Low-value Amounts Regulations
Definition of Act
Marginal note:Amounts deemed nil
2 For the purposes of subsection 155.2(1) of the Act, the amount is fixed at:
(a) 99 cents for all amounts payable by Her Majesty in right of Canada under the Canada Pension Plan, the Employment Insurance Act and the Old Age Security Act, as well as any regulations made under those Acts; or
(b) two dollars in any other case.
Marginal note:Exception — accumulated amounts
(a) amounts payable under the Canada Pension Plan, the Canadian Forces Members and Veterans Re-establishment and Compensation Act, the Department of Veteran Affairs Act, the Old Age Security Act, the Pension Act and the War Veterans Allowance Act, as well as any regulations made under those Acts;
(b) amounts payable under the authority conferred on the Minister of Public Works and Government Services under sections 12 and 13 of the Department of Public Works and Government Services Act;
(c) amounts payable to officers and non-commissioned members as defined in subsection 2(1) of the National Defence Act and to members as defined in subsection 2(1) of the Royal Canadian Mounted Police Act, on account of salary, wages, pay and pay and allowances; and
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.
(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.
4 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;
(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
5 These Regulations come into force on April 1, 2015.
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