Bill C-15 Part 5 Section 9
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5 Bill C-15 Part 5 Section 9 Division Summaries with Vote Questions below.
- Division 35: Naskapi Policing
- Division 36: Canada Student Finance
- Division 37: Money Laundering
- Division 38: Borrowing Authority
- Division 39: Co-op/Corp Dissolutions
Estimated Read Time: 9 minutes
DIVISION 35 — Naskapi Policing
What the Bill Says
Sections 195 and 196 of the Naskapi and the Cree-Naskapi Commission Act are repealed.
Plain Language Summary
Sections 195 and 196 set out Federal statutory provisions for the Naskapi Police Force. The Naskapi Nation, Canada and Quebec negotiated changes to the policing provisions of the Northeastern Québec Agreement between 2017 and 2024. The repeal removes provisions that could conflict with the updated policing framework.
⚠️Naskapi policing provisions repealed after Treaty negotiations— Sections 195 and 196 contained statutory rules for the Naskapi Police Force. The Naskapi Nation, Canada and Quebec negotiated an updated policing framework under the Northeastern Québec Agreement. The Naskapi Nation approved the repeal to avoid inconsistencies between the Act and the updated Agreement.
A Closer Look
The Cree-Naskapi Commission still exists but its recurring Parliamentary reporting role has changed. It receives and considers complaints about implementation of the Act and reports its findings and recommendations to the interested parties and the Minister, case by case.
Before 2018: former section 171 required the Commission to report to Parliament biennially—every two years, not annually.
Those reports concerned implementation of the Act, which included Naskapi local government and related land, administrative and governance matters. Calling that broadly “implementation of Cree and Naskapi self-government” was understandable historically, but it was less precise than the Statute.
In 2018: Parliament repealed section 171. Related transitional Legislation permitted the Commission to prepare a last report covering the period after its 2016 report until the repeal took effect.
Today: the Commission still receives and considers complaints concerning implementation of the Act. After an investigation, it reports its findings, conclusions and recommendations to the interested parties and the Minister. That is case-specific reporting, not an annual or recurring report to Parliament.
This single clause — buried in a 45-division omnibus Budget Bill — quietly removes two statutory policing provisions after the Naskapi Nation, Canada and Quebec negotiated an updated policing framework under the
Northeastern Québec Agreement.
DIVISION 36 Canada Student Financial Assistance Act Canada Student Financial Assistance Act (1994, c. 28) — ss. 573–575
What the Bill Says
Two new restrictions on Federal student financial assistance:
Private for-profit foreign institutions (s. 573): The Minister must deny Federal student loans and grants to any qualifying student enrolled at a private, for-profit post-secondary institution located outside Canada. No discretion — mandatory denial.
Provincial alignment (s. 574): If a Provincial authority suspends or denies student assistance in relation to a designated educational institution, the Federal Minister may align Federal assistance with that Provincial decision.
Transitional protection (s. 575): Students already enrolled at a private for-profit foreign institution in the 2025–26 loan year who continue in the same program at the same institution are grandfathered until August 1, 2029.
Plain Language Summary
Division 36 cuts off Federal Student Aid for Canadians studying at private, for-profit schools outside Canada — think certain US trade schools, online degree mills or offshore institutions. The ban is mandatory with delayed application until August 1, 2029 for qualifying students who received assistance and remain in the same program at the same institution.
The Provincial alignment provision gives the Federal Minister a fast-follow tool — if a Provincial authority suspends or denies assistance in relation to a designated institution, Ottawa can align Federal assistance with that decision without going through a full regulatory process.
DIVISION 37 Proceeds of Crime (Money Laundering) and Terrorist Financing Act clauses 576–587
What the Bill Says
Division 37 makes a series of targeted amendments to Canada's anti-money laundering and terrorist financing framework.
Ministerial recommendation requirement (s. 578): All regulations under the Act must now be made on the recommendation of the Minister of Finance — clarifying Ministerial accountability for the regulatory framework.
Disclosure prohibition for Government institutions (s. 579): Government institutions and agencies that receive beneficial ownership reports under the Act — either as required or voluntarily submitted — are prohibited from further disclosing those reports except to:
- FINTRAC
- Police
- CRA
- Agence du Revenu du Québec
- incorporation regulators
- other prescribed entities.
This limits broader Government sharing while preserving disclosure to designated enforcement and regulatory bodies.
Foreign affairs consultation (s. 580): Before recommending regulations limiting or prohibiting certain financial transactions, the Minister of Finance must consult the Minister of Foreign Affairs — formalizing foreign policy input into AML/ATF restrictions.
Registered charities (s. 581): Expands the charity-related scope of FINTRAC information sharing provisions to cover entities that have applied for registered charity status and persons or entities that solicit financial donations from the public — not just registered charities themselves.
Real estate expansion (s. 584): Adds title insurers to the list of real estate sector entities required to verify client identity under the Regulations — effective retroactively to October 1, 2025.
Access to Information (s. 586): The new beneficial ownership disclosure prohibition (s. 9.11) added to the Access to Information Act Schedule II — protecting those reports from ATI requests.
Plain Language Summary
Division 37 tightens and clarifies Canada's money laundering and terrorist financing rules in four practical ways:
- it locks down who can see beneficial ownership reports
- brings title insurers into the client identity verification regime
- extends charity-sector oversight to donation solicitors and applicants
- formalizes foreign affairs input into financial sanctions regulations.
The retroactive coming-into-force for the title insurer provision (October 1, 2025) means it is already in effect — this Bill is catching the Legislation up to a regulatory change made in December 2024.
DIVISION 38 Borrowing Authority Act Borrowing Authority Act (2017, c. 20, s. 103) — s. 588
What the Bill Says
The maximum combined amount the Federal Government is authorized to borrow at any one time is raised to $2,541,000,000,000 — two trillion, five hundred and forty-one billion dollars.
Plain Language Summary
This is Canada's debt ceiling. One number, one sentence, one amendment — and it raises the Federal borrowing limit by hundreds of billions of dollars. The new ceiling combines Federal Government borrowing under the Act on specified Canada Mortgage Bonds and qualifying borrowing by agent Crown Corporations including Treasury Bills, Bonds, loans and any other debt instruments. Parliament is authorizing the Crown to carry $2.541 Trillion in borrowing under the Act outstanding at any given moment.
DIVISION 39 Measures Related to the Dissolution of Certain Corporations and Cooperatives (Listed Entities) Canada Business Corporations Act, Canada Cooperatives Act, Canada Not-for-profit Corporations Act — ss. 589–591
What the Bill Says
Division 39 adds a new ground for involuntary dissolution across three Federal Corporate statutes, being a listed entity under the Criminal Code — meaning a terrorist organization or group formally designated by the Government.
When the Minister of Public Safety notifies the Director of Corporations that a Federally incorporated business, cooperative or not-for-profit is a listed entity, the Director may dissolve it by issuing a certificate of dissolution — without the standard notice period that would otherwise apply before dissolution.
The same new ground applies identically across all three Acts:
- Canada Business Corporations Act (for-profit corporations)
- Canada Cooperatives Act (cooperatives)
- Canada Not-for-profit Corporations Act (charities, associations, clubs)
Plain Language Summary
If a Federally incorporated entity is designated a terrorist organization under the Criminal Code, the Government can now dissolve it as a Corporation — fast, without the usual waiting period. The Minister of Public Safety flags it; the Director pulls the certificate. No notice, no delay.
This closes a gap where a listed entity could continue to exist as a legal corporate person even after being designated a terrorist organization.