'Build Canada Homes' added as a federal Crown corporation; CPTPP schedule updated to include accession protocols

Plain-language summary · AI-assisted · not legal advice

This amendment makes two substantive changes to the Financial Administration Act. First, a new federal Crown corporation called 'Build Canada Homes' (Maisons Canada) has been added to Schedule III Part I, which lists parent Crown corporations subject to the Act's financial oversight and accountability rules. Second, the description of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in Schedule VII has been expanded to explicitly cover accession protocols listed in the CPTPP Implementation Act, not just the original 2018 agreement. Organizations that deal with federal Crown corporations or track Canada's trade agreement obligations under the Act should take note of these additions.

Who this affects: federal Crown corporations · housing sector entities · trade and export businesses subject to CPTPP · government suppliers and contractors · financial and compliance officers dealing with federal entities