Output-Based Pricing System Regulations

Marginal note:Regular-rate compensation deadline

• 57 (1) For the purposes of subsection 174(3) of the Act, the regular-rate compensation deadline is December 15 of the calendar year in which the related annual report must be submitted.

• Marginal note:Exception

  (1.1) Despite subsection (1), for the compliance period that ends on December 31, 2019, the regular-rate compensation deadline is April 15, 2021.

• Marginal note:Increased-rate compensation deadline

  (2) For the purposes of subsection 174(4) of the Act, the increased-rate compensation deadline is February 15 of the calendar year following the deadline under subsection (1).

• Marginal note:Exception

  (2.1) Despite subsection (2), for the compliance period that ends on December 31, 2019, the increased-rate compensation deadline is June 15, 2021.

• Marginal note:Notice referred to in subsection 53(3)

  (3) However, if a notice of determination under subsection 53(3) is issued after October 31 of the year in which the related annual report is due

  • (a) the regular-rate compensation deadline is 45 days after the day on which the notice is issued; and

  • (b) the increased-rate compensation deadline is 60 days after the day on which the regular-rate compensation deadline under paragraph (a) expires.