C-314160Elizabeth II2011An Act to implement certain provisions of the 2011 budget as updated on June 6, 2011Supporting Vulnerable Seniors and Strengthening Canada’s Economy ActSupporting Vulnerable Seniors and Strengthening Canada’s Economy201301

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20116

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S-25.515201190613Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:SHORT TITLE

Short title1.This Act may be cited as the Supporting Vulnerable Seniors and Strengthening Canada’s Economy Act.

PART 1AMENDMENTS TO THE INCOME TAX ACT, A RELATED ACT AND A RELATED REGULATIONIncome Tax Act

2.[Amendments]

3.[Amendments]

Canada Disability Savings Act

4.[Amendment]

5.[Amendment]

6.[Amendment]

Canada Disability Savings Regulations

7.[Amendment]

8.[Amendment]

PART 2MEASURES RELATING TO EXCISE DUTIES AND SALES AND EXCISE TAXESExcise Act, 2001

9.[Amendment]

Excise Tax Act

10.[Amendment]

11.[Amendment]

12.[Amendments]

PART 3OLD AGE SECURITY ACT

13.[Amendment]

14.[Amendment]

PART 4PAYMENTSGenome Canada

Maximum payment of $65,000,00015.There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Industry, a sum of not more than $65,000,000 to Genome Canada for its use.

Canadian Youth Business Foundation

Maximum payment of $20,000,00016.There may be paid out of the Consolidated Revenue Fund for the fiscal years 2011-12 and 2012-13, on the requisition of the Minister of Industry, a sum of not more than $20,000,000 to the Canadian Youth Business Foundation for its use.

PART 5AUDITOR GENERAL ACT

17.[Amendment]

PART 6CANADA STUDENT FINANCIAL ASSISTANCE ACTAmendments to the Act

18.[Amendments]

Coming into Force

Order in council*19.Section 18 comes into force on a day to be fixed by order of the Governor in Council.*[Note: Section 18 in force January 1, 2012, see SI/2011-112.]

PART 7MORTGAGE OR HYPOTHECARY INSURANCEEnactment of Protection of Residential Mortgage or Hypothecary Insurance Act

Enactment20.The Protection of Residential Mortgage or Hypothecary Insurance Act is enacted as follows:[See Protection of Residential Mortgage or Hypothecary Insurance Act]

Consequential AmendmentsBudget Implementation Act, 2006

21.[Amendment]

National Housing Act

22.[Amendment]

23.[Amendment]

24.[Amendment]

Office of the Superintendent of Financial Institutions Act

25.[Amendment]

Coming into Force

Order in council*26. This Part comes into force on a day to be fixed by order of the Governor in Council.*[Note: Sections 22 to 24 in force June 29, 2012, see 2012, c. 19, s. 359; Part 7, other than sections 22 to 24, in force January 1, 2013, see SI/2012-87.]

PART 8FEDERAL-PROVINCIAL FISCAL ARRANGEMENTS ACT

27.[Amendment]

28.[Amendment]

29.[Amendment]

PART 9INSURANCE COMPANIES ACT

30.[Amendment]

31.[Amendment]

PART 10ASSESSMENT OF FINANCIAL INSTITUTIONS REGULATIONS, 2001Amendment to the Regulations

32.[Amendment]

Validation

33.[Transitional Provision]

PART 11FINANCIAL ADMINISTRATION ACTAmendments to the Act

34.[Amendment]

35.[Amendment]

Coming into Force

June 1, 201136.Section 35 is deemed to have come into force on June 1, 2011.

PART 12CANADA SHIPPING ACT, 2001Amendments to the Act

37.[Amendment]

38.[Amendment]

39.[Amendments]

40.[Amendment]

41.[Amendment]

42.[Amendment]

43.[Amendments]

44.[Amendment]

Consequential Amendment to the Coasting Trade Act

45.[Amendment]