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Farm Income Protection Act (S.C. 1991, c. 22)

Act current to 2021-06-28 and last amended on 2013-03-01. Previous Versions

Transitional (continued)

Marginal note:Western Grain Stabilization Account

  •  (1) The Western Grain Stabilization Account established in the accounts of Canada by the Western Grain Stabilization Act, as that Act read immediately before the coming into force of this Act, is hereby continued until such day as may be fixed pursuant to subsection (3).

  • Marginal note:Interest

    (2) The Minister of Finance may continue to calculate, in accordance with such terms and conditions and at such rates as the Minister of Finance may fix, after considering any advice furnished by the Minister, interest on the amount standing to the credit of the Western Grain Stabilization Account, and that interest shall be included in the estimated deficit of that Account.

  • Marginal note:Closing of Account

    (3) The Governor in Council may, by order, fix the day on which the Western Grain Stabilization Account continued pursuant to subsection (1) shall be closed.

Consequential Amendment




Coming into Force

Marginal note:Coming into force

  •  (1) Subject to subsection (2), this Act shall come into force or be deemed to have come into force on April 1, 1991.

  • Marginal note:Idem

    (2) Subject to this Act, the determination of any amount payable under a program established under an agreement after April 1, 1991 in respect of a producer may be based, in whole or in part, on income and other information declared by the producer for the purposes of the Income Tax Act in respect of the taxation year of that producer, within the meaning of that Act, ending on or before December 31, 1990.

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