Bill C-5 aims to establish a statutory framework to remove federal barriers to the interprovincial trade of goods and services and to improve labour mobility within Canada. It provides that goods or services meeting provincial or territorial requirements are deemed to meet comparable federal requirements.

Key provisions include the recognition of provincial and territorial authorizations to practice occupations and the issuance of comparable federal authorizations. The Governor in Council is empowered to make regulations respecting federal barriers to the interprovincial movement of goods, services, and labour.

The bill enacts the Free Trade and Labour Mobility in Canada Act and the Building Canada Act. The latter allows for the addition of national interest projects to a legislative schedule, facilitating their implementation.

Affected parties include workers, businesses providing interprovincial goods and services, and proponents of national interest projects. The designated minister must issue authorization documents for these projects, and an independent annual review of their status is required.