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Economic Action Plan 2013 Act, No. 1 (S.C. 2013, c. 33)

Act current to 2024-11-26 and last amended on 2020-06-10. Previous Versions

Economic Action Plan 2013 Act, No. 1

S.C. 2013, c. 33

Assented to 2013-06-26

An Act to implement certain provisions of the budget tabled in Parliament on March 21, 2013 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

 This Act may be cited as the Economic Action Plan 2013 Act, No. 1.

PART 1Amendments to the Income Tax Act, the Tax Court of Canada Act and the Income Tax Regulations

Income Tax Act

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Tax Court of Canada Act

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Income Tax Regulations

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Coordinating Amendments

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

Excise Tax Act

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Excise Act, 2001

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Application

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PART 3Various Measures

DIVISION 1Customs Tariff

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Coming into Force

Marginal note:April 1, 2013

 Sections 64 to 102 are deemed to have come into force on April 1, 2013.

DIVISION 2Financial Institutions

Trust and Loan Companies Act

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Bank Act

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Insurance Companies Act

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Cooperative Credit Associations Act

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DIVISION 3Federal-Provincial Fiscal Arrangements Act

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DIVISION 4Payments to Certain Entities or for Certain Purposes

Canadian Youth Business Foundation

Marginal note:Maximum payment of $18,000,000

 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Industry, a sum not exceeding $18,000,000 to the Canadian Youth Business Foundation for its use.

Genome Canada

Marginal note:Maximum payment of $165,000,000

 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Industry, a sum not exceeding $165,000,000 to Genome Canada for its use.

Nature Conservancy of Canada

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

 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of the Environment, a sum not exceeding $20,000,000 to the Nature Conservancy of Canada for its use.

Nunavut Housing

Marginal note:Maximum payment of $30,000,000

 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Human Resources and Skills Development, in accordance with terms and conditions approved by the Treasury Board, a sum not exceeding $30,000,000 to the Canada Mortgage and Housing Corporation to provide funding to Nunavut for housing.

Indspire

Marginal note:Maximum payment of $5,000,000

 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Indian Affairs and Northern Development, a sum not exceeding $5,000,000 to Indspire to provide post-secondary scholarships and bursaries for students who are registered as Indians under the Indian Act and for Inuit students.

 

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