22
First Session, 51st General Assembly 5 Charles III, 2026
BILL 22
AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT NO. 3
Received and Read the First Time................................................................
Second Reading............................................................................................
Committee.....................................................................................................
Third Reading...............................................................................................
Royal Assent.................................................................................................
HONOURABLE CRAIG PARDY Minister of Finance and President of Treasury Board
Ordered to be printed by the Honourable House of Assembly

EXPLANATORY NOTES

This Bill would amend the Revenue Administration Act to

· remove tax on certain grades of gasoline until March 31, 2027; and

· remove tax on certain grades of gasoline during any calendar quarter after March 31, 2027, where the market price of oil for that calendar quarter is equal to or greater than the amount prescribed in the regulations.

A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT NO. 3

Analysis

1. S.51 Amdt.
Tax levied on gasoline

2. S.108 Amdt.
Regulations re: gasoline tax

3. Commencement

Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

SNL2009 cR-15.01
as amended

1. Section 51 of the Revenue Administration Act is amended by renumbering it as subsection 51(1) and adding immediately after that subsection the following:

(2) Notwithstanding paragraphs (1)(c) and (e), a person who acquires gasoline at a retail sale in the province on or before March 31, 2027, shall not pay tax on the grades of gasoline referred to in paragraphs (1)(c) and (e).

(3) Notwithstanding paragraphs (1)(c) and (e), where, after March 31, 2027, the market price of oil for a calendar quarter, as determined in accordance with subsection (4), is equal to or greater than the prescribed amount, a person who acquires gasoline at a retail sale in the province shall not pay tax during that calendar quarter on the grades of gasoline referred to in paragraphs (1)(c) and (e).

(4) For the purposes of subsection (3), the market price of oil for a calendar quarter is the simple average of the Brent-Europe spot prices for the most recent 20 trading days, ending before the 16^th day of the calendar month that immediately precedes the calendar quarter expressed in United States dollars rounded to the nearest cent.

(5) In this section, "calendar quarter" means a period of 3 months beginning on the first day of January, April, July and October in each calendar year.

2. Section 108 of the Act is amended by adding immediately after paragraph (k) the following:

(k.1) prescribing the amount for the purposes of subsection 51(3);

Commencement

3. This Act comes into force on December 1, 2026.

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