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Supporting Vulnerable Seniors and Strengthening Canada’s Economy Act (S.C. 2011, c. 15)

Act current to 2024-11-26 and last amended on 2013-01-01. Previous Versions

Table of Contents

Supporting Vulnerable Seniors and Strengthening Canada’s Economy Act

S.C. 2011, c. 15

Assented to 2011-06-26

An Act to implement certain provisions of the 2011 budget as updated on June 6, 2011

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 Supporting Vulnerable Seniors and Strengthening Canada’s Economy Act.

PART 1Amendments to the Income Tax Act, a Related Act and a Related Regulation

Income Tax Act

2 [Amendments]

3 [Amendments]

Canada Disability Savings Act

4 [Amendment]

5 [Amendment]

6 [Amendment]

Canada Disability Savings Regulations

7 [Amendment]

8 [Amendment]

PART 2Measures Relating to Excise Duties and Sales and Excise Taxes

Excise Act, 2001

9 [Amendment]

Excise Tax Act

10 [Amendment]

11 [Amendment]

12 [Amendments]

PART 3Old Age Security Act

13 [Amendment]

14 [Amendment]

PART 4Payments

Genome Canada

Marginal note:Maximum payment of $65,000,000

15 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Industry, a sum of not more than $65,000,000 to Genome Canada for its use.

Canadian Youth Business Foundation

Marginal note:Maximum payment of $20,000,000

16 There may be paid out of the Consolidated Revenue Fund for the fiscal years 2011-12 and 2012-13, on the requisition of the Minister of Industry, a sum of not more than $20,000,000 to the Canadian Youth Business Foundation for its use.

PART 5Auditor General Act

17 [Amendment]

PART 6Canada Student Financial Assistance Act

Amendments to the Act

18 [Amendments]

Coming into Force

Marginal note:Order in council

Footnote *19 Section 18 comes into force on a day to be fixed by order of the Governor in Council.

PART 7Mortgage or Hypothecary Insurance

Enactment of Protection of Residential Mortgage or Hypothecary Insurance Act

Marginal note:Enactment

20 The Protection of Residential Mortgage or Hypothecary Insurance Act is enacted as follows:

[See Protection of Residential Mortgage or Hypothecary Insurance Act]

Consequential Amendments

Budget Implementation Act, 2006

21 [Amendment]

National Housing Act

22 [Amendment]

23 [Amendment]

24 [Amendment]

Office of the Superintendent of Financial Institutions Act

25 [Amendment]

Coming into Force

Marginal note:Order in council

Footnote *26 This Part comes into force on a day to be fixed by order of the Governor in Council.

  • Return to footnote *[Note: Sections 22 to 24 in force June 29, 2012, see 2012, c. 19, s. 359; Part 7, other than sections 22 to 24, in force January 1, 2013, see SI/2012-87.]

PART 8Federal-Provincial Fiscal Arrangements Act

27 [Amendment]

28 [Amendment]

29 [Amendment]

PART 9Insurance Companies Act

30 [Amendment]

31 [Amendment]

PART 10Assessment of Financial Institutions Regulations, 2001

Amendment to the Regulations

32 [Amendment]

Validation

33 [Transitional Provision]

PART 11Financial Administration Act

Amendments to the Act

34 [Amendment]

35 [Amendment]

Coming into Force

Marginal note:June 1, 2011

36 Section 35 is deemed to have come into force on June 1, 2011.

PART 12Canada Shipping Act, 2001

Amendments to the Act

37 [Amendment]

38 [Amendment]

39 [Amendments]

40 [Amendment]

41 [Amendment]

42 [Amendment]

43 [Amendments]

44 [Amendment]

Consequential Amendment to the Coasting Trade Act

45 [Amendment]

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