Acts and Regulations

91-195 - General

Full text
Payment equal to or greater than special payments
41(1)If an employer or a person required to make contributions on behalf of an employer makes a payment during the period covered by the most recently filed actuarial valuation report that equals or exceeds the total of all the special payments referred to in paragraphs 36(1)(b), (b.1), (b.2) and (c) or subsection 36(5) during the subsequent thirty-six months, including the month in which the payment is made, paragraphs 36(1)(b), (b.1), (b.2) and (c) do not or subsection 36(5) does not apply to the employer or person contributing during the period commencing on the first day of the month following the month in which the payment is made and ending on the earlier of
(a) the last day of the thirty-fifth subsequent month, and
(b) the review date of the actuarial valuation report first filed after the most recently filed actuarial valuation report.
Non-payment of contributions before filing of valuation report
41(2)Subject to subsection (1), if an actuarial valuation report filed under this Regulation establishes that an employer or a person required to make contributions on behalf of an employer has not paid any or all contributions, payments or amounts in conformity with subsections 35(2) and (3) or 37(2) and (3) before the date of filing, the employer or person required to make contributions on behalf of the employer shall pay all those contributions, payments and amounts into the pension fund within sixty days after the date of filing, including interest calculated using the interest rate assumed in the going concern valuation or the solvency valuation, as the case may be, calculated for each contribution, payment or amount for the period from the date on which it was due to the date of payment, inclusive.
2020-51
Payment equal to or greater than special payments
41(1)If an employer or a person required to make contributions on behalf of an employer makes a payment during the period covered by the most recently filed actuarial valuation report that equals or exceeds the total of all the special payments referred to in paragraphs 36(1)(b) and (c) or subsection 36(5) during the subsequent thirty-six months, including the month in which the payment is made, paragraphs 36(1)(b) and (c) do not or subsection 36(5) does not apply to the employer or person contributing during the period commencing on the first day of the month following the month in which the payment is made and ending on the earlier of
(a) the last day of the thirty-fifth subsequent month, and
(b) the review date of the actuarial valuation report first filed after the most recently filed actuarial valuation report.
Non-payment of contributions before filing of valuation report
41(2)Subject to subsection (1), if an actuarial valuation report filed under this Regulation establishes that an employer or a person required to make contributions on behalf of an employer has not paid any or all contributions, payments or amounts in conformity with subsections 35(2) and (3) or 37(2) and (3) before the date of filing, the employer or person required to make contributions on behalf of the employer shall pay all those contributions, payments and amounts into the pension fund within sixty days after the date of filing, including interest calculated using the interest rate assumed in the going concern valuation or the solvency valuation, as the case may be, calculated for each contribution, payment or amount for the period from the date on which it was due to the date of payment, inclusive.
Payment equal to or greater than special payments
41(1)If an employer or a person required to make contributions on behalf of an employer makes a payment during the period covered by the most recently filed actuarial valuation report that equals or exceeds the total of all the special payments referred to in paragraphs 36(1)(b) and (c) or subsection 36(5) during the subsequent thirty-six months, including the month in which the payment is made, paragraphs 36(1)(b) and (c) do not or subsection 36(5) does not apply to the employer or person contributing during the period commencing on the first day of the month following the month in which the payment is made and ending on the earlier of
(a) the last day of the thirty-fifth subsequent month, and
(b) the review date of the actuarial valuation report first filed after the most recently filed actuarial valuation report.
Non-payment of contributions before filing of valuation report
41(2)Subject to subsection (1), if an actuarial valuation report filed under this Regulation establishes that an employer or a person required to make contributions on behalf of an employer has not paid any or all contributions, payments or amounts in conformity with subsections 35(2) and (3) or 37(2) and (3) before the date of filing, the employer or person required to make contributions on behalf of the employer shall pay all those contributions, payments and amounts into the pension fund within sixty days after the date of filing, including interest calculated using the interest rate assumed in the going concern valuation or the solvency valuation, as the case may be, calculated for each contribution, payment or amount for the period from the date on which it was due to the date of payment, inclusive.