Canada Transportation Act

Marginal note:Regulations for determining costs

• 157 (1) The Agency may make regulations prescribing items and factors that it shall consider in determining costs under this Part, including depreciation and the cost of capital.

• Marginal note:Additional considerations

  (2) The Agency may also consider

  • (a) the principles of costing adopted by the Royal Commission on Transportation appointed by the Order in Council dated May 13, 1959 in arriving at the conclusions contained in its report; and

  • (b) later developments in railway costing methods and techniques and current conditions of railway operations.

• Marginal note:Computation of costs of a portion of an undertaking

  (3) If the costs of a portion of the railway of a railway company, or one of its operations, are to be computed

  • (a) for a particular period, the Agency must include in the computation any of the costs of the whole railway, or any other portion of it, that, in the opinion of the Agency, are reasonably attributable to the portion or operation, irrespective of when, in what manner or by whom the costs were incurred; and

  • (b) in respect of future operations of the company, the costs must be determined in accordance with estimates made on any basis that, in the opinion of the Agency, is reasonable in the circumstances.

• Marginal note:Determination final and binding

  (4) A determination of costs by the Agency under this Part is final and binding on all interested or affected parties.

• Marginal note:Costing information

  (5) No later than August 31 of every year, the Canadian National Railway Company and the Canadian Pacific Railway Company shall provide to the Agency, in the form and manner specified by the Agency, all unit costs, output units and other financial, statistical and supporting information for the preceding calendar year that is required for the determination of costs by the Agency under this Part.