157. The Canada Student Loans Act is amended by adding the following after section 11:

Marginal note:2008, c. 28, s. 113(1)

• 158. (1) Paragraph 17(k.1) of the Act is replaced by the following:

  • (k.1) respecting the circumstances in which an amount on account of principal or interest is not required to be paid in respect of guaranteed student loans;

• (2) Paragraph 17(r) of the Act is replaced by the following:

  • (q.2) prescribing the amount that may be forgiven in respect of a year under section 11.1 in respect of a guaranteed student loan;

  • (q.3) prescribing the maximum number of years in respect of which amounts may be forgiven under section 11.1 in respect of a guaranteed student loan;

  • (r) defining the expressions “family physician”, “full-time student”, “nurse”, “nurse practitioner”, “part-time student”, “responsible officer of a lender” and “under-served rural or remote community” for the purposes of this Act;

Marginal note:Order in council

• 159. (1) Sections 152 and 153, subsections 155(1) and (2) and sections 157 and 158 come into force on a day to be fixed by order of the Governor in Council.

• Marginal note:Order in council

  (2) Section 154 and subsection 155(3) come into force on a day to be fixed by order of the Governor in Council.

• 160. (1) Section 96 of the Employment Insurance Act is amended by adding the following after subsection (8.6):

  • Marginal note:Temporary measure — small business refund 2011

    (8.7) If an employer’s premium is $10,000 or less for 2010, the Minister shall refund to the employer a portion of the premium for 2011 determined by the following formula if that amount is more than $2:

    P2 – P1

    where

    P1 

    is the amount of the employer’s premium in 2010; and

    P2 

    is the amount of the employer’s premium in 2011.

  • Marginal note:P1 can be equal to zero

    (8.8) For the purposes of subsection (8.7), P1 is equal to zero if a person was not required to pay an employer’s premium in 2010.

  • Marginal note:Maximum refund

    (8.9) A refund under subsection (8.7) shall not exceed $1,000.

• (2) Section 96 of the Act is amended by adding the following after subsection (13):

  • Marginal note:No interest payable

    (13.1) Despite subsection (13), no interest shall be paid on refunds payable under subsection (8.7).