit of the person, the Minister shall, subject to subsections (7) and (8), pay a rebate to the person equal to the total of all amounts each of which is an amount, in respect of a residential unit that forms part of the residential complex or addition, as the case may be, and is a qualifying residential unit of the person at the particular time, that is equal to the total of the tax under subsection 165(1) that is payable in respect of the purchase from the supplier or is deemed to have been paid in respect of the deemed purchase. Rebate in respect of sale of building and lease of land (4) If (a) a person, other than a cooperative housing corporation, is a builder of a residential complex or of an addition to a multiple unit residential complex and the person makes (i) an exempt supply by way of sale, included in section 5.1 of Part I of Schedule V, of a building or part of a building, and (ii) an exempt supply, included in section 7 of that Part, of land by way of lease or an exempt supply, included in that section, by way of assignment of a lease in respect of land, (b) the lease provides for continuous possession or use of the land for a period of at least twenty years or it contains an option to purchase the land, (c) those supplies result in the person being deemed under section 191 to have made and received a taxable supply by way of sale of the complex or addition and to have paid tax at a particular time in respect of that supply, (d) in the case of a multiple unit residential complex or an addition to such a complex, the complex or addition, as the case may be, includes, at the particular time, one or more qualifying residential units of the person, (e) the person is not entitled to include the tax deemed to have been paid by the person in determining an input tax credit of the person, and (f) in the case of an exempt supply by way of sale of a single unit residential complex or a residential condominium unit, the recipient of that supply is entitled to claim a rebate under subsection 254.1(2) in respect of the complex or unit, the Minister shall, subject to subsections (7) and (8), pay a rebate to the person equal to the total of all amounts each of which is an amount, in respect of a residential unit that forms part of the complex or addition, as the case may be, and is, in the case of a multiple unit residential complex or an addition to such a complex, a qualifying residential unit of the person at the particular time, that is equal to the total of the tax under subsection 165(1) that is payable in respect of the purchase from the supplier or is deemed to have been paid in respect of the deemed purchase. Rebate for cooperative housing corporation (5) If (a) a cooperative housing corporation (in this subsection referred to as the “cooperative”) (i) is the recipient of a taxable supply by way of sale (in this subsection referred to as the “purchase from the supplier”) from another person of a residential complex or of an interest in a residential complex and is not a builder of the complex, or (ii) is a builder of a residential complex, or of an addition to a multiple unit residential complex, who makes an exempt supply by way of lease included in section 6 of Part I of Schedule V that results in the cooperative being deemed under section 191 to have made and received a taxable supply by way of sale (in this subsection referred to as the “deemed purchase”) of the complex or addition and to have paid tax in respect of that supply, (b) the cooperative is not entitled to include the tax in respect of the purchase from the supplier, or the tax in respect of the deemed purchase, in determining an input tax credit of the cooperative, and (c) at any time at which a residential unit included in the complex is a qualifying residential unit of the cooperative, the cooperative first gives occupancy of the unit after its construction or last substantial renovation under an agreement for a supply of that unit that is an exempt supply included in section 6 of Part I of Schedule V, the Minister shall, subject to subsections (7) and (8), pay a rebate to the cooperative in respect of that unit equal to the amount that is equal to the total of the tax under subsection 165(1) that is payable in respect of the purchase from the supplier or is deemed to have been paid in respect of the deemed purchase. Rebate for land leased for residential purposes (6) If (a) a person makes an exempt supply of land (i) that is a supply included in paragraph 7(a) of Part I of Schedule V made to a person described in subparagraph (i) of that paragraph, or that is a supply, included in paragraph 7(b) of that Part, of a site in a residential trailer park, and (ii) that results in the person being deemed under any of subsections 190(3) to (5), 200(2), 206(4) and 207(1) to have made and received a taxable supply by way of sale of the land and to have paid tax, at a particular time, in respect of that supply, (b) in the case of an exempt supply of land described in paragraph 7(a) of Part I of Schedule V, the residential unit that is or is to be affixed to the land is or will be so affixed for the purpose of its use and enjoyment as a primary place of residence for individuals, and (c) the person is not entitled to include the tax deemed to have been paid by the person in determining an input tax credit of the person, the Minister shall, subject to subsections (7) and (8), pay a rebate to the person equal to the amount that is equal to the total of the tax under subsection 165(1) that is payable in respect of the purchase from the supplier or is deemed to have been paid in respect of the deemed purchase. Application for rebate and payment of tax (7) A rebate shall not be paid to a person under this section unless (a) the person files an application for the rebate within two years after (i) in the case of a rebate under subsection (5), the end of the month in which the person makes the exempt supply referred to in subparagraph (5)(a)(ii), (ii) in the case of a rebate under subsection (6), the end of the month in which the tax referred to in that subsection is deemed to have been paid by the person, and (iii) in any other case of a rebate in respect of a residential unit, the end of the month in which tax first becomes payable by the person, or is deemed to have been paid by the person, in respect of the unit or interest in the unit or in respect of the residential complex or addition, or interest therein, in which the unit is situated; (b) if the rebate is in respect of a taxable supply received by the person from another person, the person has paid all of the tax payable in respect of that supply; and (c) if the rebate is in respect of a taxable supply in respect of which the person is deemed to have collected tax in a reporting period of the person, the person has reported the tax in the person’s return under Division V for the reporting period and has remitted all net tax remittable, if any, as reported in that return. Special rules (8) For the purposes of this section, (a) if, at any time, substantially all of the residential units in a multiple unit residential complex containing ten or more residential units are residential units in respect of which the condition set out in subparagraph (a)(iii) of the definition  qualifying residential unit  in subsection (1) is satisfied, all of the residential units in the complex are deemed to be residential units in respect of which that condition is satisfied at that time; and (b) except in the case of residential units referred to in paragraph (a) of the definition  self-contained residence  in subsection (1), (i) the two residential units that are located in a multiple unit residential complex containing only those two residential units are deemed to together form a single residential unit, and the complex is deemed to be a single unit residential complex and not to be a multiple unit residential complex, and (ii) if a residential unit (in this subparagraph referred to as a “specified unit”) in a building affords direct internal access (with or without the use of a key or similar device) to another area of the building that is all or part of the living area of a particular residential unit, the specified unit is deemed to be part of the particular residential unit and not to be a separate residential unit. Restrictions (9) No rebate shall be paid to a person under this section if all or part of the tax included in determining the rebate would otherwise be included in determining a rebate of the person under any of sections 254, 256, 256.1 and 259 and, in determining the rebate of a person under this section, there shall not be included any amount of tax that the person is, under an Act of Parliament (other than this Act) or any other law, (a) not required to pay or remit; or (b) entitled to recover by way of a rebate, refund or remission. Repayment of rebate (10) If a person was entitled to claim a rebate under subsection (3) in respect of a qualifying residential unit (other than a unit located in a multiple unit residential  complex)  and, within one year after the unit is first occupied as a place of residence after the construction or last substantial renovation of the unit was substantially completed, the person makes a supply by way of sale (other than a supply deemed under section 183 or 184 to have been made) of the unit to a purchaser who is not acquiring the unit for use as the primary place of residence of the purchaser or of a relation of the purchaser, the person shall pay to the Receiver General an amount equal to the rebate plus interest at the prescribed rate less 2% per year, calculated on that amount for the period beginning on the day the rebate was paid or applied to a liability of the person and ending on the day the amount of the rebate is paid by the person to the Receiver General. Repayment of rebate — average market rent (11) If a person was entitled to claim a rebate under this section in respect of a qualifying residential unit and the average rent payable for a unit in the residential complex in which the unit is situated was not less than the market rate as determined by regulation for the market in which the unit is located for a continuous period of five years beginning on the day on which the supply in respect of which the person was entitled to claim a rebate was paid occurred, the person shall pay to the Receiver General an amount equal to the rebate plus interest at the prescribed rate less 2% per year, calculated on that amount for the period beginning on the day the rebate was paid or applied to a liability of the person and ending on the day the amount of the rebate is paid by the person to the Receiver General. R.S., c. N-11 National Housing Act 20 The  National Housing Act  is amended by adding the following after section 4: 60-day standard 4.1 The Corporation must ensure that applications made to a funding program under this Act that supports new housing construction are approved or rejected on average no later than 60 days after the day on which the application is received by the Corporation. Report to Parliament Report on inventory of federal property 21 (1) No later than 90 days after the day on which this Act receives royal assent, the Minister of Public Works and Government Services must prepare a report (a) listing all buildings and land owned by His Majesty in right of Canada; (b) identifying land owned by His Majesty in right of Canada that could be made available for housing construction; and (c) proposing a plan to sell at least 15 per cent of any federal buildings and all land owned by His Majesty in right of Canada that would be appropriate for housing construction. Land not appropriate for housing construction (2) For the purposes of paragraph (1)(c), land is not appropriate for housing construction if it is (a) certified by the Minister of the Environment, or a person designated by that Minister, as being ecologically sensitive land, the conservation and protection of which is, in the opinion of that Minister or the designated person, important to the preservation of Canada’s environmental heritage; (b) located in part or in whole within a national park of Canada listed in Schedule 1 of the  Canada National Parks Act ; (c) certified by the President of the Treasury Board as being essential to the provision of government services; or (d) certified by the Minister National Defence or the Minister of Public Safety as being essential for the purposes of national security. Tabling (3) The Minister of Public Works and Government Services must cause the report to be tabled in each House of Parliament no later than 120 days after the day on which this Act receives royal assent or, if either House is not then sitting, on any of the first 15 days on which that House is sitting. Publication (4) The Minister of Public Works and Government Services must publish the report on the website of the Department of Public Works and Government Services within 10 days after the day on which it is tabled in each House of Parliament. Obligation to place on the market 22 (1) No later than 12 months after the day on which the report prepared under section 21 is tabled in a House of Parliament, the Minister of Public Works and Government Services must ensure that 15 per cent of any federal buildings and all land owned by His Majesty in right of Canada that would be appropriate for housing construction are placed on the market for sale. Explanation (2) If, within 14 months after the day on which the report prepared under section 21 is tabled in a House of Parliament, 15 per cent of any federal buildings and all land owned by His Majesty in right of Canada that would be appropriate for housing construction have not been placed on the market, the Minister of Public Works and Government Services must table in each House of Parliament a statement of the reasons for not doing so. Report on reallocation from Housing Accelerator Fund 23 No later than 30 days after the day on which this Act receives royal assent, the Minister must prepare a report that includes a plan to reallocate $1.3 billion from any amounts allocated or planned to be allocated in the estimates of the government to the Housing Accelerator Fund in order to offset the payments made under subsection 7(1) and to offset the rebates provided for under section 19 and must cause the report to be tabled in each House of Parliament on any of the first 15 days on which that House is sitting after the report is completed. Coming into Force April 1, 2025 24 Section 6 comes into force, or is deemed to have come into force, on April 1, 2025. Three years after assent 25 Subsection 18(2) comes into force three years after the day on which this Act receives royal assent. Repeal Repeal of section 19 26 Section 19 is repealed three years after the day on which this Act receives royal assent.