Advanced Search

Marginal note:Previous increase in benefits

• 12 (1) If benefits are greater than the legislated benefits, a value for S3 and the period to which S3 is to apply are to be determined, for the purposes of sections 13 to 15, such that if the Chief Actuary were to calculate the first additional contribution rates under paragraph 115(1.1)(d) of the Act assuming the following, the rates calculated would be as close as possible to the corresponding first additional contribution rates for self-employed persons, excluding any past temporary increases in those rates resulting from the operation of these Regulations:

  [...]

• Marginal note:Decrease in benefits

  (2) If the rates calculated under subsection (1) exceed the corresponding first additional contribution rates for self-employed persons by more than 0.0001, a value for S4 is to be determined, for the purposes of sections 13 to 15, such that if the Chief Actuary were to calculate the first additional contribution rates under paragraph 115(1.1)(d) of the Act assuming the following, the rates calculated would be as close as possible to the corresponding first additional contribution rates for self-employed persons, excluding any past temporary increases in those rates resulting from the operation of these Regulations:

  [...]

• Marginal note:Repetition

  (3) If the sum of the values for S3 and S4 that are determined, respectively, under subsections (1) and (2) is less than -1, the application of those subsections is to be repeated, with the shortest period referred to in paragraph (1)(b) being lengthened by three years for each repetition, until the sum of those values is greater than or equal to -1. All references in these Regulations to the value for S3 determined under subsection (1), the value for S4 determined under subsection (2), the period determined under subsection (1) or the rate calculated under subsection (1) or (2) are to be read as that value, period or rate following the final application of those subsections.

• [...]

• (5) For each year for which the first additional contribution rate calculated under subparagraph 115(1.1)(d)(ii) of the Act would include a temporary increase if benefits were determined in accordance with sections 14 and 15 and subsection 5(4) of the Calculation of Contribution Rates Regulations, 2021 did not apply,

  • (a) the first additional contribution rate for self-employed persons is deemed to equal the sum of the first additional contribution rate for self-employed persons for that year, as adjusted in accordance with subsection (4), if applicable, and the amount of any temporary increase, rounded to the nearest multiple of 0.01, that is applicable to that year;

Marginal note:Previous reduction in benefits

• 7 (1) If benefits are lower than the legislated benefits,

  • [...]

  • (b) a value for S1 and the period to which S1 is to apply are to be determined, for the purposes of sections 8 to 10, such that if the Chief Actuary were to calculate the first additional contribution rates under paragraph 115(1.1)(d) of the Act assuming the following, the rate calculated for the first year after the review period would be as close as possible to and no greater than the first additional contribution rate for self-employed persons for that year, as adjusted in accordance with paragraph (a), if applicable:

    [...]

• Marginal note:Previous rate increase

  (2) If the rates calculated under paragraph (1)(b) are less than the corresponding first additional contribution rates for self-employed persons, as adjusted in accordance with paragraph (a), if applicable, minus 0.0001, and the latter rates are greater than the corresponding legislated first additional contribution rates,

  [...]

• Marginal note:Increase in benefits

  (3) If the rates calculated under paragraph (1)(b) are less than the corresponding legislated first additional contribution rates for self-employed persons minus 0.1, a value for S2 and the period to which S2 is to apply are to be determined, for the purposes of sections 8 to 10, such that if the Chief Actuary were to calculate the first additional contribution rates under paragraph 115(1.1)(d) of the Act assuming the following, the rate calculated for the first year after the review period would be as close as possible to and no greater than the legislated first additional contribution rate for self-employed persons for that year minus 0.1:

  [...]

Marginal note:Determination of other benefits

15 Benefits, other than those that become payable in a year, are to be determined, for each year to which paragraph 14(2)(a) or (3)(a) or (b) applies and for the first year to which paragraph 14(2)(b) or (3)(c) applies, by multiplying the previous year’s benefits not by the ratio referred to in paragraph 45(2)(b) and subparagraphs 56(2)(c)(ii), 58(1.1)(b)(ii) and 59(c)(ii) of the Act, but by the value determined by the following formula, as the case may be:

• (a) for each year to which paragraph 14(2)(a) or (3)(a) applies,

  (1 + S3 + S4) × (PI_t / PI_t–1) – (S3+ S4)

  where

  S3, S4, PI_t and PI_t–1 

  have the same values as in the applicable paragraph;

• (b) for each year to which paragraph 14(3)(b) applies,

  (1 + S3) × (PI_t / PI_t–1) – S3

  where

  S3, PI_t and PI_t–1 

  have the same values as in that paragraph; or

Marginal note:No previous increase in benefits

• 11 (1) If benefits are less than or equal to the corresponding legislated benefits, a value for S4 is to be determined, for the purposes of sections 13 to 15, such that if the Chief Actuary were to calculate the first additional contribution rates under paragraph 115(1.1)(d) of the Act assuming the following, the rates calculated would be as close as possible to the corresponding first additional contribution rates for self-employed persons, excluding any past temporary increases in those rates resulting from the operation of these Regulations:

  [...]

• [...]

• (3) For each year for which the first additional contribution rate calculated under subparagraph 115(1.1)(d)(ii) of the Act would include a temporary increase if benefits were determined in accordance with sections 14 and 15 and subsection 5(4) of the Calculation of Contribution Rates Regulations, 2021 did not apply,

  • (a) the first additional contribution rate for self-employed persons is deemed to equal the sum of the first additional contribution rate for self-employed persons for that year, as adjusted in accordance with subsection (2), if applicable, and the amount of any temporary increase, rounded to the nearest multiple of 0.01, that would apply to that year;

Marginal note:Determination of other benefits

10 Benefits, other than those that become payable in a year, are to be determined, for each year to which paragraph 9(2)(a) or (3)(a) or (b) applies and for the first year to which paragraph 9(2)(b) or (3)(c) applies, by multiplying the previous year’s benefits not by the ratio referred to in paragraph 45(2)(b) and subparagraphs 56(2)(c)(ii), 58(1.1)(b)(ii) and 59(c)(ii) of the Act, but by the value determined by the following formula, as the case may be:

• (a) for each year to which paragraph 9(2)(a) or (3)(a) applies,

  (1 + S1 + S2) × (PI_t / PI_t–1) – (S1+ S2)

  where

  S1, S2, PI_t and PI_t–1 

  have the same values as in the applicable paragraph;

• (b) for each year to which paragraph 9(3)(b) applies,

  (1 + S) × (PI_t / PI_t–1) – S

  where

  S, PI_t and PI_t–1 

  have the same values as in that paragraph; or