Contents
- Her Majesty, by and with the advice and consent of the Sen…
- Short Title
- Part 1 Amendments to the Income Tax Act and Related Acts and Regulations
- Part 2 Amendments in Respect of Excise Duties and Sales and Excise Taxes
- Part 3 Amendments in Respect of the Air Travellers Security Charge
- Part 4 Softwood Lumber Products Export Charge Act, 2006
- Part 5 Customs Tariff
- Part 6 Federal-Provincial Fiscal Arrangements Act
- Part 7 Expenditure Restraint Act
- Part 8 Amendments Relating to Certain Governmental Bodies
- Part 9 Pension Benefits Standards Act, 1985
- Part 10 Agreement on Social Security Between Canada and the Republic of Poland — Retroactive Coming into Force
- Part 11 Export Development Act
- Part 12 Payment Card Networks
- Part 13 Financial Consumer Agency of Canada Act
- Part 14 Proceeds of Crime (Money Laundering) and Terrorist Financing Act
- Part 15 Canada Post Corporation Act
- Part 16 Canada Deposit Insurance Corporation Act
- Part 17 Federal Credit Unions
- Part 18 Atomic Energy of Canada Limited
- Part 19 Participant Funding Programs
- Part 20 Environmental Assessment
- Part 21 Canada Labour Code
- Part 22 Payments to Certain Entities
- Part 23 Telecommunications Act
- Part 24 Employment Insurance Financing
- Schedule 1 (Section 1642)
- Schedule 2 (Section 1644)
- Schedule 3 (Section 2161)
- Related provisions
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
Short Title
1Short title#
This Act may be cited as the Jobs and Economic Growth Act.
Part 1 · Amendments to the Income Tax Act and Related Acts and Regulations
Income Tax Act
Income Tax Regulations
Canada Disability Savings Act
Canada Disability Savings Regulations
Canada Education Savings Act
Canada Education Savings Regulations
Canada Pension Plan Regulations
Insurable Earnings and Collection of Premiums Regulations
Regulations Excluding Certain Indictable Offences from the Definition of “Designated Offence”
Part 2 · Amendments in Respect of Excise Duties and Sales and Excise Taxes
Excise Act
Amendments in Respect of the Excise Act, 2001
Excise Act, 2001
Customs Act
Application
Excise Tax Act
Health Care Services (GST/HST) Regulations
Input Tax Credit Allocation Methods (GST/HST) Regulations
Making of Regulations
91Making#
The Input Tax Credit Allocation Methods (GST/HST) Regulations are made as follows:
Coming into Force
92April 1, 2007#
The Input Tax Credit Allocation Methods (GST/HST) Regulations, as made by section 91, are deemed to have come into force on April 1, 2007.
Interest Rates (Excise Act, 2001) Regulations
Interest Rates (Excise Tax Act) Regulations
Coordinating Amendment
Part 3 · Amendments in Respect of the Air Travellers Security Charge
Air Travellers Security Charge Act
Interest Rates (Air Travellers Security Charge Act) Regulations
Part 4 · Softwood Lumber Products Export Charge Act, 2006
Amendments to the Act
Coming into Force
*103Order in council#
(1)This Part, other than section 98, comes into force or is deemed to have come into force on a day to be fixed by order of the Governor in Council, which day may not be earlier than April 15, 2009.
(2)Section 98 comes into force, or is deemed to have come into force, on July 1, 2010.
Part 5 · Customs Tariff
Amendments to the Act
104 to 1644#
[Amendments]
Coming into Force
Part 6 · Federal-Provincial Fiscal Arrangements Act
Part 7 · Expenditure Restraint Act
Part 8 · Amendments Relating to Certain Governmental Bodies
Division 1 — Amendments Relating to Certain Governor in Council Appointments
Alberta-British Columbia Boundary Act, 1974
Amendments to the Act
Coming into Force
Asia-Pacific Foundation of Canada Act
Amendment to the Act
Coming into Force
Assisted Human Reproduction Act
Amendment to the Act
Coming into Force
Budget Implementation Act, 1997
Amendment to the Act (Canada Foundation for Innovation)
Coming into Force
Business Development Bank of Canada Act
Amendment to the Act
Coming into Force
Canada Grain Act
Amendments to the Act
Coming into Force
Canada Mortgage and Housing Corporation Act
Amendments to the Act
Coming into Force
Canada Pension Plan
Amendments to the Act
Coming into Force
Canada School of Public Service Act
Amendments to the Act
Related Amendment to the Access to Information Act
Related Amendments to the Financial Administration Act
Related Amendment to the Official Languages Act
Related Amendment to the Privacy Act
Related Amendments to the Public Servants Disclosure Protection Act
Coming into Force
Canadian Centre for Occupational Health and Safety Act
Amendments to the Act
Coming into Force
Canadian Centre on Substance Abuse Act
Amendments to the Act
Coming into Force
Canadian Institutes of Health Research Act
Amendment to the Act
Coming into Force
Canadian International Trade Tribunal Act
Amendment to the Act
Coming into Force
Canadian Race Relations Foundation Act
Amendments to the Act
Coming into Force
Canadian Radio-television and Telecommunications Commission Act
Amendments to the Act
Consequential Amendment to the Broadcasting Act
Coming into Force
Canadian Space Agency Act
Amendments to the Act
Coming into Force
Canadian Tourism Commission Act
Amendments to the Act
Coming into Force
Department of Human Resources and Skills Development Act
Amendment to the Act
Coming into Force
Energy Supplies Emergency Act
Amendments to the Act
Coming into Force
Export Development Act
Amendment to the Act
Coming into Force
Farm Products Agencies Act
Amendments to the Act
Coming into Force
First Nations Fiscal and Statistical Management Act
Amendments to the Act
Coming into Force
Freshwater Fish Marketing Act
Amendment to the Act
Coming into Force
Historic Sites and Monuments Act
Amendments to the Act
Coming into Force
International Boundary Commission Act
Amendments to the Act
Coming into Force
International Development Research Centre Act
Amendments to the Act
Coming into Force
National Defence Act
Amendment to the Act
Coming into Force
National Research Council Act
Amendment to the Act
Coming into Force
National Round Table on the Environment and the Economy Act
Amendment to the Act
Coming into Force
Natural Sciences and Engineering Research Council Act
Amendment to the Act
Coming into Force
Public Sector Pension Investment Board Act
Amendment to the Act
Coming into Force
Roosevelt Campobello International Park Commission Act
Amendment to the Act
Coming into Force
Social Sciences and Humanities Research Council Act
Amendment to the Act
Coming into Force
Standards Council of Canada Act
Amendments to the Act
Coming into Force
Status of the Artist Act
Amendment to the Act
Coming into Force
Division 2 — North American Free Trade Agreement Implementation Act
Amendments to the Act
Transitional Provisions
Consequential Amendments to the Financial Administration Act
Consequential Amendment to the Special Import Measures Act
Coming into Force
Division 3 — The Intercolonial and Prince Edward Island Railways Employees’ Provident Fund Act
Repeal of the Act
Coming into Force
Part 9 · Pension Benefits Standards Act, 1985
Amendments to the Act
Transitional Provision
Coming into Force
*1827Order in council#
The provisions of this Part — other than sections 1788, 1789, 1792, 1793, 1794, 1796, 1798, 1799, 1801, 1803, 1810 and 1811, subsection 1813(2), section 1814, subsections 1816(1) and (3), section 1819, subsections 1820(2) to (5), (7), (8) and (10) and sections 1821, 1824 and 1825 — come into force on a day or days to be fixed by order of the Governor in Council.
Part 10 · Agreement on Social Security Between Canada and the Republic of Poland — Retroactive Coming into Force
1828Coming into force of Agreement#
Despite sections 41 and 42 of the Old Age Security Act, the Agreement on Social Security between Canada and the Republic of Poland, signed on April 2, 2008, is deemed to have come into force in Canada on October 1, 2009.
1829Actions taken#
All actions taken in accordance with the conditions of the Agreement referred to in section 1828 during the period beginning on October 1, 2009 and ending on the day on which section 1828 comes into force, including the exchange of information — with respect to a person — that is obtained under the Old Age Security Act or prepared under that Act from that information between the competent authorities or competent institutions of Canada and the Republic of Poland and the payment of any benefits purporting to have been made under that Act, are deemed to be lawful.
Part 11 · Export Development Act
Part 12 · Payment Card Networks
Enactment of Payment Card Networks Act
1834Enactment#
The Payment Card Networks Act is enacted as follows:
Related Amendments to the Financial Consumer Agency of Canada Act
Coming into Force
*1850Order in council#
Sections 6 and 7 of the Payment Card Networks Act, as enacted by section 1834, come into force on a day to be fixed by order of the Governor in Council.
Part 13 · Financial Consumer Agency of Canada Act
Amendments to the Act
Consequential Amendments
Bank Act
Cooperative Credit Associations Act
Insurance Companies Act
Trust and Loan Companies Act
Part 14 · Proceeds of Crime (Money Laundering) and Terrorist Financing Act
Amendments to the Act
Consequential Amendment to the Office of the Superintendent of Financial Institutions act
Coming into Force
*1884Royal assent of Economic Action Plan 2014 Act, No. 1#
The provisions of this Part, other than sections 1874 and 1875, are deemed to have come into force immediately before the day on which the Economic Action Plan 2014 Act, No. 1 receives royal assent.note
Part 15 · Canada Post Corporation Act
Part 16 · Canada Deposit Insurance Corporation Act
Amendments to the Act
Coming into Force
*1893Subsection 245(7) of the Budget Implementation Act, 2009#
Sections 1889 and 1890 come into force on the day on which subsection 245(7) of the Budget Implementation Act, 2009 comes into force or, if it is later, on the day on which this Act receives royal assent.
Part 17 · Federal Credit Unions
Bank Act
Canada Deposit Insurance Corporation Act
Income Tax Act
Related Amendments
Bank of Canada Act
Canada Cooperatives Act
Cooperative Credit Associations Act
Financial Consumer Agency of Canada Act
Insurance Companies Act
Office of the Superintendent of Financial Institutions Act
Trust and Loan Companies Act
Winding-up and Restructuring Act
Coordinating Amendments
Coming into Force
Part 18 · Atomic Energy of Canada Limited
Reorganization and Divestiture
2137Definitions#
(1)The following definitions apply in this Part.
AECL means Atomic Energy of Canada Limited. (EACL)
assets includes
(a)in relation to an entity, the securities of another entity held by, on behalf of or in trust for the entity; and
(b)intangible property. (actifs)
security means
(a)in relation to a corporation, a share of any class or series of shares or a debt obligation of the corporation, and includes any conversion or exchange privilege, option or other right to acquire a share or debt obligation of the corporation; and
(b)in relation to any other entity, any ownership interest in or debt obligation of the entity and includes any conversion or exchange privilege, option or other right to acquire an ownership interest or debt obligation of the entity. (titre)
(2)In this Part corporation, share and wholly-owned subsidiary have the same meaning as in subsection 83(1) of the Financial Administration Act.
(3)Unless a contrary intention appears, words and expressions used in this Part have the same meaning as in the Canada Business Corporations Act.
(4)In the event of any inconsistency between this Part and the Canada Business Corporations Act or anything issued, made or established under that Act, this Part prevails to the extent of the inconsistency.
(5)Nothing in, or done under the authority of, this Part affects the operation of the Competition Act in respect of the acquisition of any interest in an entity.
2138Purpose#
The purpose of this Part is to authorize a number of measures for the reorganization and divestiture of all or any part of AECL’s business.
2139Authority to sell shares, etc.#
(1)The Minister may, with the approval of the Governor in Council and on any terms that the Governor in Council considers appropriate,
(a)despite section 11 of the Nuclear Energy Act, sell or otherwise dispose of some or all of the securities of AECL;
(b)procure an addition to, or other material change in, the objects or purposes for which AECL is incorporated or the restrictions on the businesses or activities that it may carry on, as set out in its articles;
(c)procure the amalgamation of AECL; or
(d)procure the dissolution of AECL.
(2)The Minister may do anything or cause anything to be done that is necessary for, or incidental to, a measure approved under subsection (1).
2140Authority with respect to entities#
(1)The Minister may, with the approval of the Governor in Council and on any terms that the Governor in Council considers appropriate,
(a)procure the incorporation of a corporation, securities of which, on incorporation, would be held by, on behalf of or in trust for, Her Majesty in right of Canada and sell or otherwise dispose of some or all of the securities of the corporation;
(b)procure the formation of any other entity, securities of which, on formation, would be held by, on behalf of or in trust for, Her Majesty in right of Canada and sell or otherwise dispose of some or all of the securities of the entity;
(c)acquire securities of a corporation that, on acquisition, would be held by, on behalf of or in trust for, Her Majesty in right of Canada and sell or otherwise dispose of some or all of the securities of the corporation; and
(d)acquire securities of any other entity that, on acquisition, would be held by, on behalf of or in trust for, Her Majesty in right of Canada and sell or otherwise dispose of some or all of the securities of the entity.
(2)The Minister may do anything or cause anything to be done that is necessary for, or incidental to, a measure approved under subsection (1).
(3)The Governor in Council may, by order, declare that any of the provisions of Part X of the Financial Administration Act do not apply to a corporation referred to in subsection (1)(a).
2141Authority#
(1)AECL, a corporation referred to in paragraph 2140(1)(a), any other entity referred to in paragraph 2140(1)(b) or any one of their wholly-owned subsidiaries or wholly-owned entities may, with the approval of the Governor in Council and on any terms that the Governor in Council considers appropriate,
(a)sell or otherwise dispose of some or all of its assets;
(b)sell or otherwise dispose of some or all of its liabilities;
(c)issue securities and sell or otherwise dispose of some or all of those securities;
(d)reorganize its capital structure;
(e)acquire assets of a corporation or any other entity;
(f)procure an addition to, or other material change in, the objects or purposes for which it is incorporated or formed or the restrictions on the businesses or activities that it may carry on, as set out in its articles or constituting documents;
(g)procure the incorporation of a corporation, securities of which, on incorporation, would be held by, on behalf of or in trust for, the entity that procures the incorporation;
(h)procure the formation of any other entity, securities of which, on formation, would be held by, on behalf of or in trust for, the entity that procures the formation;
(i)acquire securities of a corporation or any other entity that, on acquisition, would be held by, on behalf of or in trust for, the entity that acquires the securities;
(j)sell or otherwise dispose of some or all of the securities of a corporation or any other entity that are held by, on behalf of or in trust for, the entity that sells or otherwise disposes of the securities;
(k)procure its amalgamation or the amalgamation of any of its wholly-owned subsidiaries;
(l)procure its dissolution or the dissolution of any of its wholly-owned subsidiaries; or
(m)do anything that is necessary for, or incidental to, a measure approved under paragraphs (a) to (l).
(2)The Governor in Council may, on the recommendation of the Minister and on any terms that the Governor in Council considers appropriate, direct AECL, a corporation referred to in paragraph 2140(1)(a) or any other entity referred to in paragraph 2140(1)(b) to take, or cause any of its wholly-owned subsidiaries or wholly-owned entities to take, a measure referred to in subsection (1).
(3)The Governor in Council may not issue a directive to AECL, a corporation referred to in paragraph 2140(1)(a) or any other entity referred to in paragraph 2140(1)(b)
(a)after any of its securities are sold or otherwise disposed of; or
(b)with respect to any of its wholly-owned subsidiaries or wholly-owned entities, after the wholly-owned subsidiaries or wholly-owned entities’ securities are sold or otherwise disposed of.
(4)The directors of AECL or of the corporation, or persons acting in a similar capacity with respect to the entity, must comply with a directive issued by the Governor in Council. That compliance is in the best interests of AECL, the corporation or the entity, as the case may be, to whom the directive is issued.
2142Non-application of Statutory Instruments Act#
The Statutory Instruments Act does not apply to a directive.
2143Tabling in Parliament#
(1)The Minister is to cause a copy of a directive to be laid before each House of Parliament on any of the first 15 days on which that House is sitting after the day on which the directive is issued.
(2)However, if the Minister is of the opinion that publishing information contained in the directive would be detrimental to Canada’s interests or the commercial interests of AECL or the corporation or other entity to whom the directive is issued, as the case may be, the Minister is to cause a copy of the directive to be laid before each House of Parliament on any of the first 15 days on which that House is sitting after the day on which he or she is notified that the directive has been implemented.
2145Financial Administration Act#
Sections 89, 90 and 91 and subsection 99(2) of the Financial Administration Act do not apply to any measure referred to in sections 2139 to 2141.
Canadian Nuclear Laboratories Ltd.
2147Not an agent#
Canadian Nuclear Laboratories Ltd., a corporation incorporated under the Canada Business Corporations Act on May 30, 2014, is not an agent of Her Majesty in right of Canada.note
2148Deeming on sale or disposition#
(1)A sale or other disposition by AECL of the securities of Canadian Nuclear Laboratories Ltd. under paragraph 2141(1)(j) is deemed to be a transfer or divestiture of the administration of a service to which subsection 40.1(1) of the Public Service Superannuation Act applies. On the day on which the sale or disposition occurs,
(a)every employee of Canadian Nuclear Laboratories Ltd. is deemed to be a contributor to whom that subsection 40.1(1) applies; and
(b)Canadian Nuclear Laboratories Ltd. is deemed to be the person, referred to in that subsection 40.1(1), to whom the service is transferred or divested who becomes the employer of the employees.
(2)Canadian Nuclear Laboratories Ltd. forms part of the public service for the purposes of the Public Service Superannuation Act, as if the Treasury Board had so directed under paragraph 40.1(2)(a) of that Act, for a period of three years beginning on the day on which the sale or other disposition referred to in subsection (1) takes place.
(3)As a condition of remaining part of the public service, Canadian Nuclear Laboratories Ltd. must make monthly payments into the Superannuation Account or the Public Service Pension Fund of the amounts determined in accordance with section 9 of the Public Service Superannuation Regulations.
(4)An individual who becomes, or again becomes, an employee of Canadian Nuclear Laboratories Ltd. after the day on which the sale or other disposition referred to in subsection (1) takes place is not required to contribute under section 5 of the Public Service Superannuation Act during the period referred to in subsection (2).
(5)For greater certainty, regulations may be made under paragraph 42.1(1)(u) of the Public Service Superannuation Act with respect to the employees who are deemed to be contributors under paragraph (1)(a).
note
Public Service Superannuation Act
Part 19 · Participant Funding Programs
National Energy Board Act
Nuclear Safety and Control Act
Part 20 · Environmental Assessment
Canadian Environmental Assessment Act
Amendments to the Act
Transitional Provisions
Exclusion List Regulations, 2007
Regulations Amending the Exclusion List Regulations, 2007
Infrastructure Projects Environmental Assessment Adaptation Regulations
Part 21 · Canada Labour Code
Amendments to the Act
Transitional Provision
Coming into Force
Part 22 · Payments to Certain Entities
Canadian Youth Business Foundation
Genome Canada
Pathways to Education Canada
Rick Hansen Foundation
Part 23 · Telecommunications Act
Part 24 · Employment Insurance Financing
Employment Insurance Act
Amendments to the Act
Transitional Provisions
Consequential Amendments
Department of Human Resources and Skills Development Act
Employment Insurance Regulations
Budget Implementation Act, 2008
Canada Employment Insurance Financing Board Act
Coming into Force
*2208January 1, 2009#
(1)Sections 2185 to 2187 and 2190 to 2194 are deemed to have come into force on January 1, 2009.
(2)Section 2188 comes into force on the day on which section 127 of the Budget Implementation Act, 2008 comes into force.
Schedule 1 · (Section 1642)
[Amendments]
Schedule 2 · (Section 1644)
[Amendments]
Schedule 3 · (Section 2161)
[Amendment]
Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.