Industrial and Regional Development Act (R.S.C., 1985, c. I-8)

Act current to 2017-12-11 and last amended on 2003-04-01. Previous Versions

Industrial and Regional Development Act

R.S.C., 1985, c. I-8

An Act to provide for financial assistance for industrial development in all regions of Canada

Short Title

Marginal note:Short title

 This Act may be cited as the Industrial and Regional Development Act.

  • 1980-81-82-83, c. 160, s. 1.

Interpretation

Marginal note:Definitions

 In this Act,

approved lender

prêteur agréé

approved lender means an approved lender as defined by the regulations; (prêteur agréé)

commercial operation

affaire commerciale

commercial operation means a commercial operation as defined by the regulations and includes such class of operations within the service industry as are designated by the Minister pursuant to subsection 7(2); (affaire commerciale)

development index

indice de développement

development index means the index that may be established pursuant to regulations made under paragraph 15(a); (indice de développement)

district

district

district means a census division established by Statistics Canada for the purpose of tabulating and publishing census data; (district)

eligible person

personne admissible

eligible person means a person who carries on activities that support commercial operations and, without limiting the generality of the foregoing, includes an economic, business or technological institute or centre, a municipal corporation or a municipal industrial development corporation; (personne admissible)

Minister

ministre

Minister, in relation to any class of matters to which this Act extends in any province or region of a province, means such member of the Queen’s Privy Council for Canada as is designated by the Governor in Council as the Minister for the purposes of this Act in relation to that class of matters in that province or region of a province; (ministre)

prescribed

Version anglaise seulement

prescribed means prescribed by regulations of the Governor in Council; (Version anglaise seulement)

province

province

province does not include Yukon, the Northwest Territories or Nunavut. (province)

  • R.S., 1985, c. I-8, s. 2;
  • R.S., 1985, c. 11 (4th Supp.), s. 14;
  • 1993, c. 28, s. 78;
  • 2002, c. 7, s. 185(E).

Tier Groups

Marginal note:Arrangement of districts into Tier Groups
  •  (1) On or before July 1 of each year, the Minister shall, in accordance with subsection (2), arrange all districts into four groups, in this Act called Tier Groups.

  • Marginal note:Limitation

    (2) In arranging districts into Tier Groups, the Minister shall ensure that

    • (a) one Tier Group, called Tier Group IV, includes those districts, comprising not more than five per cent of the population of the provinces, that, as ranked under the development index, require the greatest assistance in creating opportunities for economic growth;

    • (b) one Tier Group, called Tier Group III, includes

      • (i) those districts, comprising not more than fifteen per cent of the population of the provinces, that, as ranked under the development index, require the greatest assistance, after those districts in Tier Group IV, in creating opportunities for economic growth, and

      • (ii) Yukon, the Northwest Territories and Nunavut;

    • (c) one Tier Group, called Tier Group II, includes those districts, comprising not more than thirty per cent of the population of the provinces, that, as ranked under the development index, require the greatest assistance, after those districts in Tier Groups III and IV, in creating opportunities for economic growth; and

    • (d) one Tier Group, called Tier Group I, includes all districts in the provinces not included in Tier Group II, III or IV.

  • R.S., 1985, c. I-8, s. 3;
  • 1993, c. 28, s. 78;
  • 2002, c. 7, s. 186(E).

Grants, Contributions, Loans and Guarantees

Marginal note:Grants, contributions and loans in respect of projects of commercial operations
  •  (1) Subject to this Act, on application therefor to the Minister by a commercial operation, the Minister may, in accordance with the regulations, make a grant, contribution or loan to the commercial operation in respect of a project carried out or to be carried out by the commercial operation for the purpose of

    • (a) establishing, expanding, modernizing or enhancing the productivity of the commercial operation;

    • (b) promoting the marketing of one or more products or services of the commercial operation;

    • (c) developing new or improved products or production processes of the commercial operation, or carrying on research in respect thereof; or

    • (d) restructuring the commercial operation so as to enable it to continue on a commercially viable basis.

  • Marginal note:Guarantees in respect of commercial operations

    (2) Subject to this Act, on application therefor to the Minister by a commercial operation, the Minister may, in accordance with the regulations, guarantee the repayment of any portion of the principal and interest owing on any loan made by an approved lender to the commercial operation in respect of a project carried out or to be carried out by the commercial operation for a purpose referred to in paragraphs (1)(a) to (d).

  • 1980-81-82-83, c. 160, s. 4.
Marginal note:Grants, contributions and loans to eligible persons
  •  (1) Subject to this Act, on application therefor to the Minister by an eligible person, the Minister may, in accordance with the regulations, make a grant, contribution or loan to the eligible person, if the eligible person supports, directly or indirectly, commercial operations by

    • (a) carrying on activities that provide a framework for the establishment, modernization or expansion of a commercial operation;

    • (b) promoting the marketing of one or more products or services of commercial operations;

    • (c) carrying on research in respect of the development of new or improved products or production processes; or

    • (d) providing services, or engaging in other activities, of benefit to commercial operations.

  • Marginal note:Guarantees in respect of eligible persons

    (2) Subject to this Act, on application therefor to the Minister by an eligible person, the Minister may, in accordance with the regulations, guarantee the repayment of any portion of the principal and interest owing on any loan made by an approved lender to an eligible person if the eligible person supports, directly or indirectly, commercial operations in a manner described in paragraphs (1)(a) to (d).

  • 1980-81-82-83, c. 160, s. 5.
Marginal note:Terms and conditions in respect of projects of commercial operations
  •  (1) Any grant, contribution or loan made, or any guarantee given, in respect of a project carried out or to be carried out by a commercial operation under section 4 shall be made or given in accordance with the terms and conditions prescribed in respect of the Tier Group that includes the district in which the project is carried out or is to be carried out.

  • Marginal note:Terms and conditions in respect of eligible person

    (2) Any grant, contribution or loan made to, or any guarantee given in respect of, an eligible person by virtue of his carrying on activities described in paragraph 5(1)(a) in respect of a commercial operation shall be made or given in accordance with the terms and conditions prescribed in respect of the Tier Group that includes the district in which the commercial operation is located.

  • 1980-81-82-83, c. 160, s. 6.
Marginal note:Where commercial operation in more than one district
  •  (1) Where a project or a commercial operation is located in more than one district, it shall, for the purposes of this Act, be deemed to be located in such district as the Minister may determine.

  • Marginal note:Designation of operations within the service industry

    (2) The Minister may, by order, designate any class of operations within the service industry as commercial operations for the purposes of this Act.

  • 1980-81-82-83, c. 160, s. 7.
 
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