45 (1) The Lieutenant Governor in Council may make regulations, (a)  Repealed:  1997, c. 19, s. 11 (2). (b) requiring any person to make information returns respecting any class of information required in assessing compliance with this Act; (c) defining any word or expression used in this Act that has not already been expressly defined in this Act; (d) prescribing conditions that a corporation must meet prior to registration; (e) prescribing the method of determining the amount of equity capital of an investment corporation; (f) prescribing the method of calculation to be used in determining the percentage of wages and salaries paid in Ontario for the purposes of determining whether an investment is an eligible investment or a business is an eligible business; (g), (h)  Repealed:  2011, c. 9, Sched. 7, s. 7. (i) prescribing any rate of interest that is to be prescribed or the method by which the rate and the interest are to be calculated; (j)  Repealed:  2011, c. 9, Sched. 7, s. 7. (k) prescribing any matter required or permitted by this Act to be prescribed by the regulations; (k.1) prescribing circumstances in which the period of eight years set out in subsection 14.1 (1) does not apply, providing that a period less than eight years applies and prescribing rules for determining when a period of less than eight years applies and the length of the period of time that applies for the purposes of section 14.1 in respect of a labour sponsored investment fund corporation or a class of labour sponsored investment fund corporations; (k.2) prescribing circumstances in which a new investment by a labour sponsored investment fund in a taxable Canadian corporation or Canadian partnership that was previously an eligible business for the purposes of Part III but is no longer an eligible business will be an eligible investment for the purposes of that Part; (k.3) prescribing circumstances in which the period of 24 months set out in subsection 17 (3) does not apply, providing that a period of more than 24 months applies and prescribing rules for determining when a period of more than 24 months applies and the length of the period that applies in respect of a labour sponsored investment fund corporation or a class of labour sponsored investment fund corporations; (k.4) prescribing circumstances in which the period of 24 months set out in clause 21 (2.1) (a) does not apply, providing that a period of more than 24 months applies and prescribing rules for determining when a period of more than 24 months applies and the length of the period that applies in respect of a labour sponsored investment fund corporation or a class of labour sponsored investment fund corporations; (l) providing that the amount of the tax credit in respect of any of the 1997 or a subsequent taxation year shall not be determined in accordance with paragraph 5 of subsection 25 (4) and prescribing the rules for determining the tax credit for that year; (m) providing that the tax payable under subsection 28 (3) shall not be equal to the amount determined by the formula set out in that subsection and prescribing the rules for determining the tax payable under that subsection; (n) providing that the required investment level for labour sponsored investment fund corporations under subsection 17 (1) shall not be determined using the formula in that subsection and subsection 17 (2) or the rule set out in subsection 17 (3) and prescribing rules for determining the required investment level; (o) prescribing circumstances in which a labour sponsored investment fund corporation may apply to the Minister for an order that failure to comply with a prescribed provision of the Act or the regulations does not preclude an investment by the corporation from being an eligible investment; (p) prescribing entities or classes of entities that are eligible investors for the purposes of Part III.2; (q), (r) Repealed:  2006, c. 9, Sched. C, s. 15 (2). (s) prescribing an amount in excess of $20 million for the purposes of subsection 20 (2) and providing that the prescribed amount applies for the purposes of that subsection instead of $20 million; (t) exempting any person, class of persons or class of shares of a labour sponsored investment fund corporation, in whole or in part, with or without conditions, from this Act, the Business Corporations Act, the Securities Act or a regulation made under any of those Acts, if the Minister determines that the person, class of persons or class of shares complies with the intent of this Act; (u) varying the application of this Act in respect of any person, class of persons or class of shares of a labour sponsored investment fund corporation, if the Minister determines that the person, class of persons or class of shares complies with the intent of this Act.  1992, c. 18, s. 45 (1); 1996, c. 24, s. 10; 1997, c. 19, s. 11 (2); 1997, c. 43, Sched. C, ss. 21, 23 (1); 2004, c. 16, s. 1 (2); 2005, c. 28, Sched. C, s. 6 (1); 2005, c. 31, Sched. 3, s. 6 (1); 2006, c. 9, Sched. C, s. 15 (1-3). Idem (2) The Minister may make regulations, (a)  Repealed:  1997, c. 19, s. 11 (2). (b) prescribing any matter required or permitted by this Act to be prescribed by the Minister.  1992, c. 18, s. 45 (2); 1997, c. 19, s. 11 (2); 2004, c. 16, s. 1 (2). (3) Repealed:  2011, c. 9, Sched. 7, s. 7. Idem, retroactivity (4) A regulation is, if it so provides, effective with reference to a period before it was filed.  1992, c. 18, s. 45 (4); 2004, c. 16, s. 1 (2). (5) Repealed:  2006, c. 9, Sched. C, s. 15 (4). General or particular (6) A regulation made under this Act may be general or particular.  2005, c. 31, Sched. 3, s. 6 (2). Note: Subsection 45 (6) was enacted as subsection 45 (5) in source law, Statutes of Ontario, 2005, chapter 31, Schedule 3, subsection 6 (2).  The subsection is renumbered in this consolidation to distinguish it from existing subsection 45 (5), enacted by Statutes of Ontario 2005, chapter 28, Schedule C, subsection 6 (2). Section Amendments with date in force (d/m/y) 1994, c. 17, s. 95 (1) - 20/05/1993; 1994, c. 17, s. 95 (2, 3) - 6/05/1994; 1996, c. 24, s. 10 - 7/05/1996; 1997, c. 19, s. 11 (2) - 10/10/1997; 1997, c. 43, Sched. C, s. 21, 23 (1) - 7/05/1997 2004, c. 16, s. 1 (2) - 1/01/2004 2005, c. 28, Sched. C, s. 6 - 12/12/2005; 2005, c. 31, Sched. 3, s. 6 - 15/12/2005 2006, c. 9, Sched. C, s. 15 - 18/05/2006 2011, c. 9, Sched. 7, s. 7 - 12/05/2011