Old Age Security Regulations (C.R.C., c. 1246)

7. Where the amount of a partial monthly pension referred to in subsection 3(3) of the Act contains a fraction of a dollar that is represented by three or more digits,

• (a) if the third digit is less than 5, the third and subsequent digits shall be dropped; and

• (b) if the third digit is 5 or greater than 5, the second digit shall be increased by 1 and the third and subsequent digits shall be dropped.

• 8. (1) Where the amount of a full monthly pension or supplement is adjusted quarterly pursuant to subsection 7(2) or 12(2) of the Act,

  • (a) there shall be an adjustment to the nearest cent, in accordance with subsection (2), of the product obtained

    • (i) by multiplying the amount referred to in paragraph 7(2)(a) of the Act by the ratio referred to in paragraph 7(2)(b) of the Act, or

    • (ii) by multiplying the amount referred to in paragraph 12(2)(a) of the Act by the ratio referred to in paragraph 12(2)(b) of the Act; and

  • (b) the ratios referred to in paragraph (a) shall be expressed as decimal fractions in accordance with subsection (3).

• (2) Where the product referred to in paragraph (1)(a) contains a fraction of a dollar that is represented by three or more digits,

  • (a) if the third digit is less than 5, the third and subsequent digits shall be dropped; and,

  • (b) if the third digit is 5 or greater than 5, the second digit shall be increased by 1 and the third and subsequent digits shall be dropped.

• (3) Where the ratios referred to in paragraph (1)(a) contain a fraction that is less than 1, that fraction shall be expressed as a decimal fraction of four digits after the decimal point, and

  • (a) where the fourth digit after the decimal point is less than 5, the fourth digit after the decimal point shall be dropped; and

  • (b) where the fourth digit after the decimal point is 5 or greater than 5, the third digit after the decimal point shall be increased by 1 and the fourth digit after the decimal point shall be dropped.

• 9. (1) The average of the Consumer Price Index for Canada for a period of months shall be determined by dividing the aggregate of the Consumer Price Index for Canada, as published by Statistics Canada under the authority of the Statistics Act, for each month in that period by the number of months in that period.

• (2) Where the quotient obtained pursuant to subsection (1) contains a fraction that is less than 1, such fraction shall be expressed as a decimal fraction of two digits after the decimal point and

  • (a) the second digit after the decimal point shall be dropped if that digit is less than 5; or

  • (b) the first digit after the decimal point shall be increased by one and the second digit shall be dropped if the second digit is 5 or greater than 5.