Employment Insurance Act (S.C. 1996, c. 23)

Act current to 2013-04-29 and last amended on 2013-04-07. Previous Versions

Marginal note:Overlapping pay periods

70. If insurable earnings are paid to a person after the end of the year in which their insurable employment occurred, the insurable employment is, for the purposes of determining insurable earnings and premiums payable, deemed to have occurred in the year in which the insurable earnings are paid.

70.1 [Repealed, 2012, c. 19, s. 613]

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Employment Insurance Operating Account

Marginal note:Employment Insurance Operating Account established

70.2 There is established in the accounts of Canada an account to be known as the Employment Insurance Operating Account.

  • 2010, c. 12, s. 2185.

71. [Repealed, 2010, c. 12, s. 2186]

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Marginal note:Payment into Consolidated Revenue Fund

72. There shall be paid into the Consolidated Revenue Fund

  • (a) all amounts received under Parts I and III to IX, as or on account of premiums, fines, penalties, interest, repayment of overpaid benefits and benefit repayment;

  • (b) all amounts collected by the Commission for services rendered to other government departments or agencies or to the public; and

  • (c) all amounts received on account of principal or interest on loans made by the Commission under Part II or as repayment of overpayments made by the Commission under that Part.

Marginal note:Credits to Employment Insurance Operating Account

73. There shall be credited to the Employment Insurance Operating Account and charged to the Consolidated Revenue Fund

  • (a) an amount in each year equal to the amount receivable as or on account of premiums payable for that year under this Act;

  • (b) any other amounts provided out of the Consolidated Revenue Fund appropriated by Parliament for any purpose related to employment insurance and administered by the Commission; and

  • (c) an amount equal to all benefit repayments receivable under Part VII.

  • 1996, c. 23, s. 73;
  • 2010, c. 12, s. 2194.
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Marginal note:Benefit enhancements under this Act

73.1 There shall be credited to the Employment Insurance Operating Account on August 1, 2010 the amount determined by the Minister of Finance that corresponds to the cost of the benefit enhancement measures under this Act, provided for in the budget tabled in Parliament on January 27, 2009 in which the cost is estimated to be $2,900,000,000.

  • 2009, c. 2, s. 223;
  • 2010, c. 12, s. 2194.
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