Scope: Canada
Proposed
Temporary suspension of federal excise tax rates on fuels
Under proposals from the Spring Economic Update 2026, legislative changes would temporarily set the federal excise tax rates on gasoline, unleaded aviation gasoline, diesel fuel and aviation fuel to *$0.00 per litre* for the period from **April 20, 2026** to **September 7, 2026**. The goal is to reduce fuel cost pressures for motorists, aviation, and supply chains. ([budget.canada.ca](https://budget.canada.ca/update-miseajour/2026/report-rapport/tm-mf-en.html?utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Proposed temporary rate reductions of the federal excise tax on gasoline, unleaded aviation gasoline, diesel fuel, and aviation fuel
Effective April 20, 2026, and through September 7, 2026, the federal excise tax on gasoline, diesel, aviation fuels, and unleaded aviation gasoline is reduced to zero for affected fuels delivered or imported after April 19; this provides immediate relief on fuel costs and impacts businesses and consumers alike. ([canada.ca](https://www.canada.ca/en/revenue-agency/services/tax/technical-information/excise-taxes-special-levies/excise-taxes-special-levies-notices/etsl82-proposed-temporary-rate-reductions-excise-tax-on-certain-types-fuel.html?utm_source=openai))
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Government introduces targeted support to help Canada’s airline sector weather global fuel market volatility
This policy temporarily removes the federal fuel excise tax on gasoline, diesel, aviation fuels between April 20 and September 7 2026 and launches a repayable liquidity support facility for airlines facing jet-fuel cost pressures. Implications include cost savings for operators, relief for consumers, and conditions such as maintaining Canadian operations, buy-Canadian commitments, and restrictions on dividends and exec compensation.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Temporary suspension of federal fuel excise tax from April 20 to September 7, 2026
Legislation introduced to suspend the federal excise tax on gasoline, unleaded aviation gasoline, diesel fuel, and certain aviation fuels by setting their rates to zero cents per litre for the period April 20, 2026 through September 7, 2026 inclusive. Full rates will resume September 8, 2026.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Canada temporarily suspending federal fuel excise tax on gasoline and diesel
Federal fuel excise tax on gasoline, diesel, aviation and unleaded aviation gasoline will be set to $0.00 from April 20, 2026 through September 7, 2026. This is a relief measure to reduce fuel‐price pressures for consumers and businesses; estimates suggest savings of up to 10 cents per litre on regular gasoline and 4 cents on diesel.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Secretary of State Zerucelli highlights suspension of the federal fuel excise tax on gasoline and diesel and other affordability measures to lower costs for Canadians
Starting April 20, 2026, Canada is suspending the full federal fuel excise tax on gasoline, diesel, and aviation fuels until September 7, 2026; also providing GST/HST credit top-ups and transitioning to a new Canada Groceries and Essentials Benefit to replace GST/HST credit in July 2026. Intended to reduce living costs via lower fuel prices and augmented credits for millions of Canadians.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Government of Canada reduces fuel costs and delivers direct affordability support to Canadians
Temporary suspension of the federal fuel excise tax on gasoline, diesel and aviation fuels from **April 20, 2026** to **September 7, 2026**, expected to reduce prices at the pump by around 10¢/L for gasoline and 4¢/L for diesel. Also includes transitioning the GST/HST credit to the new Canada Groceries and Essentials Benefit, with a one-time top-up June 5, 2026, and increased payments by 25 % beginning July 3, 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
Treasury, IRS announce intent to issue proposed regulations for excise tax on excess tax-exempt organization executive compensation under the One, Big, Beautiful Bill (Notice 2026-36)
Under Section 4960 of the Internal Revenue Code, the One, Big, Beautiful Bill (OBBB) expands who is a covered employee of an applicable tax-exempt organization (ATEO) for purposes of the excise tax. Previously limited to the five highest-paid employees, the new definition may include any employee earning over \$1 million or receiving excess parachute payments. The proposed regulations will also include exceptions (such as limited hours and non-exempt funds), but likely will not include a limited-services exception. This is anticipated to apply prospectively (for tax years beginning after the issuance of final regulations). Public comments are requested by August 4, 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Canada suspends federal fuel excise tax and increases GST Credit benefit
As of April 20, 2026, Canada temporarily suspended the federal excise tax on gasoline, diesel, and aviation fuel until September 7, 2026. The government also introduced the Canada Groceries & Essentials Benefit, increasing the GST Credit by 25% for five years starting July, with additional one-time top-ups in spring 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Canada introduces targeted support to help Canada’s airline sector weather global fuel market volatility
The Government of Canada temporarily removed the federal excise tax on aviation fuels (from April 20–September 7, 2026) and broad fuel excise relief (10¢ per litre off gasoline, 4¢ diesel) while launching a new loan facility offering up to **CAD 150 million** of repayable liquidity support for eligible airlines. The measure aims to ease operating costs in face of global fuel price volatility and preserve connectivity and jobs.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Suspension of Federal Fuel Excise Tax Until September 7, 2026
The Canadian government has temporarily set the federal fuel excise tax to zero for gasoline, diesel, and aviation fuels between April 20 and September 7, 2026. This measure is intended to reduce pump prices (approx 10¢/L gasoline, 4¢/L diesel) and provide relief to consumers and businesses for fuel-intensive operations. It was announced in the Spring Economic Update 2026.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Notice 2026-24: Waiver of Addition to Tax Under Section 6654 for Qualifying Farmers and Fishermen
Provides relief to eligible farmers and fishermen by waiving the addition to tax for underpayment of estimated income tax for the calendar-year **2025** if they file the return and pay all tax due by April 15, 2026. This waiver addresses delays in computing Qualified Business Income Deduction and completes mapping of forms/software.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Temporary suspension of the federal fuel excise tax
The Government of Canada temporarily set the federal excise tax rates to zero cents per litre for unleaded gasoline, unleaded aviation gasoline, leaded aviation gasoline, diesel fuel and aviation fuel (other than aviation gasoline), in effect from April 20, 2026 until September 7, 2026 inclusive. This applies to fuel delivered, sold or imported during that period. Estimated relief is over $2.4 billion in 2026, with fuel prices reduced by roughly 10¢/L for gasoline and 4¢/L for diesel. The regular tax rates of 10¢/L for gasoline and 4¢/L for diesel resume on September 8, 2026. NES: Applies to those licensed under the Excise Tax Act; reporting obligations continue under Form B200.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Spring Economic Update 2026: Temporary Suspension of Federal Excise Tax on Gasoline, Diesel and Aviation Fuels
Effective April 20 to September 7, 2026, federal excise tax rates on gasoline, diesel, and aviation fuel are temporarily set to $0.00 per litre (formerly 10¢/L for gasoline and 4¢/L for diesel). Intended to reduce fuel cost pressures for consumers and businesses during high energy price volatility.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Suspension of the federal fuel excise tax on gasoline and diesel
As of April 20, 2026, Canada temporarily suspended the federal excise tax on gasoline, diesel and aviation fuels until **September 7, 2026**. This relief is estimated to reduce costs at the pump by about **10 cents per litre** for gasoline and **4 cents** for diesel, benefiting consumers and businesses alike.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Extension of federal fuel excise tax relief on gasoline, diesel and aviation fuels until January 31, 2027
The Government of Canada has extended its temporary suspension of the federal fuel excise tax on gasoline, diesel, and aviation fuels through January 31, 2027. Beginning February 1 through March 31, 2027 a 50% rate of the regular excise tax will apply. Full rates are restored April 1, 2027. Impacts include significant reductions in fuel costs for consumers and businesses during the suspension, with phased relief following before return to normal tax rates.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Notice 2026-24: Waiver of Underpayment Penalties for Qualifying Farmers and Fishermen
The IRS has issued NOTICE 2026-24 granting an **automatic waiver** of the addition to tax under IRC section 6654 for underpayment of estimated income tax by qualifying farmers and fishermen for the **2025 tax year**, provided the taxpayer files a calendar‐year return and pays in full any tax due by April 15, 2026. If the taxpayer already reported an addition to tax, they may request abatement by filing Form 843. The waiver alleviates penalty concerns for those with irregular income in agriculture or fishing.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Temporary suspension of federal fuel excise taxes and launch of airline sector liquidity support
The federal fuel excise tax on gasoline, diesel and aviation fuels is suspended between **April 20 and September 7, 2026**, reducing fuel costs by approximately 10¢/L on gasoline and 4¢/L on diesel, 4¢/L on aviation fuel. In addition, the government has introduced a repayable loan facility (Liquidity for Airline Sector Resilience) to support eligible Canadian airlines up to CAD $150 million, with conditions tied to maintaining operations, protecting jobs, limiting executive compensation, and Buy Canadian commitments.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
Canada proposes temporary suspension of federal excise taxes on gasoline, diesel and aviation fuels from April 20 to September 7, 2026
Parliament will temporarily set excise tax rates on unleaded gasoline, unleaded aviation gasoline, diesel fuel and aviation fuel to zero for deliveries or imports between April 20 and September 7, 2026, as part of Budget 2026. This measure aims to reduce fuel costs amid inflationary pressures and support households and businesses most exposed to fuel costs.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Temporary Suspension of Federal Fuel Excise Tax on Gasoline, Diesel, and Aviation Fuels
From April 20 to September 7, 2026, budget legislation temporarily sets the federal excise tax rates for gasoline, unleaded aviation gasoline, diesel fuel, and aviation fuel to **$0.00**, as a relief measure for cost pressures on consumers and businesses.
Editorial impact label: Low-Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 20, 2026
- Verification
- Not recorded
Open cited source