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Jobs and Economic Growth Act (S.C. 2010, c. 12)

Assented to 2010-07-12

  • 33. (1) Subsection 16(2) of the Regulations is replaced by the following:

    • (2) If less than all of the property, other than the property in a CLB account, held in connection with an RESP is transferred to another RESP, the assisted contributions, unassisted contributions, CES grants, any amount paid under a designated provincial program and accumulated income are considered to be transferred in the same proportion as the value of the property transferred is to the total value of the property, other than the value of the property in a CLB account, in the RESP at the time of the transfer.

  • (2) Subsection (1) applies to the 2007 and subsequent years.

Marginal note:C.R.C., c. 385

Canada Pension Plan Regulations

  • 34. (1) Subparagraph 36(2)(b)(ii) of the Canada Pension Plan Regulations is replaced by the following:

    • (ii) if the amount is payable to a corporation, zero per cent, and in any other case, 2 per cent.

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on July 1, 2010.

Marginal note:SOR/97-33

Insurable Earnings and Collection of Premiums Regulations

  • 35. (1) Subparagraph 18(2)(b)(ii) of the Insurable Earnings and Collection of Premiums Regulations is replaced by the following:

    • (ii) if the amount is payable to a corporation, zero per cent, and in any other case, 2 per cent.

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on July 1, 2010.

Marginal note:SOR/2002-63

Regulations Excluding Certain Indictable Offences from the Definition of “Designated Offence”

PART 2

AMENDMENTS IN RESPECT OF EXCISE DUTIES AND SALES AND EXCISE TAXES

Marginal note:R.S., c. E-14

Excise Act

Marginal note:1996, c. 21, s. 62(1)

  • 37. (1) Paragraph 110.1(1)(b) of the Excise Act is replaced by the following:

    • (b) interest at such rates per annum prescribed under the Income Tax Act for amounts payable by the Minister under that Act as refunds of overpayments of tax to a person that is not a corporation, as are in effect from time to time, in respect of each day between the expiration of that time and the day on which the total duty, penalty and interest outstanding is paid, calculated on the total duty, penalty and interest outstanding on that day.

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on July 1, 2010.