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Output-Based Pricing System Regulations

Version of section 57 from 2020-05-31 to 2024-04-01:


Marginal note:Regular-rate compensation deadline

  •  (1) For the purposes of subsection 174(3) of the Act, the regular-rate compensation deadline is December 15 of the calendar year in which the related annual report must be submitted.

  • Marginal note:Exception

    (1.1) Despite subsection (1), for the compliance period that ends on December 31, 2019, the regular-rate compensation deadline is April 15, 2021.

  • Marginal note:Increased-rate compensation deadline

    (2) For the purposes of subsection 174(4) of the Act, the increased-rate compensation deadline is February 15 of the calendar year following the deadline under subsection (1).

  • Marginal note:Exception

    (2.1) Despite subsection (2), for the compliance period that ends on December 31, 2019, the increased-rate compensation deadline is June 15, 2021.

  • Marginal note:Notice referred to in subsection 53(3)

    (3) However, if a notice of determination under subsection 53(3) is issued after October 31 of the year in which the related annual report is due

    • (a) the regular-rate compensation deadline is 45 days after the day on which the notice is issued; and

    • (b) the increased-rate compensation deadline is 60 days after the day on which the regular-rate compensation deadline under paragraph (a) expires.

  • SOR/2020-114, s. 2

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