Budget Implementation Act, 2016, No. 2 (S.C. 2016, c. 12)

• 110 (1) Subsection 9.1(2) of the Act is replaced by the following:

  • Marginal note:Restriction

    (2) Despite subsection (1), the Minister may not waive any requirement related to the determination of eligibility for a child tax benefit or for a special allowance under the Children’s Special Allowances Act.

• (2) Subsection 9.1(2) of the Act is replaced by the following:

  • Marginal note:Restriction

    (2) Despite subsection (1), the Minister may not waive any requirement related to the determination of eligibility for a Canada child benefit or for a special allowance under the Children’s Special Allowances Act.

111 The heading before section 14 of the Act is replaced by the following:

• 112 (1) The Act is amended by adding the following after section 14:

  Marginal note:Applications for benefit years before July 1, 2016

  14.1 The provisions of this Act, of the Income Tax Act and of any regulations made under those Acts, as they read immediately before July 1, 2016, apply to an application for a Canada Learning Bond made in respect of any benefit year, within the meaning of subsection 6(3) of this Act, before that date.

• (2) Section 14.1 of the Act is renumbered as subsection 14.1(1) and is amended by adding the following:

  • Marginal note:Applications for benefit year 2016-2017

    (2) The provisions of this Act, of the Income Tax Act and of any applicable regulations made under those Acts, as they read immediately before July 1, 2017, apply to an application for a Canada Learning Bond made in respect of the benefit year, within the meaning of subsection 6(3) of this Act, starting on July 1, 2016.

Coming into Force

Marginal note:July 1, 2016

• 113 (1) Subsections 107(2) and (3), 109(1) and (3) and 110(1), section 111 and subsection 112(1) are deemed to have come into force on July 1, 2016.

• Marginal note:July 1, 2017

  (2) Subsections 107(1) and (4), section 108 and subsections 109(2) and (4), 110(2) and 112(2) come into force on July 1, 2017.

DIVISION 42007, c. 35, s. 136 Canada Disability Savings Act

Amendments to the Act

• 114 (1) The definition child tax benefit in subsection 2(1) of the Canada Disability Savings Act is repealed.

• Marginal note:2010, c. 12, s. 26(2)

  (2) The definition phase-out income in subsection 2(1) of the Act is replaced by the following:

  phase-out income

  phase-out income for a particular year means

  • (a) if the particular year is before 2017, the amount determined by the formula

    A – (B/0.122)

    where

    A

    is the first threshold for the particular year, and

    B

    is the amount referred to in paragraph (a) of the description of F in subsection 122.61(1) of the Income Tax Act, as that subsection read on January 1, 2016, as adjusted under that Act for the particular year; or

  • (b) if the particular year is 2017 or any subsequent year, the dollar amount referred to in paragraph (a) of the description of Q in subsection 122.61(1) of the Income Tax Act, as adjusted under that Act for the particular year. (revenu de transition)

• (3) Subsection 2(1) of the Act is amended by adding the following in alphabetical order:

  Canada child benefit

  Canada child benefit means a deemed overpayment under Subdivision A.1 of Division E of Part I of the Income Tax Act. (allocation canadienne pour enfants)

Marginal note:Replacement of “child tax benefit”

• 115 (1) The Act is amended by replacing “child tax benefit” with “Canada child benefit” in the following provisions:

  • (a) subparagraph 6(2)(a)(ii) and subsection 6(4); and

  • (b) subparagraphs 7(2)(a)(ii) and (b)(ii) and subsection 7(6).

• Marginal note:Replacement of “prestation fiscale pour enfants”

  (2) The French version of the Act is amended by replacing “prestation fiscale pour enfants” with “allocation canadienne pour enfants”, with any grammatical changes that the circumstances require, in the following provisions:

  • (a) subsection 6(5); and

  • (b) subsection 7(7).

Coming into Force

Marginal note:January 1, 2017

116 This Division comes into force or is deemed to have come into force on January 1, 2017.

Division 5R.S., c. R-9Royal Canadian Mint Act

Marginal note:2014, c. 39, s. 185

117 Subsection 3(2.1) of the Royal Canadian Mint Act is repealed.

Marginal note:1999, c. 4, s. 2

• 118 (1) The portion of subsection 4(1) of the Act before paragraph (a) is replaced by the following:

  Marginal note:Powers

  • 4 (1) In carrying out its objects, the Mint has the rights, powers and privileges and the capacity of a natural person and may if necessary

• Marginal note:1999, c. 4, s. 2

  (2) Subsection 4(1) of the Act is amended by striking out “and” at the end of paragraph (b) and by replacing paragraph (c) with the following:

  • (c) produce and arrange for the production and supply of coins of the currency of Canada;

  • (d) produce and arrange for the production of coins of the currency of countries other than Canada;

  • (e) make medals, plaques, tokens and other objects;

  • (f) melt, assay and refine gold, silver and other metals;

  • (g) lease or acquire gold, silver and other metals;

  • (h) lend, lease or dispose of gold, silver and other metals;

  • (i) issue, promote, deal in or trade in financial services and products relating to gold, silver and other metals, subject to the approval of the Minister and in a manner consistent with the Mint’s last corporate plan as approved under section 122 of the Financial Administration Act;

  • (j) securely store and securely ship coins, gold, silver and other metals or arrange for their secure storage and shipment;

  • (k) market minting equipment developed by, or on behalf of, the Mint;

  • (l) acquire or provide consulting services relating to any activity referred to in paragraphs (c) to (k);

  • (m) obtain, acquire, license, sell, or otherwise make available or dispose of any patent, copyright, industrial design, trademark or other similar property right, or any licence to any of them, relating to any activity referred to in paragraphs (c) to (k);

  • (n) engage in marketing, promotion and research and in development activities relating to any activity referred to in paragraphs (c) to (k);

  • (o) do any of the activities referred to in paragraphs (d) to (f) and (j) on behalf of any person or entity; and

  • (p) subject to the approval of the Minister and in a manner consistent with the Mint’s last corporate plan as approved under section 122 of the Financial Administration Act, engage in any other activity.