Vote No
An Act to amend the Special Economic Measures Act (disposal of foreign state assets)
Overall, the bill mainly enhances executive sanctions powers and enforcement efficiency but risks weakening Canada’s reputation for predictable, court-based property protections that support investment. The net effect on growth, exports, and productivity is minimal or slightly negative, making alignment with Build Canada’s core prosperity agenda weak.
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Primarily a sanctions enforcement change with limited direct impact on national wealth; potential investment-sentiment downsides are possible but uncertain.
It reduces procedural friction by avoiding courts, but concentrates seizure power in the executive, which can cut against property-rights predictability tied to economic freedom.
No direct link to productivity; any reputational effect on Canada’s rule-of-law brand could marginally affect competitiveness but is speculative.
Does not target exports; possible retaliatory risks by sanctioned states exist but are likely limited to already-constrained markets.
Executive forfeiture of foreign state assets without judicial oversight may raise perceived country risk for sovereign investors and state-linked capital, dampening investment attractiveness.
Streamlines enforcement, clarifies cost recovery from owners, and extends RCMP coordination, which can lower administrative burden and speed decisions.
No tax changes are included.
A targeted sanctions tool with limited macroeconomic effect; not a broad-based growth or productivity reform.
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