CONSOLIDATION

Low-value Amounts Regulations

SOR/2015-68

Current to June 20, 2022 Last amended on April 1, 2018



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. The last amendments came into force on April 1, 2018. 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 Last amended on April 1, 2018

TABLE OF PROVISIONS Low-value Amounts Regulations 1

Definition of Act

Amounts deemed nil

Exception — accumulated amounts

Exemption

April 1, 2015

Current to June 20, 2022 Last amended on April 1, 2018

ii

Registration SOR/2015-68 March 25, 2015

FINANCIAL ADMINISTRATION ACT Low-value Amounts Regulations

Whereas, pursuant to paragraphs 155.2(2)(a)a and (c) of the Financial Administration Actb, the Treasury Board is of the opinion that circumstances justify doing so; Therefore, the Treasury Board, pursuant to subsection 155.2(2)a of the Financial Administration Actb, makes the annexed Low-value Amounts Regulations.

a

S.C., 2014, c. 39, s. 304

b

R.S., c. F-11

Current to June 20, 2022 Last amended on April 1, 2018

Low-value Amounts Regulations

Definition of Act 1 In these Regulations, Act means the Financial Administration Act.

Amounts deemed nil 2 For the purposes of subsection 155.2(1) of the Act, the amount is fixed at: (a) 99 cents for all amounts payable by Her Majesty in

right of Canada under the Canada Pension Plan, the Employment Insurance Act and the Old Age Security Act, as well as any regulations made under those Acts; or (b) two dollars in any other case.

Exception — accumulated amounts 3 (1) Despite section 2, the following amounts payable by Her Majesty in right of Canada accumulate for the period referred to in paragraph (2)(a) or (b): (a) amounts payable under the Canada Pension Plan,

the Veterans Well-being Act, the Department of Veteran Affairs Act, the Old Age Security Act, the Pension Act and the War Veterans Allowance Act, as well as any regulations made under those Acts; (b) amounts payable under the authority conferred on the Minister of Public Works and Government Services under sections 12 and 13 of the Department of Public Works and Government Services Act; (c) amounts payable to officers and non-commissioned members as defined in subsection 2(1) of the National Defence Act and to members as defined in subsection 2(1) of the Royal Canadian Mounted Police Act, on account of salary, wages, pay and pay and allowances; and (d) amounts payable under the Canadian Forces Superannuation Act, as well as any regulations made under that Act.

Period of accumulation (2) The amounts payable accumulate during the following periods:

Current to June 20, 2022 Last amended on April 1, 2018

Low-value Amounts Regulations Sections 3-5

(a) in the case of amounts referred to in paragraph

(1)(a), for a period of up to 12 months after the day on which they become payable; (b) in the case of amounts referred to in paragraphs

(1)(b) to (d), for a period of up to 12 months after the day on which they become payable or until the end of the calendar year in which they became payable, whichever comes first.

Payment (3) If at any time during the period referred to in paragraph (2)(a) or (b) the accumulated amount exceeds the applicable threshold, payment will be made within 30 days after that time. No payment (4) Subject to paragraph 4(d), if the accumulated amount

does not exceed the applicable threshold at the end of the period referred to in paragraph (2)(a) or (b), it is deemed nil under subsection 155.2(1) of the Act.

Circumstance for accumulation (5) For the purposes of subsection (1), only amounts

payable to the same recipient that are of the same type or payable under the same program, legislation or regulation may accumulate. SOR/2017-161, s. 10.

Exemption 4 Subsection 155.2(1) of the Act does not apply to the following amounts: (a) amounts payable by or to Her Majesty in right of Canada in currencies other than Canadian dollars; (b) user fees as defined in section 2 the User Fees Act; (c) immediate payments in exchange for goods and services; and (d) amounts that are requested in writing by the recipient, if the request is sent to the appropriate Minister within 12 months after the day on which the amount becomes payable. April 1, 2015 5 These Regulations come into force on April 1, 2015.

Current to June 20, 2022 Last amended on April 1, 2018

