Assessment of Pension Plans Regulations

2 (1) For the purposes of subsection 23(5) of the Act, the amount of the assessment is determined by multiplying the pension plan assessment base by the basic rate that is in effect for the fiscal year in which the assessment is due to be paid.

(2) The assessment shall be paid no later than

• (a) in the case of a pension plan that is filed for registration under section 10 of the Pension Benefits Standards Act, 1985, the day on which a copy of it is filed;

• (b) in the case of a pension plan that has been registered under section 10 of the Pension Benefits Standards Act, 1985, six months after the end of each pension plan year; and

• (c) in the case of a pension plan that has been registered under section 12 of the Pooled Registered Pension Plans Act, three months after the end of each pension plan year.

(3) Despite subsection (1), the assessment to be paid is equal to zero if,

• (a) in the case of a pension plan that has been registered or is filed for registration under section 10 of the Pension Benefits Standards Act, 1985, the plan is terminated and wound up no later than six months after the end of the pension plan year; and

• (b) in the case of a pension plan that has been registered under section 12 of the Pooled Registered Pension Plans Act, the plan is terminated and wound up no later than three months after the end of the pension plan year.