CONSOLIDATION

Expropriation Act Basic Rate Order

C.R.C., c. 640

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 Order Prescribing a Basic Rate for the Purposes of Section 33 of the Expropriation Act 1

Short Title

Basic Rate

Current to June 20, 2022

ii

CHAPTER 640

EXPROPRIATION ACT Expropriation Act Basic Rate Order

Order Prescribing a Basic Rate for the Purposes of Section 33 of the Expropriation Act

Short Title 1 This Order may be cited as the Expropriation Act Basic Rate Order.

Basic Rate 2 For the purpose of section 33 of the Expropriation Act,

the basic rate shall be (a) for any period ending on or before September 30, 1973, six per cent per annum; and (b) for any quarterly period commencing after September 30, 1973 (i) six per cent per annum, or (ii) a rate per annum (A) equal to the average yield of Government of

Canada treasury bills for the period of four weeks preceding the quarterly period, where that average yield does not contain a fraction other than a multiple of one-quarter, or (B) calculated to the nearest quarter of one per cent above the average yield described in clause (A), where that average yield contains a fraction other than a multiple of one-quarter,

whichever is greater.

Current to June 20, 2022

