GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Steel Goods and Aluminum Goods Surtax Order — 4
Surtax — aluminum goods 4 (1) Aluminum goods that contain aluminum smelted and cast in China are subject to a surtax in the amount of 25% of the value for duty determined in accordance with sections 47 to 55 of the Customs Act . Deeming (2) Aluminum goods are deemed to contain aluminum smelted and cast in China if the importer fails to provide, when requested by an officer, a certificate that demonstrates that (a) the largest volume — and, if any, second largest volume — of primary aluminum contained in the goods was produced in a country other than China; and (b) the aluminum contained in the goods was most recently liquified and cast into a solid state in a country other than China. SOR/2025-154, s. 7
Steel Goods and Aluminum Goods Surtax Order — 5
Exceptions 5 Despite sections 3 and 4 , the following steel goods and aluminum goods are not subject to the surtax: (a) goods that are accounted for under subsection 32(1), (3) or (5) of the Customs Act in a single declaration and that have a cumulative value for duty of $5000 or less; (b) goods that are subject to a surtax under the China Surtax Order (2024) ; (c) goods that are casual goods , as defined in section 2 of the Persons Authorized to Account for Casual Goods Regulations ; (d) goods that are classified under a tariff item of Chapter 98 of the List of Tariff Provisions, even if the goods are otherwise classifiable under a tariff item set out in the schedule; (e) goods that originate in the United States, as determined in accordance with the Determination of Country of Origin for the Purpose of Marking Goods (CUSMA Countries) Regulations ; and (f) goods that are in transit to Canada on the day on which this Order comes into force.
Steel Goods and Aluminum Goods Surtax Order — 8
Registration 8 (1) Subject to subsection (2), this Order comes into force on July 31, 2025, but if it is registered after that day, it comes into force on the day on which it is registered. September 22, 2025 (2) Sections 6 and 7 come into force on September 22, 2025.
Canada Deposit Insurance Corporation Differential Premiums By-law — a
The Board of Directors of the Canada Deposit Insurance Corporation makes the annexed Canada Deposit Insurance Corporation Differential Premiums By-law under subsection 21(2) a of the Canada Deposit Insurance Corporation Act b . a S.C. 1996, c. 6, s. 27 b R.S., c. C-3 Ottawa, August 25, 2025
Canada Deposit Insurance Corporation Differential Premiums By-law — a
The Minister of Finance, under subsection 21(3) a of the Canada Deposit Insurance Corporation Act b , approves the annexed Canada Deposit Insurance Corporation Differential Premiums By-law , made by the Board of Directors of the Canada Deposit Insurance Corporation. a S.C. 1996, c. 6, s. 27 b R.S., c. C-3
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
Ottawa, August 25, 2025 Le ministre des Finances, François-Philippe Champagne Minister of Finance
Canada Deposit Insurance Corporation Differential Premiums By-law — 1
Definitions 1 The following definitions apply in this By-law. Act means the Canada Deposit Insurance Corporation Act . ( Loi ) fall return means a return referred to in paragraph 5 (1)(a). ( déclaration automnale ) new , with respect to a member institution, means that the member institution has been operating as a member institution for less than two full premium years and, if it was formed by an amalgamation, none of its amalgamating institutions were member institutions immediately before the amalgamation. ( nouvelle ) spring return means a return referred to in paragraph 5 (1)(b). ( déclaration printanière ) stage of intervention means a stage of intervention that is assigned as a result of an assessment carried out in accordance with the Guide to Intervention for Federally Regulated Deposit-Taking Institutions , published by the Office of the Superintendent of Financial Institutions, as amended from time to time. ( stade d’intervention ) subsidiary has the same meaning as in section 2 of the Bank Act . ( filiale )
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
Act means the Canada Deposit Insurance Corporation Act . ( Loi )
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
fall return means a return referred to in paragraph 5 (1)(a). ( déclaration automnale )
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
new , with respect to a member institution, means that the member institution has been operating as a member institution for less than two full premium years and, if it was formed by an amalgamation, none of its amalgamating institutions were member institutions immediately before the amalgamation. ( nouvelle )
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
spring return means a return referred to in paragraph 5 (1)(b). ( déclaration printanière )
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
stage of intervention means a stage of intervention that is assigned as a result of an assessment carried out in accordance with the Guide to Intervention for Federally Regulated Deposit-Taking Institutions , published by the Office of the Superintendent of Financial Institutions, as amended from time to time. ( stade d’intervention )
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
subsidiary has the same meaning as in section 2 of the Bank Act . ( filiale )
Canada Deposit Insurance Corporation Differential Premiums By-law — 2
 its spring return to the Corporation; and K is the number of days in the premium year. Exception — 2026–2027 premium year (4) Despite subsection (1), for the purposes of paragraphs 21(1)(a) and 23(1)(a) of the Act, the annual premium for a member institution for the premium year that begins on May 1, 2026 is the greater of (a) $5,000, and (b) the result determined in accordance with the formula A × B × D where A is the percentage referred to in the description of A in paragraph (1)(b), B is the amount referred to in the description of B in paragraph (1)(b), and D is the percentage referred to in the description of D in paragraph (1)(b) or, if the member institution’s spring return is submitted after April 30 of the calendar year in which the premium year begins but before July 3 of the premium year, the result of the formula in subsection (3).
Canada Deposit Insurance Corporation Differential Premiums By-law — 3
Corporation’s obligation 3 (1) The Corporation must, not later than January 15 and July 15 of each year, notify every member institution of the premium category in which the member institution is, as of those dates, to be classified in accordance with subsections (2) to (8). Determination (2) Subject to subsections (3) to (8), the premium category in which a member institution is to be classified as of January 15 or July 15 is the category set out in column 1 of Schedule 1 that corresponds to the member institution’s total score set out in column 2, as determined under section 4 for the purpose of its classification as of that date. Exception — new member institution (3) A new member institution must be classified in premium category 2 unless it (a) has been assigned a stage of intervention; (b) is a bridge institution; (c) is a subsidiary of another member institution; or (d) has a subsidiary that is a member institution that is not new. Exception — stage of intervention (4) A new member institution that has been assigned a stage of intervention must, unless it is also a member institution referred to in paragraph (3)(c) or (d), be classified in premium category 3. Exception — bridge institution (5) A member institution that is a bridge institution must be classified in premium category 1. Exception — subsidiary of member institution (6) A member institution that is a subsidiary of another member institution must be classified in the same premium category in which the member institution of which it is a subsidiary is classified, unless that member institution is new and the subsidiary member institution is not new. Exception — amalgamation of new member institutions (7) A member institution that was formed by an amalgamation must, if all of its amalgamating member institutions would be new if they were still operating, be classified in (a) premium category 2; or (b) premium category 3, if the amalgamated member institution has been assigned a stage of intervention. Exception — return not submitted (8) A member institution must be classified in premium category 5 if (a) in the case of a January 15 classification, the member institution has not submitted before that date any fall return that it was required to submit in the previous calendar year; or (b) in the case of a July 15 classification, the member institution has not submitted before July 3 any spring return that it was required to submit in that calendar year.
Canada Deposit Insurance Corporation Differential Premiums By-law — 4
Calculation 4 (1) A member institution’s total score is equal to the sum of (a) for the purpose of its classification as of January 15 of a calendar year, (i) its fall quantitative score for the premium year that begins in that calendar year, as determined under subsection 7 (1), (2) or (3), and (ii) its fall qualitative score for the premium year that begins in that calendar year, as determined under section 10 ; or (b) for the purpose of its classification as of July 15 of a calendar year, (i) its spring quantitative score for the premium year that begins in that calendar year, as determined under subsection 7 (1), (2) or (4), and (ii) its spring qualitative score for the premium year that begins in that calendar year, as determined under section 10 . Exception — parent of not new subsidiary (2) Despite subsection (1), the total score for a member institution that started operating as a member institution during the premium year that ends in the calendar year in which the classification occurs, that was not formed by an amalgamation involving a member institution and that has at least one subsidiary that is a member institution that meets the following requirements is equal to the highest total score of any such subsidiary: (a) the subsidiary is not new; (b) the subsidiary was not, on the day before the day on which the member institution started to operate as a member institution, a subsidiary of another member institution; and (c) the subsidiary is not, on the day on which the classification occurs, a subsidiary of another member institution.
Canada Deposit Insurance Corporation Differential Premiums By-law — 6
Assignment of scores 6 The Corporation must assign to a member institution that submits a fall return before January 15 of the calendar year after the calendar year in which it is due or a spring return before July 3 of the calendar in which it is due, for each factor set out in column 1 of Schedule 2, the score set out in column 3 that corresponds to the description set out in column 2 that, on the basis of the following information, applies to the member institution: (a) in the case of a fall return, the information that is provided in that return or in any revised fall return referred to in subparagraph 5 (1)(e)(i) that it submits before January 15 of the calendar year after the calendar year in which the fall return is due; and (b) in the case of a spring return, the information that is provided in that return or in any revised spring return referred to in subparagraph 5 (1)(e)(i).
Canada Deposit Insurance Corporation Differential Premiums By-law — 7
Quantitative score 7 (1) A member institution’s fall quantitative score for a premium year is, subject to subsections (2) and (3), equal to the sum of the scores assigned to the member institution under paragraph 6 (a) on the basis of the fall return that is due in the previous premium year or, if applicable, the revised fall return. Its spring quantitative score for a premium year is, subject to subsections (2) and (4), equal to the sum of the scores assigned to it under paragraph 6 (b) on the basis of the spring return that is due in the previous premium year or, if applicable, the revised spring return. Exceptions (2) A member institution’s fall or spring quantitative score is equal to the corresponding sum referred to in subsection (1) multiplied by (a) one and one fifth, if the member institution has operated as a member institution for less than five full financial years as of the day on which the return on which the score is based is due; (b) one and one fifth, if the member institution was formed by an amalgamation involving two or more member institutions and has operated as a member institution for less than three full financial years as of the day on which the return on which the score is based is due; (c) one and one eleventh, if the member institution has been operating as a member institution for at least five but less than six full financial years as of the day on which the return on which the score is based is due; or (d) one and one eleventh, if the member institution was formed by an amalgamation involving two or more member institutions and has been operating as a member institution for at least three but less than four full financial years as of the day on which the return on which the score is based is due. Recently amalgamated institution — fall score (3) The fall quantitative score for a premium year of a member institution that was formed during the previous premium year by an amalgamation involving at least one member institution is equal to the highest fall quantitative score of any of its amalgamating institutions that are member institutions if (a) the amalgamated institution has a financial year that ends on October 31; or (b) the amalgamated institution has a financial year that ends on December 31 and the amalgamation occurred after June 30 of the previous premium year. Recently amalgamated institution — spring score (4) The spring quantitative score for a premium year of a member institution that was formed during the previous premium year by an amalgamation involving at least one member institution is equal to the highest spring quantitative score of any of its amalgamating institutions that are member institutions if the amalgamation occurred (a) after October 31 of the previous premium year, in the case of an amalgamated institution with a financial year that ends on October 31; or (b) after December 31 of the previous premium year, in the case of an amalgamated institution with a financial year that ends on December 31.
Canada Deposit Insurance Corporation Differential Premiums By-law — 9
esses or deficiencies of the member institution that, if left unaddressed, are very likely to lead to the failure of the member institution. Other member institutions (3) The Corporation must, on January 15 of each calendar year on the basis of information available to the Corporation on November 1 of the previous calendar year and on July 15 of each calendar year on the basis of information available to the Corporation on May 1 of that calendar year, assign one of the following scores to each member institution that is not a domestic systemically important bank if the member institution has, for the premium year that begins in that calendar year, a fall quantitative score under section 7 in the case of the January 15 assignment or a spring quantitative score under that section in the case of the July 15 assignment: (a) 15, if the member institution is compliant with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law and has not been notified that it is subject to enhanced monitoring by the Corporation; (b) 8, if the member institution is compliant with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law and has been notified that it is subject to enhanced monitoring by the Corporation because information has come to the attention of the Corporation about financial or regulatory weaknesses or deficiencies of the member institution that, if left unaddressed, could lead to the failure of the member institution; (c) 5, if the member institution is non-compliant with any of sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law and has not been notified that it is subject to enhanced monitoring by the Corporation; or (d) 0, if (i) the member institution is non-compliant with any of sections 2 to 4 the Canada Deposit Insurance Corporation Data and System Requirements By-law and has been notified that it is subject to enhanced monitoring by the Corporation because information has come to the attention of the Corporation about financial or regulatory weaknesses or deficiencies of the member institution that, if left unaddressed, could lead to the failure of the member institution, or (ii) the member institution has been notified that it is subject to enhanced monitoring by the Corporation because information has come to the attention of the Corporation about financial or regulatory weaknesses or deficiencies of the member institution that, if left unaddressed, are very likely to lead to the failure of the member institution. Deemed compliance (4) For the purposes of subsections (2) and (3), a member institution that has been a member institution for 18 months or less on the November 1 or May 1 referred to in those subsections is deemed to be compliant on that date with sections 2 to 4 of the Canada Deposit Insurance Corporation Data and System Requirements By-law .
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
materially non-compliant has the meaning assigned by paragraph 11(4)(c) of the Canada Deposit Insurance Corporation Resolution Planning By-law . ( sensiblement non conforme )
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
partially non-compliant has the meaning assigned by paragraph 11(4)(b) of the Canada Deposit Insurance Corporation Resolution Planning By-law . ( partiellement non conforme )
Canada Deposit Insurance Corporation Differential Premiums By-law — Canada Deposit Insurance Corporation Differential Premiums By-law
resolution plan has the same meaning as in section 1 of the Canada Deposit Insurance Corporation Resolution Planning By-law . ( plan de règlement )
Canada Deposit Insurance Corporation Differential Premiums By-law — 10
Calculation 10 A member institution’s fall qualitative score for a premium year is equal to the sum of the scores assigned to the member institution under subsection 8 (2) or (3) and section 9 on January 15 of the calendar year in which that premium year begins. Its spring qualitative score for a premium year is equal to sum of the scores assigned to it under subsection 8 (4) or (5) and section 9 on July 15 of that premium year.
Canada Deposit Insurance Corporation Differential Premiums By-law — 11
Fall return after January 14 11 If a member institution submits a fall return after January 14 but not later than July 2 of the calendar year after the calendar year in which it was due or submits a revised fall return referred to in subparagraph 5 (1)(e)(i) during that period (a) the Corporation must re-assign to the member institution the scores assigned on the basis of the information referred to in paragraph 6 (a) and, if applicable, the score referred to in paragraph 8 (2)(b) as if the return had been submitted on or before January 14; (b) the member institution’s fall quantitative and qualitative scores must be redetermined as if the updated scores referred to in paragraph (a) had been assigned on January 15; (c) the fall quantitative and qualitative scores of any other member institution that were dependent on the member institution’s scores must be redetermined on the basis of the updated scores; and (d) if any member institution’s total score under paragraph 4 (1)(a) or subsection 4 (2), when determined using the revised fall quantitative and qualitative scores, corresponds to a different premium category than the one in which it was originally classified as of January 15, that different premium category becomes the one in which the member institution is classified as of that date and the Corporation must notify the member institution of that premium category within 45 days after the day on which the late or revised return is submitted and, in any event, not later than July 15 of that calendar year.
Canada Deposit Insurance Corporation Differential Premiums By-law — 12
Existing new member institution 12 The references to “premium category 2” in the following provisions are to be read, in relation to a member institution that became a member institution before the day on which this By-law comes into force, as “premium category 1”: (a) clause (iii)(A) of the description of C and clause (ii)(A) of the description of D in the formula in paragraph 2 (1)(b); (b) subsection 3 (3); and (c) paragraph 3 (7)(a).
Canada Deposit Insurance Corporation Differential Premiums By-law — 13
Existing new staged member institution 13 The references to “premium category 3” in clause (iii)(B) of the description of C and clause (ii)(B) of the description of D in the formula in paragraph 2 (1)(b) are to be read, in relation to a member institution that became a member institution before the day on which this By-law comes into force, as “premium category 1”.
Canada Deposit Insurance Corporation Differential Premiums By-law — 20
20 The Canada Deposit Insurance Corporation Differential Premiums By-law 3 is repealed. 3 SOR/99-120
Canada Deposit Insurance Corporation Differential Premiums By-law — 21
April 29, 2026 21 (1) Subject to subsection (2), this By-law comes into force on April 29, 2026. Exception (2) Section 14 comes into force on July 16, 2026.
Canada Deposit Insurance Corporation Differential Premiums By-law — (a)
(a) ≥ 110% of the Minimum TLAC Leverage Ratio
Canada Deposit Insurance Corporation Differential Premiums By-law — (b)
(b) ≥ 100% and < 110% of the Minimum TLAC Leverage Ratio
Canada Deposit Insurance Corporation Differential Premiums By-law — (c)
(c) < 100% of the Minimum TLAC Leverage Ratio
Canada Deposit Insurance Corporation Differential Premiums By-law — (a)
(a) CET1 Capital Ratio is ≥ Supervisory Target CET1 Capital Ratio and Risk-based TLAC Ratio is ≥ Supervisory Target Risk-based TLAC Ratio
Canada Deposit Insurance Corporation Differential Premiums By-law — (b)
(b) Either CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio or Risk-based TLAC Ratio is < Supervisory Target Risk-based TLAC Ratio
Canada Deposit Insurance Corporation Differential Premiums By-law — (c)
(c) CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio and Risk-based TLAC Ratio is < Supervisory Target Risk-based TLAC Ratio
Canada Deposit Insurance Corporation Differential Premiums By-law — (a)
(a) ≥ 110% of the Authorized Leverage Ratio
Canada Deposit Insurance Corporation Differential Premiums By-law — (b)
(b) ≥ 100% and < 110% of the Authorized Leverage Ratio
Canada Deposit Insurance Corporation Differential Premiums By-law — (c)
(c) < 100% of the Authorized Leverage Ratio
Canada Deposit Insurance Corporation Differential Premiums By-law — (a)
(a) CET1 Capital Ratio is ≥ Supervisory Target CET1 Capital Ratio and Total Capital Ratio is ≥ Supervisory Target Total Capital Ratio
Canada Deposit Insurance Corporation Differential Premiums By-law — (b)
(b) CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio or Total Capital Ratio is < Supervisory Target Total Capital Ratio
Canada Deposit Insurance Corporation Differential Premiums By-law — (c)
(c) CET1 Capital Ratio is < Supervisory Target CET1 Capital Ratio and Total Capital Ratio is < Supervisory Target Total Capital Ratio