Currency Act (R.S.C., 1985, c. C-52)

Act current to 2013-04-29 and last amended on 2012-06-29. Previous Versions

Marginal note:Advances out of C.R.F.

19. The Minister may authorize advances to the Exchange Fund Account out of the Consolidated Revenue Fund on any terms and conditions that the Minister considers appropriate.

  • R.S., 1985, c. C-52, s. 19;
  • 2005, c. 30, s. 114.
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Marginal note:Net income credited to C.R.F.

  • 20. (1) Within three months after the end of each fiscal year, the amount of the net income of the Exchange Fund Account for the fiscal year, expressed in dollars, shall be paid into the Consolidated Revenue Fund if the net income for the year is a positive amount, and shall be charged to that Fund if the net income for the year is a negative amount.

  • Marginal note:Consistency with Public Accounts

    (2) The net income of the Exchange Fund Account for a fiscal year shall be determined in accordance with accounting principles consistent with those applied in preparing the Public Accounts referred to in section 64 of the Financial Administration Act.

  • R.S., 1985, c. C-52, s. 20;
  • R.S., 1985, c. 3 (4th Supp.), s. 1;
  • 2005, c. 30, s. 114.
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Marginal note:Report to Parliament

  • 21. (1) The Minister shall cause to be tabled before each House of Parliament a report on the operation of the Exchange Fund Account for each fiscal year within the first 60 days on which that House is sitting after the end of that fiscal year.

  • Marginal note:Contents of report

    (2) The report referred to in subsection (1) shall include

    • (a) a summary of the policy established under subsection 17.1(1);

    • (b) the objectives of the Exchange Fund Account for that fiscal year, and a statement of whether those objectives have been met;

    • (c) the objectives of the Exchange Fund Account for the current fiscal year;

    • (d) the financial statements of the Exchange Fund Account; and

    • (e) a list of the agents and mandataries appointed by the Minister under subsection 17.2(3).

    • (f) [Repealed, 2012, c. 19, s. 172]

  • R.S., 1985, c. C-52, s. 21;
  • 2005, c. 30, s. 114;
  • 2012, c. 19, s. 172.
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Marginal note:Financial Administration Act

  • 22. (1) The Financial Administration Act does not apply to the Exchange Fund Account or operations or transactions in connection with the Account.

  • (2) [Repealed, 2012, c. 19, s. 173]

  • R.S., 1985, c. C-52, s. 22;
  • 2005, c. 30, s. 115;
  • 2012, c. 19, s. 173.
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