Low-value Amounts Regulations (SOR/2015-68)

Regulations are current to 2017-11-20 and last amended on 2015-04-01. Previous Versions

Low-value Amounts Regulations

SOR/2015-68

FINANCIAL ADMINISTRATION ACT

Registration 2015-03-25

Low-value Amounts Regulations

Whereas, pursuant to paragraphs 155.2(2)(a)Footnote a and (c) of the Financial Administration ActFootnote b, the Treasury Board is of the opinion that circumstances justify doing so;

Therefore, the Treasury Board, pursuant to subsection 155.2(2)Footnote a of the Financial Administration ActFootnote b, makes the annexed Low-value Amounts Regulations.

Definition of Act

 In these Regulations, Act means the Financial Administration Act.

Marginal note:Amounts deemed nil

 For the purposes of subsection 155.2(1) of the Act, the amount is fixed at:

Marginal note:Exception — accumulated amounts
  •  (1) Despite section 2, the following amounts payable by Her Majesty in right of Canada accumulate for the period referred to in paragraph (2)(a) or (b):

  • Marginal note:Period of accumulation

    (2) The amounts payable accumulate during the following periods:

    • (a) in the case of amounts referred to in paragraph (1)(a), for a period of up to 12 months after the day on which they become payable;

    • (b) in the case of amounts referred to in paragraphs (1)(b) to (d), for a period of up to 12 months after the day on which they become payable or until the end of the calendar year in which they became payable, whichever comes first.

  • Marginal note:Payment

    (3) If at any time during the period referred to in paragraph (2)(a) or (b) the accumulated amount exceeds the applicable threshold, payment will be made within 30 days after that time.

  • Marginal note:No payment

    (4) Subject to paragraph 4(d), if the accumulated amount does not exceed the applicable threshold at the end of the period referred to in paragraph (2)(a) or (b), it is deemed nil under subsection 155.2(1) of the Act.

  • Marginal note:Circumstance for accumulation

    (5) For the purposes of subsection (1), only amounts payable to the same recipient that are of the same type or payable under the same program, legislation or regulation may accumulate.

Marginal note:Exemption

 Subsection 155.2(1) of the Act does not apply to the following amounts:

  • (a) amounts payable by or to Her Majesty in right of Canada in currencies other than Canadian dollars;

  • (b) user fees as defined in section 2 the User Fees Act;

  • (c) immediate payments in exchange for goods and services; and

  • (d) amounts that are requested in writing by the recipient, if the request is sent to the appropriate Minister within 12 months after the day on which the amount becomes payable.

Marginal note:April 1, 2015

 These Regulations come into force on April 1, 2015.

AMENDMENTS NOT IN FORCE

  • — SOR/2017-161, par. 10(d)

    • 10 Every reference to “Canadian Forces Members and Veterans Re-establishment and Compensation Act” is replaced by “Veterans Well-being Act” in the following provisions:

      • (d) paragraph 3(1)(a) of the Low-value Amounts Regulations.

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