Canada Pension Plan — C-8 113.1
onsistent with common actuarial practice to fully pay any unfunded liability resulting from the increased or new benefits. Recommendations made on completion of review (5) On the completion of a review required by subsection (1), the Minister of Finance may recommend to the Governor in Council that the Governor in Council make regulations under subsection (6) to amend Schedule 1 or 2 to give effect to any recommendations made under subsection (1). If the recommendations made under subsection (1) are that no changes be made to benefits, contribution rates, first additional contributions rates or second additional contribution rates, the Minister of Finance shall cause those recommendations to be published in the Canada Gazette . Regulation to change rates (6) Subject to subsections (7) and (8), the Governor in Council may, on the recommendation of the Minister of Finance made under subsection (5), by regulation amend Schedule 1 or 2 to change the contribution rates, first additional contribution rates or second additional contribution rates for any or all of the years following the review. Limitation on changes (7) The following shall apply with respect to any changes to and setting of the rates under subsection (6): (a) the rates for employees and employers for a year must be identical; (b) the rates for self-employed persons for a year must be equal to the sum of the rates for employees and employers for that year; (c) no rate for employees and employers for a year may be increased by more than one-tenth of a percentage point above the rate for the previous year; and (d) no rate for self-employed persons for a year may be increased by more than two-tenths of a percentage point above the rate for the previous year. Coming into force of regulation (8) Where a review takes place in a three year period as required by subsection (1) and the Governor in Council before October 1 of the third year of that period makes a regulation under subsection (6), the regulation shall, by order made by the Governor in Council, come into force, or is deemed to have come into force, on January 1 of the year after that period. Provincial consent required (8.1) An order made under subsection (8) may not be made unless the lieutenant governor in council of each of at least two thirds of the included provinces, having in total not less than two thirds of the population of all of the included provinces, has, before the October 1 date referred to in that subsection, signified the consent of that province to the coming into force of the regulation. Exemption from Statutory Instruments Act (9) A regulation made pursuant to subsection (6) is exempt from the application of sections 3, 5 and 11 of the Statutory Instruments Act . Publication in Canada Gazette (10) Forthwith on the coming into force of any regulation made pursuant to subsection (6), the Minister of Finance shall cause a copy thereof to be published in the Canada Gazette . (11) to (11.04) [Repealed, 2007, c. 11, s. 12] Insufficient rates (11.05) Subject to subsections (11.12) and (11.13), if, at October 1 of the year before a three-year period for which a review is required by subsection (1), the contribution rate for self-employed persons for the years in that three-year period less the contribution rate most recently calculated under subparagraph 115(1.1)(c)(ii) is less than the contribution rate most recently calculated under subparagraph 115(1.1)(c)(i) for self-employed persons for those years, (a) the amount of the benefits payable in respect of the base Canada Pension Plan in the three-year period shall be determined as if the ratios referred to in paragraphs 45(2)(b) and 56(2)(c), subsection 58(1.1) and subparagraph 59(c)(ii) were each 1; and (b) Schedule 1 is deemed to have been amended as of the next day after that October 1 (i) to increase the contribution rate for employees and employers for each year after that October 1 to the rate determined under subsections (11.07) to (11.11) fo