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The effective date of a reduction of the employer’s premium rate under subsection 62(1) is,
(a)in the case of an initial application for a reduction,
(i)the first day of the month following the month in which the application was made, if it was made on or before the 15th day of the month, or
(ii)the first day of the second month following the month in which the application was made, if it was made after the 15th day of the month, and
(b)in the case of an application for the continuation of a reduction, the effective date of the modification or replacement of the plan.
note
Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.