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Economic Action Plan 2013 Act, No. 1 (S.C. 2013, c. 33)

Assented to 2013-06-26

Consequential Amendments

1991, c. 8Canadian Race Relations Foundation Act

Marginal note:2009, c. 2, s. 380

 Subsection 17(3) of the Canadian Race Relations Foundation Act is replaced by the following:

1999, c. 34Public Sector Pension Investment Board Act

Marginal note:2009, c. 2, s. 381

 Subsection 3(6) of the Public Sector Pension Investment Board Act is replaced by the following:

  • Marginal note:Financial Administration Act

    (6) Part X of the Financial Administration Act, except for sections 89.8 to 89.92, 113.1, 132 to 147 and 154.01, does not apply to the Board. For the purposes of those sections, any reference to section 131 of that Act shall be read as a reference to section 35 of this Act.

Coming into Force

Marginal note:Order in council

 Subsection 228(2) comes into force, in accordance with subsection 114(4) of the Canada Pension Plan, on a day to be fixed by order of the Governor in Council.

Division 18Keeping Canada’s Economy and Jobs Growing Act

Marginal note:2011, c. 24

 Section 161 of the Keeping Canada’s Economy and Jobs Growing Act is replaced by the following:

Marginal note:Maximum payment
  • 161. (1) There may be paid out of the Consolidated Revenue Fund for each fiscal year beginning on or after April 1, 2014, on the requisition of the Minister set out in Schedule I.1 to the Financial Administration Act with respect to the Office of Infrastructure of Canada or of the Minister of Indian Affairs and Northern Development, in accordance with terms and conditions approved by the Treasury Board, a sum of not more than the amount determined in accordance with subsection (2) to provinces, territories, municipalities, municipal associations, provincial, territorial and municipal entities and First Nations for the purpose of municipal, regional and First Nations infrastructure.

  • Marginal note:Calculation of sum

    (2) For the fiscal year beginning on April 1, 2014, the sum that may be paid under subsection (1) is $2,000,000,000. For each subsequent fiscal year, the sum may be $100,000,000 more than the sum that may be paid for the previous fiscal year, if the amount determined in accordance with the formula set out in subsection (3) exceeds by $100,000,000 or more the sum that may be paid for the previous fiscal year.

  • Marginal note:Formula

    (3) For the purposes of subsection (2), the formula is as follows:

    A x 1.02B

    where

    A 
    is $2,000,000,000; and
    B 
    is the number obtained by subtracting 2013 from the number of the year in which the fiscal year in question begins.
 
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