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Canada Pension Plan Investment Board Act

Version of section 56 from 2017-03-03 to 2024-11-26:


Marginal note:Duty of Board — Canada Pension Plan Account

  •  (1) The Board shall pay into the Consolidated Revenue Fund, for credit to the Canada Pension Plan Account established under subsection 108(1) of the Canada Pension Plan,

    • (a) any amount required under subsection 108.1(2) of that Act; and

    • (b) any amount required under subsection 113(1.1) of that Act in relation to the base Canada Pension Plan, as defined in section 91 of that Act.

  • Marginal note:Duty of Board — Additional Canada Pension Plan Account

    (1.1) The Board shall pay into the Consolidated Revenue Fund, for credit to the Additional Canada Pension Plan Account established under subsection 108.2(1) of the Canada Pension Plan,

    • (a) any amount required under subsection 108.3(2) of that Act; and

    • (b) any amount required under subsection 113(1.1) of that Act in relation to the additional Canada Pension Plan, as defined in section 91 of that Act.

  • Marginal note:Transfer of securities

    (2) The Board shall transfer to the Minister any designated securities of a province or of Canada that the Minister requires under subsection 113(1.1) of the Canada Pension Plan.

  • 1997, c. 40, s. 56
  • 2003, c. 5, s. 18
  • 2016, c. 14, s. 60

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