Assessment of Pension Plans Regulations

2 (1) For the purposes of subsection 23(5) of the Act, the amount of the assessment is determined by multiplying the plan assessment base by the basic rate that is in effect for the fiscal year in which the assessment is due to be paid.

(2) The assessment shall be paid no later than

• (a) the day on which the plan is filed under section 10 of the Pension Benefits Standards Act, 1985, if a new plan is established; or

• (b) within six months after the end of each plan year, in any other case.

(3) Despite subsection (1), if a plan terminates and winds up within six months after the end of a plan year, then the assessment to be paid is equal to zero.