Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada

Search

This Web page has been archived on the Web.

COVID-19 Emergency Response Act (S.C. 2020, c. 5)

Full Document:  

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10 The Public Health Events of National Concern Payments Act is repealed.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.

Table of Contents

 

Date modified: