Canada Pension Plan Investment Board Act (S.C. 1997, c. 40)

Act current to 2014-08-05 and last amended on 2011-12-31. Previous Versions

Canada Pension Plan Investment Board Act

S.C. 1997, c. 40

Assented to 1997-12-18

An Act to establish the Canada Pension Plan Investment Board and to amend the Canada Pension Plan and the Old Age Security Act and to make consequential amendments to other Acts

Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

SHORT TITLE

Marginal note:Short title

 This Act may be cited as the Canada Pension Plan Investment Board Act.

INTERPRETATION

Marginal note:Definitions

 The definitions in this section apply in this Act.

“appropriate provincial Minister”

« ministre provincial compétent »

“appropriate provincial Minister”, in respect of a province, means the province’s minister of the Crown who has primary responsibility for that province’s finances.

“Board”

« Office »

“Board” means the Canada Pension Plan Investment Board established by section 3.

“by-law”

Version anglaise seulement

“by-law” means a by-law of the Board.

“court”

« tribunal »

“court” means

  • (a) in the Province of Ontario, the Ontario Court (General Division);

  • (b) in the Province of Quebec, the Superior Court of the Province;

  • (c) in the Provinces of Nova Scotia and British Columbia, the Supreme Court of the Province;

  • (d) in the Provinces of New Brunswick, Manitoba, Saskatchewan and Alberta, the Court of Queen’s Bench for the Province;

  • (e) in the Provinces of Prince Edward Island and Newfoundland, the trial division of the Supreme Court of the Province; and

  • (f) the Supreme Court of Yukon, the Supreme Court of the Northwest Territories and the Nunavut Court of Justice.

“designated security”

« titre désigné »

“designated security” means

  • (a) an obligation

    • (i) that, before April 1, 1998, was held to the credit of the Canada Pension Plan Investment Fund, as established under subsection 109(1) of the Canada Pension Plan,

    • (ii) that, as applied to Canada, is an obligation of the Government of Canada and, as applied to a province, is an obligation of the government of the province or an obligation of any agent of Her Majesty in right of the province that is guaranteed as to principal and interest by that government, and

    • (iii) that complies with the conditions that were set out in section 111 of the Canada Pension Plan as that section read immediately before April 1, 1998; or

  • (b) an obligation that

    • (i) on or after April 1, 1998, was purchased by the Minister of Finance under section 110 of the Canada Pension Plan or is purchased by the Board under section 6.1, and

    • (ii) is an obligation of the government of a province or an obligation of any agent of Her Majesty in right of a province that is guaranteed as to principal and interest by that government.

“entity”

« entité »

“entity” means a body corporate, a trust, a partnership, a fund, an unincorporated association or organization, Her Majesty in right of Canada or of a province or an agency of Her Majesty in right of Canada or of a province and the government of a foreign country or any political subdivision or agency of the government of a foreign country.

“Minister”

« ministre »

“Minister” means the Minister of Finance.

“participating province”

« province participante »

“participating province” means a province other than

  • (a) a territory; and

  • (b) a province providing a comprehensive pension plan as defined in subsection 3(1) of the Canada Pension Plan.

“subsidiary”

« filiale »

“subsidiary” means a corporation that is wholly owned by the Board directly or indirectly through any number of subsidiaries each of which is wholly owned directly or indirectly by the Board.

  • 1997, c. 40, s. 2;
  • 1999, c. 3, s. 19;
  • 2002, c. 7, s. 112(E);
  • 2003, c. 5, s. 12.