Royal Canadian Mint Act

Marginal note:Powers

• 4 (1) In carrying out its objects, the Mint has the rights, powers and privileges and the capacity of a natural person and may if necessary

  • (a) procure the incorporation, dissolution or amalgamation of subsidiaries and acquire or dispose of any shares in them;

  • (b) acquire and dispose of any interest in any entity by any means;

  • (c) produce and arrange for the production and supply of coins of the currency of Canada;

  • (d) produce and arrange for the production of coins of the currency of countries other than Canada;

  • (e) make medals, plaques, tokens and other objects;

  • (f) melt, assay and refine gold, silver and other metals;

  • (g) lease or acquire gold, silver and other metals;

  • (h) lend, lease or dispose of gold, silver and other metals;

  • (i) issue, promote, deal in or trade in financial services and products relating to gold, silver and other metals, subject to the approval of the Minister and in a manner consistent with the Mint’s last corporate plan as approved under section 122 of the Financial Administration Act;

  • (j) securely store and securely ship coins, gold, silver and other metals or arrange for their secure storage and shipment;

  • (k) market minting equipment developed by, or on behalf of, the Mint;

  • (l) acquire or provide consulting services relating to any activity referred to in paragraphs (c) to (k);

  • (m) obtain, acquire, license, sell, or otherwise make available or dispose of any patent, copyright, industrial design, trademark or other similar property right, or any licence to any of them, relating to any activity referred to in paragraphs (c) to (k);

  • (n) engage in marketing, promotion and research and in development activities relating to any activity referred to in paragraphs (c) to (k);

  • (o) do any of the activities referred to in paragraphs (d) to (f) and (j) on behalf of any person or entity; and

  • (p) subject to the approval of the Minister and in a manner consistent with the Mint’s last corporate plan as approved under section 122 of the Financial Administration Act, engage in any other activity.

• Marginal note:Additional powers

  (2) In addition to the powers under section 21 of the Interpretation Act, the Mint may

  • (a) acquire, hold and alienate real property or any interest therein; and

  • (b) make grants in lieu of taxes to any municipality in Canada in amounts not exceeding the taxes that might be levied by that municipality in respect of real property under the administration and control of the Mint if the Mint were not an agent of Her Majesty.