Marginal note:Binding on the Crown
84 For greater certainty, this Part is binding on the Crown.
- 1984, c. 31, s. 11.
Marginal note:Exemption for Bank of Canada
Marginal note:Exemption for Canada Pension Plan Investment Board
(1.01) Divisions I to IV, except for section 154.01, do not apply to the Canada Pension Plan Investment Board.
Marginal note:Exempted Crown corporations
(1.1) Divisions I to IV, except for sections 89.8 to 89.92, subsection 105(2) and sections 113.1, 119, 131 to 148 and 154.01, do not apply to the Canada Council for the Arts, the Canadian Broadcasting Corporation, the International Development Research Centre or the National Arts Centre Corporation.
Marginal note:Exemption for Telefilm Canada
(1.2) Divisions I to IV, except for sections 89.8 to 89.92, subsection 105(2) and sections 113.1, 119, 131 to 148 and 154.01 and subject to subsection 21(2) of the Telefilm Canada Act, do not apply to Telefilm Canada.
(2) Divisions I to V do not apply to any Crown corporation incorporated or acquired, with the written authorization of the appropriate Minister,
Marginal note:Exemption for federal member institution
(2.1) Divisions I to IV do not apply to a member institution, as defined in section 2 of the Canada Deposit Insurance Corporation Act, any shares of which are held by the Canada Deposit Insurance Corporation as the result of the granting of an exemption referred to in section 10.01 of that Act.
(3) Divisions I to IV do not apply to
(a) a federal member institution, within the meaning assigned to that expression by section 2 of the Canada Deposit Insurance Corporation Act, the shares of which have been vested in the Canada Deposit Insurance Corporation by order of the Governor in Council under section 39.13 of that Act; or
(b) to the Canada Deposit Insurance Corporation, as a parent Crown corporation in respect of a wholly-owned subsidiary that is a federal member institution described in paragraph (a).
Marginal note:Exemption — bridge institution
(4) Sections 88 and 89.2 to 104 and Divisions II to IV do not apply to
- R.S., 1985, c. F-11, s. 85;
- R.S., 1985, c. 46 (1st Supp.), s. 7;
- 1992, c. 26, s. 18;
- 1993, c. 1, s. 9, c. 44, s. 156;
- 1997, c. 40, s. 108;
- 1998, c. 17, s. 31;
- 2001, c. 11, s. 6, c. 34, s. 16;
- 2002, c. 17, s. 14;
- 2005, c. 14, s. 8, c. 30, ss. 35, 51;
- 2006, c. 9, s. 262;
- 2009, c. 2, ss. 257, 369, c. 31, s. 59;
- 2013, c. 33, s. 228.
Marginal note:Application to wholly-owned subsidiaries
86 (1) Each parent Crown corporation shall take such steps in relation to the articles, by-laws and management of each wholly-owned subsidiary of the corporation, if any, as are necessary to ensure that the businesses, activities and other affairs of the subsidiary are carried on in accordance with this Part and the regulations.
(2) The Governor in Council may declare any provision of this Part that applies only to parent Crown corporations to apply to a wholly-owned subsidiary, and the provision applies, with such modifications as the circumstances require, to that wholly-owned subsidiary as if it were a parent Crown corporation.
- R.S., 1985, c. F-11, s. 86;
- 1991, c. 24, s. 22.
87 Except as otherwise expressly provided, in the event of any inconsistency between the provisions of this Part and the provisions of any other Act of Parliament, the provisions of this Part prevail.
- 1984, c. 31, s. 11.
DIVISION ICorporate Affairs
Accountability to Parliament
Marginal note:Accountability to Parliament
88 Each Crown corporation is ultimately accountable, through the appropriate Minister, to Parliament for the conduct of its affairs.
- 1984, c. 31, s. 11.
Marginal note:Directives by Governor in Council
89 (1) The Governor in Council may, on the recommendation of the appropriate Minister, give a directive to any parent Crown corporation, if the Governor in Council is of the opinion that it is in the public interest to do so.
(2) Before a directive is given to a parent Crown corporation, the appropriate Minister shall consult the board of directors of the corporation with respect to the content and effect of the directive.
(3) [Repealed, 1991, c. 24, s. 23]
Marginal note:Tabling in Parliament
(4) The appropriate Minister shall cause a copy of any directive given to a parent Crown corporation to be laid before each House of Parliament on any of the first fifteen days on which that House is sitting after the directive is given.
(5) [Repealed, 1991, c. 24, s. 23]
Marginal note:Notification of implementation
(6) Forthwith after implementing a directive and completing any actions required to be taken in connection therewith, a parent Crown corporation shall notify the appropriate Minister that the directive has been implemented.
(7) No directive shall be given to the Standards Council of Canada with respect to
- R.S., 1985, c. F-11, s. 89;
- 1991, c. 24, s. 23.
89.1 (1) The directors of a parent Crown corporation to which a directive is given shall ensure that the directive is implemented in a prompt and efficient manner and, if in so doing they act in accordance with section 115, they are not accountable for any consequences arising from the implementation of the directive.
Marginal note:Best interests
(2) Compliance by a parent Crown corporation with a directive is deemed to be in the best interests of the corporation.
Definition of directive
(3) In this section, directive means
(a) a directive given pursuant to subsection 89(1), 94(2) or 114(3);
(b) a direction given under subsection 5(2) of the Canada Mortgage and Housing Corporation Act, subsection 9(2) of the Canadian Commercial Corporation Act or subsection 11(1) of the Canadian Dairy Commission Act; or
- 1991, c. 24, s. 24;
- 1998, c. 10, s. 173;
- 2014, c. 20, s. 188;
- 2015, c. 3, ss. 94(F), 175(F).
Implementation of World Trade Organization Agreement
89.2 (1) Notwithstanding subsections 85(1) to (1.2), the Governor in Council may give a directive pursuant to subsection 89(1) to any parent Crown corporation for the purpose of implementing any provision of the WTO Agreement that pertains to that Crown corporation.
(2) The Governor in Council may, on the recommendation of the Treasury Board and the appropriate Minister made at the request of a Crown corporation, make such regulations in relation to that corporation as the Governor in Council considers necessary for the purpose of implementing any provision of the WTO Agreement that pertains to that corporation.
(3) In subsections (1) and (2), WTO Agreement has the meaning given to the word Agreement by subsection 2(1) of the World Trade Organization Agreement Implementation Act.
- 1994, c. 47, s. 116;
- 2006, c. 9, s. 263.
- Date modified: