Supporting Vulnerable Seniors and Strengthening Canada’s Economy Act (S.C. 2011, c. 15)
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Act current to 2024-10-30 and last amended on 2013-01-01. Previous Versions
Supporting Vulnerable Seniors and Strengthening Canada’s Economy Act
S.C. 2011, c. 15
Assented to 2011-06-26
An Act to implement certain provisions of the 2011 budget as updated on June 6, 2011
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
Short Title
Marginal note:Short title
1 This Act may be cited as the Supporting Vulnerable Seniors and Strengthening Canada’s Economy Act.
PART 1Amendments to the Income Tax Act, a Related Act and a Related Regulation
Income Tax Act
2 [Amendments]
3 [Amendments]
Canada Disability Savings Act
4 [Amendment]
5 [Amendment]
6 [Amendment]
Canada Disability Savings Regulations
7 [Amendment]
8 [Amendment]
PART 2Measures Relating to Excise Duties and Sales and Excise Taxes
Excise Act, 2001
9 [Amendment]
Excise Tax Act
10 [Amendment]
11 [Amendment]
12 [Amendments]
PART 3Old Age Security Act
13 [Amendment]
14 [Amendment]
PART 4Payments
Genome Canada
Marginal note:Maximum payment of $65,000,000
15 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Industry, a sum of not more than $65,000,000 to Genome Canada for its use.
Canadian Youth Business Foundation
Marginal note:Maximum payment of $20,000,000
16 There may be paid out of the Consolidated Revenue Fund for the fiscal years 2011-12 and 2012-13, on the requisition of the Minister of Industry, a sum of not more than $20,000,000 to the Canadian Youth Business Foundation for its use.
PART 5Auditor General Act
17 [Amendment]
PART 6Canada Student Financial Assistance Act
Amendments to the Act
18 [Amendments]
Coming into Force
Marginal note:Order in council
Footnote *19 Section 18 comes into force on a day to be fixed by order of the Governor in Council.
Return to footnote *[Note: Section 18 in force January 1, 2012, see SI/2011-112.]
PART 7Mortgage or Hypothecary Insurance
Enactment of Protection of Residential Mortgage or Hypothecary Insurance Act
Marginal note:Enactment
20 The Protection of Residential Mortgage or Hypothecary Insurance Act is enacted as follows:
[See Protection of Residential Mortgage or Hypothecary Insurance Act]
Consequential Amendments
Budget Implementation Act, 2006
21 [Amendment]
National Housing Act
22 [Amendment]
23 [Amendment]
24 [Amendment]
Office of the Superintendent of Financial Institutions Act
25 [Amendment]
Coming into Force
Marginal note:Order in council
Footnote *26 This Part comes into force on a day to be fixed by order of the Governor in Council.
Return to footnote *[Note: Sections 22 to 24 in force June 29, 2012, see 2012, c. 19, s. 359; Part 7, other than sections 22 to 24, in force January 1, 2013, see SI/2012-87.]
PART 8Federal-Provincial Fiscal Arrangements Act
27 [Amendment]
28 [Amendment]
29 [Amendment]
PART 9Insurance Companies Act
30 [Amendment]
31 [Amendment]
PART 10Assessment of Financial Institutions Regulations, 2001
Amendment to the Regulations
32 [Amendment]
Validation
33 [Transitional Provision]
PART 11Financial Administration Act
Amendments to the Act
34 [Amendment]
35 [Amendment]
Coming into Force
Marginal note:June 1, 2011
36 Section 35 is deemed to have come into force on June 1, 2011.
PART 12Canada Shipping Act, 2001
Amendments to the Act
37 [Amendment]
38 [Amendment]
39 [Amendments]
40 [Amendment]
41 [Amendment]
42 [Amendment]
43 [Amendments]
44 [Amendment]
Consequential Amendment to the Coasting Trade Act
45 [Amendment]
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