Economic Recovery Act (stimulus)

Bills that amended this Act0

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Sections71

• 1Short title

  This Act may be cited as the Economic Recovery Act (stimulus).

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• 18Maximum payment of $2,500,000,000
• 18(1)

  For the purpose of Canada’s contribution to the Multilateral Debt Relief Initiative, or for making contributions towards multilateral debt relief, there may, in respect of fiscal years in the period that begins on April 1, 2009 and ends on March 31, 2054, be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Finance, sums, not exceeding in the aggregate $200 million in each fiscal year, to international organizations in order to make debt payments on behalf of eligible countries. No more than a total of $2.5 billion may be paid out under this subsection.

• 18(2)Agreements

  The Minister of Finance may enter into arrangements or agreements with international organizations for the purpose of the payments referred to in subsection (1).

• 19Payment of $174,500,000

  Before April 1, 2010, there may be paid to Nova Scotia out of the Consolidated Revenue Fund, on the requisition of the Minister of Natural Resources, $174,500,000.

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• 43Subsection 114(2) of the Canada Pension Plan does not apply
• 43(1)

  Subsection 114(2) of the Canada Pension Plan does not apply in respect of the amendments to that Act contained in sections 25 to 42.

• 43*(2)Order in council

  Sections 25 to 42 come into force, in accordance with subsection 114(4) of the Canada Pension Plan, on a day or days to be fixed by order of the Governor in Council. [Note: Sections 30 and 31, subsection 32(2) and sections 33, 34, 41 and 42 in force September 1, 2010, sections 25 to 29, subsection 32(1) and sections 35 to 40 in force January 1, 2012, see SI/2010-57.]

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• *46April 1, 1998

  Subsection 45(1) is deemed to have come into force on April 1, 1998. [Note: Section 44 and subsection 45(2) in force December 31, 2011, see SI/2011-116.]

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• 61April 1, 2011

  Sections 58 to 60 come into force on April 1, 2011.

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