Jobs and Economic Growth Act (S.C. 2010, c. 12)
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Act current to 2024-10-30 and last amended on 2019-07-29. Previous Versions
Jobs and Economic Growth Act
S.C. 2010, c. 12
Assented to 2010-07-12
An Act to implement certain provisions of the budget tabled in Parliament on March 4, 2010 and other measures
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 Jobs and Economic Growth Act.
PART 1Amendments to the Income Tax Act and Related Acts and Regulations
Income Tax Act
2 [Amendment]
3 [Amendment]
4 [Amendment]
5 [Amendment]
6 [Amendment]
7 [Amendments]
8 [Amendments]
9 [Amendment]
10 [Amendments]
11 [Amendment]
12 [Amendment]
13 [Amendment]
14 [Amendments]
15 [Amendment]
16 [Amendments]
17 [Amendments]
18 [Amendment]
19 [Amendment]
20 [Amendment]
21 [Amendments]
22 [Amendments]
Income Tax Regulations
23 [Amendment]
24 [Amendments]
25 [Amendments]
Canada Disability Savings Act
26 [Amendments]
27 [Amendments]
28 [Amendments]
Canada Disability Savings Regulations
29 [Amendment]
Canada Education Savings Act
30 [Amendments]
31 [Amendments]
Canada Education Savings Regulations
32 [Amendments]
33 [Amendment]
Canada Pension Plan Regulations
34 [Amendment]
Insurable Earnings and Collection of Premiums Regulations
35 [Amendment]
Regulations Excluding Certain Indictable Offences from the Definition of “Designated Offence”
36 [Amendments]
PART 2Amendments in Respect of Excise Duties and Sales and Excise Taxes
Excise Act
37 [Amendment]
Amendments in Respect of the Excise Act, 2001
Excise Act, 2001
38 [Amendments]
39 [Amendments]
40 [Amendment]
41 [Amendment]
42 [Amendment]
43 [Amendment]
44 [Amendment]
45 [Amendment]
46 [Amendment]
47 [Amendments]
Customs Act
48 [Amendment]
49 [Amendment]
50 [Amendment]
51 [Amendment]
52 [Amendment]
53 [Amendment]
Application
54 [Transitional Provision]
Excise Tax Act
55 [Amendments]
56 [Amendment]
57 [Amendment]
58 [Amendment]
59 [Amendment]
60 [Amendment]
61 [Amendments]
62 [Amendment]
63 [Amendments]
64 [Amendments]
65 [Amendment]
66 [Amendment]
67 [Amendments]
68 [Amendment]
69 [Amendment]
70 [Amendment]
71 [Amendment]
72 [Amendment]
73 [Amendments]
74 [Amendment]
75 [Amendments]
76 [Amendment]
77 [Amendment]
78 [Amendment]
79 [Amendment]
80 [Amendments]
81 [Amendment]
82 [Amendment]
83 [Amendment]
84 [Amendment]
85 [Amendment]
86 [Amendment]
87 [Amendment]
88 [Amendment]
89 [Amendment]
Health Care Services (GST/HST) Regulations
90 [Amendment]
Input Tax Credit Allocation Methods (GST/HST) Regulations
Making of Regulations
Marginal note:Making
91 The Input Tax Credit Allocation Methods (GST/HST) Regulations are made as follows:
INPUT TAX CREDIT ALLOCATION METHODS (GST/HST) REGULATIONS
Marginal note:Interpretation
1 The definitions in this section apply in these Regulations.
- Act
Act means the Excise Tax Act. (Loi)
- bank
bank in respect of a fiscal year does not include a person that is at any time in the fiscal year an insurer. (banque)
- insurer
insurer in respect of a fiscal year means a person that is an insurer (as defined in subsection 123(1) of the Act) and that carries on at any time in the fiscal year an insurance business as the principal business of the person in Canada. (assureur)
- securities dealer
securities dealer in respect of a fiscal year means a person that
(a) carries on at any time in the fiscal year a business as a trader or dealer in, or as a broker or salesperson of, securities as the principal business of the person in Canada;
(b) is registered under the laws of Canada or a province to carry on in Canada at any time in the fiscal year a business as a trader or dealer in, or as a broker or salesperson of, securities; and
(c) is not a bank or an insurer at any time in the fiscal year. (courtier en valeurs mobilières)
Marginal note:Prescribed classes
2 The following classes of financial institutions are prescribed for the purposes of the definition qualifying institution in subsection 141.02(1) of the Act and for the purposes of subsections 141.02(3), (8), (9), (24) and (30) of the Act:
(a) banks;
(b) insurers; and
(c) securities dealers.
Marginal note:Prescribed amounts
3 The following amounts are prescribed for the purposes of the definition qualifying institution in subsection 141.02(1) of the Act and for the purposes of subsection 141.02(24) of the Act:
(a) in the case of banks, $500,000;
(b) in the case of insurers, $500,000; and
(c) in the case of securities dealers, $500,000.
Marginal note:Prescribed percentages
4 The following percentages are prescribed for the purposes of the definition qualifying institution in subsection 141.02(1) of the Act and for the purposes of subsections 141.02(8), (9) and (30) of the Act:
(a) in the case of banks, 12%;
(b) in the case of insurers, 10%; and
(c) in the case of securities dealers, 15%.
Coming into Force
Marginal note:April 1, 2007
92 The Input Tax Credit Allocation Methods (GST/HST) Regulations, as made by section 91, are deemed to have come into force on April 1, 2007.
Interest Rates (Excise Act, 2001) Regulations
93 [Amendment]
Interest Rates (Excise Tax Act) Regulations
94 [Amendment]
Coordinating Amendment
95 [Amendments]
PART 3Amendments in Respect of the Air Travellers Security Charge
Air Travellers Security Charge Act
96 [Amendments]
Interest Rates (Air Travellers Security Charge Act) Regulations
97 [Amendment]
PART 4Softwood Lumber Products Export Charge Act, 2006
Amendments to the Act
98 [Amendment]
99 [Amendment]
100 [Amendment]
101 [Amendment]
102 [Amendment]
Coming into Force
Marginal note:Order in council
Footnote *103 (1) This Part, other than section 98, comes into force or is deemed to have come into force on a day to be fixed by order of the Governor in Council, which day may not be earlier than April 15, 2009.
Marginal note:July 1, 2010
(2) Section 98 comes into force, or is deemed to have come into force, on July 1, 2010.
Return to footnote *[Note: Sections 99 to 102 in force September 1, 2010, see SI/2010-55.]
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