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Output-Based Pricing System Regulations

Version of section 70 from 2022-01-01 to 2024-05-14:

Marginal note:Surplus credits

  •  (1) Subject to subsection (2), any surplus credit may be remitted to the Minister for the purposes of subsection 174(1) or paragraph 178(1)(a) of the Act if the credit was issued no more than five calendar years before the remittance.

  • Marginal note:Details — removal of province

    (2) The surplus credit must have been issued in respect of a facility that is located in a province that was listed in Part 2 of Schedule 1 to the Act for at least one day during the compliance period for which the credit is being remitted.

  • SOR/2021-197, s. 23

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