COVID-19 Emergency Response Act (S.C. 2020, c. 5)
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Assented to 2020-03-25
PART 3Public Health Events of National Concern Payments Act
Enactment of Act
Marginal note:Enactment
9 The Public Health Events of National Concern Payments Act is enacted as follows:
An Act to authorize the making of payments in relation to public health events of national concern
Short Title
Marginal note:Short title
1 This Act may be cited as the Public Health Events of National Concern Payments Act.
Public Health Event of National Concern
Marginal note:Payments — public health event of national concern
2 (1) If, after consulting with the Chief Public Health Officer, appointed under subsection 6(1) of the Public Health Agency of Canada Act, and any of the officers in the provinces and territories occupying a similar position that the Minister of Health considers appropriate in the circumstances, the Minister of Health determines that there is a public health event of national concern, then there may be paid out of the Consolidated Revenue Fund, on the requisition of a federal minister and with the concurrence of the Minister of Finance and the Minister of Health, all money required to do anything in relation to that public health event of national concern.
Marginal note:Examples
(2) Things that may be done in relation to a public health event of national concern include
(a) acquiring medical supplies;
(b) providing assistance to provinces and territories to help cover the cost of safety and emergency response needs;
(c) providing income support, including the Canada emergency response benefit; and
(d) funding public health-related federal programs or covering expenses incurred by federal departments and agencies.
Marginal note:Definition of public health event of national concern
(3) In this section, public health event of national concern means an extraordinary event that constitutes a public health risk to Canadians through the spread of an infectious disease, such as the coronavirus disease 2019 (COVID-19), that requires a coordinated national or international response to prevent or control its spread or to protect against it.
Repeal
Marginal note:Repeal
10 The Public Health Events of National Concern Payments Act is repealed.
Coming into Force
Marginal note:September 30, 2020
11 Section 10 comes into force on September 30, 2020.
PART 4R.S., c. C-3Canada Deposit Insurance Corporation Act
Amendments to the Act
12 (1) Paragraph 12(c) of the Canada Deposit Insurance Corporation Act is replaced by the following:
(c) so much of any one deposit as exceeds the amount set out in subsection 12.01(1).
(2) Paragraph 12(c) of the Act is replaced by the following:
(c) so much of any one deposit as exceeds one hundred thousand dollars.
13 The Act is amended by adding the following after section 12:
Marginal note:Amount
12.01 (1) The amount referred to in paragraph 12(c) is one hundred thousand dollars, unless the Minister determines a greater amount, in which case the amount referred to in that paragraph is the amount that the Minister determines.
Marginal note:Publication in Canada Gazette
(2) As soon as feasible after making a determination under subsection (1), the Minister shall publish the amount in the Canada Gazette.
14 Section 12.01 of the Act is repealed.
Coming into Force
Marginal note:October 1, 2020
15 Subsection 12(2) and section 14 come into force on October 1, 2020.
PART 5R.S., c. C-7Canada Mortgage and Housing Corporation Act
16 Section 16 of the Canada Mortgage and Housing Corporation Act is replaced by the following:
Marginal note:Capital of Corporation
16 (1) The capital of the Corporation consists of the amount obtained by adding twenty-five million dollars and the aggregate of any amounts paid under subsection (2).
Marginal note:Authority to make capital payments
(2) At the request of the Corporation, the Minister of Finance may, with the approval of the Governor in Council, pay to the Corporation, out of the Consolidated Revenue Fund, amounts not exceeding the aggregate of
(a) ten billion dollars, and
(b) any additional amounts that may be authorized from time to time under an appropriation Act.
PART 6R.S., c. E-20; 2001, c. 33, s. 2(F)Export Development Act
Amendments to the Act
17 (1) Subsection 10(1) of the Export Development Act is amended by adding the following before paragraph (b):
(a) supporting and developing, directly or indirectly, domestic business, at the request of the Minister and the Minister of Finance for a period specified by those Ministers;
(2) Section 10 of the Act is amended by adding the following after subsection (1):
Marginal note:Publication in Canada Gazette
(1.01) As soon as feasible after a request is made under paragraph (1)(a), the Minister shall publish in the Canada Gazette a notice of that fact as well as the dates on which the period to which the request relates begins and ends.
Marginal note:Complementary to commercial products and services
(1.02) The Corporation shall carry out its purposes, with regard to domestic business, in a manner that complements the products and services available from commercial financial institutions and commercial insurance providers.
(3) Subsections 10(3) and (3.1) of the Act are replaced by the following:
Marginal note:Limit of liability
(3) Subject to subsection (4), the contingent liability of the Corporation in respect of the principal amount owing under all outstanding arrangements entered into under paragraph (1.1)(b) shall at no time exceed
(a) for the period beginning on the day on which this subsection comes into force and ending on September 30, 2020, the amount that the Minister of Finance determines during that period, or, if that Minister redetermines the amount during that period, the most recently determined amount; and
(b) on and after October 1, 2020, an amount equal to the amount determined by the Minister of Finance under paragraph (a), or, if that Minister redetermined the amount under that paragraph, an amount equal to the last amount so determined.
Marginal note:Publication in Canada Gazette
(3.1) As soon as feasible after determining or redetermining an amount under paragraph (3)(a), the Minister of Finance shall publish a notice of that amount in the Canada Gazette.
18 Subsection 11(1) of the Act is replaced by the following:
Marginal note:Authorized capital
11 (1) The authorized capital of the Corporation is
(a) for the period beginning on the day on which this subsection comes into force and ending on September 30, 2020, the amount that the Minister of Finance determines during that period, or, if that Minister redetermines the amount during that period, the most recently determined amount; and
(b) on and after October 1, 2020, an amount equal to the amount determined by the Minister of Finance under paragraph (a), or, if that Minister redetermined the amount under that paragraph, an amount equal to the last amount so determined.
Each share has a par value of $100.
Marginal note:Publication in Canada Gazette
(1.1) As soon as feasible after determining or redetermining an amount under paragraph (1)(a), the Minister of Finance shall publish a notice of that amount in the Canada Gazette.
19 Subsection 23(1) of the Act is replaced by the following:
Marginal note:Authorization of the Minister
23 (1) If the Corporation advises the Minister that it will not, without an authorization made under this section, enter into any transaction or class of transactions that it has the power to enter into under subsection 10(1.1) and the Minister is of the opinion that it is in the national interest that the Corporation enter into any such transaction or class of transactions, the Minister, with the concurrence of the Minister of Finance, may authorize the Corporation to do so.
20 (1) The portion of subsection 24(1) of the Act before paragraph (a) is replaced by the following:
Marginal note:Limit of liability
24 (1) Subject to subsection (2), in respect of transactions entered into under section 23, the total of the following liabilities and obligations shall at no time exceed the amount referred to in paragraph (1.1)(a) or (b), as the case may be:
(2) Section 24 of the Act is amended by adding the following after subsection (1):
Marginal note:Determination of amount
(1.1) The amount which the total liabilities and obligations referred to in subsection (1) shall at no time exceed is
(a) for the period beginning on the day on which this subsection comes into force and ending on September 30, 2020, the amount that the Minister of Finance determines during that period, or, if that Minister redetermines the amount during that period, the most recently determined amount; and
(b) on and after October 1, 2020, an amount equal to the amount determined by the Minister of Finance under paragraph (a), or, if that Minister redetermined the amount under that paragraph, an amount equal to the last amount so determined.
Marginal note:Publication in Canada Gazette
(1.2) As soon as feasible after determining or redetermining an amount under paragraph (1.1)(a), the Minister of Finance shall publish a notice of that amount in the Canada Gazette.
Suspension of Certain Provisions of the Export Development Canada Exercise of Certain Powers Regulations
Marginal note:Suspension
21 (1) If the Minister, as defined in section 2 of the Export Development Act, and the Minister of Finance specify a period under paragraph 10(1)(a) of that Act, subsections 5(2) and 6(2) and (3) of the Export Development Canada Exercise of Certain Powers Regulations do not apply for that period.
Marginal note:Transactions entered into during specified period
(2) Subsections 5(2) and 6(2) and (3) of the Export Development Canada Exercise of Certain Powers Regulations do not apply to a new transaction that Export Development Canada enters into during a period referred to in subsection (1), even after the expiry of that period. Even after the expiry of that period, Export Development Canada may take any steps and do anything that it considers necessary or desirable to implement the transaction or that it considers related to the transaction.
Marginal note:Arrangement entered into before expiry of specified period
(3) The expiry of a period referred to in subsection (1) has no effect on any arrangement Export Development Canada entered into in order to carry out its purpose referred to in paragraph 10(1)(a) of the Export Development Act. Even after the expiry of that period, Export Development Canada may take any steps and do anything that it considers necessary or desirable to implement the arrangement or that it considers related to the arrangement.
PART 7R.S., c. F-8; 1995, c. 17, s. 45Federal-Provincial Fiscal Arrangements Act
22 The Federal-Provincial Fiscal Arrangements Act is amended by adding the following after section 24.703:
Additional Payments for Fiscal Year 2019–2020
Marginal note:Total payment of $500 million
24.71 The Minister may pay an additional cash payment for the fiscal year beginning on April 1, 2019 equal to
(a) for Ontario, $193,721,000;
(b) for Quebec, $112,871,000;
(c) for Nova Scotia, $12,922,000;
(d) for New Brunswick, $10,340,000;
(e) for Manitoba, $18,216,000;
(f) for British Columbia, $67,464,000;
(g) for Prince Edward Island, $2,089,000;
(h) for Saskatchewan, $15,627,000;
(i) for Alberta, $58,141,000;
(j) for Newfoundland and Labrador, $6,952,000;
(k) for Yukon, $543,000;
(l) for the Northwest Territories, $598,000; and
(m) for Nunavut, $516,000.
PART 8R.S., c. F-11Financial Administration Act
Amendments to the Act
23 Section 44 of the Financial Administration Act is amended by adding the following after subsection (2):
Marginal note:Maximum — exception
(2.1) Any money borrowed under section 47 is not to be taken into account for the purpose of calculating the aggregate principal amount of money borrowed by the Minister under this section in any fiscal year.
24 The Act is amended by adding the following after section 46.1:
Marginal note:Exception
47 During the period beginning on the day on which this section comes into force and ending on September 30, 2020, the Minister may borrow money for
(a) the payment of any amount that is required to be paid in that period in respect of any money borrowed under the authority of this Act or any other Act of Parliament; or
(b) the payment, by Her Majesty, of any amount in extraordinary circumstances, including in the event of a natural disaster or to promote the stability or maintain the efficiency of the financial system in Canada, if the Minister is of the opinion that the borrowing of money is necessary in those circumstances.
25 (1) Subsection 49(1) of the Act is amended by striking out “and” at the end of paragraph (a.1) and by adding the following after that paragraph:
(a.2) the money that is borrowed under paragraph 47(b) and that is due; and
(2) The portion of subsection 49(2) of the Act before paragraph (a) is replaced by the following:
Marginal note:Report on Minister’s plans
(2) The Minister shall cause to be tabled in each House of Parliament for every fiscal year, not later than the 30th day on which that House is sitting after the start of the fiscal year to which the report relates, a report on the Minister’s plans in relation to the following:
(3) Paragraphs 49(2)(a) and (b) of the English version of the Act are replaced by the following:
(a) the money to be borrowed in that fiscal year and the purposes for which the moneys will be borrowed; and
(b) the management of the public debt in that fiscal year.
26 Section 49.1 of the Act is renumbered as subsection 49.1(1) and is amended by adding the following:
Marginal note:Report — borrowings in respect of extraordinary circumstances
(2) The Minister shall cause to be tabled in each House of Parliament a report on the money borrowed or to be borrowed under paragraph 47(b) within the first 30 days on which that House is sitting after the day on which the Minister first borrows money under that paragraph.
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