Financial Administration Act (R.S.C., 1985, c. F-11)

Marginal note:Forgiveness of debts and obligations

• 24.1 (1) Subject to subsection (2), no debt or obligation

  • (a) that is included in the statement of assets and liabilities of Canada referred to in subparagraph 64(2)(a)(iii), the forgiveness of which would result in a charge to an appropriation, or

  • (b) that is owing by a Crown corporation to Her Majesty

  shall be forgiven in whole or in part otherwise than by or under an Act of Parliament, including an appropriation Act.

• Marginal note:Debts, etc., included in statement of assets and liabilities

  (2) No debt or obligation referred to in paragraph (1)(a) shall be forgiven unless the amount to be forgiven is included as a budgetary expenditure in an appropriation Act or any other Act of Parliament.

• Marginal note:Forgiveness may be conditional

  (3) Where a debt or obligation is forgiven pursuant to subsection (1),

  • (a) the forgiveness may be conditional or unconditional;

  • (b) if the forgiveness is conditional and the condition is not fulfilled, the debt or obligation may be enforced, or all proceedings may be had, as if there had been no forgiveness; and

  • (c) a conditional forgiveness, on fulfilment of the condition, and an unconditional forgiveness release the person whose debt or obligation was forgiven from all further liability for the debt or obligation.