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

Search

Canada Pension Plan

Version of section 108.1 from 2004-04-01 to 2017-03-02:


Marginal note:Management of Account

  •  (1) Any amounts standing to the credit of the Canada Pension Plan Account that exceed the immediate obligations of that Account shall be transferred to the Investment Board, unless any agreement entered into under section 111.1 provides otherwise. The amounts shall be paid out of the Consolidated Revenue Fund and charged to the Canada Pension Plan Account.

  • Marginal note:Payment by Investment Board

    (2) The Minister may, by notice, and in accordance with any agreement entered into under section 111.1, require the Investment Board to pay into the Consolidated Revenue Fund any amount necessary to offset amounts charged or required to be charged to the Canada Pension Plan Account under subsection 108(3) and any interest charged under subsection 110(2).

  • Marginal note:Interest

    (3) The Minister of Finance shall credit interest to the Canada Pension Plan Account at market rates, as determined by that Minister, on any amount standing to the credit of that Account. The interest shall be paid out of the Consolidated Revenue Fund.

  • 2003, c. 5, s. 3
Date modified: