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NAV CANADA Divestiture Regulations (SOR/96-479)

Regulations are current to 2026-09-30 and last amended on 2016-06-23. Previous Versions

  •  (1) For the purposes of paragraph 51(2)(b) of the Act, a person to whom these Regulations apply, and to whom subsection 51(2) of the Act applied on November 1, 1996, and who has not made an election pursuant to paragraph 51(2)(b) of the Act, may, within thirty days after the coming into force of this section, elect to become a participant as defined in paragraph (c) of the definition participant in subsection 47(1) of the Act.

  • (2) An election under subsection (1) shall be made in the manner set out in section 25 of the Supplementary Death Benefit Regulations and shall be sent to the Minister within thirty days of the coming into force of this section.

  • (3) A person who makes an election under subsection (1) shall pay contributions as determined in accordance with sections 11 and 12 of the Supplementary Death Benefit Regulations.

  • (4) Notwithstanding sections 11 and 12 of the Supplementary Death Benefit Regulations, the first contribution is payable on or before the thirtieth day after the day on which this section comes into force and, subsequently, such contributions are payable each year on or before the thirtieth day after the anniversary of the day on which this section comes into force.

  • (5) Where a person does not pay an annual contribution in accordance with subsection (4), the Minister shall, where that failure to make such payment resulted from the fact that the person was misinformed as to that person’s obligations under the Act, fix a subsequent day as the day on which that contribution is due, but the due date of each annual contribution thereafter payable by the person shall be the anniversary of the thirtieth day following the day on which this section comes into force.

  • SOR/97-491, s. 1
  • SOR/2000-166, s. 1(F)

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