The One-Canadian Economy Act: How It Might Affect Members

Earlier this year when the United States imposed tariffs on Canada, many Canadians were surprised to learn that trade barriers existed between Canada’s provinces and territories. The Government of Canada has introduced legislation that will eliminate these trade barriers with the intention of bolstering the Canadian economy. What does this mean for the average Canadian though?

 The One Canadian Economy Act (Bill C-5) aims to streamline interprovincial trade and labour mobility, and expedite major infrastructure projects across Canada[i]. Once it takes effect, Canadians may experience the following impacts in their daily lives:

Enhanced Access to Goods and Services

The legislation outlines mutual recognition of provincial and territorial standards, meaning that goods and services approved in one jurisdiction would be accepted nationwide. For example, a product that meets one province’s energy efficiency standards, would be treated as if it meets comparable federal standards[ii]. This could lead to:

• Increased availability of products across provinces;
• Potentially lower prices due to heightened competition; and
• Simplified processes for businesses expanding interprovincially.

 Improved Labour Mobility

By recognizing provincial and territorial certifications federally, workers would find it easier to practice their professions across Canada – think skilled trades, healthcare providers, and teachers. This could result in:

• Broader employment opportunities for certified professionals;
• A more flexible and responsive labour market; and
• Reduced skill shortages in various regions.

 In addition, the Act seeks to fast-track approvals for significant infrastructure projects by establishing a federal office dedicated to major projects. This initiative aims to reduce project approval times from five years to two and enhance national productivity and energy security. There has been criticism of this portion of the bill by some Indigenous and environmental groups[iii].

Now that the One Canadian Economy Act has passed, its implementation could lead to a more integrated and efficient national economy. That should mean more variety and lower prices for goods and services and greater employment mobility across the country. Business owners will also have greater flexibility getting their goods and services to market.

If you have questions about your personal or business finances, book an appointment with a member of our team. You’ll receive expert advice with your best interests in mind.

[i] https://www.parl.ca/DocumentViewer/en/45-1/bill/C-5/first-reading

[ii] https://www.canada.ca/en/intergovernmental-affairs/news/2025/06/one-canadian-economy-an-act-to-enact-the-free-trade-and-labour-mobility-in-canada-act-and-the-building-canada-act.html

[iii] https://afn.ca/all-news/press-releases/statement-from-national-chief-regarding-building-canada-act-enormous-responsibility-rests-on-mps-and-senators-to-uphold-the-honour-of-the-crown/