18 (1) In this section, “institution” means a bank, credit union, trust corporation or other similar organization.  R.S.O. 1990, c. E.11, s. 18 (1). Notice by Minister (2) Where the Minister has knowledge or suspects that a person is or will be, within one year, liable to make a payment to a taxpayer who is liable to make a payment under this Act, the Minister may, by a written notice, require the person to pay forthwith, where the money is immediately payable, and, in any other case, as and when the money becomes payable, the money otherwise payable to the taxpayer in whole or in part to the Minister on account of the taxpayer’s liability under this Act.  1994, c. 8, s. 18 (1); 2001, c. 23, s. 81. Same (3) If the Minister has knowledge or suspects that within one year, (a) an institution will loan or advance money to, or make a payment on behalf of, or make a payment in respect of a negotiable instrument issued by a taxpayer who is indebted to the institution and who has granted security in respect of the indebtedness; or (b) a person other than an institution will loan or advance money to, or make a payment on behalf of, a taxpayer who the Minister knows or suspects, (i) is engaged in providing services or property to that person, or was or will be within one year, or (ii) where that person is a corporation that is not dealing at arm’s length with the taxpayer, the Minister may, by a written notice, require the institution or the person, as the case may be, to pay in whole or in part to the Minister, on account of the taxpayer’s liability under this Act, the money that would otherwise be loaned, advanced or paid, and any money paid to the Minister shall be deemed to have been loaned, advanced or paid, as the case may be, to the taxpayer.  1994, c. 8, s. 18 (1); 2004, c. 16, Sched. D, Table; 2011, c. 9, Sched. 13, s. 1. Same (4) Where, under this section, the Minister has required a person to pay money otherwise payable by the person to a taxpayer as interest, rent, a dividend, an annuity payment, or other periodic payment, (a) the requirement shall apply to all periodic payments to be made by the person to the taxpayer after the date the person receives the Minister’s written notice, until the taxpayer’s liability under this Act has been satisfied; and (b) the payments required to be made to the Minister shall be made from each periodic payment in the amount or amounts designated in the Minister’s written notice.  1994, c. 8, s. 18 (1). Receipt of the Minister (5) The receipt of the Minister for money paid as required under this section is a good and sufficient discharge of the original liability to the extent of the payment.  1994, c. 8, s. 18 (1). Liability for failure to comply (6) Every person who fails to comply with a requirement under subsection (2), (3) or (4) is liable to pay to the Crown in right of Ontario an amount equal to the amount that the person was required under subsection (2), (3) or (4), as applicable, to pay to the Minister.  R.S.O. 1990, c. E.11, s. 18 (6); 1994, c. 8, s. 18 (2). Idem (7) Every institution or person who fails to comply with a requirement under subsection (2), (3) or (4) with respect to money to be loaned, advanced or paid is liable to pay to the Crown in right of Ontario an amount equal to the lesser of, (a) the aggregate of money so loaned, advanced or paid; or (b) the amount that the institution or person was required by subsection (2), (3) or (4) to pay to the Minister.  R.S.O. 1990, c. E.11, s. 18 (7); 1994, c. 8, s. 18 (3). Wages Act (8) This section is subject to the Wages Act.  R.S.O. 1990, c. E.11, s. 18 (8). Section Amendments with date in force (d/m/y) 1994, c. 8, s. 18 (1) - 01/01/1993; 1994, c. 8, s. 18 (2, 3) - 23/06/1994 2001, c. 23, s. 81 - 05/12/2001 2004, c. 16, Sched. D, Table - 01/01/2004 2011, c. 9, Sched. 13, s. 1 (1, 2) - 12/05/2011