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Telefilm Canada Act (R.S.C., 1985, c. C-16)

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Act current to 2024-11-26 and last amended on 2005-04-01. Previous Versions

Financial (continued)

Marginal note:Advance Account for corporation

  • 19 (1) There shall be established in the accounts of Canada a special account to be known as the Telefilm Canada Advance Account.

  • Marginal note:Amounts to be charged to Account

    (2) All amounts required for the purposes of paragraphs 10(3)(a) and (b) and subsection 10(5) shall be paid

    • (a) out of the amount appropriated by section 18, or

    • (b) out of amounts credited to the Telefilm Canada Advance Account under subsection (3),

    and shall be charged to that Account.

  • Marginal note:Amounts to be credited to Account

    (3) The Corporation shall pay to the Receiver General, to be deposited in the Consolidated Revenue Fund and credited to the Telefilm Canada Advance Account, all amounts received by the Corporation as or on account of

    • (a) proceeds from any production in which the Corporation has invested under paragraph 10(3)(a);

    • (b) the principal amount of or interest on any loan made by the Corporation under paragraph 10(3)(b); or

    • (c) fees charged by the Corporation in respect of loan guarantees provided under subsection 10(5).

  • R.S., 1985, c. C-16, s. 19
  • 1994, c. 25, s. 2
  • 2002, c. 17, s. 9
  • 2005, c. 14, s. 5
Previous Version

Marginal note:Amounts to be charged to budgetary expenditures

20 All amounts required

  • (a) for the purposes of paragraphs 10(3)(c) to (e), and

  • (b) for the payment of salaries and other expenses, including expenses of administration, under this Act,

shall be paid out of the amount appropriated by section 18 and shall be charged to budgetary expenditures.

  • R.S., 1985, c. C-16, s. 20
  • 2005, c. 14, s. 6
Previous Version

Marginal note:Repealed provisions continued in respect of Corporation

  • 21 (1) Part VIII of the Financial Administration Act, chapter F-10 of the Revised Statutes of Canada, 1970, as it read immediately before September 1, 1984, continues to apply in respect of the Corporation as if it had not been repealed and as if the Corporation continued to be named in Schedule C to that Act.

  • Marginal note:Financial Administration Act

    (2) Sections 90 to 93, subsection 94(2) and sections 95, 99, 100 and 102 of the Financial Administration Act apply, with any necessary modifications, to the Corporation.

  • R.S., 1985, c. C-16, s. 21
  • 2005, c. 14, s. 7
Previous Version

Audit

Marginal note:Annual audit

22 The accounts and financial transactions of the Corporation shall be audited annually by the Auditor General of Canada, and a report of the audit shall be made to the Corporation and to the Minister.

  • R.S., c. C-8, s. 19
  • 1976-77, c. 34, s. 30(F)

Report to Parliament

Marginal note:Annual report

  • 23 (1) The chairperson of the Corporation shall, within three months after the termination of each fiscal year, submit to the Minister a report in such form as the Minister may prescribe relating to the activities of the Corporation for that fiscal year, including the financial statement of the Corporation and the report of the Auditor General of Canada thereon.

  • Marginal note:Tabling report

    (2) The Minister shall cause the report submitted under subsection (1) to be laid before Parliament within fifteen days after the receipt thereof by the Minister or, if Parliament is not then sitting, on any of the first fifteen days next thereafter that either House of Parliament is sitting.

  • R.S., 1985, c. C-16, s. 23
  • 1995, c. 29, s. 20(E)

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