EMPLOYMENT INSURANCE FINANCING
Marginal note:1996, c. 23
Employment Insurance Act
Amendments to the Act
Employment Insurance Operating Account
Marginal note:Employment Insurance Operating Account established
70.2 There is established in the accounts of Canada an account to be known as the Employment Insurance Operating Account.
2186. Section 71 of the Act and the heading before it are repealed.
2187. Section 76 of the Act is repealed.
2188. Section 80 of the Act is repealed.
Marginal note:2005, c. 30, s. 131
2189. The portion of paragraph 153.2(2)(a) of the Act before subparagraph (i) is replaced by the following:
(a) the making of any financial adjustments and for the crediting or charging of the amount of any of those adjustments to the Employment Insurance Operating Account, including
2190. Section 158 of the Act is repealed.
2191. Subsection 159(5) of the Act is repealed.
2192. Section 162 of the Act is repealed.
2193. Section 166 of the Act and the heading before it are repealed.
2194. The Act is amended by replacing “Employment Insurance Account” with “Employment Insurance Operating Account” in the following provisions:
(a) subsection 42(2);
(b) the portion of section 73 before paragraph (a);
(c) section 73.1;
(d) section 74;
(e) the portion of section 75 before paragraph (a);
(f) the portion of subsection 77(1) before paragraph (a); and
(g) section 78.
Marginal note:Account closed
2195. The account in the accounts of Canada known as the Employment Insurance Account is deemed to have been closed at the beginning of January 1, 2009 and removed from the accounts of Canada at that time.
Marginal note:Section 76
2196. For greater certainty, any amount purporting to have been credited to the Employment Insurance Account on or after January 1, 2009 and charged to the Consolidated Revenue Fund under section 76 of the Employment Insurance Act is deemed to have never been credited to that Account and charged to that Fund.
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