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  1. Northern Ontario Loan Insurance Regulations - SOR/88-503 (SCHEDULE : Eligible Sectors)
    Regulations Respecting the Provision of Loan Insurance in Northern Ontario

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      • (1) Industry class 0222 (crop dusting and spraying services), as set out in Statistics Canada’s Standard Industrial Classification 1980.

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      • (1) Industry group 772 (computer and related services) and industry classes 7751 (offices of architects, except for design of residential dwellings), 7752 (offices of engineers), and 7796 (duplicating services), as set out in Statistics Canada’s Standard Industrial Classification 1980.

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      • (1) Industry class 4592 (freight forwarding industry), as set out in Statistics Canada’s Standard Industrial Classification 1980.

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      • (1) Industry class 0411 (logging industry, except contract logging), as set out in Statistics Canada’s Standard Industrial Classification 1980.

      • (2) Industry class 0412 (contract logging industry), as set out in Statistics Canada’s Standard Industrial Classification 1980.

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      • (1) Manufacturing industries as set out in Statistics Canada’s Standard Industrial Classification 1980 (Division E), except for industry class 3611 (refined petroleum products industry, except lubricating oil and grease).

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      • (1) Industry groups 061 (metal mines), 062 (non-metal mines, except coal), 063 (coal mines), 081 (stone quarries), 082 (sand and gravel pits), and 092 (service industries incidental to mining), as set out in Statistics Canada’s Standard Industrial Classification 1980.

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      • (1) Industry classes 9911 (industrial machinery and equipment rental and leasing), 9913 (office furniture and machinery rental and leasing), 9941 (electric motor repair, except for households), and 9942 (welding, except for households), as set out in Statistics Canada’s Standard Industrial Classification 1980.

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      • (1) Industry groups 471 (grain elevator industry) and 479 (other storage and warehousing industries), as set out in Statistics Canada’s Standard Industrial Classification 1980.

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      • (1) Major groups 91 (accommodation service industries, except for boys’ and girls’ camps), and 92 (food and beverage service industries), as set out in Statistics Canada’s Standard Industrial Classification 1980.

      • (2) Industry classes 9651 (golf courses), 9653 (skiing facilities), 9654 (boat rentals and marinas), and 9696 (botanical and zoological gardens), as set out in Statistics Canada’s Standard Industrial Classification 1980.


  2. Northern Ontario Loan Insurance Regulations - SOR/88-503 (Section 3)
    Regulations Respecting the Provision of Loan Insurance in Northern Ontario

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    • (2) The Minister may enter into a loan insurance agreement where

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      • (e) the project would not likely be carried out within the proposed time or scope or in the proposed location, as described in an application made pursuant to subsection (1), without a loan insurance agreement;

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      • (g) the project and the applicant’s commercial operations, as the case may be, are or are expected to be commercially viable, subject to reasonable commercial risk;


  3. Northern Ontario Loan Insurance Regulations - SOR/88-503 (Section 2)
    Regulations Respecting the Provision of Loan Insurance in Northern Ontario

    • 2 (1) In these Regulations,

      designated region

      designated region  means that area of Ontario north of and including the census divisions of Parry Sound and Nipissing as shown in the Statistics Canada publication 1981 Census of Canada, Reference Maps, Census divisions and subdivisions; (région désignée)

      lender

      lender  means a bank, credit union, caisse populaire or any other cooperative society, a trust company, a loan company, an insurance company or a pension fund, or a non-bank affiliate of a foreign bank as defined in section 303 of the Bank Act but does not include a government, municipality or agency thereof or an institution that is controlled by the Government of Canada, the government of a province, a municipality or by any agency thereof, or any combination thereof; (prêteur)

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  4. Northern Ontario Loan Insurance Regulations - SOR/88-503
    Regulations Respecting the Provision of Loan Insurance in Northern Ontario

    Her Excellency the Governor General in Council, on the recommendation of the Minister of Regional Industrial Expansion and the Treasury Board, pursuant to Industry, Trade and Commerce Vote 1a of Appropriation Act No. 1, 1980-81Footnote *, as extended by Industry, Trade and Commerce Vote 1e of Appropriation Act No. 4, 1981-82Footnote ** and Regional Industrial Expansion Vote L20 of Appropriation Act No. 2, 1988-89Footnote ***, is pleased hereby to make the annexed Regulations respecting the provision of loan insurance in Northern Ontario.

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  5. Northern Ontario Loan Insurance Regulations - SOR/88-503 (Section 12)
    Regulations Respecting the Provision of Loan Insurance in Northern Ontario

    • 12 (1) The Minister may, on behalf of Her Majesty in right of Canada, acquire a stock option as a condition of entering into a loan insurance agreement if the total amount of the loan provided for by the loan agreement is $500,000 or more and the expected rate of return associated with the project justifies the acquisition of the stock option.

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