Employment Insurance Act (S.C. 1996, c. 23)

Marginal note:Information provided

• 66.1 (1) The Minister shall, on or before September 30 in a year, provide the Board with the following information:

  • (a) if the Minister has made an announcement referred to in paragraph 66(2)(e), the forecast change in the amount of the payments to be made during the following year under paragraph 77(1)(a), (b) or (c), as the case may be;

  • (b) the forecast costs to be paid under paragraphs 77(1)(d) and (f) during the following year, including any forecast change in those costs resulting from any change to the payments referred to in paragraph (a);

  • (c) the total of the amounts charged to the Employment Insurance Operating Account as of the last day of the most recent month for which that total is known by the Minister; and

  • (d) any prescribed information.

• Marginal note:Regulations

  (2) On the recommendation of the Minister, the Governor in Council may make regulations

  • (a) prescribing information referred to in paragraph (1)(d); and

  • (b) specifying which of the information referred to in subsection (1) is binding on the Board.

Marginal note:Information provided

• 66.2 (1) The Minister of Finance shall, on or before September 30 in a year, provide the Board with the following information:

  • (a) the most current forecast values of the economic variables that are relevant to the determination under section 66 of a premium rate for the following year;

  • (b) the amounts forecast under subparagraphs 77.1(1)(a)(i) and (ii) and the total estimated under subparagraph 77.1(1)(a)(iii);

  • (c) the amount of any payment to be made under subsection 77.1(2) or (4) during the year; and

  • (d) any prescribed information.

• Marginal note:Regulations

  (2) On the recommendation of the Minister of Finance, the Governor in Council may make regulations

  • (a) prescribing information referred to in paragraph (1)(d); and

  • (b) specifying which of the information referred to in subsection (1) is binding on the Board.

Marginal note:Governor in Council

• 66.3 (1) On the joint recommendation of the Minister and the Minister of Finance, the Governor in Council may, on or before November 30 in a year,

  • (a) if the Governor in Council considers it to be in the public interest, substitute a premium rate for the following year that is different from the one set by the Board under section 66; or

  • (b) if the Board has not set a premium rate under that section by November 14 in the year, set one for the following year.

• Marginal note:Non-application of subsection 66(7)

  (2) Subsection 66(7) does not apply to the setting of the premium rate under subsection (1).