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Economic Statement Implementation Act, 2020 (S.C. 2021, c. 7)

Act current to 2023-01-11

Economic Statement Implementation Act, 2020

S.C. 2021, c. 7

Assented to 2021-05-06

An Act to implement certain provisions of the economic statement tabled in Parliament on November 30, 2020 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 Statement Implementation Act, 2020.

PART 1R.S., c. 1 (5th Supp.)Income Tax Act

Amendments to the Act

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1992, c. 48, Sch.Related Amendment to the Children’s Special Allowances Act

 [Amendments]

PART 2R.S., c. S-23Canada Student Loans Act

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PART 3 1994, c. 28Canada Student Financial Assistance Act

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PART 42014, c. 20, s. 483Apprentice Loans Act

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PART 5R.‍S.‍, c. F-27Food and Drugs Act

Amendments to the Act

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Coming into Force

Marginal note:October 2, 2020

 Section 9 is deemed to have come into force on October 2, 2020.

PART 6Payments

Marginal note:Payment — requisition of Minister of Economic Development and Official Languages

  •  (1) There may be paid out of the Consolidated Revenue Fund for the fiscal year ending on March 31, 2021, on the requisition of the Minister of Economic Development and Official Languages, a sum not exceeding $206,700,000 to the regional development agencies for the Regional Relief and Recovery Fund.

  • Marginal note:Definition of regional development agencies

    (2) For the purpose of subsection (1), regional development agencies means

    • (a) the Department of Western Economic Diversification;

    • (b) the Atlantic Canada Opportunities Agency;

    • (c) the Canadian Northern Economic Development Agency;

    • (d) the Economic Development Agency of Canada for the Regions of Quebec;

    • (e) the Federal Economic Development Agency for Southern Ontario; and

    • (f) the Federal Economic Development Initiative for Northern Ontario.

Marginal note:Payments — requisition of Minister of Health

  •  (1) Subject to subsection (2), there may be paid out of the Consolidated Revenue Fund for the fiscal year ending on March 31, 2021, on the requisition of the Minister of Health, all money required to do anything in relation to the initiatives specified in the schedule.

  • Marginal note:Limit

    (2) The total of all payments made under subsection (1), in respect of an initiative specified in column 1 of the schedule, must not exceed the limit specified for that initiative in column 2 of the schedule.

Marginal note:Payment — requisition of Minister of Employment and Social Development

  •  (1) There may be paid out of the Consolidated Revenue Fund until March 31, 2021, on the requisition of the Minister of Employment and Social Development, a sum not exceeding $500,000,000 for the purpose of making income support payments under section 4 of the Canada Emergency Response Benefit Act.

  • Marginal note:For greater certainty

    (2) For greater certainty, the payments that may be made out of the Consolidated Revenue Fund under subsection (1) must not include the costs of administering or enforcing the Canada Emergency Response Benefit Act.

PART 72017, c. 20, s. 103Borrowing Authority Act

Amendments to the Act

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R.S., c. F-11Related Amendment to the Financial Administration Act

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