Budget and Economic Statement Implementation Act, 2007 (S.C. 2007, c. 35)

• 89. (1) The Regulations are amended by replacing “stock exchange referred to in section 3200” with “designated stock exchange in Canada” in the following provisions:

  • (a) subparagraph 4900(1)(i)(i);

  • (b) the portion of subparagraph 4900(1)(i)(ii) after clause (C);

  • (c) the portion of 6201(1) before paragraph (a);

  • (d) the portion of subsection 6201(2) before paragraph (a); and

  • (e) the portion of subsection 6201(4) before paragraph (a).

• (2) Subsection (1) comes into force on the day on which this Act is assented to.

Marginal note:SOR/97-472, s. 1(2)

• 90. (1) Paragraphs 8(1.12)(a) and (b) of the Canada Pension Plan Regulations are replaced by the following:

  • (a) the average monthly withholding amount in respect of an employer for either the first or the second calendar year before the particular calendar year that includes that time is less than $3,000;

  • (b) throughout the 12-month period before that time, the employer has remitted, on or before the day on or before which the amounts were required to be remitted, all amounts each of which was required to be remitted under subsection 21(1) of the Act, under subsection 82(1) of the Employment Insurance Act, under Part IX of the Excise Tax Act or under subsection 153(1) of the Income Tax Act; and

• (2) Subsection (1) applies in respect of amounts required to be deducted or withheld after 2007.

Marginal note:SOR/97-472, s. 2(2)

• 91. (1) Paragraphs 4(3.1)(a) and (b) of the Insurable Earnings and Collection of Premiums Regulations are replaced by the following:

  • (a) the average monthly withholding amount in respect of an employer for either the first or the second calendar year before the particular calendar year that includes that time is less than $3,000;

  • (b) throughout the 12-month period before that time, the employer has remitted, on or before the day on or before which the amounts were required to be remitted, all amounts each of which was required to be remitted under subsection 82(1) of the Act, under subsection 21(1) of the Canada Pension Plan, under Part IX of the Excise Tax Act, or under subsection 153(1) of the Income Tax Act; and

• (2) Subsection (1) applies in respect of amounts required to be deducted or withheld after 2007.