C-314160Elizabeth II2011An Act to implement certain provisions of the 2011 budget as updated on June 6, 2011Supporting Vulnerable Seniors and Strengthening Canada’s Economy ActSupporting Vulnerable Seniors and Strengthening Canada’s Economy20196

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S-25.515201190613Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:Short Title

Short title1This Act may be cited as the Supporting Vulnerable Seniors and Strengthening Canada’s Economy Act.

PART 1Amendments to the Income Tax Act, a Related Act and a Related RegulationIncome Tax Act

2[Amendments]

3[Amendments]

Canada Disability Savings Act

4[Amendment]

5[Amendment]

6[Amendment]

Canada Disability Savings Regulations

7[Amendment]

8[Amendment]

PART 2Measures Relating to Excise Duties and Sales and Excise TaxesExcise Act, 2001

9[Amendment]

Excise Tax Act

10[Amendment]

11[Amendment]

12[Amendments]

PART 3Old Age Security Act

13[Amendment]

14[Amendment]

PART 4PaymentsGenome Canada

Maximum payment of $65,000,00015There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Industry, a sum of not more than $65,000,000 to Genome Canada for its use.

Canadian Youth Business Foundation

Maximum payment of $20,000,00016There may be paid out of the Consolidated Revenue Fund for the fiscal years 2011-12 and 2012-13, on the requisition of the Minister of Industry, a sum of not more than $20,000,000 to the Canadian Youth Business Foundation for its use.

PART 5Auditor General Act

17[Amendment]

PART 6Canada Student Financial Assistance ActAmendments to the Act

18[Amendments]

Coming into Force

Order in council*19Section 18 comes into force on a day to be fixed by order of the Governor in Council.*[Note: Section 18 in force January 1, 2012, see SI/2011-112.]

PART 7Mortgage or Hypothecary InsuranceEnactment of Protection of Residential Mortgage or Hypothecary Insurance Act

Enactment20The Protection of Residential Mortgage or Hypothecary Insurance Act is enacted as follows:[See Protection of Residential Mortgage or Hypothecary Insurance Act]

Consequential AmendmentsBudget Implementation Act, 2006

21[Amendment]

National Housing Act

22[Amendment]

23[Amendment]

24[Amendment]

Office of the Superintendent of Financial Institutions Act

25[Amendment]

Coming into Force

Order in council*26This Part comes into force on a day to be fixed by order of the Governor in Council.*[Note: Sections 22 to 24 in force June 29, 2012, see 2012, c. 19, s. 359; Part 7, other than sections 22 to 24, in force January 1, 2013, see SI/2012-87.]

PART 8Federal-Provincial Fiscal Arrangements Act

27[Amendment]

28[Amendment]

29[Amendment]

PART 9Insurance Companies Act

30[Amendment]

31[Amendment]

PART 10Assessment of Financial Institutions Regulations, 2001Amendment to the Regulations

32[Amendment]

Validation

33[Transitional Provision]

PART 11Financial Administration ActAmendments to the Act

34[Amendment]

35[Amendment]

Coming into Force

June 1, 201136Section 35 is deemed to have come into force on June 1, 2011.

PART 12Canada Shipping Act, 2001Amendments to the Act

37[Amendment]

38[Amendment]

39[Amendments]

40[Amendment]

41[Amendment]

42[Amendment]

43[Amendments]

44[Amendment]

Consequential Amendment to the Coasting Trade Act

45[Amendment]