Budget Implementation Act, 1998

The Budget Implementation Act, 1998 is a Canadian law that was enacted to implement certain provisions of the budget tabled in Parliament on February 24, 1998. The Act may be cited as the Budget Implementation Act, 1998 and provides for various amendments to existing laws, including those related to divestiture, early retirement, and financial assistance to international financial institutions and foreign states. Part 2 of the Act authorizes the Governor in Council to sell or otherwise dispose of shares or assets held by the Canada Development Investment Corporation. Part 3 suspends the separation benefit for certain employees who are eligible for an annual benefit under the Retirement Compensation Arrangements Regulations, No. 2. The Act also makes amendments to various other laws, including those related to student loans, employer's premium refund, supplement and allowances, and financial assistance to international financial institutions and foreign states.