CONSOLIDATION

British Columbia Indemnity Interest Remission Order (HST)

SI/2014-76

Current to June 20, 2022



OFFICIAL STATUS OF CONSOLIDATIONS Subsections 31(1) and (3) of the Legislation Revision and Consolidation Act, in force on June 1, 2009, provide as follows: Published consolidation is evidence

31 (1) Every copy of a consolidated statute or consolidated regulation published by the Minister under this Act in either print or electronic form is evidence of that statute or regulation and of its contents and every copy purporting to be published by the Minister is deemed to be so published, unless the contrary is shown. ... Inconsistencies in regulations

(3) In the event of an inconsistency between a consolidated regulation published by the Minister under this Act and the original regulation or a subsequent amendment as registered by the Clerk of the Privy Council under the Statutory Instruments Act, the original regulation or amendment prevails to the extent of the inconsistency.

LAYOUT The notes that appeared in the left or right margins are now in boldface text directly above the provisions to which they relate. They form no part of the enactment, but are inserted for convenience of reference only.

NOTE This consolidation is current to June 20, 2022. Any amendments that were not in force as of June 20, 2022 are set out at the end of this document under the heading “Amendments Not in Force”.

Current to June 20, 2022

TABLE OF PROVISIONS British Columbia Indemnity Interest Remission Order (HST) 1

Remission of interest

Partial remission

Current to June 20, 2022

ii

Registration SI/2014-76 October 8, 2014

FINANCIAL ADMINISTRATION ACT British Columbia Indemnity Interest Remission Order (HST) P.C. 2014-939

September 18, 2014

His Excellency the Governor General in Council, considering that it is in the public interest to do so, on the recommendation of the Minister of Finance and of the Treasury Board, pursuant to subsection 23(2.1)a of the Financial Administration Actb, makes the annexed British Columbia Indemnity Interest Remission Order (HST).

a

S.C. 1991, c. 24, s. 7(2)

b

R.S., c. F-11

Current to June 20, 2022

British Columbia Indemnity Interest Remission Order (HST)

Remission of interest 1 (1) Remission is granted to British Columbia of the interest payable under subsection 155.1(1) of the Financial Administration Act in respect of the province’s obligation under the Comprehensive Integrated Tax Coordination Agreement between the Government of Canada and the Government of British Columbia to indemnify Her Majesty in right of Canada in an amount equal to the assistance amount of $1,599,000,000 received by the province under that agreement. Condition (2) Remission is granted on condition that the amount of

the indemnity referred to in subsection (1) be paid in five equal payments of $319,800,000, with the first and second payments having been made on March 30, 2012 and March 28, 2013 respectively, and the third, fourth and fifth payments to be made on or before March 28, 2014, March 27, 2015 and March 25, 2016, respectively. Partial remission 2 If a payment is not made on or before the date that is

specified in subsection 1(2), remission is granted to British Columbia of the interest payable under subsection 155.1(1) of the Financial Administration Act, in respect of the province’s obligation referred to in subsection 1(1), that is attributable to the period that begins on March 28, 2012 and ends on the day before the date specified in subsection 1(2) in respect of the first missed payment.

Current to June 20, 2022

