An Act to amend the Canada Pension Plan, the Canada Pension Plan Investment Board Act and the Income Tax Act (S.C. 2016, c. 14)
Full Document:
Assented to 2016-12-15
35 Paragraph 77(a) of the Act is replaced by the following:
(a) the total pensionable earnings of the contributor attributable to base contributions made under this Act,
Marginal note:2012, c. 31, s. 201(1)
36 The portion of section 78 of the Act before paragraph (b) is replaced by the following:
Marginal note:Total pensionable earnings attributable to base contributions made under Act
78 The total pensionable earnings of a contributor attributable to base contributions made under this Act are an amount equal to the amount that their total pensionable earnings would be if the base unadjusted pensionable earnings of the contributor for a year were that proportion of their base unadjusted pensionable earnings for the year that
(a) the contributor’s earnings on which a base contribution has been made for the year under this Act, calculated as provided in subparagraph 53(1)(b)(i),
are of
Marginal note:R.S., c. 30 (2nd Supp.), s. 43
37 Section 79 of the Act is replaced by the following:
Marginal note:Total pensionable earnings attributable to base contributions made under Act as a result of division
79 For a year of a division as determined under section 55 or 55.1 and under a provincial pension plan, the total pensionable earnings of a contributor attributable to base contributions made under this Act are an amount equal to the amount that their total pensionable earnings would be if the base unadjusted pensionable earnings of the contributor for the year were that proportion of their base unadjusted pensionable earnings for the year that
(a) their base unadjusted pensionable earnings attributed under subsection 55(4) or 55.2(5)
are of
(b) their total base unadjusted pensionable earnings for the year determined under subsection 55(5) or 55.2(6).
38 Subsection 80(3) of the Act is replaced by the following:
Marginal note:Provision for making of financial adjustments
(3) Any agreement entered into under subsection (1) may provide for the making of any financial adjustments required to be made by reason of any payments made to or in respect of a contributor in accordance with that agreement, and for the crediting or charging of the amount of those adjustments to the Canada Pension Plan Account or the Additional Canada Pension Plan Account, as the case may be.
39 (1) Paragraph 89(1)(e) of the Act is replaced by the following:
(e) respecting the determination of disability subject to this Part and the conditions on which any amount as or on account of a benefit in respect of the disability of a person shall be paid or shall continue to be paid, including the initial and subsequent periodic or other assessments of that disability and the reasonable rehabilitation measures to be undergone by that person, and providing for the payment out of the Consolidated Revenue Fund of the cost of any such assessments of disability and rehabilitation measures and for the charging of the amount of the payment to the Canada Pension Plan Account or the Additional Canada Pension Plan Account, as the case may be, as a cost of administration of this Act;
Marginal note:1991, c. 44, s. 23
(2) Paragraph 89(1)(j) of the Act is replaced by the following:
(j) providing, in any case or class of cases not covered by the provisions of an agreement under subsection 80(1), for the issue of cheques by the Government of Canada in the amount of any benefit payable under this Act to or in respect of a contributor and in the amount of any like benefit payable under a provincial pension plan to or in respect of the same contributor, or for the payment by other means by the Government of Canada of such an amount, if arrangements satisfactory to the Governor in Council have been made with the government of that province for the issue of cheques, or for the payment by other means, by that government on a reciprocal basis and for the making of any financial adjustments by that government required to be made by reason of those arrangements, and providing for the making of any financial adjustments by the Government of Canada required to be made by reason of those arrangements and for the crediting or charging of the amount of the adjustments to the Canada Pension Plan Account or the Additional Canada Pension Plan Account, as the case may be;
40 Section 91 of the Act is amended by adding the following in alphabetical order:
- additional Canada Pension Plan
additional Canada Pension Plan means the part of the Canada Pension Plan relating to the portions of benefits that are referred to in paragraphs 46(1)(b) and (c), subparagraphs 56(1)(b)(ii) and (iii), clauses 58(1)(a)(ii)(B) and (C), subparagraphs 58(1)(b)(ii) and (iii) and subsections 59.1(3) and (5) and all contributions in respect of those portions of benefits. (régime de pensions supplémentaire du Canada)
- base Canada Pension Plan
base Canada Pension Plan means the part of the Canada Pension Plan relating to benefits and contributions under this Act, other than the portions of those benefits and contributions that are included in the additional Canada Pension Plan. (régime de pensions de base du Canada)
41 Subsection 98(3) of the Act is replaced by the following:
Marginal note:Application — individual with self-employed earnings
(3) Every individual who is required by section 30 to file a return of their self-employed earnings for a year, other than an individual to whom subsection (1) or (2) applies, shall on or before the first day on or before which they are required by section 33 to pay any amount as or on account of the contributions required to be made by them for that year in respect of those earnings, if they have not earlier been assigned a Social Insurance Number, apply to the Minister, in the form and manner that may be prescribed, for the assignment to them of a Social Insurance Number.
Marginal note:2012, c. 19, s. 306
42 Paragraph 99(2)(b) of the Act is replaced by the following:
(b) if the individual is not employed in pensionable employment but later becomes so employed, or is required to make a contribution under this Act in respect of their self-employed earnings, within 60 days after the day on which the individual becomes so employed or after the first day on or before which they are required under section 33 to pay any amount as or on account of the contributions required to be made by them in respect of those earnings, as the case may be.
43 Subsection 107(3) of the Act is replaced by the following:
Marginal note:Regulations for giving effect to agreements
(3) For the purpose of giving effect to any agreement entered into under subsection (1), the Governor in Council may make any regulations respecting the manner in which this Act is to apply to any case or class of cases affected by the agreement, and for adapting this Act to any such case or class of cases, that appear to the Governor in Council to be necessary for that purpose, and any regulations so made may provide for the making of any financial adjustments required under the agreement and for the crediting or charging of the amount of any of those adjustments to the Canada Pension Plan Account or the Additional Canada Pension Plan Account, as the case may be.
44 (1) Paragraph 108(2)(a) of the Act is replaced by the following:
(a) all amounts received under this Act as or on account of contributions under subsections 8(1), 9(1) and 10(1) or otherwise on account of the base Canada Pension Plan;
Marginal note:1995, c. 33, s. 46(1); 1997, c. 40, s. 89(1)
(2) Paragraphs 108(2)(c) to (g) of the Act are replaced by the following:
(d) any amount of money received under section 107.1 on account of the base Canada Pension Plan and any proceeds from the disposition of any securities or other property received under that section on account of the base Canada Pension Plan;
(e) all amounts charged for the use of resources that are associated with the administration of this Act in relation to the base Canada Pension Plan;
(f) any interest or administrative charge collected in relation to money payable under this Act in relation to the base Canada Pension Plan; and
(g) all amounts received under subsection 56(1) of the Canada Pension Plan Investment Board Act.
(3) Paragraph 108(3)(a) of the Act is replaced by the following:
(a) all amounts payable under this Act in relation to the base Canada Pension Plan as or on account of benefits or otherwise;
(4) Paragraph 108(3)(c) of the Act is replaced by the following:
(c) the costs of administration of this Act in relation to the base Canada Pension Plan, under the authority of Parliament;
Marginal note:2012, c. 19, s. 234(2); 2013, c. 40, subpar. 236(1)(b)(iv)
(5) Paragraph 108(3)(e) of the Act is replaced by the following:
(e) the costs, in relation to the base Canada Pension Plan, of administering Part 5 of the Department of Employment and Social Development Act in respect of appeals respecting this Act.
Marginal note:2003, c. 5, s. 2
(6) Paragraph 108(4)(b) of the Act is replaced by the following:
(b) the fair market value of the assets of the Investment Board less its liabilities, in relation to the base Canada Pension Plan.
- Date modified: