Plan to Protect Ontario Act (Budget Measures), 2026

RÉSUMÉ DU REGISTRE OFFICIEL

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SCHEDULE 1 BREMNER BOULEVARD ACT, 2026 The Schedule enacts the Bremner Boulevard Act, 2026 , which provides that section 10 (4) of City of Toronto By-law No. 1994-0806 does not apply in respect of block 18C. The Skydome Act (Bus Parking), 2002 is repealed. SCHEDULE 2 CITY OF TORONTO ACT, 2006 Section 97 of the City of Toronto Act, 2006 is amended to limit by-laws respecting the closing of business establishments on a holiday from providing for such closings on Family Day or Victoria Day. SCHEDULE 3 CONSERVATION AUTHORITIES ACT The Conservation Authorities Act is amended to add a new Part I.1 and to make other changes related to the new Part. Here are some highlights. New Part I.1 provides for the amalgamation of 35 conservation authorities into 8 new conservation authorities and continues the Lakehead Region Conservation Authority under the name Northwestern Ontario Regional Conservation Authority. The first members of the new conservation authorities and the continued conservation authority are appointed by the councils of the participating municipalities in accordance with the regulation. The Ontario Provincial Conservation Agency is responsible for establishing transition committees to prepare for the amalgamations. The transition committees are comprised of individuals appointed by the predecessor conservation authorities and a project executive appointed by the Agency. The transition committees must develop a transition plan that the new conservation authorities must implement. The first chief administrative officer of a new conservation authority is the project executive of the authority’s transition committee. During the transition period, actions to establish a conservation authority, enlarge the area of jurisdiction of an authority, amalgamate an authority or dissolve an authority are prohibited. The Minister may issue directions to a conservation authority during the transition period. The prohibitions and the Minister’s authority to issue directions are repealed on a day to be named by order of the Lieutenant Governor in Council. The current section 14 provides, among other matters, that the number of members of a conservation authority to be appointed by the participating municipalities’ councils is based on the population of the participating municipality and provides that 70 per cent of a municipality’s appointees must be from among members of council. The section also provides that the total number of members to be appointed by a municipality may be adjusted by agreement among all participating municipalities. Section 14 is re-enacted to provide for the number of members to be appointed by participating municipalities to be determined in accordance with the method prescribed by the regulations. All participating municipalities of a conservation authority may agree to a different method for determining the number of members each participating municipality appoints subject to certain restrictions. Conservation authorities must establish one or more watershed councils for the purposes of assisting the authority in identifying local priorities with respect to its programs and services and to ensure that local interests are considered as part of the authority’s decision-making process. Regulation-making authorities for both the Lieutenant Governor in Council and the Minister are also added to the Act. SCHEDULE 4 CORPORATIONS TAX ACT Section 74.2 of the Corporations Tax Act is amended with respect to the ability of funded benefit plans to elect to have their tax payable be determined as if they were unfunded benefit plans. The Minister may make regulations with respect to the determination of the amount of tax payable in circumstances where an election is made or revoked. The regulations may have retroactive effect. The Schedule revokes a related regulation. SCHEDULE 5 FINANCIAL ADMINISTRATION ACT The Schedule amends the Financial Administration Act to require the Minister of Finance to establish a designated purpose account in the Consolidated Revenue Fund called the Protect Ontario Account Investment Fund . The Minister of Finance may make expenditures from the Protect Ontario Account Investment Fund for the purpose of making investments that promote innovation, infrastructure development, long-term economic growth and other strategic priorities of Ontario. Any proceeds or returns related to those investments are to be added to the Protect Ontario Account Investment Fund. However, the Minister may direct that any portion of the proceeds or returns are to be held in the Consolidated Revenue Fund and not in the Protect Ontario Account Investment Fund.