Canada Pension Plan

Marginal note:Canada Pension Plan Investment Fund

• 109 (1) There is hereby established in the accounts of Canada an account to be known as the Canada Pension Plan Investment Fund.

• Marginal note:Amounts to be charged and credited to Account

  (2) There shall be paid out of the Consolidated Revenue Fund and charged to the Canada Pension Plan Account the cost of all securities purchased by the Minister of Finance under section 110, and there shall be paid into the Consolidated Revenue Fund and credited to the Canada Pension Plan Account the proceeds of redemption in whole or in part of any securities purchased by that Minister under that section.

• Marginal note:Matured securities — amounts to be charged to Fund

  (3) Where, on the maturity of a security of a province held to the credit of the Canada Pension Plan Investment Fund that was issued before January 1, 1998, the Minister of Finance does not purchase another security under subsection 110(3) or uses only a portion of the principal amount of the matured security to purchase another security, the principal amount of the matured security or the unused portion, as the case may be, shall be charged to the Canada Pension Plan Investment Fund.

• Marginal note:Redemption before maturity — amounts to be charged to Fund

  (4) Where the Minister of Finance, under subsection 110(6.4), redeems a security in whole or in part before maturity, the principal amount of the redeemed security, or the amount of the part that is redeemed, shall be charged to the Canada Pension Plan Investment Fund.