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

Assented to 2013-06-26

 Tariff item No. 9506.12.00 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing

  • (a) in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “7% (A)” with a reference to “Free (F)”; and

  • (b) in the column “Preferential Tariff / Final Rate”, the reference to “5% (A)” after the abbreviation “GPT” with a reference to “Free (F)”.

 Tariff item No. 9506.19.00 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing

  • (a) in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “6.5% (A)” with a reference to “Free (F)”; and

  • (b) in the column “Preferential Tariff / Final Rate”, the reference to “3% (A)” after the abbreviation “GPT” with a reference to “Free (F)”.

 Tariff item No. 9506.21.00 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing

  • (a) in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “9.5% (A)” with a reference to “Free (F)”; and

  • (b) in the column “Preferential Tariff / Final Rate”, the reference to “6% (A)” after the abbreviation “GPT” with a reference to “Free (F)”.

 Tariff item No. 9506.29.00 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing

  • (a) in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “7.5% (A)” with a reference to “Free (F)”; and

  • (b) in the column “Preferential Tariff / Final Rate”, the reference to “5% (A)” after the abbreviation “GPT” with a reference to “Free (F)”.

 Tariff item No. 9506.31.00 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing

  • (a) in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “7.5% (A)” with a reference to “Free (F)”; and

  • (b) in the column “Preferential Tariff / Final Rate”, the reference to “4% (A)” after the abbreviation “GPT” with a reference to “Free (F)”.

 Tariff item No. 9506.32.10 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “5.5% (A)” with a reference to “Free (F)”.

 Tariff item No. 9506.32.90 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing

  • (a) in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “8% (A)” with a reference to “Free (F)”; and

  • (b) in the column “Preferential Tariff / Final Rate”, the reference to “5% (A)” after the abbreviation “GPT” with a reference to “Free (F)”.

 Tariff item No. 9506.39.20 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “2.5% (A)” with a reference to “Free (F)”.

 Tariff item No. 9506.39.30 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing

  • (a) in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “4.5% (A)” with a reference to “Free (F)”; and

  • (b) in the column “Preferential Tariff / Final Rate”, the reference to “3% (A)” after the abbreviation “GPT” with a reference to “Free (F)”.

 Tariff item No. 9506.39.90 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing

  • (a) in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “7% (A)” with a reference to “Free (F)”; and

  • (b) in the column “Preferential Tariff / Final Rate”, the reference to “5% (A)” after the abbreviation “GPT” with a reference to “Free (F)”.

 Tariff item No. 9506.40.00 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing

  • (a) in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “7% (A)” with a reference to “Free (F)”; and

  • (b) in the column “Preferential Tariff / Final Rate”, the reference to “5% (A)” after the abbreviation “GPT” with a reference to “Free (F)”.

 Tariff item No. 9506.62.90 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing

  • (a) in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “7% (A)” with a reference to “Free (F)”; and

  • (b) in the column “Preferential Tariff / Final Rate”, the reference to “5% (A)” after the abbreviation “GPT” with a reference to “Free (F)”.

 Tariff item No. 9506.69.10 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “7% (A)” with a reference to “Free (F)”.

 Tariff item No. 9506.69.90 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing

  • (a) in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “7% (A)” with a reference to “Free (F)”; and

  • (b) in the column “Preferential Tariff / Final Rate”, the reference to “5% (A)” after the abbreviation “GPT” with a reference to “Free (F)”.

 Tariff item No. 9506.70.11 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing

  • (a) in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “18% (A)” with a reference to “Free (F)”;

  • (b) in the column “Preferential Tariff / Final Rate”, the reference to “13.5% (A)” after the abbreviation “AUT” with a reference to “Free (F)”; and

  • (c) in the column “Preferential Tariff / Final Rate”, the reference to “13.5% (A)” after the abbreviation “NZT” with a reference to “Free (F)”.

 Tariff item No. 9506.70.12 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing

  • (a) in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “18% (A)” with a reference to “Free (F)”;

  • (b) in the column “Preferential Tariff / Final Rate”, the reference to “13.5% (A)” after the abbreviation “AUT” with a reference to “Free (F)”; and

  • (c) in the column “Preferential Tariff / Final Rate”, the reference to “13.5% (A)” after the abbreviation “NZT” with a reference to “Free (F)”.

 Tariff item No. 9506.91.90 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing

  • (a) in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “6.5% (A)” with a reference to “Free (F)”; and

  • (b) in the column “Preferential Tariff / Final Rate”, the reference to “5% (A)” after the abbreviation “GPT” with a reference to “Free (F)”.

 Tariff item No. 9506.99.20 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “2.5% (A)” with a reference to “Free (F)”.

 Tariff item No. 9506.99.31 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “6% (A)” with a reference to “Free (F)”.

 Tariff item No. 9506.99.40 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “7% (A)” with a reference to “Free (F)”.

 Tariff item No. 9506.99.50 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “15.5% (A)” with a reference to “Free (F)”.

 Tariff item No. 9506.99.90 in the List of Tariff Provisions set out in the schedule to the Act is amended by replacing

  • (a) in the column “Most-Favoured-Nation Tariff / Final Rate”, the reference to “7.5% (A)” with a reference to “Free (F)”; and

  • (b) in the column “Preferential Tariff / Final Rate”, the reference to “5% (A)” after the abbreviation “GPT” with a reference to “Free (F)”.

 The List of Intermediate and Final Rates for Tariff Items of the “F” Staging Category set out in the schedule to the Act is amended by adding, in numerical order, the tariff items set out in the schedule to this Act.

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

1991, c. 45Trust and Loan Companies Act

  •  (1) The portion of subsection 187(1) of the Trust and Loan Companies Act before paragraph (a) is replaced by the following:

    Marginal note:Resident Canadian majority
    • 187. (1) The directors of a company shall not transact business at a meeting of directors unless

  • (2) Paragraphs 187(1)(a) and (b) of the English version of the Act are replaced by the following:

    • (a) in the case of a company that is the subsidiary of a foreign institution, at least one half of the directors present are resident Canadians; and

    • (b) in the case of any other company, a majority of the directors present are resident Canadians.

  • (3) The portion of subsection 187(1) of the English version of the Act after paragraph (b) is repealed.

  • (4) The portion of subsection 187(2) of the English version of the Act before paragraph (a) is replaced by the following:

    • Marginal note:Exception

      (2) Despite subsection (1), the directors of a company may transact business at a meeting of directors without the required proportion of directors who are resident Canadians if

 

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