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One Canadian Economy Act

An Act to enact the Free Trade and Labour Mobility in Canada Act and the Building Canada Act

Summary

  • Creates a national mutual-recognition framework so that goods and services meeting a province or territory’s requirements are deemed to meet comparable federal requirements for interprovincial trade, and requires federal recognition and issuance of comparable authorizations for provincially licensed workers.
  • Authorizes the Governor in Council to list "national interest projects" and fast-track their federal approvals through a single minister-issued document that consolidates required authorizations and sets enforceable conditions.
  • Deems required determinations and opinions in favour of permitting listed projects (while still requiring all proponent obligations and conditions), narrows application of parts of the Impact Assessment Act for such projects, and mandates safety confirmations from nuclear and energy regulators before issuance or amendment.
  • Requires consultation with affected Indigenous peoples and relevant regulators, publishes reasons for project listings in the Canada Gazette, and allows creation of an office to coordinate and serve proponents.
  • Empowers regulations to create targeted exceptions or variations, makes this framework prevail over conflicting federal statutes, and mandates five-year reviews of both Acts.

Builder Assessment

Vote Yes

The bill materially reduces internal barriers and accelerates major projects with a single-window authorization, advancing prosperity, productivity, and investment while retaining explicit safety confirmations for high‑risk sectors and consultation duties. Risks remain around transparency, potential lowest‑common‑denominator standards, and the narrowed application of parts of the Impact Assessment Act, but these can be mitigated through clear criteria, public reasons, and outcome‑based safeguards.

  • Strengths: mutual recognition for goods/services/workers; faster approvals; regulatory certainty; publication of reasons; safety confirmations by CNSC and CER; Indigenous consultation requirements; five‑year reviews.
  • Risks to manage: transparency and accountability for Schedule 1 additions; guarding against weakened standards; ensuring robust enforcement of conditions; potential executive overreach and legal challenges.
  • Builders should push for: transparent quantitative criteria for "national interest" listings; public release of safety rationales and Indigenous consultation outcomes prior to issuance; clear service standards and timelines; outcome‑based safety-equivalency floors and targeted, public exceptions; performance metrics (time-to-build, cost reduction, trade flows, exports, vacancies filled) and annual reporting.

Question Period Cards

How will the government prevent the deeming of favourable determinations under section 6 from eroding environmental protection and safety, and will it publish all underlying risk assessments and regulator confirmations before issuing any consolidated authorization document?

Given that orders adding projects to Schedule 1 are exempt from the Statutory Instruments Act, what quantitative criteria and economic impact analysis will Cabinet publish to justify that a project is in the national interest and to ensure decisions are not arbitrary?

What safeguards will ensure mutual recognition does not trigger a race to the bottom on standards for goods, services, and occupational licensing, and will the minister commit to clear, public exceptions where a higher safety-equivalency floor is necessary to protect Canadians?

Principles Analysis

Canada should aim to be the world's most prosperous country.

Reduces internal trade and labour barriers and accelerates nationally significant projects, supporting growth, higher incomes, and long-run prosperity.

Promote economic freedom, ambition, and breaking from bureaucratic inertia (reduce red tape).

Mutual recognition and a single-window authorization for major projects cut duplicative approvals and speed decisions, challenging bureaucratic inertia while retaining key safety and consultation checks.

Drive national productivity and global competitiveness.

Internal trade liberalization and expedited approvals for critical infrastructure can raise productivity, reduce time-to-build, and enhance competitiveness.

Grow exports of Canadian products and resources.

Faster national-interest projects (e.g., energy, transportation) and smoother interprovincial supply chains can expand capacity to reach global markets, even if exports are not explicitly referenced.

Encourage investment, innovation, and resource development.

Enhanced regulatory certainty, accelerated timelines, and mutual recognition improve investor confidence and facilitate resource and industrial development.

Deliver better public services at lower cost (government efficiency).

Consolidating federal authorizations into one document and removing duplicative federal barriers can lower administrative costs and improve service standards, though execution quality will determine net savings.

Reform taxes to incentivize work, risk-taking, and innovation.

No tax measures are included; impacts on work and innovation come via regulatory streamlining rather than fiscal reform.

Focus on large-scale prosperity, not incrementalism.

Targets system-wide internal trade and labour mobility and creates a fast lane for nationally significant projects—large-scale levers rather than minor tweaks.

Did we get the builder vote wrong?

Email [email protected]

PartyLiberal
StatusAt second reading in the House of Commons
Last updatedJun 6, 2025
TopicsEconomics, Public Lands, Indigenous Affairs
Parliament45