LegisWatch
S-238Senate Public Bill

Enacting Climate Commitments Act

An Act to enact the Climate-Aligned Finance Act and to make related amendments to other Acts

Sen. Rosa Galvez
Current stage: 1st Reading
Introduced 260 days ago
45th Parliament, 1st Session

Summary

Part 1 enacts the Climate-Aligned Finance Act, which, among other things, establishes the climate commitments and obligations of various entities in relation to these commitments. Part 2 establishes further obligations for entities — primarily financial entities — in relation to the climate commitments provided for under the Climate-Aligned Finance Act by (a) setting baseline requirements for entities to achieve climate commitments; (b) providing greater certainty and transparency regarding entities’ respect for their responsibilities relative to the global carbon budget; (c) ensuring that supervisory and regulatory authorities develop appropriate oversight and capital adequacy requirements; (d) requiring directors, officers and administrators to align entities with climate commitments; (e) promoting timely and meaningful progress towards entities’ alignment with the stability of both the financial system and climate in relation to systemic risks posed by emissions-intensive activities; (f) ensuring climate expertise on certain boards and disclosing certain conflicts of interest; and (g) requiring the development of action plans, targets and progress reports for entities in respect of climate commitments through reporting requirements.

Event Timeline

  1. Senate First Reading

    Oct 29, 2025Senate

Statutes Touched by This Bill

Amends
Repeals
Related
Gov't
PMB
Senate
Inactive
Node size = progression
S-238 touches 32 statutes

Regulatory Activity

Greenhouse Gas Pollution Pricing Act · 4 entries

DatePartTypeTitleInstrument
Mar 15, 2025IIRegulationGreenhouse Gas Pollution Pricing Act and the Fuel Charge Regulations — Regulations Amending Schedule 2 to theSOR/2025-107
Mar 15, 2025IIRegulationOutput-Based Pricing System Regulations — Regulations Amending theSOR/2025-108
Dec 16, 2024IIRegulationFuel Charge Regulations, No. 2 — Regulations Amending theSOR/2024-282
Nov 9, 2024IProposedRegulations Amending the Output-Based Pricing System Regulations—

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Insurance Companies Act · 1 entry

DatePartTypeTitleInstrument
Feb 15, 2025IProposedDiversity Information Disclosure (Insurance Companies and Insurance Holding Companies) Regulations—

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Pension Benefits Standards Act, 1985 · 4 entries

DatePartTypeTitleInstrument
Mar 30, 2026IIRegulationPension Benefits Standards Regulations, 1985 (Persons who Cannot be Located) — Regulations Amending theSOR/2026-62
Apr 4, 2026IProposedRegulations Amending Certain Regulations Concerning Pensions—
Nov 2, 2024IProposedRegulations Amending the Pension Benefits Standards Regulations, 1985 (Publication of Information Relating to the Investments of Plans)—
Sep 14, 2024IProposedRegulations Amending the Pension Benefits Standards Regulations, 1985 (Solvency Reserve Accounts and Multi-Employer Pension Plans)—

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Public Service Superannuation Act · 1 entry

DatePartTypeTitleInstrument
Oct 11, 2024IIRegulationPublic Service Superannuation Regulations (Transfer Value) — Regulations Amending theSOR/2024-201

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Canada Labour Code · 9 entries

DatePartTypeTitleInstrument
Jun 13, 2026IProposedRegulations Amending Certain Regulations Made Under the Canada Labour Code (Personal Protective Equipment and Other Preventive Measures)—
Apr 23, 2026IIRegulationCanada Labour Code (Equal Treatment and Temporary Help Agencies) — Regulations Amending Certain Regulations Made Under theSOR/2026-75
Mar 21, 2026IProposedRegulations Amending Certain Regulations Made Under the Canada Labour Code (Sound Levels)—
Jan 30, 2026IIRegulationCanada Labour Code — Regulations Amending Certain Regulations Made Under theSOR/2026-10
Nov 28, 2025IIRegulationCanada Labour Code (Leave Related to Pregnancy Loss, Bereavement Leave and Leave for Placement of Child) — Regulations Amending Certain Regulations Made Under theSOR/2025-240
Jun 28, 2025IProposedRegulations Amending Certain Regulations Made Under the Canada Labour Code (Leave Related to Pregnancy Loss, Bereavement Leave and Leave for Placement of Child)—
Mar 6, 2025IIRegulationCanada Labour Code — Regulations Amending Certain Regulations Made Under theSOR/2025-79
Feb 22, 2025IProposedRegulations Amending Certain Regulations Made Under the Canada Labour Code (Equal Treatment and Temporary Help Agencies)—
May 31, 2024IIRegulationCanada Labour Code (Sanitation) — Regulations Amending Certain Regulations Made Under theSOR/2024-118

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Canada Deposit Insurance Corporation Act · 8 entries

DatePartTypeTitleInstrument
Jul 4, 2026IProposedBy-law Amending the Canada Deposit Insurance Corporation Deposit Insurance Information By-law—
Mar 19, 2026IIRegulationCanada Deposit Insurance Corporation Eligible Financial Contracts By-law — By-law Amending theSOR/2026-53
Nov 15, 2025IProposedBy-law Amending the Canada Deposit Insurance Corporation Eligible Financial Contracts By-law (Erratum)—
Nov 1, 2025IProposedBy-law Amending the Canada Deposit Insurance Corporation Eligible Financial Contracts By-law—
Aug 27, 2025IIRegulationCanada Deposit Insurance Corporation Differential Premiums By-lawSOR/2025-165
Mar 24, 2025IIRegulationCanada Deposit Insurance Corporation Differential Premiums By-law — By-law Amending theSOR/2025-117
Jan 18, 2025IProposedCanada Deposit Insurance Corporation Differential Premiums By-law—
Oct 19, 2024IProposedBy-law Amending the Canada Deposit Insurance Corporation Differential Premiums By-law—

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Conflict of Interest Act · 1 entry

DatePartTypeTitleInstrument
Feb 5, 2026IIRegulationPublic Office Holders and Reporting Public Office Holders under Section 62.2 of the Conflict of Interest Act — Order Amending the Order DesignatingSOR/2026-19

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Canadian Forces Superannuation Act · 3 entries

DatePartTypeTitleInstrument
Dec 5, 2025IIRegulationCanadian Forces Superannuation Regulations — Regulations Amending theSOR/2025-256
Dec 17, 2025IIIn forceOrder Fixing December 17, 2025 as the Day on Which Certain Provisions of the Public Sector Pension Investment Board Act and of An Act to amend the Canadian Forces Superannuation Act and to make consequential amendments to other Acts Come into Force — Regulations/OrderSI/2025-112
Sep 10, 2024IIRegulationCanadian Forces Superannuation Regulations — Regulations Amending theSOR/2024-175

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Royal Canadian Mounted Police Superannuation Act · 1 entry

DatePartTypeTitleInstrument
Jun 22, 2026IIRegulationRoyal Canadian Mounted Police Superannuation Regulations and the Former Members of Parliament Counting of Service Regulations — Regulations Amending theSOR/2026-150

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Income Tax Act · 5 entries

DatePartTypeTitleInstrument
Sep 19, 2025IIRegulationIncome Tax Regulations (Motor Vehicle Expenses and Benefits 2024–2025) — Regulations Amending theSOR/2025-193
Sep 19, 2025IIRegulationIncome Tax Regulations (2023–2024 Livestock Deferral) — Regulations Amending theSOR/2025-194
Mar 6, 2025IIRegulationIncome Tax Regulations (Prescribed Arrangement — Air Canada) — Regulations Amending theSOR/2025-75
Mar 12, 2025IIRegulationIncome Tax Regulations (Northern Residents Deductions) — Regulations Amending theSOR/2025-97
Nov 22, 2024IIRegulationIncome Tax Regulations (Technical Amendments) — Regulations Amending theSOR/2024-231

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Companies’ Creditors Arrangement Act · 1 entry

DatePartTypeTitleInstrument
Nov 29, 2025IProposedRegulations Amending the Bankruptcy and Insolvency General Rules and the Companies’ Creditors Arrangement Regulations—

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Cooperative Credit Associations Act · 1 entry

DatePartTypeTitleInstrument
Oct 25, 2024IIRegulationPrincipal Protected Notes Regulations and the Deposit Type Instruments Regulations — Regulations Amending theSOR/2024-212

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Bank Act · 5 entries

DatePartTypeTitleInstrument
Jun 27, 2026IProposedRegulations Amending the Financial Consumer Protection Framework Regulations—
Mar 12, 2025IIRegulationFinancial Consumer Protection Framework Regulations — Regulations Amending theSOR/2025-96
Feb 15, 2025IProposedDiversity Information Disclosure (Banks and Bank Holding Companies) Regulations—
Nov 16, 2024IProposedRegulations Amending the Financial Consumer Protection Framework Regulations—
Jun 21, 2024IIRegulationForm of Proxy (Banks and Bank Holding Companies) Regulations, 2023SOR/2024-150

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Financial Administration Act · 54 entries

DatePartTypeTitleInstrument
Jun 17, 2026IIOrderFees Under the Passport and Other Travel Document Services Fees Regulations (March 31, 2026 to April 29, 2026) — Remission Order for CertainSI/2026-28
Jun 17, 2026IIOrderBovine Tuberculosis Outbreaks — Remission Order in Respect of the 2016–2017 and 2019SI/2026-27
May 20, 2026IIOrderOrder in Council Directing that the Annual Report of the Canadian Accessibility Standards Development Organization Be DiscontinuedSI/2026-23
May 6, 2026IIOrderTreaty Land Entitlement (Saskatchewan) Remission Order — Order Amending theSI/2026-14
Apr 8, 2026IIOrderAdjustment of Certain Fees Under the Passport and Other Travel Document Services Fees Regulations Remission OrderSI/2026-12
Apr 8, 2026IIOrderFee Paid or Payable for the Acquisition of Permanent Resident Status (Afghanistan) Remission OrderSI/2026-7
Apr 8, 2026IIOrderFee Paid or Payable for the Acquisition of Permanent Resident Status (Certain Foreign Nationals) Remission OrderSI/2026-9
Apr 8, 2026IIOrderFees Paid or Payable for the Acquisition of Permanent Resident Status and for the Processing of a Sponsorship Application for Family Classes (Sudan) Remission OrderSI/2026-8
Apr 8, 2026IIOrderFees Paid or Payable for the Processing of an Application for Permanent Resident Status (Humanitarian and Compassionate Considerations) Remission Order, No. 1SI/2026-10
Apr 8, 2026IIOrderFees Paid or Payable for the Processing of an Application for Permanent Resident Status (Humanitarian and Compassionate Considerations) Remission Order, No. 2SI/2026-11
Feb 11, 2026IIOrderConsular Services Fees (Performance Standards) Remission OrderSI/2026-2
Jan 26, 2026IIRegulationPassport and Other Travel Document Services Fees Regulations (Removal of Fee Adjustments) — Regulations Amending theSOR/2026-7
Feb 11, 2026IIOrderFees Under the Passport and Other Travel Document Services Fees Regulations — Remission Order for CertainSI/2026-1
Dec 31, 2025IIOrderAdjustment of Fees Paid or Payable Under the Customs Brokers Licensing Regulations for the 2019–2020 to 2025–2026 Fiscal Years Remission OrderSI/2025-133
Dec 31, 2025IIOrderAdjustment of Charges Paid or Payable Under the Storage of Goods Regulations for the 2019–2020 to 2025–2026 Fiscal Years Remission OrderSI/2025-132
Dec 31, 2025IIOrderAdjustment of Certain Costs Paid or Payable Under the Immigration and Refugee Protection Regulations (April 1, 2019 to October 31, 2024) Remission OrderSI/2025-130
Dec 31, 2025IIOrderAdjustment of Certain Fees Paid or Payable Under the Special Services (Customs) Regulations for the 2019–2020 to 2025–2026 Fiscal Years Remission OrderSI/2025-131
Dec 17, 2025IIOrderCertain Fees in Respect of the Issuance of Identity and Travel Documents (2023 Morocco Earthquake) Remission OrderSI/2025-117
Dec 17, 2025IIOrderCertain Fees in Respect of the Issuance of Identity and Travel Documents (2023 Canada Wildfires) Remission OrderSI/2025-115
Dec 17, 2025IIOrderCertain Fees in Respect of the Issuance of Identity and Travel Documents (2023 Nova Scotia Floods) Remission OrderSI/2025-114
Dec 17, 2025IIOrderCertain Fees in Respect of the Issuance of Identity and Travel Documents (2023 Türkiye and Syria Earthquakes) Remission OrderSI/2025-118
Dec 17, 2025IIOrderCertain Fees in Respect of the Issuance of Identity and Travel Documents (2025 Canada Wildfires) Remission OrderSI/2025-116
Dec 17, 2025IIOrderCertain Fees in Respect of the Issuance of Identity and Travel Documents (Haiti) Remission OrderSI/2025-120
Dec 17, 2025IIOrderCertain Fees in Respect of the Issuance of Identity and Travel Documents (Iran) Remission OrderSI/2025-119
Dec 17, 2025IIOrderCertain Fees in Respect of the Issuance of Identity and Travel Documents (Sudan) Remission OrderSI/2025-121
Dec 17, 2025IIOrderCertain Fees Under the Immigration and Refugee Protection Regulations Remission OrderSI/2025-126
Dec 17, 2025IIOrderFee Paid or Payable for the Acquisition of Permanent Resident Status (Certain Afghan Nationals) Remission OrderSI/2025-124
Dec 17, 2025IIOrderFee Paid or Payable for the Acquisition of Permanent Resident Status (Certain Colombian, Haitian and Venezuelan Nationals) Remission OrderSI/2025-123
Dec 17, 2025IIOrderFee Paid or Payable for the Acquisition of Permanent Resident Status (Sudan) Remission OrderSI/2025-122
Dec 17, 2025IIOrderFee Payable for the Right to be a Citizen Remission OrderSI/2025-125
Dec 17, 2025IIOrderFee to be Paid by Foreign Nationals to Participate in an International Youth Exchange Program in Canada Remission OrderSI/2025-113
Nov 28, 2025IIRegulationFinancial Administration Act (Controlled Substances) — Regulations Amending Certain Regulations Made Under theSOR/2025-245
Oct 22, 2025IIOrderCanadian Dental Care Plan Eligibility Issues — Remission Order in respect ofSI/2025-103
Aug 13, 2025IIOrderMinister of Infrastructure and Communities as the Appropriate Minister for the Canada Lands Company Limited for the Purposes of the Financial Administration Act — Order Designating theSI/2025-92
May 13, 2025IIRegulationFinancial Administration Act (Pacific Economic Development Agency of Canada) — Order Amending Schedule I.1 to theSOR/2025-127
May 13, 2025IIRegulationFinancial Administration Act (Office of the Commissioner of Official Languages) — Order Amending Schedule I.1 to theSOR/2025-130
May 13, 2025IIRegulationFinancial Administration Act (Federal Economic Development Agency for Southern Ontario) — Order Amending Schedule I.1 to theSOR/2025-128
May 13, 2025IIRegulationFinancial Administration Act (Federal Economic Development Agency for Northern Ontario) — Order Amending Schedule I.1 to theSOR/2025-126
May 13, 2025IIRegulationFinancial Administration Act (Canadian Intergovernmental Conference Secretariat) — Order Amending Schedule I.1 to theSOR/2025-129
Mar 6, 2025IIRegulationFinancial Administration Act — Order Amending Part III of Schedule VI to theSOR/2025-85
Mar 14, 2025IIRegulationFinancial Administration Act — Order Amending Schedule I.1 to theSOR/2025-101
Mar 14, 2025IIRegulationFinancial Administration Act — Order Amending Schedule I.1 to theSOR/2025-105
Mar 15, 2025IIRegulationFinancial Administration Act — Order Amending Schedule I.1 to theSOR/2025-106
Mar 14, 2025IIRegulationFinancial Administration Act (Canadian Intergovernmental Conference Secretariat) — Order Amending Schedule I.1 to theSOR/2025-104
Mar 14, 2025IIRegulationFinancial Administration Act (Federal Economic Development Agency for Southern Ontario) — Order Amending Schedule I.1 to theSOR/2025-102
Mar 14, 2025IIRegulationFinancial Administration Act (Pacific Economic Development Agency of Canada) — Order Amending Schedule I.1 to theSOR/2025-103
Mar 26, 2025IIOrderMinister of Industry as the Designated Minister for the purposes of the Business Development Bank of Canada Act and as the appropriate Minister with respect to the Business Development Bank of Canada for the purposes of the Financial Administration Act — Order Designating theSI/2025-48
Feb 14, 2025IIRegulationFinancial Administration Act (Office of the Chief Electoral Officer) — Order Amending Schedule I.1 to theSOR/2025-24
Dec 16, 2024IIRegulationGovernment Contracts Regulations — Regulations Amending theSOR/2024-273
Dec 18, 2024IIOrderCanada Pension Plan Disability Pension, Post-retirement Disability Benefit, Disabled Contributor’s Child’s Benefit and Retirement Pension Overpayments Remission OrderSI/2024-66
Dec 18, 2024IIOrderCertain Fees in Respect of the Issuance of Temporary Resident Visas for Certain Extended Family (Crisis in Gaza) Remission OrderSI/2024-67
Sep 10, 2024IIOrderJasper National Park of Canada Rent and Fee Remission OrderSI/2024-47
Sep 20, 2024IIRegulationFinancial Administration Act — Order Amending Schedule V to theSOR/2024-182
Jul 31, 2024IIOrderCertain Fees in Respect of the Issuance of Replacement Documents (2024 Wildfires) Remission OrderSI/2024-36

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Public Sector Pension Investment Board Act · 1 entry

DatePartTypeTitleInstrument
Dec 17, 2025IIIn forceOrder Fixing December 17, 2025 as the Day on Which Certain Provisions of the Public Sector Pension Investment Board Act and of An Act to amend the Canadian Forces Superannuation Act and to make consequential amendments to other Acts Come into Force — Regulations/OrderSI/2025-112

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Canada Pension Plan · 3 entries

DatePartTypeTitleInstrument
Nov 21, 2025IIRegulationRegulations Amending the Canada Pension Plan Regulations — Regulations Amending theSOR/2025-230
Dec 16, 2024IIRegulationCanada Pension Plan Regulations — Regulations Amending theSOR/2024-265
Oct 5, 2024IProposedRegulations Amending the Canada Pension Plan Regulations—

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Trust and Loan Companies Act · 2 entries

DatePartTypeTitleInstrument
Feb 15, 2025IProposedDiversity Information Disclosure (Trust and Loan Companies) Regulations—
Oct 25, 2024IIRegulationPrincipal Protected Notes Regulations and the Deposit Type Instruments Regulations — Regulations Amending theSOR/2024-212

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.

Bank of Canada Act · 1 entry

DatePartTypeTitleInstrument
Mar 26, 2025IIOrderMinister of Industry as the Designated Minister for the purposes of the Business Development Bank of Canada Act and as the appropriate Minister with respect to the Business Development Bank of Canada for the purposes of the Financial Administration Act — Order Designating theSI/2025-48

Canada Gazette activity is tracked from January 2025 onward — regulations made before 2025 are not shown.