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{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "1",
"marginal_note": "Short title",
"part": "",
"division": "",
"heading": "Short Title",
"history": "R.S., c. F-10, s. 1",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-1.html",
"id": "F-11-s1",
"text": "1 This Act may be cited as the Financial Administration Act.",
"citation": "FAA, s. 1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "2",
"marginal_note": "Definitions",
"part": "",
"division": "",
"heading": "Interpretation",
"history": "R.S., 1985, c. F-11, s. 2; R.S., 1985, c. 1 (4th Supp.), s. 25; 1991, c. 24, s. 50(F); 1992, c. 1, ss. 69, 143(E); 1995, c. 17, s. 57; 1999, c. 31, s. 98(F); 2003, c. 22, s. 224(E); 2004, c. 7, s. 8; 2006, c. 9, s. 7; 2015, c. 36, s. 125; 2017, c. 20, s. 160",
"last_amended": "2017-09-21",
"in_force": "2017-09-21",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-2.html",
"id": "F-11-s2-p1",
"text": "2 In this Act,\nappropriate Minister means,\n(a) with respect to a department named in Schedule I, the Minister presiding over the department,\n(a.1) with respect to a division or branch of the federal public administration set out in column I of Schedule I.1, the Minister set out in column II of that Schedule,\n(b) with respect to a commission under the Inquiries Act, the Minister designated by order of the Governor in Council as the appropriate Minister,\n(c) with respect to the Senate and the office of the Senate Ethics Officer, the Speaker of the Senate, with respect to the House of Commons, the Board of Internal Economy, with respect to the office of the Conflict of Interest and Ethics Commissioner, the Speaker of the House of Commons, and with respect to the Library of Parliament, the Parliamentary Protective Service and the office of the Parliamentary Budget Officer, the Speakers of the Senate and the House of Commons,\n(c.1) with respect to a departmental corporation, the Minister designated by order of the Governor in Council as the appropriate Minister, and\n(d) with respect to a Crown corporation, the appropriate Minister as defined in subsection 83(1); (ministre compétent)\nappropriation means any authority of Parliament to pay money out of the Consolidated Revenue Fund; (crédit)\nAuditor General of Canada means the officer appointed pursuant to subsection 3(1) of the Auditor General Act; (vérificateur général)\nauthorized agent means any person authorized by the Minister to accept subscriptions for or make sales of securities; (agent agréé)\nConsolidated Revenue Fund means the aggregate of all public moneys that are on deposit at the credit of the Receiver General; (Trésor)\nCrown corporation has the meaning assigned by subsection 83(1); (société d’État)",
"citation": "FAA, s. 2 (part 1 of 4)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "2",
"marginal_note": "Definitions",
"part": "",
"division": "",
"heading": "Interpretation",
"history": "R.S., 1985, c. F-11, s. 2; R.S., 1985, c. 1 (4th Supp.), s. 25; 1991, c. 24, s. 50(F); 1992, c. 1, ss. 69, 143(E); 1995, c. 17, s. 57; 1999, c. 31, s. 98(F); 2003, c. 22, s. 224(E); 2004, c. 7, s. 8; 2006, c. 9, s. 7; 2015, c. 36, s. 125; 2017, c. 20, s. 160",
"last_amended": "2017-09-21",
"in_force": "2017-09-21",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-2.html",
"id": "F-11-s2-p2",
"text": "department means\n(a) any of the departments named in Schedule I,\n(a.1) any of the divisions or branches of the federal public administration set out in column I of Schedule I.1,\n(b) a commission under the Inquiries Act that is designated by order of the Governor in Council as a department for the purposes of this Act,\n(c) the staffs of the Senate, House of Commons, Library of Parliament, office of the Senate Ethics Officer, office of the Conflict of Interest and Ethics Commissioner, Parliamentary Protective Service and office of the Parliamentary Budget Officer, and\n(d) any departmental corporation; (ministère)\ndepartmental corporation means a corporation named in Schedule II; (établissement public)\nfiscal agent means a fiscal agent appointed under Part IV and includes the Bank of Canada; (agent financier)\nfiscal year means the period beginning on April 1 in one year and ending on March 31 in the next year; (exercice)\nMinister means the Minister of Finance; (ministre)\nmoney includes negotiable instruments; (fonds)\nnegotiable instrument includes any cheque, draft, traveller’s cheque, bill of exchange, postal note, money order, postal remittance and any other similar instrument; (effet de commerce)\nnon-certificated security includes a security for which no certificate is issued and a certificated security held within a security clearing and settlement system in the custody of a custodian or nominee; (valeur sans certificat)\nparent Crown corporation has the meaning assigned by subsection 83(1); (société d’État mère)\npublic money means all money belonging to Canada received or collected by the Receiver General or any other public officer in his official capacity or any person authorized to receive or collect such money, and includes\n(a) duties and revenues of Canada,",
"citation": "FAA, s. 2 (part 2 of 4)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "2",
"marginal_note": "Definitions",
"part": "",
"division": "",
"heading": "Interpretation",
"history": "R.S., 1985, c. F-11, s. 2; R.S., 1985, c. 1 (4th Supp.), s. 25; 1991, c. 24, s. 50(F); 1992, c. 1, ss. 69, 143(E); 1995, c. 17, s. 57; 1999, c. 31, s. 98(F); 2003, c. 22, s. 224(E); 2004, c. 7, s. 8; 2006, c. 9, s. 7; 2015, c. 36, s. 125; 2017, c. 20, s. 160",
"last_amended": "2017-09-21",
"in_force": "2017-09-21",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-2.html",
"id": "F-11-s2-p3",
"text": "(b) money borrowed by Canada or received through the issue or sale of securities,\n(c) money received or collected for or on behalf of Canada, and\n(d) all money that is paid to or received or collected by a public officer under or pursuant to any Act, trust, treaty, undertaking or contract, and is to be disbursed for a purpose specified in or pursuant to that Act, trust, treaty, undertaking or contract; (fonds publics)\npublic officer includes a minister of the Crown and any person employed in the federal public administration; (fonctionnaire public)\npublic property means all property, other than money, belonging to Her Majesty in right of Canada; (biens publics)\nregistrar means a registrar appointed under Part IV and includes the Bank of Canada; (agent comptable)\nsecurities means securities of Canada in certificated form or non-certificated securities of Canada, and includes bonds, notes, deposit certificates, non-interest bearing certificates, debentures, treasury bills, treasury notes and any other security representing part of the public debt of Canada; (valeurs ou titres)\nsecurity certificate means a tangible certificate issued by or on behalf of Her Majesty representing part of the public debt of Canada; (certificat de valeur)\ntreasury bill means a bill in certificated form, or a non-certificated security, issued by or on behalf of Her Majesty for the payment of a principal sum specified in the bill to a named recipient or to a bearer at a date not later than twelve months after the date of issue of the bill; (bon du Trésor)",
"citation": "FAA, s. 2 (part 3 of 4)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "2",
"marginal_note": "Definitions",
"part": "",
"division": "",
"heading": "Interpretation",
"history": "R.S., 1985, c. F-11, s. 2; R.S., 1985, c. 1 (4th Supp.), s. 25; 1991, c. 24, s. 50(F); 1992, c. 1, ss. 69, 143(E); 1995, c. 17, s. 57; 1999, c. 31, s. 98(F); 2003, c. 22, s. 224(E); 2004, c. 7, s. 8; 2006, c. 9, s. 7; 2015, c. 36, s. 125; 2017, c. 20, s. 160",
"last_amended": "2017-09-21",
"in_force": "2017-09-21",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-2.html",
"id": "F-11-s2-p4",
"text": "treasury note means a note in certificated form, or a non-certificated security, issued by or on behalf of Her Majesty for the payment of a principal sum specified in the note to a named recipient or to a bearer at a date not later than twelve months after the date of issue of the note. (billet du Trésor)",
"citation": "FAA, s. 2 (part 4 of 4)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "3",
"marginal_note": "Addition to Schedule I.1, II or III",
"part": "",
"division": "",
"heading": "Alteration of Schedules",
"history": "R.S., 1985, c. F-11, s. 3; 1991, c. 24, s. 1; 1992, c. 1, s. 70; 1999, c. 31, s. 99; 2003, c. 22, ss. 3, 224(E); 2006, c. 9, s. 257",
"last_amended": "2006-12-12",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-3.html",
"id": "F-11-s3-p1",
"text": "3\n(1) The Governor in Council may, by order,\n(a) add to Schedule I.1 in column I thereof the name of any division or branch of the federal public administration and in column II thereof opposite that name a reference to the appropriate Minister;\n(a.1) add to Schedule II the name of any corporation established by an Act of Parliament that performs administrative, research, supervisory, advisory or regulatory functions of a governmental nature; and\n(b) add to Part I or II of Schedule III the name of any parent Crown corporation.\n(1.1) [Alteration of Schedule I.1] The Governor in Council may, by order, amend Schedule I.1 by striking out the reference in column II thereof opposite the name of a division or branch of the federal public administration in column I thereof and by substituting therefor another reference in column II thereof opposite that name.\n(1.2) [Idem] The Governor in Council may, by order, delete from Schedule I.1 the name of any division or branch of the federal public administration that has been changed and shall thereupon add the new name of the division or branch to that Schedule.\n(1.3) [Idem] The Governor in Council may, by order, delete from Schedule I.1 the name of any division or branch of the federal public administration that has ceased to exist, become part of another department or otherwise ceased to be a separate division or branch of the federal public administration and the reference to the appropriate Minister.\n(2) [Alteration of Schedule II or III] The Governor in Council may, by order,\n(a) delete from Schedule II the name of any corporation that has been changed and shall, by the same order, add the new name of the corporation to that Schedule; and",
"citation": "FAA, s. 3 (part 1 of 3)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "3",
"marginal_note": "Addition to Schedule I.1, II or III",
"part": "",
"division": "",
"heading": "Alteration of Schedules",
"history": "R.S., 1985, c. F-11, s. 3; 1991, c. 24, s. 1; 1992, c. 1, s. 70; 1999, c. 31, s. 99; 2003, c. 22, ss. 3, 224(E); 2006, c. 9, s. 257",
"last_amended": "2006-12-12",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-3.html",
"id": "F-11-s3-p2",
"text": "(b) delete from Part I or II of Schedule III the name of any parent Crown corporation that has been changed and shall, by the same order, add the new name of the corporation to that Part.\n(3) [Idem] The Governor in Council may, by order, delete from Part I or II of Schedule III the name of any parent Crown corporation that should appear in the other Part and shall, by the same order, add the name of that corporation to the other Part.\n(4) [Restriction] The name of a parent Crown corporation shall not be added to Schedule III, if the Governor in Council is satisfied that the corporation meets the criteria described in paragraph (1)(a.1).\n(5) [Idem] The name of a parent Crown corporation shall not be added to Part II of Schedule III, unless the Governor in Council is satisfied that\n(a) the corporation\n(i) operates in a competitive environment,\n(ii) is not ordinarily dependent on appropriations for operating purposes, and\n(iii) ordinarily earns a return on equity; and\n(b) there is a reasonable expectation that the corporation will pay dividends.\n(6) [Deletion from Schedule II or III] The Governor in Council may, by order,\n(a) delete from Schedule II the name of any corporation that has been dissolved or otherwise has ceased to be a corporation described in paragraph (1)(a.1); and\n(b) delete from Part I or II of Schedule III the name of any corporation that has been dissolved or otherwise has ceased to be a parent Crown corporation.\n(7) [Addition to Schedule IV or V] The Governor in Council may, by order, add to Schedule IV or V the name of any portion of the federal public administration\n(a) to which Part I of the Canada Labour Code does not apply; and",
"citation": "FAA, s. 3 (part 2 of 3)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "3",
"marginal_note": "Addition to Schedule I.1, II or III",
"part": "",
"division": "",
"heading": "Alteration of Schedules",
"history": "R.S., 1985, c. F-11, s. 3; 1991, c. 24, s. 1; 1992, c. 1, s. 70; 1999, c. 31, s. 99; 2003, c. 22, ss. 3, 224(E); 2006, c. 9, s. 257",
"last_amended": "2006-12-12",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-3.html",
"id": "F-11-s3-p3",
"text": "(b) in respect of which a minister of the Crown, the Treasury Board or the Governor in Council is authorized to establish or approve terms and conditions of employment.\n(8) [Transfers between Schedules IV and V] The Governor in Council may, by order, delete the name of any portion of the federal public administration named in Schedule IV or V, in which case the Governor in Council must add the name of that portion to the other one of those two schedules, but the Governor in Council need not do so if that portion\n(a) no longer has any employees; or\n(b) is a corporation that has been excluded from the operation of Part I of the Canada Labour Code.\n(9) [Application of Canada Labour Code] The exclusion of a corporation from the operation of Part I of the Canada Labour Code ceases to have effect if the corporation’s name is deleted from Schedule IV or V without a corresponding addition to the other one of those two schedules.\n(10) [Schedule VI] The Governor in Council may, by order,\n(a) add to Part I of Schedule VI the name of any department named in Schedule I;\n(b) add to Part II or III of Schedule VI the name of any department and a reference to the accounting officer for the department;\n(c) amend Part II or III of Schedule VI by replacing a reference to the accounting officer for a department with a new reference;\n(d) move from Part II to Part III of Schedule VI, or from Part III to Part II of that Schedule, the name of a department and the reference to its accounting officer;\n(e) amend Part I, II or III of Schedule VI by replacing the former name of a department with the new name; and\n(f) delete the name of a department and the reference to its accounting officer from Part I, II or III of Schedule VI, where the department has ceased to exist or become part of another department.",
"citation": "FAA, s. 3 (part 3 of 3)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "4",
"marginal_note": "Tabling order",
"part": "",
"division": "",
"heading": "Alteration of Schedules",
"history": "R.S., 1985, c. F-11, s. 4; 1999, c. 31, s. 100(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-4.html",
"id": "F-11-s4",
"text": "4\n(1) Every order made pursuant to subsection 3(3) that deletes the name of a corporation from Part I of Schedule III and adds it to Part II of that Schedule shall be laid before each House of Parliament within the first fifteen days on which that House is sitting after the order is made.\n(2) [Reference to committee] An order laid before a House of Parliament pursuant to subsection (1) stands referred to such committee of that House as may be designated or established by that House for the purpose.\n(3) [Delay] An order laid before a House of Parliament pursuant to subsection (1) shall come into force on the thirty-first sitting day after the order has been laid before both Houses of Parliament or on such later day as is specified in the order.\n(4) [Definition of sitting day] In this section, sitting day means a day on which either House of Parliament is sitting.",
"citation": "FAA, s. 4"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "5",
"marginal_note": "Treasury Board",
"part": "PART I - Organization",
"division": "",
"heading": "Establishment",
"history": "R.S., c. F-10, s. 3",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-5.html",
"id": "F-11-s5",
"text": "5\n(1) There is hereby established a committee of the Queen’s Privy Council for Canada called the Treasury Board over which the President of the Treasury Board appointed by Commission under the Great Seal shall preside.\n(2) [Composition of committee] The Treasury Board shall, in addition to the President of the Treasury Board, consist of the Minister and four other members of the Queen’s Privy Council for Canada to be nominated from time to time by the Governor in Council.\n(3) [Alternate members] The Governor in Council may nominate such additional members of the Queen’s Privy Council for Canada as he sees fit to be alternates to serve in the place of members of the Treasury Board.\n(4) [Rules and procedures] Subject to this Act and any directions of the Governor in Council, the Treasury Board may determine its own rules and procedures.",
"citation": "FAA, s. 5"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "6",
"marginal_note": "Duties of President",
"part": "PART I - Organization",
"division": "",
"heading": "Public Officers",
"history": "R.S., 1985, c. F-11, s. 6; 1991, c. 24, s. 50(F); 2003, c. 22, s. 5; 2005, c. 15, s. 4; 2010, c. 12, s. 1675; 2018, c. 12, s. 199",
"last_amended": "2018-06-21",
"in_force": "2018-06-21",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-6.html",
"id": "F-11-s6-p1",
"text": "6\n(1) The President of the Treasury Board holds office during pleasure and presides over meetings of the Treasury Board.\n(2) [Secretary of the Treasury Board] The Governor in Council may appoint an officer called the Secretary of the Treasury Board to hold office during pleasure, which officer ranks as and has the powers of a deputy head of a department.\n(2.1) [Chief Human Resources Officer] The Governor in Council may appoint an officer called the Chief Human Resources Officer to hold office during pleasure, who ranks as and has the powers of a deputy head of a department.\n(3) [Comptroller General of Canada] The Governor in Council may appoint an officer called the Comptroller General of Canada to hold office during pleasure, which officer ranks as and has the powers of a deputy head of a department.\n(3.1) [Chief Information Officer of Canada] The Governor in Council may appoint an officer called the Chief Information Officer of Canada to hold office during pleasure, who ranks as and has the powers of a deputy head of a department.\n(4) [Delegation] The Treasury Board may delegate to the President of the Treasury Board, to the Secretary of the Treasury Board, to the Comptroller General of Canada or to the deputy head or chief executive officer of any portion of the federal public administration any of the powers or functions it is authorized to exercise under any Act of Parliament or by any order made by the Governor in Council. It may make the delegation subject to any terms and conditions that it considers appropriate.\n(4.1) [Delegation to Chief Human Resources Officer] The Treasury Board may, subject to any terms and conditions that it considers appropriate, delegate to the Chief Human Resources Officer",
"citation": "FAA, s. 6 (part 1 of 3)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "6",
"marginal_note": "Duties of President",
"part": "PART I - Organization",
"division": "",
"heading": "Public Officers",
"history": "R.S., 1985, c. F-11, s. 6; 1991, c. 24, s. 50(F); 2003, c. 22, s. 5; 2005, c. 15, s. 4; 2010, c. 12, s. 1675; 2018, c. 12, s. 199",
"last_amended": "2018-06-21",
"in_force": "2018-06-21",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-6.html",
"id": "F-11-s6-p2",
"text": "(a) any of the powers or functions in relation to human resources management, official languages, employment equity, and values and ethics that it is authorized to exercise under any Act of Parliament or by any order made by the Governor in Council; or\n(b) any of the powers or functions in relation to employment that it is authorized to exercise under the Public Service Employment Act.\n(4.11) [Delegation to Chief Information Officer of Canada] The Treasury Board may, subject to any terms and conditions that it considers appropriate, delegate to the Chief Information Officer of Canada any of the powers or functions that it is authorized to exercise under any Act of Parliament or by any order made by the Governor in Council, including powers or functions in relation to information technology.\n(4.2) [President of Treasury Board to coordinate activities] The President of the Treasury Board is responsible and accountable for the coordination of the activities of the Secretary of the Treasury Board, the Chief Human Resources Officer, the Comptroller General of Canada and the Chief Information Officer of Canada and may, subject to any terms and conditions that the President of the Treasury Board considers appropriate, delegate that responsibility to the Secretary of the Treasury Board or to any person under the President of the Treasury Board’s jurisdiction.\n(5) [Exception] Subsections (4), (4.1) and (4.11) do not apply in respect of the Treasury Board’s power to delegate under those subsections or to its power to make regulations.",
"citation": "FAA, s. 6 (part 2 of 3)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "6",
"marginal_note": "Duties of President",
"part": "PART I - Organization",
"division": "",
"heading": "Public Officers",
"history": "R.S., 1985, c. F-11, s. 6; 1991, c. 24, s. 50(F); 2003, c. 22, s. 5; 2005, c. 15, s. 4; 2010, c. 12, s. 1675; 2018, c. 12, s. 199",
"last_amended": "2018-06-21",
"in_force": "2018-06-21",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-6.html",
"id": "F-11-s6-p3",
"text": "(6) [Sub-delegation] Any person to whom powers or functions are delegated under subsection (4), (4.1) or (4.11) may, subject to and in accordance with the delegation, sub-delegate any of those powers or functions to any person under their jurisdiction.\n(7) [Officers and employees] The other officers and employees that are necessary for the proper conduct of the business of the Treasury Board are to be appointed in the manner authorized by the Public Service Employment Act.",
"citation": "FAA, s. 6 (part 3 of 3)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "7",
"marginal_note": "Responsibilities of Treasury Board",
"part": "PART I - Organization",
"division": "",
"heading": "Responsibilities and Powers",
"history": "R.S., 1985, c. F-11, s. 7; 1991, c. 24, ss. 2, 49(E); 1998, c. 14, s. 103(F); 2003, c. 22, ss. 6, 224(E); 2006, c. 9, s. 258; 2022, c. 10, s. 255",
"last_amended": "2022-06-23",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-7.html",
"id": "F-11-s7-p1",
"text": "7\n(1) The Treasury Board may act for the Queen’s Privy Council for Canada on all matters relating to\n(a) general administrative policy in the federal public administration;\n(b) the organization of the federal public administration or any portion thereof, and the determination and control of establishments therein;\n(c) financial management, including estimates, expenditures, financial commitments, accounts, fees or charges for the provision of services or the use of facilities, rentals, licences, leases, revenues from the disposition of property, and procedures by which departments manage, record and account for revenues received or receivable from any source whatever;\n(d) the review of annual and longer term expenditure plans and programs of departments, and the determination of priorities with respect thereto;\n(d.1) the management and development by departments of lands, other than Canada Lands as defined in subsection 24(1) of the Canada Lands Surveys Act;\n(e) human resources management in the federal public administration, including the determination of the terms and conditions of employment of persons employed in it;\n(e.1) the terms and conditions of employment of persons appointed by the Governor in Council that have not been established under this or any other Act of Parliament or order in council or by any other means; and\n(e.2) internal audit in the federal public administration;\n(f) such other matters as may be referred to it by the Governor in Council.\n(2) [Authority under other Acts] The Treasury Board may exercise the powers, other than powers of appointment, of the Governor in Council under\n(a) the Public Service Superannuation Act;\n(b) the Canadian Forces Superannuation Act;",
"citation": "FAA, s. 7 (part 1 of 3)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "7",
"marginal_note": "Responsibilities of Treasury Board",
"part": "PART I - Organization",
"division": "",
"heading": "Responsibilities and Powers",
"history": "R.S., 1985, c. F-11, s. 7; 1991, c. 24, ss. 2, 49(E); 1998, c. 14, s. 103(F); 2003, c. 22, ss. 6, 224(E); 2006, c. 9, s. 258; 2022, c. 10, s. 255",
"last_amended": "2022-06-23",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-7.html",
"id": "F-11-s7-p2",
"text": "(c) the Defence Services Pension Continuation Act, chapter D-3 of the Revised Statutes of Canada, 1970;\n(d) Parts I and II of the Royal Canadian Mounted Police Superannuation Act;\n(e) the Royal Canadian Mounted Police Pension Continuation Act, chapter R-10 of the Revised Statutes of Canada, 1970; and\n(f) such of the provisions of any other Act respecting any matter in relation to which the Treasury Board may act for the Queen’s Privy Council for Canada pursuant to subsection (1) as may be specified by the Governor in Council.\n(3) [Delegation] The Governor in Council may, by order, authorize the Treasury Board to exercise all or any of the powers of the Governor in Council under section 41 or subsection 122(1) or (6) and specify the circumstances in which those powers may be exercised.\n(4) [Services to departments, Crown corporations and other entities] The Treasury Board may, in carrying out its responsibilities under subsection (1), provide services to departments and Crown corporations. With the authorization of the Governor in Council, it may also provide these services to a provincial government, a municipality in Canada, a provincial or municipal public body or any other public body performing a function of government in Canada.\n(5) [Access to Information Act] For greater certainty, for the purposes of the Access to Information Act, the records of an entity to which the Treasury Board provides services under subsection (4) that are, on behalf of that entity, contained in or carried on the Treasury Board’s information technology systems are not under the control of the Treasury Board.",
"citation": "FAA, s. 7 (part 2 of 3)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "7",
"marginal_note": "Responsibilities of Treasury Board",
"part": "PART I - Organization",
"division": "",
"heading": "Responsibilities and Powers",
"history": "R.S., 1985, c. F-11, s. 7; 1991, c. 24, ss. 2, 49(E); 1998, c. 14, s. 103(F); 2003, c. 22, ss. 6, 224(E); 2006, c. 9, s. 258; 2022, c. 10, s. 255",
"last_amended": "2022-06-23",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-7.html",
"id": "F-11-s7-p3",
"text": "(6) [Privacy Act] For greater certainty, for the purposes of the Privacy Act, personal information that is collected by an entity to which the Treasury Board provides services under subsection (4) and that is, on behalf of that entity, contained in or carried on the Treasury Board’s information technology systems is not under the control of the Treasury Board.",
"citation": "FAA, s. 7 (part 3 of 3)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "7.1",
"marginal_note": "Group insurance and benefit programs",
"part": "PART I - Organization",
"division": "",
"heading": "Responsibilities and Powers",
"history": "1996, c. 18, s. 3; 2003, c. 22, s. 7(E); 2005, c. 30, ss. 132, 134(E)",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-7.1.html",
"id": "F-11-s7.1",
"text": "7.1\n(1) The Treasury Board may establish or modify any group insurance or other benefit programs for employees of the federal public administration and any other persons or classes of persons it may designate to be members of those programs, may take any measure necessary for that purpose, including contracting for services, may set any terms and conditions in respect of those programs, including those relating to premiums, contributions, benefits, management, control and expenditures and may audit and make payments in respect of those programs, including payments relating to premiums, contributions, benefits and other expenditures.\n(2) [Remainder of Act does not apply] This Act, other than this section, does not apply to any contributions or other payments made or premiums paid by the Treasury Board or the members in respect of any program established or modified pursuant to subsection (1) or any benefits received by the members of such a program.",
"citation": "FAA, s. 7.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "7.2",
"marginal_note": "Incorporation by letters patent",
"part": "PART I - Organization",
"division": "",
"heading": "Responsibilities and Powers",
"history": "2005, c. 30, s. 132",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-7.2.html",
"id": "F-11-s7.2",
"text": "7.2\n(1) On the recommendation of the National Joint Council of the Public Service, the President of the Treasury Board may issue letters patent of incorporation that take effect on the date stated in them for a corporation without share capital that is charged with the administration of any group insurance or benefit program described in subsection 7.1(1).\n(2) [Content of letters patent] The letters patent must set out\n(a) the name of the corporation;\n(b) the programs described in subsection 7.1(1) in respect of which the corporation is charged with the administration;\n(c) the objects and powers of the corporation necessary for it to fulfil its purpose under subsection (1);\n(d) the appointment and the operations of the corporation’s board of directors;\n(e) the corporation’s reporting obligations;\n(f) the corporation’s obligations with respect to audits of its accounts and financial transactions by an independent auditor;\n(g) the code of conduct for the corporation’s directors and officers; and\n(h) any other provision that is necessary to fulfil the corporation’s purpose.\n(3) [Supplementary letters patent] The President of the Treasury Board may, on the recommendation of the National Joint Council of the Public Service, after consulting with the board of directors, issue supplementary letters patent amending the corporation’s letters patent and the supplementary letters patent take effect on the date stated in them.\n(4) [Statutory Instruments Act] The corporation’s letters patent and supplementary letters patent are not regulations within the meaning of the Statutory Instruments Act. However, they must be published in the Canada Gazette.\n(5) [Capacity of a natural person] The corporation has, subject to its letters patent and this Act, the capacity of a natural person.\n(6) [Status of corporation] The corporation is neither a Crown corporation nor an agent of Her Majesty.",
"citation": "FAA, s. 7.2"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "7.3",
"marginal_note": "Board of directors",
"part": "PART I - Organization",
"division": "",
"heading": "Responsibilities and Powers",
"history": "2005, c. 30, s. 132",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-7.3.html",
"id": "F-11-s7.3",
"text": "7.3 The corporation’s board of directors consists of\n(a) one director appointed by the President of the Treasury Board, on the recommendation of the National Joint Council of the Public Service, who is the chairperson;\n(b) one director appointed by the President of the Treasury Board, on the recommendation of the National Joint Council of the Public Service, who, in the opinion of the President, represents the pensioners;\n(c) four directors appointed by the President of the Treasury Board; and\n(d) four directors appointed by that portion of the National Joint Council of the Public Service that represents the employees.",
"citation": "FAA, s. 7.3"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "7.4",
"marginal_note": "Regulations",
"part": "PART I - Organization",
"division": "",
"heading": "Responsibilities and Powers",
"history": "2005, c. 30, s. 132; 2009, c. 23, ss. 327, 353",
"last_amended": "2017-12-31",
"in_force": "2017-12-31",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-7.4.html",
"id": "F-11-s7.4",
"text": "7.4 The Treasury Board may make regulations respecting the governance of the corporation, including regulations that adapt any provisions of the Canada Business Corporations Act and the Canada Not-for-profit Corporations Act and any regulations made under those Acts for the purpose of applying those provisions as adapted to the corporation.",
"citation": "FAA, s. 7.4"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "8",
"marginal_note": "Subject to directions of Governor in Council",
"part": "PART I - Organization",
"division": "",
"heading": "Responsibilities and Powers",
"history": "R.S., c. F-10, s. 5",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-8.html",
"id": "F-11-s8",
"text": "8 The Treasury Board in the exercise of its powers under this Act or any other Act of Parliament is subject to any direction given to it by the Governor in Council, and the Governor in Council may, by order, amend or revoke any action of the Board.",
"citation": "FAA, s. 8"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "9",
"marginal_note": "Form of accounts of Canada",
"part": "PART I - Organization",
"division": "",
"heading": "Responsibilities and Powers",
"history": "R.S., 1985, c. F-11, s. 9; 1991, c. 24, s. 3",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-9.html",
"id": "F-11-s9",
"text": "9\n(1) The Treasury Board may prescribe from time to time the manner and form in which the accounts of Canada and the accounts of the several departments shall be kept, and may direct any person receiving, managing or disbursing public money to keep any books, records or accounts that the Board considers necessary.\n(1.1) [Land management and development records and plans] The Treasury Board may\n(a) require departments to maintain records and prepare plans with respect to the management and development of lands under paragraph 7(1)(d.1); and\n(b) prescribe the manner and form in which the records and plans are to be maintained.\n(2) [Production of documents] The Treasury Board may require from any public officer or any agent of Her Majesty any account, return, statement, document, report or information that the Board considers necessary for the due performance of its duties.\n(3) [Idem] The Treasury Board may require any public officer or agent of Her Majesty to provide a department with such information from any account, return, record, statement, document or report as may be required\n(a) to locate any person in order to collect a debt due to Her Majesty in right of Canada by that person; or\n(b) to set off a debt due to Her Majesty in right of Canada or a province against any sum of money that may be due or payable by Her Majesty in right of Canada.",
"citation": "FAA, s. 9"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "10",
"marginal_note": "Regulations",
"part": "PART I - Organization",
"division": "",
"heading": "Responsibilities and Powers",
"history": "R.S., 1985, c. F-11, s. 10; 1991, c. 24, s. 50(F); 1996, c. 18, s. 4; 2003, c. 22, s. 224(E)",
"last_amended": "2005-04-01",
"in_force": "2005-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-10.html",
"id": "F-11-s10",
"text": "10 Subject to any other Act of Parliament, the Treasury Board may make regulations\n(a) for the purpose of ensuring effective coordination of administrative functions and services among and within departments;\n(b) for the establishment of general administrative standards of performance and respecting the assessment of the performance of portions of the federal public administration in the light of such standards;\n(c) respecting the collection, management and administration of, and the accounting for, public money;\n(d) respecting the keeping of records of public property;\n(d.1) respecting the severance pay or other amounts payable to an employee or former employee whose employment is terminated pursuant to paragraph 11(2)(g.1), and any terms and conditions subject to which and the manner in which those amounts are to be paid;\n(e) for the purposes of any provision of this Act that contemplates regulations of the Treasury Board; and\n(f) for any other purpose necessary for the efficient administration of the federal public administration.",
"citation": "FAA, s. 10"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "11",
"marginal_note": "Definitions",
"part": "PART I - Organization",
"division": "",
"heading": "Human Resources Management",
"history": "R.S., 1985, c. F-11, s. 11; R.S., 1985, c. 9 (1st Supp.), s. 22; 1991, c. 24, s. 50(F); 1992, c. 54, s. 81; 1995, c. 44, s. 51; 1996, c. 18, s. 5; 1999, c. 31, s. 101(F); 2003, c. 22, ss. 8, 264",
"last_amended": "2005-04-01",
"in_force": "2005-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-11.html",
"id": "F-11-s11-p1",
"text": "11\n(1) The following definitions apply in this section and sections 11.1 to 13.\ncore public administration means the departments named in Schedule I and the other portions of the federal public administration named in Schedule IV. (administration publique centrale)\ndeputy head means\n(a) in relation to a department named in Schedule I, its deputy minister;\n(b) in relation to any portion of the federal public administration named in Schedule IV, its chief executive officer or, if there is no chief executive officer, its statutory deputy head or, if there is neither, the person who occupies the position designated under subsection (2) in respect of that portion;\n(c) in relation to a separate agency, its chief executive officer or, if there is no chief executive officer, its statutory deputy head or, if there is neither, the person who occupies the position designated under subsection (2) in respect of that separate agency; and\n(d) in relation to any portion of the federal public administration designated for the purposes of paragraph (d) of the definition public service, its chief executive officer or, if there is no chief executive officer, the person who occupies the position designated under subsection (2) in respect of that portion. (administrateur général)\npublic service means the several positions in or under\n(a) the departments named in Schedule I;\n(b) the other portions of the federal public administration named in Schedule IV;\n(c) the separate agencies named in Schedule V; and\n(d) any other portion of the federal public administration that may be designated by the Governor in Council for the purpose of this paragraph. (fonction publique)\nseparate agency means a portion of the federal public administration named in Schedule V. (organisme distinct)",
"citation": "FAA, s. 11 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "11",
"marginal_note": "Definitions",
"part": "PART I - Organization",
"division": "",
"heading": "Human Resources Management",
"history": "R.S., 1985, c. F-11, s. 11; R.S., 1985, c. 9 (1st Supp.), s. 22; 1991, c. 24, s. 50(F); 1992, c. 54, s. 81; 1995, c. 44, s. 51; 1996, c. 18, s. 5; 1999, c. 31, s. 101(F); 2003, c. 22, ss. 8, 264",
"last_amended": "2005-04-01",
"in_force": "2005-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-11.html",
"id": "F-11-s11-p2",
"text": "statutory deputy head means any officer who, by any Act of Parliament, is or is deemed to be a deputy head or who has, or is deemed to have, the rank of a deputy head. (administrateur général au titre de la loi)\n(2) [Designation of certain deputy heads] The Governor in Council may designate any position to be the position of deputy head in respect of\n(a) any portion of the federal public administration named in Schedule IV or V for which there is no chief executive officer; and\n(b) each portion of the federal public administration designated for the purpose of paragraph (d) of the definition public service in subsection (1) for which there is no chief executive officer.",
"citation": "FAA, s. 11 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "11.1",
"marginal_note": "Powers of the Treasury Board",
"part": "PART I - Organization",
"division": "",
"heading": "Human Resources Management",
"history": "2003, c. 22, s. 8; 2013, c. 18, s. 46; 2017, c. 9, s. 44",
"last_amended": "2017-06-19",
"in_force": "2017-06-19",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-11.1.html",
"id": "F-11-s11.1-p1",
"text": "11.1\n(1) In the exercise of its human resources management responsibilities under paragraph 7(1)(e), the Treasury Board may\n(a) determine the human resources requirements of the public service and provide for the allocation and effective utilization of human resources in the public service;\n(b) provide for the classification of positions and persons employed in the public service;\n(c) determine and regulate the pay to which persons employed in the public service are entitled for services rendered, the hours of work and leave of those persons and any related matters;\n(d) determine and regulate the payments that may be made to persons employed in the public service by way of reimbursement for travel or other expenses and by way of allowances in respect of expenses and conditions arising out of their employment;\n(e) subject to the Employment Equity Act, establish policies and programs with respect to the implementation of employment equity in the public service;\n(f) establish policies or issue directives respecting the exercise of the powers granted by this Act to deputy heads in the core public administration and the reporting by those deputy heads in respect of the exercise of those powers;\n(g) establish policies or issue directives respecting\n(i) the manner in which deputy heads in the core public administration may deal with grievances under the Federal Public Sector Labour Relations Act to which they are a party, and the manner in which they may deal with them if the grievances are referred to adjudication under subsection 209(1) or 238.25(1) of that Act, and\n(ii) the reporting by those deputy heads in respect of those grievances;",
"citation": "FAA, s. 11.1 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "11.1",
"marginal_note": "Powers of the Treasury Board",
"part": "PART I - Organization",
"division": "",
"heading": "Human Resources Management",
"history": "2003, c. 22, s. 8; 2013, c. 18, s. 46; 2017, c. 9, s. 44",
"last_amended": "2017-06-19",
"in_force": "2017-06-19",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-11.1.html",
"id": "F-11-s11.1-p2",
"text": "(h) establish policies or issue directives respecting the disclosure by persons employed in the public service of information concerning wrongdoing in the public service and the protection from reprisal of persons who disclose such information in accordance with those policies or directives;\n(i) establish policies or issue directives respecting the prevention of harassment in the workplace and the resolution of disputes relating to such harassment; and\n(j) provide for any other matters, including terms and conditions of employment not otherwise specifically provided for in this section, that it considers necessary for effective human resources management in the public service.\n(2) [Limitation] The powers of the Treasury Board in relation to any of the matters specified in subsection (1)\n(a) do not extend to any matter that is expressly determined, fixed, provided for, regulated or established by any Act otherwise than by the conferring of powers in relation to those matters on any authority or person specified in that Act; and\n(b) do not include or extend to\n(i) any power specifically conferred on the Public Service Commission under the Public Service Employment Act,\n(ii) any process of human resources selection required to be used under the Public Service Employment Act or authorized to be used by the Public Service Commission under that Act, or\n(iii) any power specifically conferred on the Commissioner of the Royal Canadian Mounted Police under paragraph 20.2(1)(l) of the Royal Canadian Mounted Police Act.",
"citation": "FAA, s. 11.1 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "11.2",
"marginal_note": "Delegation by Governor in Council",
"part": "PART I - Organization",
"division": "",
"heading": "Human Resources Management",
"history": "2003, c. 22, s. 8",
"last_amended": "2005-04-01",
"in_force": "2005-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-11.2.html",
"id": "F-11-s11.2",
"text": "11.2\n(1) The Governor in Council may delegate to the minister of the Crown responsible for a separate agency, or to its deputy head, any of the powers or functions of the Governor in Council or the Treasury Board in relation to human resources management in that separate agency, subject to any terms and conditions that the Governor in Council directs.\n(2) [Sub-delegation] Any person to whom powers or functions are delegated under subsection (1) may, subject to and in accordance with the delegation, sub-delegate any of those powers or functions to any person under their jurisdiction.",
"citation": "FAA, s. 11.2"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "12",
"marginal_note": "Powers of deputy heads in core public administration",
"part": "PART I - Organization",
"division": "",
"heading": "Human Resources Management",
"history": "R.S., 1985, c. F-11, s. 12; 1995, c. 17, s. 7; 1996, c. 18, s. 6; 2003, c. 22, s. 8",
"last_amended": "2005-04-01",
"in_force": "2005-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-12.html",
"id": "F-11-s12-p1",
"text": "12\n(1) Subject to paragraphs 11.1(1)(f) and (g), every deputy head in the core public administration may, with respect to the portion for which he or she is deputy head,\n(a) determine the learning, training and development requirements of persons employed in the public service and fix the terms on which the learning, training and development may be carried out;\n(b) provide for the awards that may be made to persons employed in the public service for outstanding performance of their duties, for other meritorious achievement in relation to their duties or for inventions or practical suggestions for improvements;\n(c) establish standards of discipline and set penalties, including termination of employment, suspension, demotion to a position at a lower maximum rate of pay and financial penalties;\n(d) provide for the termination of employment, or the demotion to a position at a lower maximum rate of pay, of persons employed in the public service whose performance, in the opinion of the deputy head, is unsatisfactory;\n(e) provide for the termination of employment, or the demotion to a position at a lower maximum rate of pay, of persons employed in the public service for reasons other than breaches of discipline or misconduct; and\n(f) provide for the termination of employment of persons to whom an offer of employment is made as the result of the transfer of any work, undertaking or business from the core public administration to any body or corporation that is not part of the core public administration.",
"citation": "FAA, s. 12 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "12",
"marginal_note": "Powers of deputy heads in core public administration",
"part": "PART I - Organization",
"division": "",
"heading": "Human Resources Management",
"history": "R.S., 1985, c. F-11, s. 12; 1995, c. 17, s. 7; 1996, c. 18, s. 6; 2003, c. 22, s. 8",
"last_amended": "2005-04-01",
"in_force": "2005-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-12.html",
"id": "F-11-s12-p2",
"text": "(2) [Powers of other deputy heads] Subject to any terms and conditions that the Governor in Council may direct, every deputy head of a separate agency, and every deputy head designated under paragraph 11(2)(b), may, with respect to the portion of the federal public administration for which he or she is deputy head,\n(a) determine the learning, training and development requirements of persons employed in the public service and fixing the terms on which the learning, training and development may be carried out;\n(b) provide for the awards that may be made to persons employed in the public service for outstanding performance of their duties, for other meritorious achievement in relation to their duties or for inventions or practical suggestions for improvements;\n(c) establish standards of discipline and set penalties, including termination of employment, suspension, demotion to a position at a lower maximum rate of pay and financial penalties; and\n(d) provide for the termination of employment, or the demotion to a position at a lower maximum rate of pay, of persons employed in the public service for reasons other than breaches of discipline or misconduct.\n(3) [For cause] Disciplinary action against, or the termination of employment or the demotion of, any person under paragraph (1)(c), (d) or (e) or (2)(c) or (d) may only be for cause.",
"citation": "FAA, s. 12 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "12.1",
"marginal_note": "Limitation",
"part": "PART I - Organization",
"division": "",
"heading": "Human Resources Management",
"history": "2003, c. 22, s. 8",
"last_amended": "2005-04-01",
"in_force": "2005-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-12.1.html",
"id": "F-11-s12.1",
"text": "12.1 Section 11.1 and subsection 12(2) apply subject to the provisions of any Act of Parliament, or any regulation, order or other instrument made under the authority of an Act of Parliament, respecting the powers or functions of a separate agency.",
"citation": "FAA, s. 12.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "12.2",
"marginal_note": "Delegation by deputy head",
"part": "PART I - Organization",
"division": "",
"heading": "Human Resources Management",
"history": "2003, c. 22, s. 8",
"last_amended": "2005-04-01",
"in_force": "2005-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-12.2.html",
"id": "F-11-s12.2",
"text": "12.2\n(1) A deputy head may delegate to any person any of the deputy head’s powers or functions in relation to human resources management, subject to any terms and conditions that he or she directs.\n(2) [Sub-delegation] Any person to whom powers or functions are delegated under subsection (1) may, subject to and in accordance with the delegation, sub-delegate any of those powers or functions to any other person.",
"citation": "FAA, s. 12.2"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "12.3",
"marginal_note": "National Joint Council agreements",
"part": "PART I - Organization",
"division": "",
"heading": "Human Resources Management",
"history": "2003, c. 22, s. 8",
"last_amended": "2005-04-01",
"in_force": "2005-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-12.3.html",
"id": "F-11-s12.3",
"text": "12.3\n(1) Despite any other Act of Parliament, if the employment of an employee is terminated under paragraph 12(1)(f), agreements of the National Joint Council, other than agreements of the National Joint Council that are related to work force adjustment, cease to apply to the employee immediately before the termination of employment, unless the termination of employment was the result of the transfer of any work, undertaking or business from the core public administration to any body or corporation that is\n(a) a separate agency; or\n(b) another portion of the federal public administration designated by the Governor in Council for the purpose of paragraph (d) of the definition public service in subsection 11(1).\n(2) [Accrued benefits] Her Majesty in right of Canada, as represented by the Treasury Board, continues to be responsible for any obligation of Her Majesty in respect of benefits arising out of agreements of the National Joint Council that had accrued to employees of a body or corporation immediately before the date of the transfer referred to in subsection (1).",
"citation": "FAA, s. 12.3"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "12.4",
"marginal_note": "",
"part": "PART I - Organization",
"division": "",
"heading": "Human Resources Management",
"history": "",
"last_amended": "2012-06-29",
"in_force": "2012-06-29",
"status": "repealed",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-12.4.html",
"id": "F-11-s12.4",
"text": "12.4 [Repealed, 2012, c. 19, s. 218]",
"citation": "FAA, s. 12.4"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "13",
"marginal_note": "Right or power of Governor in Council not affected",
"part": "PART I - Organization",
"division": "",
"heading": "Human Resources Management",
"history": "R.S., 1985, c. F-11, s. 13; 1991, c. 24, s. 50(F); 2003, c. 22, s. 9; 2019, c. 13, s. 26",
"last_amended": "2019-07-12",
"in_force": "2005-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-13.html",
"id": "F-11-s13",
"text": "13\n(1) Subject to subsection (2), nothing in this Act or any other Act of Parliament is to be construed as limiting or affecting the right or power of the Governor in Council to suspend or dismiss, on the basis of a security assessment, any person employed in the public service.\n(2) [Restriction] If a person has made a complaint with respect to a security assessment to the National Security and Intelligence Review Agency, that person may not be dismissed by the Governor in Council until after the completion of the investigation in relation to that complaint.\n(3) [Order to be conclusive proof] For the purpose of subsection (1), any order made by the Governor in Council is conclusive proof of the matters stated therein in relation to the suspension or dismissal of any person in the interest of the safety or security of Canada or any state allied or associated with Canada.",
"citation": "FAA, s. 13"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "14",
"marginal_note": "Department established",
"part": "PART I - Organization",
"division": "",
"heading": "Department of Finance",
"history": "R.S., c. F-10, s. 8",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-14.html",
"id": "F-11-s14",
"text": "14 There is hereby established a department of the Government of Canada called the Department of Finance over which the Minister of Finance appointed by commission under the Great Seal shall preside.",
"citation": "FAA, s. 14"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "15",
"marginal_note": "Minister",
"part": "PART I - Organization",
"division": "",
"heading": "Department of Finance",
"history": "R.S., c. F-10, s. 9",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-15.html",
"id": "F-11-s15",
"text": "15 The Minister holds office during pleasure and has the management and direction of the Department, the management of the Consolidated Revenue Fund and the supervision, control and direction of all matters relating to the financial affairs of Canada not by law assigned to the Treasury Board or to any other minister.",
"citation": "FAA, s. 15"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "15.1",
"marginal_note": "Advisory and other committees",
"part": "PART I - Organization",
"division": "",
"heading": "Department of Finance",
"history": "2008, c. 28, s. 153",
"last_amended": "2008-06-18",
"in_force": "2008-06-18",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-15.1.html",
"id": "F-11-s15.1",
"text": "15.1\n(1) The Minister may establish advisory and other committees and provide for their membership, duties, functions and operation.\n(2) [Remuneration and expenses] Members of a committee may be paid for their services the remuneration and expenses that the Governor in Council may determine.",
"citation": "FAA, s. 15.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "16",
"marginal_note": "Deputy head",
"part": "PART I - Organization",
"division": "",
"heading": "Department of Finance",
"history": "R.S., c. F-10, s. 10",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-16.html",
"id": "F-11-s16",
"text": "16 The Governor in Council may appoint an officer called the Deputy Minister of Finance to hold office during pleasure and to be the deputy head of the Department.",
"citation": "FAA, s. 16"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "16.1",
"marginal_note": "Audit capacity",
"part": "PART I.1 - Internal Audit and Accounting Officers",
"division": "",
"heading": "PART I.1 - Internal Audit and Accounting Officers",
"history": "2006, c. 9, s. 259",
"last_amended": "2006-12-12",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-16.1.html",
"id": "F-11-s16.1",
"text": "16.1 The deputy head or chief executive officer of a department is responsible for ensuring an internal audit capacity appropriate to the needs of the department.",
"citation": "FAA, s. 16.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "16.2",
"marginal_note": "Audit committees",
"part": "PART I.1 - Internal Audit and Accounting Officers",
"division": "",
"heading": "PART I.1 - Internal Audit and Accounting Officers",
"history": "2006, c. 9, s. 259",
"last_amended": "2006-12-12",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-16.2.html",
"id": "F-11-s16.2",
"text": "16.2 Subject to and except as otherwise provided in any directives issued by the Treasury Board under paragraph 7(1)(e.2), the deputy head or chief executive officer of a department shall establish an audit committee for the department.",
"citation": "FAA, s. 16.2"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "16.21",
"marginal_note": "Appointment",
"part": "PART I.1 - Internal Audit and Accounting Officers",
"division": "",
"heading": "PART I.1 - Internal Audit and Accounting Officers",
"history": "2006, c. 9, s. 259",
"last_amended": "2006-12-12",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-16.21.html",
"id": "F-11-s16.21",
"text": "16.21\n(1) A person who does not occupy a position in the federal public administration but who meets the qualifications established by directive of the Treasury Board may be appointed to an audit committee by the Treasury Board on the recommendation of the President of the Treasury Board.\n(2) [Term of office] A member of an audit committee so appointed holds office during pleasure for a term not exceeding four years, which may be renewed for a second term.\n(3) [Remuneration] A member of an audit committee so appointed shall be paid the remuneration and expenses fixed by the Treasury Board.",
"citation": "FAA, s. 16.21"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "16.3",
"marginal_note": "Definition of accounting officer",
"part": "PART I.1 - Internal Audit and Accounting Officers",
"division": "",
"heading": "PART I.1 - Internal Audit and Accounting Officers",
"history": "2006, c. 9, s. 259",
"last_amended": "2006-12-12",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-16.3.html",
"id": "F-11-s16.3",
"text": "16.3 In sections 16.4 and 16.5, accounting officer\n(a) with respect to a department named in Part I of Schedule VI, means its deputy minister; and\n(b) with respect to a department named in Part II or III of Schedule VI, means the person occupying the position set out opposite that name.",
"citation": "FAA, s. 16.3"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "16.4",
"marginal_note": "Accountability of accounting officers within framework of ministerial accountability",
"part": "PART I.1 - Internal Audit and Accounting Officers",
"division": "",
"heading": "PART I.1 - Internal Audit and Accounting Officers",
"history": "2006, c. 9, s. 259",
"last_amended": "2006-12-12",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-16.4.html",
"id": "F-11-s16.4",
"text": "16.4\n(1) Within the framework of the appropriate minister’s responsibilities and his or her accountability to Parliament, and subject to the appropriate minister’s management and direction of his or her department, the accounting officer of a department named in Part I of Schedule VI is accountable before the appropriate committees of the Senate and the House of Commons for\n(a) the measures taken to organize the resources of the department to deliver departmental programs in compliance with government policies and procedures;\n(b) the measures taken to maintain effective systems of internal control in the department;\n(c) the signing of the accounts that are required to be kept for the preparation of the Public Accounts pursuant to section 64; and\n(d) the performance of other specific duties assigned to him or her by or under this or any other Act in relation to the administration of the department.\n(2) [Accountability of accounting officers within framework of ministerial accountability] Within the framework of the appropriate minister’s responsibilities under the Act or order constituting the department and his or her accountability to Parliament, the accounting officer of a department named in Part II or III of Schedule VI is accountable before the appropriate committees of the Senate and the House of Commons for\n(a) the measures taken to organize the resources of the department to deliver departmental programs in compliance with government policies and procedures;\n(b) the measures taken to maintain effective systems of internal control in the department;\n(c) the signing of the accounts that are required to be kept for the preparation of the Public Accounts pursuant to section 64; and\n(d) the performance of other specific duties assigned to him or her by or under this or any other Act in relation to the administration of the department.\n(3) [Appearance before committee] The obligation of an accounting officer under this section is to appear before the appropriate committee of the Senate or the House of Commons and answer questions put to him or her by members of the committee in respect of the carrying out of the responsibilities and the performance of the duties referred to in subsection (1) or (2), as the case may be.",
"citation": "FAA, s. 16.4"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "16.5",
"marginal_note": "Written guidance from Secretary",
"part": "PART I.1 - Internal Audit and Accounting Officers",
"division": "",
"heading": "PART I.1 - Internal Audit and Accounting Officers",
"history": "2006, c. 9, s. 259",
"last_amended": "2006-12-12",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-16.5.html",
"id": "F-11-s16.5",
"text": "16.5\n(1) Where the appropriate minister and the accounting officer for a department named in Part I or II of Schedule VI are unable to agree on the interpretation or application of a policy, directive or standard issued by the Treasury Board, the accounting officer shall seek guidance in writing on the matter from the Secretary of the Treasury Board.\n(2) [Referral to Treasury Board] Where guidance is provided under subsection (1) and the matter remains unresolved, the appropriate minister shall refer the matter to the Treasury Board for a decision.\n(3) [Copy to Auditor General] A decision by the Treasury Board shall be in writing and a copy shall be provided to the Auditor General of Canada.\n(4) [Cabinet confidence] The copy of a decision provided to the Auditor General of Canada is a confidence of the Queen’s Privy Council for Canada for the purposes of any Act of Parliament.",
"citation": "FAA, s. 16.5"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "17",
"marginal_note": "Public money",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "R.S., 1985, c. F-11, s. 17; 1991, c. 24, s. 4",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-17.html",
"id": "F-11-s17",
"text": "17\n(1) Subject to this Part, all public money shall be deposited to the credit of the Receiver General.\n(2) [Establishment of accounts] The Receiver General may establish, in the name of the Receiver General, accounts for the deposit of public money with\n(a) any member of the Canadian Payments Association;\n(b) any local cooperative credit society that is a member of a central cooperative credit society having membership in the Canadian Payments Association;\n(c) any fiscal agent that the Minister may designate; and\n(d) any financial institution outside Canada that the Minister may designate.\n(3) [Record of public money] Every person who collects or receives public money shall keep a record of receipts and deposits thereof in such form and manner as the Treasury Board may prescribe by regulation.\n(4) [Duty of persons collecting public money] Subject to any regulations made under subsection (5), every person employed in the collection or management of, or charged with the receipt of, public money and every other person who collects or receives public money shall pay that money to the credit of the Receiver General.\n(5) [Regulations] The Treasury Board may make regulations\n(a) prescribing the manner in which public money shall be paid to the credit of the Receiver General;\n(b) authorizing any person mentioned in any of paragraphs (2)(a) to (d) who has given credit to the Receiver General for an instruction for payment that is deposited in accordance with regulations made under paragraph (a) to charge the amount of the instruction back to the Receiver General in the manner specified by the regulations, where the instruction is dishonoured after having been credited to the Receiver General; and\n(c) authorizing persons who collect or receive public money to withhold their fees or commissions from payments of that money to the credit of the Receiver General.",
"citation": "FAA, s. 17"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "17.1",
"marginal_note": "Definition of collection agency",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "1991, c. 24, s. 5",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-17.1.html",
"id": "F-11-s17.1",
"text": "17.1\n(1) In this section, collection agency means a person, other than an employee of a department, who\n(a) carries on the business of collecting debts for other persons; and\n(b) is registered or licensed as a member of the legal profession or as a collector of debts in the province in which the person carries on the business of collecting debts.\n(2) [Payment to collection agency] Subject to the direction of the Treasury Board, fees or commissions may be paid out of the Consolidated Revenue Fund to a collection agency for the collection of any amount that was owed to\n(a) Her Majesty in right of Canada; or\n(b) Her Majesty in right of a province on account of taxes payable to that province and that, pursuant to an agreement, Canada is authorized to collect on behalf of the province.",
"citation": "FAA, s. 17.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "18",
"marginal_note": "",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "repealed",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-18.html",
"id": "F-11-s18",
"text": "18 [Repealed, 1999, c. 26, s. 20]",
"citation": "FAA, s. 18"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "19",
"marginal_note": "Charges for services or use of facilities",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "R.S., 1985, c. F-11, s. 19; 1991, c. 24, s. 6",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-19.html",
"id": "F-11-s19",
"text": "19\n(1) The Governor in Council may, on the recommendation of the Treasury Board,\n(a) by regulation prescribe the fees or charges to be paid for a service or the use of a facility provided by or on behalf of Her Majesty in right of Canada by the users or classes of users of the service or facility; or\n(b) authorize the appropriate Minister to prescribe by order those fees or charges, subject to such terms and conditions as may be specified by the Governor in Council.\n(2) [Amount not to exceed cost] Fees and charges for a service or the use of a facility provided by or on behalf of Her Majesty in right of Canada that are prescribed under subsection (1) or the amount of which is adjusted under section 19.2 may not exceed the cost to Her Majesty in right of Canada of providing the service or the use of the facility to the users or class of users.\n(3) [By whom payable] For greater certainty, users includes\n(a) Her Majesty in right of Canada, other than a department; and\n(b) Her Majesty in right of a province.",
"citation": "FAA, s. 19"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "19.1",
"marginal_note": "Charges for rights and privileges",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "1991, c. 24, s. 6",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-19.1.html",
"id": "F-11-s19.1",
"text": "19.1 The Governor in Council may, on the recommendation of the Treasury Board,\n(a) by regulation prescribe the fees or charges to be paid for a right or privilege conferred by or on behalf of Her Majesty in right of Canada, by means of a licence, permit or other authorization, by the persons or classes of persons on whom the right or privilege is conferred; or\n(b) authorize the appropriate Minister to prescribe by order those fees or charges, subject to such terms and conditions as may be specified by the Governor in Council.",
"citation": "FAA, s. 19.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "19.2",
"marginal_note": "Adjustment of amounts",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "1991, c. 24, s. 6",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-19.2.html",
"id": "F-11-s19.2",
"text": "19.2\n(1) A regulation or order under section 19 or 19.1 may prescribe rules for the adjustment, by such amounts or ratios as are referred to in the regulation or order, of the amount of the fee or charge, for such period as is specified in the regulation or order, but no such rules may provide for the consideration of any factors of adjustment that are not specified in the rules.\n(2) [Notice of adjusted amount] Notwithstanding that a regulation or order provides for the adjustment of the amount of a fee or charge for a period, its amount for the period is equal to its amount for the immediately preceding period unless the appropriate Minister, before the beginning of the period, publishes a notice in the Canada Gazette specifying the adjusted amount and the manner in which it was determined.",
"citation": "FAA, s. 19.2"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "19.3",
"marginal_note": "Regulations subject to other Acts",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "1991, c. 24, s. 6",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-19.3.html",
"id": "F-11-s19.3",
"text": "19.3 Regulations and orders under sections 19 and 19.1 are subject to the provisions of any Act of Parliament relating to the service or the use of the facility, or to the right or privilege, but, for greater certainty, may be made even though an Act of Parliament requires the provision of the service or facility or the conferral of the right or privilege.",
"citation": "FAA, s. 19.3"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "20",
"marginal_note": "Return of deposits",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "R.S., c. F-10, s. 14",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-20.html",
"id": "F-11-s20",
"text": "20\n(1) Where money is received by a public officer from any person as a deposit to ensure the doing of any act or thing, the public officer shall hold or dispose of the money in accordance with regulations of the Treasury Board.\n(2) [Return of money] Where money is paid by any person to a public officer for any purpose that is not fulfilled, the money may, in accordance with regulations of the Treasury Board, be returned or repaid to that person, less such sum as in the opinion of the Board is properly attributable to any service rendered.\n(3) [Return of non-public money] Money paid to the credit of the Receiver General that is not public money may be returned or repaid in accordance with regulations of the Treasury Board.",
"citation": "FAA, s. 20"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "21",
"marginal_note": "Money received for special purpose",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "R.S., c. F-10, s. 15",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-21.html",
"id": "F-11-s21",
"text": "21\n(1) Money referred to in paragraph (d) of the definition public money in section 2 that is received by or on behalf of Her Majesty for a special purpose and paid into the Consolidated Revenue Fund may be paid out of the Consolidated Revenue Fund for that purpose, subject to any statute applicable thereto.\n(2) [Interest] Subject to any other Act of Parliament, interest may be allowed and paid from the Consolidated Revenue Fund in respect of money to which subsection (1) applies, in accordance with and at rates fixed by the Minister with the approval of the Governor in Council.",
"citation": "FAA, s. 21"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "22",
"marginal_note": "Money paid in respect of proceedings in Parliament",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "R.S., c. F-10, s. 16",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-22.html",
"id": "F-11-s22",
"text": "22 Where the Senate or House of Commons, by resolution or pursuant to any rule or standing order, authorizes a refund of public money that was received in respect of any proceedings before Parliament, the Receiver General may pay the refund out of the Consolidated Revenue Fund.",
"citation": "FAA, s. 22"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "23",
"marginal_note": "Definitions",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "R.S., 1985, c. F-11, s. 23; 1991, c. 24, ss. 7, 50(F); 1999, c. 31, s. 102(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-23.html",
"id": "F-11-s23-p1",
"text": "23\n(1) In this section,\nother debt means any amount owing to Her Majesty, other than a tax or penalty or an amount in respect of which subsection 24.1(2) applies; (autre dette)\npenalty includes any forfeiture or pecuniary penalty imposed or authorized to be imposed by any Act of Parliament for any contravention of the laws relating to the collection of the revenue, or to the management of any public work producing tolls or revenue, notwithstanding that part of such forfeiture or penalty is payable to the informer or prosecutor, or to any other person; (pénalité)\ntax includes any tax, impost, duty or toll payable to Her Majesty, imposed or authorized to be imposed by any Act of Parliament. (taxes)\n(2) [Remission of taxes and penalties] The Governor in Council may, on the recommendation of the appropriate Minister, remit any tax or penalty, including any interest paid or payable thereon, where the Governor in Council considers that the collection of the tax or the enforcement of the penalty is unreasonable or unjust or that it is otherwise in the public interest to remit the tax or penalty.\n(2.1) [Remission of other debts] The Governor in Council may, on the recommendation of the Treasury Board, remit any other debt, including any interest paid or payable thereon, where the Governor in Council considers that the collection of the other debt is unreasonable or unjust or that it is otherwise in the public interest to remit the other debt.\n(3) [Remission may be partial, etc.] A remission pursuant to this section may be total or partial or conditional or unconditional and may be granted\n(a) before, after or pending any suit or proceeding for the recovery of the tax, penalty or other debt in respect of which the remission is granted;",
"citation": "FAA, s. 23 (part 1 of 3)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "23",
"marginal_note": "Definitions",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "R.S., 1985, c. F-11, s. 23; 1991, c. 24, ss. 7, 50(F); 1999, c. 31, s. 102(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-23.html",
"id": "F-11-s23-p2",
"text": "(b) before or after any payment of the tax, penalty or other debt has been made or enforced by process or execution; and\n(c) with respect to a tax or other debt, in any particular case or class of cases and before the liability therefor arises.\n(4) [Form of remission] A remission pursuant to this section may be granted\n(a) by forbearing to institute a suit or proceeding for the recovery of the tax, penalty or other debt in respect of which the remission is granted;\n(b) by delaying, staying or discontinuing any suit or proceeding already instituted;\n(c) by forbearing to enforce, staying or abandoning any execution or process on any judgment;\n(d) by the entry of satisfaction on any judgment; or\n(e) by repaying any sum of money paid to or recovered by the Receiver General for the tax, penalty or other debt.\n(5) [Conditional remission] Where a remission is granted pursuant to this section subject to a condition and the condition is not fulfilled, the tax, penalty or other debt may be enforced, or all proceedings may be had, as if there had been no remission.\n(6) [Effect of remission] A conditional remission, on fulfilment of the condition, and an unconditional remission have effect as if the remission were made after the tax, penalty or other debt in respect of which it was granted had been sued for and recovered.\n(7) [Customs and excise] No tax paid to Her Majesty on any goods shall be remitted by reason only that, after the payment of the tax and after release from the control of customs or excise officers, the goods were lost or destroyed.",
"citation": "FAA, s. 23 (part 2 of 3)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "23",
"marginal_note": "Definitions",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "R.S., 1985, c. F-11, s. 23; 1991, c. 24, ss. 7, 50(F); 1999, c. 31, s. 102(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-23.html",
"id": "F-11-s23-p3",
"text": "(8) [Effect of remission] Where a penalty imposed by any law relating to the revenue has been wholly and unconditionally remitted pursuant to this section, the remission has the effect of a pardon for the offence for which the penalty was incurred, and thereafter the offence has no legal effect prejudicial to the person to whom the remission was granted.",
"citation": "FAA, s. 23 (part 3 of 3)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "24",
"marginal_note": "Payment out of C.R.F.",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "R.S., 1985, c. F-11, s. 24; 1991, c. 24, s. 8",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-24.html",
"id": "F-11-s24",
"text": "24\n(1) Remissions granted under this Act or any other Act of Parliament may be paid out of the Consolidated Revenue Fund.\n(2) [Report in Public Accounts] Remissions granted under this or any other Act of Parliament during a fiscal year shall be reported in the Public Accounts for that year in such form as the Treasury Board may direct.",
"citation": "FAA, s. 24"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "24.1",
"marginal_note": "Forgiveness of debts and obligations",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "1991, c. 24, s. 9; 1999, c. 31, s. 103(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-24.1.html",
"id": "F-11-s24.1",
"text": "24.1\n(1) Subject to subsection (2), no debt or obligation\n(a) that is included in the statement of assets and liabilities of Canada referred to in subparagraph 64(2)(a)(iii), the forgiveness of which would result in a charge to an appropriation, or\n(b) that is owing by a Crown corporation to Her Majesty\nshall be forgiven in whole or in part otherwise than by or under an Act of Parliament, including an appropriation Act.\n(2) [Debts, etc., included in statement of assets and liabilities] No debt or obligation referred to in paragraph (1)(a) shall be forgiven unless the amount to be forgiven is included as a budgetary expenditure in an appropriation Act or any other Act of Parliament.\n(3) [Forgiveness may be conditional] Where a debt or obligation is forgiven pursuant to subsection (1),\n(a) the forgiveness may be conditional or unconditional;\n(b) if the forgiveness is conditional and the condition is not fulfilled, the debt or obligation may be enforced, or all proceedings may be had, as if there had been no forgiveness; and\n(c) a conditional forgiveness, on fulfilment of the condition, and an unconditional forgiveness release the person whose debt or obligation was forgiven from all further liability for the debt or obligation.",
"citation": "FAA, s. 24.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "24.2",
"marginal_note": "Report in Public Accounts",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "1991, c. 24, s. 9",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-24.2.html",
"id": "F-11-s24.2",
"text": "24.2 Forgiveness of a debt or obligation under this or any other Act of Parliament during a fiscal year shall be reported in the Public Accounts for that year in such form as the Treasury Board may direct.",
"citation": "FAA, s. 24.2"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "25",
"marginal_note": "Debt write-off regulations",
"part": "PART II - Public Money",
"division": "",
"heading": "PART II - Public Money",
"history": "R.S., 1985, c. F-11, s. 25; 1991, c. 24, ss. 10, 50(F); 1999, c. 31, s. 104(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-25.html",
"id": "F-11-s25",
"text": "25\n(1) Subject to subsection (2), the Treasury Board may make regulations respecting the writing off, in whole or in part, of any debt or obligation due to Her Majesty or any claim by Her Majesty, and without restricting the generality of the foregoing, may make regulations prescribing\n(a) the criteria for determining whether any debt, obligation or claim may be written off;\n(b) the requirements to be met and the procedures to be followed before any debt, obligation or claim may be written off; and\n(c) the information and records to be kept in respect of debts, obligations and claims that are written off.\n(2) [Exception] No debt, obligation or claim that is included in the statement of assets and liabilities of Canada referred to in subparagraph 64(2)(a)(iii), the writing off of which would result in a charge to an appropriation, shall be written off unless the amount to be written off is included as a budgetary expenditure in an appropriation Act or any other Act of Parliament.\n(3) [Effect of write-off] The writing off of any debt, obligation or claim pursuant to this section does not affect any right of Her Majesty to collect or recover the debt, obligation or claim.\n(4) [Report in Public Accounts] Any debt, obligation or claim written off under this or any other Act of Parliament during a fiscal year shall be reported in the Public Accounts for that year in such form as the Treasury Board may direct.\n(5) [Repealed, 1991, c. 24, s. 10]",
"citation": "FAA, s. 25"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "26",
"marginal_note": "Payments out of C.R.F.",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "R.S., c. F-10, s. 19",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-26.html",
"id": "F-11-s26",
"text": "26 Subject to the Constitution Acts, 1867 to 1982, no payments shall be made out of the Consolidated Revenue Fund without the authority of Parliament.",
"citation": "FAA, s. 26"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "27",
"marginal_note": "Estimates",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "R.S., 1985, c. F-11, s. 27; 1991, c. 24, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-27.html",
"id": "F-11-s27",
"text": "27 All estimates of expenditures submitted to Parliament shall be in respect of payments during the fiscal year to which the estimates relate and expenditures that will be incurred during that fiscal year.",
"citation": "FAA, s. 27"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "28",
"marginal_note": "Warrant of Governor General",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "R.S., 1985, c. F-11, s. 28; 1999, c. 31, s. 105(F); 2003, c. 22, s. 224(E)",
"last_amended": "2005-04-01",
"in_force": "2005-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-28.html",
"id": "F-11-s28",
"text": "28 Where an appropriation is made for any purpose in any Act of Parliament for granting to Her Majesty any sum of money to defray expenses of the federal public administration for a fiscal year, no payment shall be made pursuant to that appropriation out of the Consolidated Revenue Fund unless a warrant, prepared on the order of the Governor in Council, has been signed by the Governor General authorizing expenditures to be charged against the appropriation, and no payments in excess of the amount of expenditures so authorized shall be made.",
"citation": "FAA, s. 28"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "29",
"marginal_note": "Payment of guarantee",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "R.S., c. F-10, s. 22; 1980-81-82-83, c. 170, s. 6",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-29.html",
"id": "F-11-s29",
"text": "29\n(1) Where a guarantee has been given under the authority of Parliament by or on behalf of Her Majesty for the payment of any debt or obligation, any amount required to be paid by the terms of the guarantee may, subject to the Act authorizing the guarantee, be paid out of the Consolidated Revenue Fund.\n(2) [Authority for guarantee] An authority referred to in subsection (1) may be contained in an appropriation Act.",
"citation": "FAA, s. 29"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "29.1",
"marginal_note": "Expenditure of revenues by departmental corporations",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "1991, c. 24, s. 12",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-29.1.html",
"id": "F-11-s29.1",
"text": "29.1\n(1) A departmental corporation may expend during a fiscal year, for the purposes of the departmental corporation, any revenues that it receives in that fiscal year through the conduct of its operations.\n(2) [Expenditure by departments] A department may, in respect of its approved programs or authorized expenditures, be authorized by an appropriation Act\n(a) for the purposes that are specified in that Act, to expend revenues that it receives in a fiscal year through the conduct of its operations to offset expenditures that it incurs in that fiscal year; and\n(b) for such purposes and with such drawdown limit as are specified in that Act, to establish a revolving fund.\n(3) [Amendment of revolving fund] The purposes and drawdown limit of a revolving fund referred to in subsection (2) may be amended by means of an appropriation Act.\n(4) [Limitation] The operation of a revolving fund and the spending of revenues pursuant to this or any other Act of Parliament is, in addition to any limitation imposed by statute, subject to such terms and conditions as the Treasury Board may direct.",
"citation": "FAA, s. 29.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "29.2",
"marginal_note": "Internal support services",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "2011, c. 15, s. 34",
"last_amended": "2011-06-26",
"in_force": "2011-06-26",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-29.2.html",
"id": "F-11-s29.2",
"text": "29.2\n(1) A department may provide internal support services to and receive internal support services from one or more other departments, and the provision of those services may be through collaboration among departments.\n(2) [Written agreement] Any department providing internal support services to another department must enter into an agreement in writing with that department respecting those services.\n(3) [Exception] Subsection (1) does not authorize a department to provide internal support services if, under an Act of Parliament, order of the Governor in Council or direction of Treasury Board,\n(a) those services may only be provided by another department or body;\n(b) departments must obtain those services from another department or body; or\n(c) it is precluded from doing so.\n(4) [Definition of internal support services] In this section, internal support services means administrative activities that support\n(a) human resources management services;\n(b) financial management services;\n(c) information management services;\n(d) information technology services;\n(e) communications services;\n(f) real property services;\n(g) materiel services;\n(h) acquisition services; or\n(i) any other administrative service that is designated by order of the Governor in Council.",
"citation": "FAA, s. 29.2"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "30",
"marginal_note": "Payments urgently required",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "R.S., 1985, c. F-11, s. 30; 1997, c. 5, s. 1; 2003, c. 22, s. 224(E); 2020, c. 4, s. 1",
"last_amended": "2020-06-24",
"in_force": "2005-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-30.html",
"id": "F-11-s30",
"text": "30\n(1) Subject to subsection (1.1), where a payment is urgently required for the public good\n(a) at any time that Parliament is not in session from the date of a dissolution until 60 days following the date fixed for the return of the writs at the general election immediately following that dissolution, and\n(b) there is no other appropriation pursuant to which the payment may be made,\nthe Governor in Council, on the report of the President of the Treasury Board that there is no appropriation for the payment and the report of the appropriate Minister that the payment is urgently required for the public good, may, by order, direct the preparation of a special warrant to be signed by the Governor General authorizing the payment to be made out of the Consolidated Revenue Fund.\n(1.1) [No special warrants when Parliament prorogued] The Governor in Council shall not, in the 60 days referred to in subsection (1), direct the preparation of a special warrant referred to in that subsection when Parliament is not in session on any of those days by virtue of the fact that it is prorogued.\n(2) [Special warrant] A special warrant issued pursuant to this section shall for the purposes of this Act be deemed to be an appropriation for the fiscal year in which the warrant is issued.\n(3) [Publication and report] Every warrant issued under this section shall be published in the Canada Gazette within 30 days after it is issued, and a statement showing all warrants issued under this section and the amounts of those warrants shall be laid by the President of the Treasury Board before the House of Commons within 15 days after the commencement of the next ensuing session of Parliament.\n(4) [Subsequent appropriation] Where a special warrant has been issued pursuant to this section, the amounts appropriated thereby shall be deemed to be included in and not to be in addition to the amounts appropriated by the Act of Parliament enacted next thereafter for granting to Her Majesty sums of money to defray expenses of the federal public administration for a fiscal year.\n(5) [Repealed, 1997, c. 5, s. 1]",
"citation": "FAA, s. 30"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "31",
"marginal_note": "Appropriation allotments",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "R.S., 1985, c. F-11, s. 31; 1991, c. 24, s. 50(F); 1999, c. 31, s. 106(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-31.html",
"id": "F-11-s31",
"text": "31\n(1) At the commencement of each fiscal year or at such other times as the Treasury Board may direct, the deputy head or other person charged with the administration of a service for which there is an appropriation by Parliament or an item included in estimates then before the House of Commons shall, unless otherwise directed by the Board, prepare a division of the appropriation or item into allotments in the form detailed in the estimates submitted to Parliament for the appropriation or item or in such other form as the Board may prescribe and shall submit the division to the Board.\n(2) [Allotments not to be varied without approval] Where a division required to be submitted to the Treasury Board pursuant to subsection (1) is approved by the Board, the allotments shall not be varied or amended without the approval of the Board.\n(3) [Departmental control of allotments] The deputy head or other person charged with the administration of a service for which a division is required to be prepared pursuant to subsection (1) shall ensure by an adequate system of internal control and audit that the allotments provided in that division are not exceeded.",
"citation": "FAA, s. 31"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "31.1",
"marginal_note": "Credits transferred",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "2011, c. 15, s. 35",
"last_amended": "2011-06-26",
"in_force": "2011-06-26",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-31.1.html",
"id": "F-11-s31.1",
"text": "31.1 If an order is made under section 2 of the Public Service Rearrangement and Transfer of Duties Act, all of the unexpended money authorized by an Act of Parliament to be paid and applied for the purposes of any power, duty or function or control or supervision of a portion of the federal public administration that is transferred as a result of the operation of sections 2 and 3 of that Act is deemed to have been appropriated for the purposes of the power, duty, function, control or supervision to the department in, or portion of, the federal public administration to which it has been transferred.",
"citation": "FAA, s. 31.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "32",
"marginal_note": "Control of commitments",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "R.S., 1985, c. F-11, s. 32; 1999, c. 31, s. 107(F); 2017, c. 33, s. 261",
"last_amended": "2017-12-14",
"in_force": "2017-12-14",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-32.html",
"id": "F-11-s32",
"text": "32\n(1) No contract or other arrangement providing for a payment shall be entered into unless, to discharge any debt that will be due under the contract or other arrangement during the fiscal year in which the contract or other arrangement is entered into, there is a sufficient unencumbered balance available out of\n(a) an appropriation by Parliament to which the payment will be charged;\n(b) an item included in estimates then before the House of Commons to which the payment will relate;\n(c) a commitment limit in an appropriation Act to which the payment will relate; or\n(d) revenues received or estimated revenues set out in estimates, in the case of a payment that will be charged to an authority — under an appropriation Act or any other Act of Parliament — to expend revenues.\n(2) [Record of commitments] The deputy head or other person charged with the administration of a program for which there is an appropriation by Parliament or an item included in estimates then before the House of Commons shall, as the Treasury Board may prescribe, establish procedures and maintain records respecting the control of financial commitments chargeable to each appropriation or item.",
"citation": "FAA, s. 32"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "33",
"marginal_note": "Requisitions",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "R.S., c. F-10, s. 26",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-33.html",
"id": "F-11-s33",
"text": "33\n(1) No charge shall be made against an appropriation except on the requisition of the appropriate Minister of the department for which the appropriation was made or of a person authorized in writing by that Minister.\n(2) [Form] Every requisition for a payment out of the Consolidated Revenue Fund shall be in such form, accompanied by such documents and certified in such manner as the Treasury Board may prescribe by regulation.\n(3) [When requisition not to be made] No requisition shall be made pursuant to subsection (1) for a payment that\n(a) would not be a lawful charge against the appropriation;\n(b) would result in an expenditure in excess of the appropriation; or\n(c) would reduce the balance available in the appropriation so that it would not be sufficient to meet the commitments charged against it.\n(4) [Reference to Treasury Board] The appropriate Minister may transmit to the Treasury Board any requisition with respect to which that Minister desires the direction of the Board, and the Board may order that payment be made or refused.",
"citation": "FAA, s. 33"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "34",
"marginal_note": "Payment for work, goods or services",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "R.S., 1985, c. F-11, s. 34; 1991, c. 24, s. 13; 2003, c. 22, s. 224(E)",
"last_amended": "2005-04-01",
"in_force": "2005-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-34.html",
"id": "F-11-s34",
"text": "34\n(1) No payment shall be made in respect of any part of the federal public administration unless, in addition to any other voucher or certificate that is required, the deputy of the appropriate Minister, or another person authorized by that Minister, certifies\n(a) in the case of a payment for the performance of work, the supply of goods or the rendering of services,\n(i) that the work has been performed, the goods supplied or the service rendered, as the case may be, and that the price charged is according to the contract, or if not specified by the contract, is reasonable,\n(ii) where, pursuant to the contract, a payment is to be made before the completion of the work, delivery of the goods or rendering of the service, as the case may be, that the payment is according to the contract, or\n(iii) where, in accordance with the policies and procedures prescribed under subsection (2), payment is to be made in advance of verification, that the claim for payment is reasonable; or\n(b) in the case of any other payment, that the payee is eligible for or entitled to the payment.\n(2) [Policies and procedures] The Treasury Board may prescribe policies and procedures to be followed to give effect to the certification and verification required under subsection (1).",
"citation": "FAA, s. 34"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "35",
"marginal_note": "Definition of instruction for payment",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "R.S., 1985, c. F-11, s. 35; 1991, c. 24, s. 14; 1999, c. 31, s. 108(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-35.html",
"id": "F-11-s35",
"text": "35\n(1) In this section and section 36, instruction for payment means an instrument or other instruction for the payment of money, but does not include a requisition under section 33.\n(2) [Form of payments out of C.R.F.] Every payment out of the Consolidated Revenue Fund shall be made under the direction and control of the Receiver General by the issuance of an instruction for payment, in such form and authenticated in such manner as the Treasury Board may direct.\n(3) [Claim for settlement] An amount set out in an instruction for payment issued under subsection (2), less any amount charged back as a result of a reconciliation pursuant to section 36, may be paid out of the Consolidated Revenue Fund where\n(a) a claim for settlement of the amount is made by a member of the Canadian Payments Association or by a person authorized by the Receiver General to make a claim for settlement; and\n(b) the claim is made in the prescribed manner and is accompanied by the prescribed evidence.\n(4) [Prescription of manner of claim] The Receiver General may prescribe the manner of making a claim for settlement and the evidence that must accompany the claim.",
"citation": "FAA, s. 35"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "36",
"marginal_note": "Reconciliation of claim with evidence and instruction for payment",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "R.S., 1985, c. F-11, s. 36; 1991, c. 24, s. 14; 1999, c. 31, s. 109(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-36.html",
"id": "F-11-s36",
"text": "36\n(1) Where a payment out of the Consolidated Revenue Fund is made in respect of a claim for settlement, the Receiver General shall examine the claim and make a reconciliation between the claim and\n(a) the supporting evidence; and\n(b) the instruction for payment to which the claim relates.\n(2) [Destruction of instructions for payment, records, etc.] The Treasury Board may, on the recommendation of the Receiver General and with the approval of the Auditor General of Canada, make regulations governing\n(a) the destruction of records of instructions for payment, including payment instruments, after the amounts specified in the instructions for payment have been paid;\n(b) the destruction of claims for settlement; and\n(c) the destruction of records of instructions for settlement, including instruments for settlement within or between departments, after settlement has been effected.",
"citation": "FAA, s. 36"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "37",
"marginal_note": "Lapse",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "R.S., 1985, c. F-11, s. 37; 1991, c. 24, s. 15; 1996, c. 18, s. 7",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-37.html",
"id": "F-11-s37",
"text": "37 The balance of an appropriation that remains unexpended at the end of a fiscal year or such longer period as may be specified in an appropriation Act or any other Act of Parliament, after adjustment for the recording of debts incurred and other amounts due or owing referred to in section 37.1, shall lapse.",
"citation": "FAA, s. 37"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "37.1",
"marginal_note": "Unpaid debts",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "1991, c. 24, s. 15",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-37.1.html",
"id": "F-11-s37.1",
"text": "37.1\n(1) Subject to such directions as the Treasury Board may make, a debt incurred by Her Majesty for work performed, goods received or services rendered before the end of a fiscal year, and any amount due or owing under a contract, contribution or other similar arrangement entered into before the end of the fiscal year that remains unpaid at the end of the fiscal year, shall be recorded as a charge against the appropriation to which it relates.\n(2) [Payment] Subject to subsection (3), in such period as the Treasury Board may specify or, if no such period is specified, at any time, a payment may be made for the purpose of settling any debt or other amount due or owing that has been recorded as a charge against an appropriation pursuant to subsection (1).\n(3) [Settlement in excess of appropriation] The discharge or settlement of a debt or other amount due or owing that has been recorded as a charge against an appropriation pursuant to subsection (1), or any part thereof, and that was in excess of the balance then remaining in the appropriation\n(a) constitutes a first charge against the next appropriation in the year of discharge or settlement; and\n(b) operates to reduce the available spending authority of that next appropriation by the lesser of\n(i) the amount of the discharge or settlement, and\n(ii) the amount of the excess.\n(4) [Payment in excess of appropriation] Where, despite paragraph 33(3)(b), a payment is made that results in an expenditure that is in excess of an appropriation,\n(a) the amount by which the expenditure exceeds the balance then remaining in the appropriation constitutes a first charge against the next appropriation of the immediately subsequent fiscal year; and\n(b) the available spending authority of that next appropriation is reduced by that amount.",
"citation": "FAA, s. 37.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "38",
"marginal_note": "Accountable advances",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "R.S., c. F-10, s. 31; 1980-81-82-83, c. 170, s. 9",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-38.html",
"id": "F-11-s38",
"text": "38\n(1) The Treasury Board may make regulations\n(a) authorizing the making of accountable advances chargeable to the appropriation for the service in respect of which the advance is made; and\n(b) providing for the repayment of, accounting for and recovery of accountable advances.\n(2) [Recovery] Any accountable advance or any portion thereof that is not repaid, accounted for or recovered in accordance with the regulations may be recovered out of any moneys payable by Her Majesty to the person to whom the advance was made or, where the person is deceased, out of any moneys payable by Her Majesty to the estate of that person.\n(3) [Report] Every accountable advance that is not repaid, accounted for or recovered by the end of the fiscal year in which it was made shall be reported in the Public Accounts for that year.",
"citation": "FAA, s. 38"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "39",
"marginal_note": "Crediting of refunds",
"part": "PART III - Public Disbursements",
"division": "",
"heading": "PART III - Public Disbursements",
"history": "R.S., 1985, c. F-11, s. 39; 1991, c. 24, s. 16",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-39.html",
"id": "F-11-s39",
"text": "39 Subject to such directions as the Treasury Board may make, any amount received as\n(a) a refund of an expenditure,\n(b) a repayment of an advance,\n(c) a refund or repayment of an overpayment,\n(d) a rebate, including a tax rebate or some other price adjustment on a payment,\n(e) a reimbursement pursuant to a cost-sharing arrangement,\n(f) a recovery from an indemnification, or\n(g) a recovery under a claim for loss of or damage to a Crown asset\nshall be credited to the appropriation against which the related expenditure, advance or payment was charged.",
"citation": "FAA, s. 39"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "40",
"marginal_note": "Term of contract that money available",
"part": "PART III.1 - Contracts",
"division": "",
"heading": "PART III.1 - Contracts",
"history": "R.S., 1985, c. F-11, s. 40; 1991, c. 24, s. 50(F); 2006, c. 9, s. 309",
"last_amended": "2006-12-12",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-40.html",
"id": "F-11-s40",
"text": "40\n(1) It is a term of every contract providing for the payment of any money by Her Majesty that payment under that contract is subject to there being an appropriation for the particular service for the fiscal year in which any commitment under that contract would come in course of payment.\n(2) [Public opinion research] It is a term of every contract for public opinion research entered into by any person with Her Majesty that a written report will be provided by that person.",
"citation": "FAA, s. 40"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "40.1",
"marginal_note": "Commitment",
"part": "PART III.1 - Contracts",
"division": "",
"heading": "PART III.1 - Contracts",
"history": "2006, c. 9, s. 310",
"last_amended": "2006-12-12",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-40.1.html",
"id": "F-11-s40.1",
"text": "40.1 The Government of Canada is committed to taking appropriate measures to promote fairness, openness and transparency in the bidding process for contracts with Her Majesty for the performance of work, the supply of goods or the rendering of services.",
"citation": "FAA, s. 40.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "41",
"marginal_note": "Regulations respecting conditions under which contracts awarded",
"part": "PART III.1 - Contracts",
"division": "",
"heading": "PART III.1 - Contracts",
"history": "R.S., 1985, c. F-11, s. 41; 1991, c. 24, s. 50(F); 1999, c. 17, s. 160; 2005, c. 38, s. 138; 2006, c. 9, s. 311(F); 2017, c. 20, s. 445",
"last_amended": "2018-03-12",
"in_force": "2018-03-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-41.html",
"id": "F-11-s41",
"text": "41\n(1) The Governor in Council may make regulations with respect to the conditions under which contracts may be entered into and, notwithstanding any other Act of Parliament,\n(a) may direct that no contract by the terms of which payments are required in excess of such amount or amounts as the Governor in Council may prescribe shall be entered into or have any force or effect unless entry into the contract has been approved by the Governor in Council or the Treasury Board; and\n(b) may make regulations with respect to the security to be given to and in the name of Her Majesty to secure the due performance of contracts.\n(2) [Exception] Subsection (1) does not apply in respect of Crown corporations, the Canada Revenue Agency or the Invest in Canada Hub.",
"citation": "FAA, s. 41"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "42",
"marginal_note": "Regulations — deemed terms of contracts",
"part": "PART III.1 - Contracts",
"division": "",
"heading": "PART III.1 - Contracts",
"history": "R.S., 1985, c. F-11, s. 42; 1991, c. 24, s. 17; 2006, c. 9, ss. 312, 313",
"last_amended": "2008-07-02",
"in_force": "2008-07-02",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-42.html",
"id": "F-11-s42-p1",
"text": "42\n(1) The Governor in Council may make regulations fixing terms that are deemed to be expressly set out in contracts, or classes of contracts, that provide for the payment of any money by Her Majesty or a Crown corporation — or in documents, or classes of documents, relating to such contracts and their formation — including terms\n(a) prohibiting payment of a contingency fee by any party to the contract to a person to whom the Lobbying Act applies;\n(b) respecting corruption and collusion in the bidding process for contracts for the performance of work, the supply of goods or the rendering of services;\n(c) requiring that a bidder on a contract for the performance of work, the supply of goods or the rendering of services make a declaration that the bidder has not committed an offence under section 121, 124 or 418 of the Criminal Code;\n(d) respecting the provision of information or records to enable the Auditor General of Canada to inquire into the use of funds provided under funding agreements; and\n(e) requiring the public disclosure of basic information on contracts entered into with Her Majesty for the performance of work, the supply of goods or the rendering of services and having a value in excess of $10,000.\n(2) [Powers of Auditor General] Regulations made under subsection (1) may not infringe on the powers of the Auditor General under section 7.1 of the Auditor General Act.\n(3) [Regulations — public opinion research] The Governor in Council may, in respect of contracts for public opinion research, make regulations\n(a) prescribing the form and content of the term of the contract and of the written report referred to in subsection 40(2); and",
"citation": "FAA, s. 42 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "42",
"marginal_note": "Regulations — deemed terms of contracts",
"part": "PART III.1 - Contracts",
"division": "",
"heading": "PART III.1 - Contracts",
"history": "R.S., 1985, c. F-11, s. 42; 1991, c. 24, s. 17; 2006, c. 9, ss. 312, 313",
"last_amended": "2008-07-02",
"in_force": "2008-07-02",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-42.html",
"id": "F-11-s42-p2",
"text": "(b) requiring the report to be made available to the public in the manner, and subject to the conditions, specified in the regulations.\n(4) [Definitions] The following definitions apply in this section.\nfunding agreement, in respect of a recipient, means an agreement in writing under which the recipient receives a grant, contribution or other funding from Her Majesty in right of Canada or a Crown corporation, either directly or through an agent or mandatary of Her Majesty, including by way of loan, but excludes contracts for the performance of work, the supply of goods or the rendering of services. (accord de financement)\nrecipient means an individual, body corporate, partnership or unincorporated organization that has, in any five consecutive fiscal years, received a total of one million dollars or more under one or more funding agreements, but does not include\n(a) a Crown corporation;\n(b) a departmental corporation;\n(c) the government of a foreign state, a provincial government or a municipality, or any of their agencies;\n(c.1) a band, as defined in subsection 2(1) of the Indian Act, any member of the council or any agency of the band or an aboriginal body that is party to a self-government agreement given effect by an Act of Parliament or any of their agencies;\n(d) a corporation that is controlled by a municipality or a government other than the Government of Canada; or\n(e) an international organization. (bénéficiaire)",
"citation": "FAA, s. 42 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "42.1",
"marginal_note": "Five-year reviews",
"part": "PART III.1 - Contracts",
"division": "",
"heading": "PART III.1 - Contracts",
"history": "2006, c. 9, s. 260",
"last_amended": "2006-12-12",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-42.1.html",
"id": "F-11-s42.1",
"text": "42.1\n(1) Subject to and except as otherwise provided in any directives issued by the Treasury Board, every department shall conduct a review every five years of the relevance and effectiveness of each ongoing program for which it is responsible.\n(2) [Definition of program] In this section, program means a program of grants or contributions made to one or more recipients that are administered so as to achieve a common objective and for which spending authority is provided in an appropriation Act.",
"citation": "FAA, s. 42.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "42.2",
"marginal_note": "Definitions",
"part": "PART III.2 - Financial Transactions Related to Asset Management",
"division": "",
"heading": "PART III.2 - Financial Transactions Related to Asset Management",
"history": "2016, c. 12, s. 121",
"last_amended": "2018-06-22",
"in_force": "2018-06-22",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-42.2.html",
"id": "F-11-s42.2",
"text": "42.2 The following definitions apply in this Part.\nfiscal agent means a fiscal agent appointed under this Part and includes the Bank of Canada. (agent financier)\nregistrar means a registrar appointed under this Part and includes the Bank of Canada. (agent comptable)",
"citation": "FAA, s. 42.2"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "42.3",
"marginal_note": "Lending of funds",
"part": "PART III.2 - Financial Transactions Related to Asset Management",
"division": "",
"heading": "PART III.2 - Financial Transactions Related to Asset Management",
"history": "2016, c. 12, s. 121",
"last_amended": "2018-06-22",
"in_force": "2018-06-22",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-42.3.html",
"id": "F-11-s42.3",
"text": "42.3\n(1) The Minister may, for the sound and efficient management of the Consolidated Revenue Fund, lend money by way of an auction on any terms and conditions that the Minister considers appropriate.\n(2) [Limit] However, the Minister is not to make a loan that exceeds the surplus of the part of the Consolidated Revenue Fund that is on deposit with the Bank of Canada at the time of the making of the loan.\n(3) [Determination] For the purposes of subsection (2), the amount of the surplus is determined by the Bank of Canada.\n(4) [Part of Consolidated Revenue Fund] Any loans made under subsection (1) may only be paid out of the part of the Consolidated Revenue Fund that is on deposit with the Bank of Canada.\n(5) [Powers related to loans] Despite section 42.5, the Minister may enter into any contract or agreement related to the loans and do any other thing relating to the loans that the Minister considers appropriate.",
"citation": "FAA, s. 42.3"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "42.4",
"marginal_note": "Auctions",
"part": "PART III.2 - Financial Transactions Related to Asset Management",
"division": "",
"heading": "PART III.2 - Financial Transactions Related to Asset Management",
"history": "2016, c. 12, s. 121",
"last_amended": "2018-06-22",
"in_force": "2018-06-22",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-42.4.html",
"id": "F-11-s42.4",
"text": "42.4\n(1) If the Minister lends money by way of an auction, the Minister may establish rules governing the conduct of the auction, including rules relating to any of the following:\n(a) the eligibility of persons to participate in the auction;\n(b) the provision to the Minister by participants of any information that the Minister considers relevant;\n(c) the form of bids;\n(d) the maximum amount that a participant may bid.\n(2) [Rules not statutory instruments] Rules governing the conduct of an auction are not statutory instruments as defined in the Statutory Instruments Act.",
"citation": "FAA, s. 42.4"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "42.5",
"marginal_note": "Management of risks",
"part": "PART III.2 - Financial Transactions Related to Asset Management",
"division": "",
"heading": "PART III.2 - Financial Transactions Related to Asset Management",
"history": "2016, c. 12, s. 121",
"last_amended": "2018-06-22",
"in_force": "2018-06-22",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-42.5.html",
"id": "F-11-s42.5",
"text": "42.5 The Governor in Council may authorize the Minister, subject to any terms and conditions that the Governor in Council may specify, to enter into any contract or agreement of a financial nature, including options, derivatives, swaps and forwards, on any terms and conditions that the Minister considers necessary for the management of risks related to the financial position of the Government of Canada.",
"citation": "FAA, s. 42.5"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "42.6",
"marginal_note": "Registrars and fiscal agents",
"part": "PART III.2 - Financial Transactions Related to Asset Management",
"division": "",
"heading": "PART III.2 - Financial Transactions Related to Asset Management",
"history": "2016, c. 12, s. 121",
"last_amended": "2018-06-22",
"in_force": "2018-06-22",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-42.6.html",
"id": "F-11-s42.6",
"text": "42.6 The Minister may\n(a) appoint one or more registrars or fiscal agents to perform any services that the Minister may specify in respect of financial transactions entered into under this Part; and\n(b) fix the remuneration or compensation of any registrar or fiscal agent appointed under this section.",
"citation": "FAA, s. 42.6"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "42.7",
"marginal_note": "Payment of related expenses",
"part": "PART III.2 - Financial Transactions Related to Asset Management",
"division": "",
"heading": "PART III.2 - Financial Transactions Related to Asset Management",
"history": "2016, c. 12, s. 121",
"last_amended": "2018-06-22",
"in_force": "2018-06-22",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-42.7.html",
"id": "F-11-s42.7",
"text": "42.7 With the authorization of the Governor in Council, there may be paid out of the Consolidated Revenue Fund\n(a) the remuneration and compensation of registrars and fiscal agents appointed under section 42.6;\n(b) all costs, expenses and charges incurred in the management of financial transactions referred to in this Part, including the negotiation, entering into and execution of those transactions;\n(c) all money required to be paid under contracts and agreements entered into under subsection 42.3(5) or section 42.5;\n(d) all money required to be paid under contracts and agreements entered into under this Act before the coming into force of this Part that could also have been entered into under this Part if this Part had been in force when these contracts and agreements were entered into; and\n(e) all money that the Minister considers appropriate to pay in the exercise of his or her power to do any other thing relating to the lending of money under subsection 42.3(5).",
"citation": "FAA, s. 42.7"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "42.8",
"marginal_note": "Delegation",
"part": "PART III.2 - Financial Transactions Related to Asset Management",
"division": "",
"heading": "PART III.2 - Financial Transactions Related to Asset Management",
"history": "2016, c. 12, s. 121",
"last_amended": "2018-06-22",
"in_force": "2018-06-22",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-42.8.html",
"id": "F-11-s42.8",
"text": "42.8 The Minister may delegate to any officer of the Department of Finance any of the Minister’s powers, duties or functions under this Part, except the power to delegate under this section.",
"citation": "FAA, s. 42.8"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "43",
"marginal_note": "Borrowing of money",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., 1985, c. F-11, s. 43; 1999, c. 26, s. 21(E); 2001, c. 11, s. 4",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-43.html",
"id": "F-11-s43",
"text": "43\n(1) Notwithstanding any statement in any other Act of Parliament to the effect that this Act or any portion or provision of it does not apply, no money shall be borrowed by or on behalf of Her Majesty in right of Canada except as provided by or under\n(a) this Act;\n(b) any other Act of Parliament that expressly authorizes the borrowing of money; or\n(c) any other Act of Parliament that provides for the borrowing of money from Her Majesty in right of Canada or of a province.\n(2) [Issuing of securities] No securities shall be issued by or on behalf of Her Majesty in right of Canada without the authority of Parliament.",
"citation": "FAA, s. 43"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "43.1",
"marginal_note": "",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "",
"last_amended": "2017-11-23",
"in_force": "2017-11-23",
"status": "repealed",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-43.1.html",
"id": "F-11-s43.1",
"text": "43.1 [Repealed, 2016, c. 7, s. 182]",
"citation": "FAA, s. 43.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "44",
"marginal_note": "Raising of money",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., 1985, c. F-11, s. 44; 1999, c. 26, s. 22; 2020, c. 5, s. 23; 2024, c. 17, s. 394",
"last_amended": "2024-06-20",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-44.html",
"id": "F-11-s44",
"text": "44\n(1) When by this Act or any other Act of Parliament authority is given to raise money by Her Majesty, the Governor in Council may, subject to the Act authorizing the raising of the money, authorize the Minister to borrow the money by any means that the Minister considers appropriate.\n(2) [Maximum] The aggregate principal amount of money borrowed by the Minister under this section in any fiscal year may not exceed the amount that is specified by order of the Governor in Council for that fiscal year.\n(2.1) [Maximum — exception] Any money borrowed under section 47 is not to be taken into account for the purpose of calculating the aggregate principal amount of money borrowed by the Minister under this section in any fiscal year.\n(3) [Powers of Minister] Subject to any terms and conditions that the Governor in Council may specify, the Minister may enter into any contract or agreement, issue securities and do any other thing relating to the borrowing of money that the Minister considers appropriate.\n(3.1) [Non-application of regulations and directions] Regulations and directions made under subsection 41(1) do not apply in respect of contracts entered into under subsection (3).\n(4) [Transitional] Subsection (3) applies with respect to anything done in relation to borrowings under this section, as it read immediately before the coming into force of this subsection, as though the borrowing were done under subsection (1).",
"citation": "FAA, s. 44"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "45",
"marginal_note": "Auctions",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., 1985, c. F-11, s. 45; 1999, c. 26, s. 22",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-45.html",
"id": "F-11-s45",
"text": "45\n(1) If the Minister borrows money by way of an auction, the Minister may establish rules governing the conduct of the auction, including rules relating to\n(a) the eligibility of persons to participate in the auction;\n(b) the provision to the Minister by participants of any information that the Minister considers relevant, including information respecting holdings of securities and transactions in securities;\n(c) the form of bids;\n(d) the maximum amount that may be bid for by a participant; and\n(e) the certification and verification of bids.\n(2) [Rules not statutory instruments] Rules governing the conduct of an auction are not statutory instruments as defined in the Statutory Instruments Act.",
"citation": "FAA, s. 45"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "45.1",
"marginal_note": "Contracts and agreements",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "1991, c. 24, s. 18; 1999, c. 26, s. 22",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-45.1.html",
"id": "F-11-s45.1",
"text": "45.1 The Governor in Council may authorize the Minister, subject to any terms and conditions that the Governor in Council may specify, to enter into any contract or agreement of a financial nature, including options, derivatives, swaps and forwards, on such terms and conditions as the Minister considers necessary.",
"citation": "FAA, s. 45.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "46",
"marginal_note": "Powers — management of assets and liabilities",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., 1985, c. F-11, s. 46; 1999, c. 26, s. 22",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-46.html",
"id": "F-11-s46",
"text": "46 The Minister may, on any terms and conditions the Minister considers appropriate, do any of the following if the Minister considers it appropriate for the sound and efficient management of the assets and liabilities of Canada, including contingent liabilities:\n(a) purchase or acquire securities of Canada or any other securities, including purchasing or acquiring them on their issuance, and hold, lend or sell securities of Canada or any other securities; and\n(b) create a charge on, or right or interest in, securities of Canada or any other securities held by the Minister.",
"citation": "FAA, s. 46"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "46.1",
"marginal_note": "Authority to borrow money",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "1999, c. 26, s. 22; 2007, c. 29, s. 86; 2016, c. 7, s. 183",
"last_amended": "2017-11-23",
"in_force": "2017-11-23",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-46.1.html",
"id": "F-11-s46.1",
"text": "46.1 In any fiscal year, the Governor in Council may by order authorize the Minister to borrow money for\n(a) the payment of any amount that is required to be paid in that fiscal year in respect of any money borrowed under the authority of this Act or any other Act of Parliament;\n(b) the extinguishment or reduction of any liability of Canada, if the Minister is of the opinion that the liability should be extinguished or reduced; or\n(c) the payment, by Her Majesty, of any amount in extraordinary circumstances, including in the event of a natural disaster or to promote the stability or maintain the efficiency of the financial system in Canada, if the Minister is of the opinion that the borrowing of money is necessary in those circumstances.",
"citation": "FAA, s. 46.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "47",
"marginal_note": "Exception",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., 1985, c. F-11, s. 47; 2007, c. 29, s. 86; 2020, c. 5, s. 24",
"last_amended": "2020-03-25",
"in_force": "2020-03-25",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-47.html",
"id": "F-11-s47",
"text": "47 During the period beginning on the day on which this section comes into force and ending on September 30, 2020, the Minister may borrow money for\n(a) the payment of any amount that is required to be paid in that period in respect of any money borrowed under the authority of this Act or any other Act of Parliament; or\n(b) the payment, by Her Majesty, of any amount in extraordinary circumstances, including in the event of a natural disaster or to promote the stability or maintain the efficiency of the financial system in Canada, if the Minister is of the opinion that the borrowing of money is necessary in those circumstances.",
"citation": "FAA, s. 47"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "48",
"marginal_note": "Currency of borrowings",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., 1985, c. F-11, s. 48; 1991, c. 24, ss. 19, 50(F); 1999, c. 31, s. 110(F); 2017, c. 20, s. 104",
"last_amended": "2017-06-22",
"in_force": "2017-06-22",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-48.html",
"id": "F-11-s48",
"text": "48\n(1) Any amounts raised by way of loan under the authority of this Act or any other Act of Parliament in the currency or currencies of any country or countries may be repaid in the currency or currencies of any country or countries and securities issued under the authority of this Act or any other Act of Parliament in the currency or currencies of any country or countries may be made payable in the currency or currencies of any country or countries.\n(2) [Calculation of amount in foreign currency] Where an Act of Parliament, whether enacted before or after the coming into force of this subsection, authorizes\n(a) the raising of a specific or maximum number of dollars by way of loan or the issue of securities, or\n(b) the guarantee of the payment of a liability or obligation for a specific or maximum number of dollars,\nthe authorized transaction may be undertaken, in whole or in part, in the currency of a country other than Canada, and for that purpose the specific or maximum number of dollars shall be construed as an equivalent amount in the currency of the other country, calculated at the daily average rate of exchange between the Canadian dollar and the currency concerned quoted by the Bank of Canada on the day immediately preceding the day on which the money is borrowed, the proceeds from the issue of securities are received or the guarantee is given, as the case may be, or at any other rate of exchange in use between those currencies that the Minister considers appropriate.\n(3) [Calculation where limitation] For the purpose of any limitation in respect of an amount\n(a) that may be borrowed,\n(b) for which securities may be issued, or\n(c) the payment of which may be guaranteed under this Act or any other Act of Parliament,\nthe principal amount borrowed or authorized to be borrowed, the principal amount of any securities previously issued or authorized to be issued or the amount guaranteed or authorized to be guaranteed, as the case may be, payable in a currency of any country other than Canada, shall be deemed to be the Canadian dollar equivalent of the value thereof, as calculated under subsection (2), regardless of any premium or discount at which the securities were sold and regardless of any premium that may be payable on early redemption.",
"citation": "FAA, s. 48"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "49",
"marginal_note": "Report on debt management",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., 1985, c. F-11, s. 49; 1999, c. 26, s. 23; 2007, c. 29, s. 87; 2016, c. 7, s. 184; 2020, c. 5, s. 25; 2021, c. 7, s. 19; 2022, c. 10, s. 185",
"last_amended": "2022-06-23",
"in_force": "2017-11-23",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-49.html",
"id": "F-11-s49",
"text": "49\n(1) After the Public Accounts are tabled in the House of Commons, the Minister shall cause to be tabled in each House of Parliament, within the first 30 days on which that House is sitting after the Public Accounts are tabled in the House of Commons, a report on the activities of the Minister in relation to the following:\n(a) the money borrowed in the fiscal year to which the Public Accounts relate;\n(a.1) the money that is borrowed under an order made under paragraph 46.1(c) of the Financial Administration Act, other than that borrowed under such an order made during the period beginning on March 23, 2021 and ending on May 6, 2021, and that is due at the end of the fiscal year to which the Public Accounts relate; and\n(a.2) [Repealed, 2021, c. 7, s. 19]\n(b) the management of the public debt in the fiscal year to which the Public Accounts relate.\n(2) [Report on Minister’s plans] The Minister shall cause to be tabled in each House of Parliament for every fiscal year, not later than the 30th day on which that House is sitting after the start of the fiscal year to which the report relates, a report on the Minister’s plans in relation to the following:\n(a) the money to be borrowed in that fiscal year and the purposes for which the moneys will be borrowed; and\n(b) the management of the public debt in that fiscal year.",
"citation": "FAA, s. 49"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "49.1",
"marginal_note": "Report — borrowings in respect of extraordinary circumstances",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "2016, c. 7, s. 185; 2020, c. 5, s. 26",
"last_amended": "2020-03-25",
"in_force": "2017-11-23",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-49.1.html",
"id": "F-11-s49.1",
"text": "49.1\n(1) The Minister shall cause to be tabled in each House of Parliament a report on the money borrowed or to be borrowed under an order made under paragraph 46.1(c) within the first 30 days on which that House is sitting after the day on which the Governor in Council’s authorization is given under that paragraph.\n(2) [Report — borrowings in respect of extraordinary circumstances] The Minister shall cause to be tabled in each House of Parliament a report on the money borrowed or to be borrowed under paragraph 47(b) within the first 30 days on which that House is sitting after the day on which the Minister first borrows money under that paragraph.",
"citation": "FAA, s. 49.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "50",
"marginal_note": "Signing securities",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., 1985, c. F-11, s. 50; 1995, c. 17, s. 59",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-50.html",
"id": "F-11-s50",
"text": "50\n(1) Security certificates evidencing securities issued under the authority of this Part shall be signed by the Deputy Minister of Finance or an officer of the Department of Finance designated by the Governor in Council to sign on behalf of the Deputy Minister of Finance, and shall be countersigned by such officer of the Department of Finance or other person as the Governor in Council designates for that purpose.\n(2) [Facsimile signatures] The Minister may direct that there be substituted for signatures in the proper handwriting of one or both of the persons authorized to sign or countersign security certificates under subsection (1), facsimiles of those signatures.",
"citation": "FAA, s. 50"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "51",
"marginal_note": "Registrars and fiscal agents",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., 1985, c. F-11, s. 51; 1999, c. 26, s. 23.1",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-51.html",
"id": "F-11-s51",
"text": "51\n(1) The Governor in Council may\n(a) appoint one or more registrars to perform such services in respect of the registration of loans as the Governor in Council may prescribe;\n(b) appoint one or more fiscal agents to perform such services in respect of loans as the Governor in Council may prescribe; and\n(c) fix the remuneration or compensation of any registrar or fiscal agent appointed under this section.\n(2) [Delegation to Minister] The Governor in Council may authorize the Minister to do anything referred to in paragraphs (1)(a) to (c) for any period that the Governor in Council considers appropriate.",
"citation": "FAA, s. 51"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "52",
"marginal_note": "Records of money borrowed",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., c. F-10, s. 43",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-52.html",
"id": "F-11-s52",
"text": "52\n(1) The Minister shall cause to be maintained a system of books and records\n(a) showing all money authorized by Parliament to be borrowed by the issue and sale of securities;\n(b) containing a description and record of all money so borrowed and securities issued; and\n(c) showing all amounts paid in respect of the principal of or interest on all money so borrowed.\n(2) [Accounting by fiscal agents and registrars] Every fiscal agent and registrar shall annually, and as often as required by the Minister, give to the Minister an accounting, in such form and terms and containing such information as the Minister prescribes, of all his transactions as fiscal agent or registrar.",
"citation": "FAA, s. 52"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "53",
"marginal_note": "Sinking fund",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., c. F-10, s. 44",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-53.html",
"id": "F-11-s53",
"text": "53 The Governor in Council may provide for the creation and management of a sinking fund with respect to any issue of securities or with respect to all securities issued.",
"citation": "FAA, s. 53"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "54",
"marginal_note": "Borrowed money and interest",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., 1985, c. F-11, s. 54; 2007, c. 29, s. 88",
"last_amended": "2007-10-26",
"in_force": "2007-10-26",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-54.html",
"id": "F-11-s54",
"text": "54 The repayment of all money borrowed and interest on that money, including the principal of and interest on all securities issued by or on behalf of Her Majesty with the authority of Parliament, is a charge on and payable out of the Consolidated Revenue Fund.",
"citation": "FAA, s. 54"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "55",
"marginal_note": "Payment of loan expenses",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., 1985, c. F-11, s. 55; 1991, c. 24, s. 50(F); 1999, c. 26, s. 23.2; 2016, c. 12, s. 122",
"last_amended": "2016-12-15",
"in_force": "2016-12-15",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-55.html",
"id": "F-11-s55",
"text": "55 With the authority of the Governor in Council, there may be paid out of the Consolidated Revenue Fund\n(a) all money required under section 53 to provide a sinking fund or other means of securing repayment of securities;\n(b) the remuneration and compensation of registrars and fiscal agents appointed under section 51;\n(c) all costs, expenses and charges incurred in the negotiation or raising of loans or in the issue, redemption, servicing, payment and management of any loan and any securities issued in respect thereof;\n(d) all money required to be paid under contracts and agreements entered into under this Part, either before or after the coming into force of this paragraph; and\n(e) all money that the Minister considers appropriate to pay in the exercise of his or her power to do any other thing relating to the borrowing of money under subsection 44(3).",
"citation": "FAA, s. 55"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "56",
"marginal_note": "Payment for securities to agent or by salary deduction in trust money",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., 1985, c. F-11, s. 56; 1991, c. 24, s. 50(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-56.html",
"id": "F-11-s56",
"text": "56\n(1) Where it is provided by a prospectus or other official notice issued by or under the authority of the Minister that a subscriber may purchase securities by payments to an authorized agent or by deductions from the remuneration of the subscriber by his employer, the amount of any such payment or deduction that has not been accounted for by the delivery of securities to the subscriber or repaid to the subscriber shall be deemed to be money received in trust for Her Majesty by the agent or employer for which the agent or employer is accountable to Her Majesty under section 76.\n(2) [Amount deemed segregated in trust] Where money paid or deducted pursuant to subsection (1) cannot be identified among the assets of the employer or agent, a portion of those assets equal in value to the amount of the payment or deduction shall be deemed to be segregated and held in trust for Her Majesty.",
"citation": "FAA, s. 56"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "57",
"marginal_note": "Investors’ Indemnity Account",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., c. F-10, s. 48",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-57.html",
"id": "F-11-s57",
"text": "57 There shall be established in the accounts of Canada an account to be known as the Investors’ Indemnity Account to which shall be credited the sum of twenty-five thousand dollars, such further amounts as are appropriated by Parliament for the purposes of this section and any recoveries of the losses referred to in section 58.",
"citation": "FAA, s. 57"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "58",
"marginal_note": "Payment of losses",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., c. F-10, s. 49",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-58.html",
"id": "F-11-s58",
"text": "58 The Minister may, in accordance with and subject to the regulations, pay out of the Investors’ Indemnity Account any losses sustained by subscribers for securities who have paid all or part of the purchase price for those securities but have not received the security or repayment of the amount so paid, and losses sustained by any person in the redemption of securities.",
"citation": "FAA, s. 58"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "59",
"marginal_note": "Not bound to execute trusts",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., c. F-10, s. 50",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-59.html",
"id": "F-11-s59",
"text": "59 Her Majesty and a fiscal agent or registrar acting as such are not bound to see to the execution of any express or implied trust to which any securities are subject.",
"citation": "FAA, s. 59"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "60",
"marginal_note": "Regulations",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., 1985, c. F-11, s. 60; 1995, c. 17, s. 60; 2001, c. 11, s. 5",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-60.html",
"id": "F-11-s60-p1",
"text": "60\n(1) The Governor in Council may make such regulations as he deems necessary to provide for the management of the public debt of Canada and the payment of interest thereon and, without limiting the generality of the foregoing, may make regulations\n(a) for the inscription of security certificates and the registration of securities and prescribing the effect of the inscription or registration;\n(b) for the transmission, transfer, redemption and cancellation of securities and the exchange and destruction of any security certificates, and, without limiting the generality of the foregoing,\n(i) for the transmission, transfer or redemption of securities pursuant to a judgment or as the result of the death, dissolution or bankruptcy of the registered owner of the securities, and\n(ii) prescribing the conditions on which the transfer and redemption of securities or the exchange of security certificates registered in the names of infants, minors or other persons not of full capacity to enter into ordinary contracts may be made;\n(c) for the issue of security certificates or making of payments in respect of damaged, lost, stolen or destroyed security certificates or interest coupons, and of the cheques pertaining thereto and prescribing conditions to the issue or payment;\n(c.1) respecting the issuance and holding of non-certificated securities;\n(c.2) respecting the circumstances under which the beneficial owner of a non-certificated security can obtain a security certificate or under which the beneficial owner of a security certificate can obtain a non-certificated security;\n(d) requiring guarantees to be given to the registrar in such manner and by such persons as the regulations may prescribe, before the registrar is authorized to make any entry in the register;",
"citation": "FAA, s. 60 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "60",
"marginal_note": "Regulations",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "R.S., 1985, c. F-11, s. 60; 1995, c. 17, s. 60; 2001, c. 11, s. 5",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-60.html",
"id": "F-11-s60-p2",
"text": "(e) authorizing the correction by the registrar, in such circumstances as may be prescribed by the regulations, of errors in the register and otherwise authorizing rectification of the register;\n(f) providing for the payment of losses out of the Investors’ Indemnity Account;\n(g) deeming a specified transaction or a transaction of a specified class, including the issuance of securities, to be a transaction to borrow money for the purposes of subsection 43(1); and\n(h) notwithstanding any right provided by or under any other Act of Parliament to borrow money without the Minister’s authorization, requiring the Minister’s authorization in respect of a specified transaction to borrow money or a transaction of a specified class to borrow money.\n(2) [Form of register] The register maintained pursuant to subsection (1) may be in a bound or loose-leaf form or in a photographic film form or may be maintained by any system of mechanical or electronic data processing or any other information storage device that is capable of reproducing any required information in intelligible written form within a reasonable time.\n(3) [Canada Evidence Act] The register maintained pursuant to subsection (1) is deemed to be a record for the purposes of the Canada Evidence Act and every employee of the Bank of Canada who supervises the inscription or registration of securities in the register is deemed to be a manager of the Bank of Canada for the purposes of that Act.\n(4) [Minister’s authorization] If a regulation is made under paragraph (1)(g) or (h), the Minister may authorize, subject to any terms and conditions that the Minister considers appropriate,\n(a) the specified transaction;\n(b) a particular transaction named by the Minister within the specified class;\n(c) transactions of a particular subclass described by the Minister within the specified class; or\n(d) transactions of the specified class.",
"citation": "FAA, s. 60 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "60.1",
"marginal_note": "Delegation",
"part": "PART IV - Public Debt",
"division": "",
"heading": "PART IV - Public Debt",
"history": "1999, c. 26, s. 24",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-60.1.html",
"id": "F-11-s60.1",
"text": "60.1 The Minister may delegate to any officer of the Department of Finance any of the powers, duties and functions of the Minister under this Part, except the power to delegate under this section.",
"citation": "FAA, s. 60.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "60.2",
"marginal_note": "Definitions",
"part": "PART IV.1 - Stability and Efficiency of the Financial System",
"division": "",
"heading": "PART IV.1 - Stability and Efficiency of the Financial System",
"history": "2009, c. 2, s. 232; 2020, c. 5, s. 27; 2020, c. 6, s. 8",
"last_amended": "2020-10-01",
"in_force": "2009-03-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-60.2.html",
"id": "F-11-s60.2-p1",
"text": "60.2\n(1) The following definitions apply in this Part.\ndebt obligation means a bond, debenture, note or other evidence of indebtedness of an entity, whether secured or unsecured. (titre de créance)\nentity means an entity, including a trust, that, in the Minister’s opinion, is operating in Canada. (entité)\nfinancial markets includes markets for money, bonds, equities, derivatives, foreign exchange and commodities. (marchés financiers)\nfinancial system includes financial institutions, financial markets and payment systems as defined in section 36 of the Canadian Payments Act. (système financier)\nsecurity means\n(a) in relation to a corporation, a share, a class of shares or a debt obligation of the corporation, and includes any conversion or exchange privilege, option or other right to acquire a share of the corporation; and\n(b) in relation to any other entity, any ownership interest in or debt obligation of the entity. (titre)\n(2) [Contracts] Subject to subsection (3), the Minister may, with the Governor in Council’s authorization, enter into, on behalf of Her Majesty in right of Canada, any contract that in the Minister’s opinion is necessary to promote the stability or maintain the efficiency of the financial system in Canada, including such a contract to\n(a) purchase, acquire, hold, lend or sell or otherwise dispose of securities of an entity;\n(b) create a charge on, or right or interest in, securities of an entity held by the Minister;\n(c) make a loan to an entity;\n(d) provide a line of credit to an entity;\n(e) guarantee any debt, obligation or financial asset of an entity; or\n(f) provide loan insurance or credit insurance for the benefit of an entity in respect of any debt, obligation or financial asset of the entity.\n(2.1) [Repealed, 2020, c. 6, s. 8]",
"citation": "FAA, s. 60.2 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "60.2",
"marginal_note": "Definitions",
"part": "PART IV.1 - Stability and Efficiency of the Financial System",
"division": "",
"heading": "PART IV.1 - Stability and Efficiency of the Financial System",
"history": "2009, c. 2, s. 232; 2020, c. 5, s. 27; 2020, c. 6, s. 8",
"last_amended": "2020-10-01",
"in_force": "2009-03-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-60.2.html",
"id": "F-11-s60.2-p2",
"text": "(2.2) [Repealed, 2020, c. 6, s. 8]\n(2.3) [Repealed, 2020, c. 6, s. 8]\n(3) [Non-application to certain entities] Paragraph (2)(a) does not apply to\n(a) shares, as defined in subsection 973.2(15) of the Bank Act, of a bank or bank holding company, as defined in section 2 of that Act;\n(b) shares, as defined in subsection 459.9(14) of the Cooperative Credit Associations Act, of an association as defined in section 2 of that Act;\n(c) shares, as defined in subsection 1016.7(15) of the Insurance Companies Act, of a company or insurance holding company, as defined in subsection 2(1) of that Act; or\n(d) shares, as defined in subsection 527.9(15) of the Trust and Loan Companies Act, of a company as defined in section 2 of that Act.\n(4) [Section 90 does not apply] Section 90 does not apply if the Minister purchases, acquires or sells or otherwise disposes, under paragraph (2)(a), of shares within the meaning of that section.\n(5) [Section 61 and Surplus Crown Assets Act do not apply] Section 61 and the Surplus Crown Assets Act do not apply if the Minister holds, loans or sells or otherwise disposes of securities under paragraph (2)(a).\n(6) [Payments out of C.R.F.] Any amount payable under or in connection with a contract entered into under this section may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister, at the times and in the manner that the Minister considers appropriate.\n(7) [Retroactive effect] This section applies to any contract entered into on or after November 30, 2008.",
"citation": "FAA, s. 60.2 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "60.3",
"marginal_note": "Incorporation",
"part": "PART IV.1 - Stability and Efficiency of the Financial System",
"division": "",
"heading": "PART IV.1 - Stability and Efficiency of the Financial System",
"history": "2020, c. 5, s. 28; 2020, c. 6, s. 9",
"last_amended": "2020-04-11",
"in_force": "2020-03-25",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-60.3.html",
"id": "F-11-s60.3-p1",
"text": "60.3\n(1) If, in the Minister’s opinion, it is necessary to promote the stability or maintain the efficiency of the financial system in Canada, the Minister may, during the period beginning on the day on which this subsection comes into force and ending on September 30, 2020, with the Governor in Council’s authorization, procure the incorporation of a corporation, all of the shares of which are held by the Minister on behalf of Her Majesty in right of Canada.\n(2) [Not agent of Her Majesty] The corporation is not an agent of Her Majesty in right of Canada unless it is declared to be an agent of Her Majesty under an Act of Parliament.\n(3) [Application of Part X] Subject to any regulations made under subsection (4), Part X does not apply to the corporation.\n(4) [Regulations] The Minister may make regulations respecting the governance of the corporation, including regulations that adapt any provisions of this Act or the Canada Business Corporations Act and any regulations made under those Acts for the purpose of applying those provisions as adapted to the corporation.\n(5) [Directives] The Minister may give a directive to the corporation.\n(6) [Implementation] The directors of the corporation shall ensure that a directive is implemented in a prompt and efficient manner.\n(7) [Best interests] Compliance by the corporation with a directive is deemed to be in the best interests of the corporation.\n(8) [Terms and conditions] The Minister may, by order, establish terms and conditions in accordance with which the corporation shall enter into financial transactions.\n(9) [Contract with Her Majesty] The corporation may enter into a contract with Her Majesty in right of Canada.",
"citation": "FAA, s. 60.3 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "60.3",
"marginal_note": "Incorporation",
"part": "PART IV.1 - Stability and Efficiency of the Financial System",
"division": "",
"heading": "PART IV.1 - Stability and Efficiency of the Financial System",
"history": "2020, c. 5, s. 28; 2020, c. 6, s. 9",
"last_amended": "2020-04-11",
"in_force": "2020-03-25",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-60.3.html",
"id": "F-11-s60.3-p2",
"text": "(10) [Payments out of C.R.F.] The Minister may make payments to the corporation out of the Consolidated Revenue Fund, at the times and in the manner that the Minister considers appropriate.\n(11) [Loans to corporation] The Minister may, out of the Consolidated Revenue Fund, lend money to the corporation on any terms and conditions that the Minister may fix.\n(12) [Powers of Minister] The Minister may merge, sell, wind-up or dissolve the corporation, dispose of any or all shares of the corporation or take other similar measures in respect of the corporation.\n(13) [Statutory Instruments Act] The Statutory Instruments Act does not apply to a directive given under subsection (5) or to an order made under subsection (8).\n(14) [Publication in Canada Gazette] The Minister shall publish a directive given under subsection (5) or an order made under subsection (8) in the Canada Gazette.",
"citation": "FAA, s. 60.3 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "60.4",
"marginal_note": "Entity other than corporation",
"part": "PART IV.1 - Stability and Efficiency of the Financial System",
"division": "",
"heading": "PART IV.1 - Stability and Efficiency of the Financial System",
"history": "2020, c. 5, s. 28; 2020, c. 6, s. 10",
"last_amended": "2020-04-11",
"in_force": "2020-03-25",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-60.4.html",
"id": "F-11-s60.4",
"text": "60.4\n(1) If, in the Minister’s opinion, it is necessary to promote the stability or maintain the efficiency of the financial system in Canada, the Minister may, during the period beginning on the day on which this subsection comes into force and ending on September 30, 2020, with the Governor in Council’s authorization, establish an entity, other than a corporation, on any terms and conditions that the Minister considers appropriate.\n(2) [Payments out of C.R.F.] The Minister may make payments to the entity out of the Consolidated Revenue Fund, at the times and in the manner that the Minister considers appropriate.\n(3) [Loans to entity] The Minister may, out of the Consolidated Revenue Fund, lend money to the entity on any terms and conditions that the Minister may fix.",
"citation": "FAA, s. 60.4"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "61",
"marginal_note": "Transfers, etc., of public property",
"part": "PART V - Public Property",
"division": "",
"heading": "PART V - Public Property",
"history": "R.S., 1985, c. F-11, s. 61; 1991, c. 50, s. 27; 2001, c. 4, s. 160; 2015, c. 3, s. 93(F)",
"last_amended": "2015-02-26",
"in_force": "2015-02-26",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-61.html",
"id": "F-11-s61",
"text": "61\n(1) Subject to any other Act of Parliament, no transfer, lease or loan of public property shall be made except under the Federal Real Property and Federal Immovables Act in the case of federal real property or a federal immovable as defined in that Act, or under subsection (2) in the case of other public property.\n(2) [Regulations] The Governor in Council, on the recommendation of the Treasury Board, may authorize or make regulations authorizing the transfer, lease or loan of public property other than federal real property and federal immovables as defined in the Federal Real Property and Federal Immovables Act.",
"citation": "FAA, s. 61"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "62",
"marginal_note": "Management of public property",
"part": "PART V - Public Property",
"division": "",
"heading": "PART V - Public Property",
"history": "R.S., c. F-10, s. 53",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-62.html",
"id": "F-11-s62",
"text": "62 The deputy head of every department shall maintain adequate records in relation to public property for which the department is responsible and shall comply with regulations of the Treasury Board governing the custody and control of public property.",
"citation": "FAA, s. 62"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "63",
"marginal_note": "Accounts of Canada",
"part": "PART VI - Public Accounts",
"division": "",
"heading": "PART VI - Public Accounts",
"history": "R.S., 1985, c. F-11, s. 63; 1999, c. 31, s. 111(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-63.html",
"id": "F-11-s63",
"text": "63\n(1) Subject to regulations of the Treasury Board, the Receiver General shall cause accounts to be kept in such manner as to show\n(a) the expenditures made under each appropriation;\n(b) the revenues of Canada; and\n(c) the other payments into and out of the Consolidated Revenue Fund.\n(2) [Assets and liabilities] The Receiver General shall cause accounts to be kept to show such of the assets and direct and contingent liabilities of Canada and shall establish such reserves with respect to the assets and liabilities as, in the opinion of the President of the Treasury Board and the Minister, are required to present fairly the financial position of Canada.\n(3) [Accounts in Canadian currency] The accounts of Canada shall be kept in the currency of Canada.",
"citation": "FAA, s. 63"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "64",
"marginal_note": "Submission of Public Accounts to Parliament",
"part": "PART VI - Public Accounts",
"division": "",
"heading": "PART VI - Public Accounts",
"history": "R.S., 1985, c. F-11, s. 64; 1999, c. 31, s. 112(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-64.html",
"id": "F-11-s64",
"text": "64\n(1) A report, called the Public Accounts, shall be prepared by the Receiver General for each fiscal year and shall be laid before the House of Commons by the President of the Treasury Board on or before December 31 next following the end of that fiscal year or, if the House of Commons is not then sitting, on any of the first fifteen days next thereafter that the House of Commons is sitting.\n(2) [Contents of Public Accounts] The Public Accounts shall be in such form as the President of the Treasury Board and the Minister may direct, and shall include\n(a) a statement of\n(i) the financial transactions of the fiscal year,\n(ii) the expenditures and revenues of Canada for the fiscal year, and\n(iii) such of the assets and liabilities of Canada as, in the opinion of the President of the Treasury Board and the Minister, are required to show the financial position of Canada as at the termination of the fiscal year;\n(b) the contingent liabilities of Canada;\n(c) the opinion of the Auditor General of Canada as required under section 6 of the Auditor General Act; and\n(d) such other accounts and information relating to the fiscal year as are deemed necessary by the President of the Treasury Board and the Minister to present fairly the financial transactions and the financial position of Canada or as are required by this Act or any other Act of Parliament to be shown in the Public Accounts.",
"citation": "FAA, s. 64"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "65",
"marginal_note": "Ministers to provide records, etc.",
"part": "PART VI - Public Accounts",
"division": "",
"heading": "PART VI - Public Accounts",
"history": "R.S., c. F-10, s. 56; R.S., c. 11(2nd Supp.), s. 1; 1976-77, c. 34, s. 23; 1980-81-82-83, c. 170, s. 16",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-65.html",
"id": "F-11-s65",
"text": "65 For the purpose of the keeping of the accounts of Canada under section 63 and the preparation of the Public Accounts under section 64, the Receiver General may, from time to time, subject to such regulations as the Treasury Board may make, send a notice to each appropriate Minister requesting such records, accounts or statements or other information as is specified in the notice and each appropriate Minister shall, within such reasonable time as is specified in the notice, provide the Receiver General with the records, accounts or statements or other information requested.",
"citation": "FAA, s. 65"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "65.1",
"marginal_note": "Quarterly financial reports",
"part": "PART VI - Public Accounts",
"division": "",
"heading": "PART VI - Public Accounts",
"history": "2009, c. 31, s. 58",
"last_amended": "2011-04-01",
"in_force": "2011-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-65.1.html",
"id": "F-11-s65.1",
"text": "65.1\n(1) Every department shall cause to be prepared, in the form and manner provided for by the Treasury Board, a quarterly financial report for each of the first three fiscal quarters of each fiscal year.\n(2) [Contents] The report shall contain\n(a) a financial statement for the fiscal quarter and the period from the start of the fiscal year to the end of that fiscal quarter;\n(b) comparative financial information for the preceding fiscal year; and\n(c) a statement outlining the results, risks and significant changes in relation to operations, personnel and programs.\n(3) [Report to be made public] The appropriate Minister shall cause the report to be made public within 60 days after the end of the fiscal quarter to which the report relates.\n(4) [Regulations] The Treasury Board may, by regulation, exempt a department from the requirement set out in subsection (1) or provide that any of the content referred to in subsection (2) be excluded from its report.",
"citation": "FAA, s. 65.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "66",
"marginal_note": "Definitions",
"part": "PART VII - Assignment of Crown Debts",
"division": "",
"heading": "PART VII - Assignment of Crown Debts",
"history": "R.S., 1985, c. F-11, s. 66; 1999, c. 31, s. 113(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-66.html",
"id": "F-11-s66",
"text": "66 In this Part,\nappropriate paying officer, in relation to a Crown debt, means the paying officer who makes the payments in respect of that debt; (agent payeur compétent)\ncontract means a contract involving the payment of money by the Crown; (marché)\nCrown means Her Majesty in right of Canada; (Sa Majesté)\nCrown debt means any existing or future debt due or becoming due by the Crown, and any other chose in action in respect of which there is a right of recovery enforceable by action against the Crown; (créance sur Sa Majesté)\npaying officer means any person designated as such by regulation; (agent payeur)\nprescribed means prescribed by regulation. (Version anglaise seulement)",
"citation": "FAA, s. 66"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "67",
"marginal_note": "General prohibition",
"part": "PART VII - Assignment of Crown Debts",
"division": "",
"heading": "PART VII - Assignment of Crown Debts",
"history": "R.S., c. F-10, s. 80",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-67.html",
"id": "F-11-s67",
"text": "67 Except as provided in this Act or any other Act of Parliament,\n(a) a Crown debt is not assignable; and\n(b) no transaction purporting to be an assignment of a Crown debt is effective so as to confer on any person any rights or remedies in respect of that debt.",
"citation": "FAA, s. 67"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "68",
"marginal_note": "Assignments of specified Crown debts",
"part": "PART VII - Assignment of Crown Debts",
"division": "",
"heading": "PART VII - Assignment of Crown Debts",
"history": "R.S., 1985, c. F-11, s. 68; 1991, c. 24, s. 49(E)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-68.html",
"id": "F-11-s68",
"text": "68\n(1) Subject to this section, an assignment may be made of\n(a) a Crown debt that is an amount due or becoming due under a contract; and\n(b) any other Crown debt of a prescribed class.\n(2) [Conditions for validity] The assignment referred to in subsection (1) is valid only if\n(a) it is absolute, in writing and made under the hand of the assignor;\n(b) it does not purport to be by way of charge only; and\n(c) notice of the assignment has been given to the Crown as provided in section 69.\n(3) [Effect of assignment] The assignment referred to in subsections (1) and (2) is effectual in law, subject to all equities that would have been entitled to priority over the right of the assignee if this section had not been enacted, to pass and transfer, from the date service on the Crown of notice of the assignment is effected,\n(a) the legal right to the Crown debt;\n(b) all legal and other remedies for the Crown debt; and\n(c) the power to give a good discharge for the Crown debt without the concurrence of the assignor.\n(4) [Original conditions and restrictions] An assignment made in accordance with this Part is subject to all conditions and restrictions in respect of the right of transfer that relate to the original Crown debt or that attach to or are contained in the original contract.\n(5) [Salary, wages, pay and allowances not assignable] Notwithstanding subsection (1), any amount due or becoming due by the Crown as or on account of salary, wages, pay or pay and allowances is not assignable and no transaction purporting to be an assignment of any such amount is effective to confer on any person any rights or remedies in respect of that amount.",
"citation": "FAA, s. 68"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "69",
"marginal_note": "Notice of assignment",
"part": "PART VII - Assignment of Crown Debts",
"division": "",
"heading": "PART VII - Assignment of Crown Debts",
"history": "R.S., c. F-10, s. 82",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-69.html",
"id": "F-11-s69",
"text": "69\n(1) The notice referred to in paragraph 68(2)(c) shall be given to the Crown by serving on or sending by registered mail to the Receiver General or a paying officer, in prescribed form, notice of the assignment, together with a copy of the assignment accompanied by such other documents completed in such manner as may be prescribed.\n(2) [When notice deemed served] Service of the notice referred to in subsection (1) shall be deemed not to have been effected until acknowledgment of the notice, in prescribed form, is sent to the assignee, by registered mail, under the hand of the appropriate paying officer.",
"citation": "FAA, s. 69"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "70",
"marginal_note": "Limitation of application of this Part",
"part": "PART VII - Assignment of Crown Debts",
"division": "",
"heading": "PART VII - Assignment of Crown Debts",
"history": "R.S., 1985, c. F-11, s. 70; 1998, c. 13, s. 21",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-70.html",
"id": "F-11-s70",
"text": "70 This Part does not apply\n(a) to any negotiable instrument;\n(b) to any Crown debt incurred by or in the name of a corporation set out in Schedule III; or\n(c) to any securities issued under Part IV.",
"citation": "FAA, s. 70"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "71",
"marginal_note": "Regulations",
"part": "PART VII - Assignment of Crown Debts",
"division": "",
"heading": "PART VII - Assignment of Crown Debts",
"history": "R.S., c. F-10, s. 84",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-71.html",
"id": "F-11-s71",
"text": "71 The Governor in Council may make regulations\n(a) designating persons as paying officers for the purposes of this Part;\n(b) prescribing additional classes of Crown debts for the purpose of subsection 68(1);\n(c) prescribing the forms of notices of assignment and acknowledgments thereof;\n(d) prescribing the documents to be submitted in connection with a notice of assignment, the forms of those documents and the manner in which they are to be completed; and\n(e) generally, for carrying into effect the purposes and provisions of this Part.",
"citation": "FAA, s. 71"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "72",
"marginal_note": "Definitions",
"part": "PART VIII - Assignment of Debts Due to the Crown Under Payment Bonds",
"division": "",
"heading": "PART VIII - Assignment of Debts Due to the Crown Under Payment Bonds",
"history": "R.S., 1985, c. F-11, s. 72; 1991, c. 24, s. 50(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-72.html",
"id": "F-11-s72",
"text": "72 In this Part,\nCrown means Her Majesty in right of Canada or any agent of Her Majesty in right of Canada and includes a Crown corporation and a departmental corporation; (Sa Majesté)\npayment bond means a bond held by the Crown as security for the payment of certain classes of persons who perform labour or services or supply material in connection with a contract between the Crown and a contractor. (cautionnement)",
"citation": "FAA, s. 72"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "73",
"marginal_note": "Assignment of Crown right under payment bond",
"part": "PART VIII - Assignment of Debts Due to the Crown Under Payment Bonds",
"division": "",
"heading": "PART VIII - Assignment of Debts Due to the Crown Under Payment Bonds",
"history": "R.S., 1985, c. F-11, s. 73; 1991, c. 24, s. 50(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-73.html",
"id": "F-11-s73",
"text": "73\n(1) Where an amount is due to the Crown under the provisions of a payment bond, a person who\n(a) performed labour or services or supplied material in connection with the contract in respect of which the payment bond is held,\n(b) is within a class of persons for the payment of which the payment bond is held as security, and\n(c) has not been paid in full for the labour or services performed or material supplied by him in connection with the contract within the time provided in the payment bond for payment to the class of persons of which that person is a member,\nis, without any act by or notice by or to the Crown, an assignee of the right of the Crown to recover an amount under the payment bond determined pursuant to subsection (2).\n(2) [Amount recoverable] The amount that may be recovered by a person referred to in subsection (1) shall be equal to the lesser of the amount due to that person for the labour or services performed or material supplied by him under the contract and the amount due to the Crown under the provisions of the payment bond.\n(3) [Crown not a party to action] A person who is an assignee of the right of the Crown to recover an amount under a payment bond may, in his own name, exercise the right that, but for this Act, the Crown would have had to bring action to enforce payment under the payment bond in accordance with its terms and conditions and the Crown shall be neither a party to, nor liable for any costs in connection with, that action.",
"citation": "FAA, s. 73"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "74",
"marginal_note": "Provision of certified copy of payment bond",
"part": "PART VIII - Assignment of Debts Due to the Crown Under Payment Bonds",
"division": "",
"heading": "PART VIII - Assignment of Debts Due to the Crown Under Payment Bonds",
"history": "R.S., 1985, c. F-11, s. 74; 1991, c. 24, s. 50(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-74.html",
"id": "F-11-s74",
"text": "74\n(1) A copy of a payment bond certified by the officer of the Crown having custody of the original payment bond shall be provided by that officer to any person who files with him an affidavit setting out that the person has performed labour or services or supplied material in connection with the contract for which the bond is held and that he has not been paid in full therefor.\n(2) [Certified copy as evidence] A document purporting to be a copy of a payment bond certified by the officer of the Crown having custody of the original payment bond is, without proof of the signature of the officer, admissible in evidence in any court of justice, or before a person having by law or by consent of parties authority to hear, receive and examine evidence in any action taken by a person under this Part, and has the same probative force as the original document would have if it were proven in the ordinary way.",
"citation": "FAA, s. 74"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "75",
"marginal_note": "Regulations",
"part": "PART VIII - Assignment of Debts Due to the Crown Under Payment Bonds",
"division": "",
"heading": "PART VIII - Assignment of Debts Due to the Crown Under Payment Bonds",
"history": "R.S., c. F-10, s. 88",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-75.html",
"id": "F-11-s75",
"text": "75 The Governor in Council, on the recommendation of the Treasury Board, may make regulations for carrying into effect the purposes and provisions of this Part.",
"citation": "FAA, s. 75"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "76",
"marginal_note": "Notice to persons failing to pay over public money",
"part": "PART IX - Civil Liability and Offences",
"division": "",
"heading": "PART IX - Civil Liability and Offences",
"history": "R.S., 1985, c. F-11, s. 76; 1991, c. 24, ss. 20, 50(F); 1999, c. 31, s. 114(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-76.html",
"id": "F-11-s76",
"text": "76\n(1) Where the appropriate Minister or the Receiver General believes on reasonable grounds that any person\n(a) has received money for Her Majesty and has not duly paid it over,\n(b) has received money for which the person is accountable to Her Majesty and has not duly accounted for it, or\n(c) has received any public money applicable to any purpose and has not duly applied it,\nthe appropriate Minister or the Receiver General, as the case may be, may cause a notice to be served on that person, or on the person’s representative in case of the person’s death, requiring the person, within such time after the service of the notice as may be named therein, duly to pay over, account for or apply that money, as the case may be, and to transmit to the appropriate Minister or the Receiver General, as the notice provides, proper vouchers that the person has done so.\n(2) [Proceedings where notice not complied with] Where a person does not comply with a notice served under subsection (1), the appropriate Minister or the Receiver General, as the case may be, shall state an account between that person and Her Majesty showing the amount of money not duly paid over, accounted for or applied, as the case may be, and may charge interest on the whole or any part of that amount from such date as the appropriate Minister or the Receiver General may determine and at such rate as may be prescribed pursuant to subsection 155.1(6).\n(3) [Evidence] In any proceedings for the recovery of money referred to in subsection (2), a copy of the account stated and certified by the appropriate Minister or the Receiver General is evidence that the amount stated in the account, together with interest, is due and payable to Her Majesty, without proof of the signature of the appropriate Minister or the Receiver General or the official character of the office.\n(4) [Recovery] Any amount of money referred to in subsection (1) and the interest on that amount may be recovered as a debt due to Her Majesty.",
"citation": "FAA, s. 76"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "77",
"marginal_note": "Evidence",
"part": "PART IX - Civil Liability and Offences",
"division": "",
"heading": "PART IX - Civil Liability and Offences",
"history": "R.S., c. F-10, s. 90",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-77.html",
"id": "F-11-s77",
"text": "77 Where it appears by the books or accounts kept by or in the office of any person employed in the collection or management of the revenue, in any accounting by that person or by his written acknowledgment or confession, that that person has, by virtue of his office or employment, received money belonging to Her Majesty and refused or neglected to pay over that money to the proper persons at the proper times, an affidavit deposing to those facts, taken by any person having knowledge thereof, shall, in any proceedings for the recovery of that money, be admitted in evidence and is, in the absence of any evidence to the contrary, proof of the facts stated therein.",
"citation": "FAA, s. 77"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "78",
"marginal_note": "Liability for loss",
"part": "PART IX - Civil Liability and Offences",
"division": "",
"heading": "PART IX - Civil Liability and Offences",
"history": "R.S., c. F-10, s. 91; 1980-81-82-83, c. 170, s. 19",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-78.html",
"id": "F-11-s78",
"text": "78 Where, by reason of any malfeasance or negligence by any person employed in collecting or receiving any public money, any sum of money is lost to Her Majesty, that person is accountable for the sum as if that person had collected and received it and it may be recovered from that person as if that person had collected and received it.",
"citation": "FAA, s. 78"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "79",
"marginal_note": "Regulations in respect of losses of money and public property",
"part": "PART IX - Civil Liability and Offences",
"division": "",
"heading": "PART IX - Civil Liability and Offences",
"history": "1980-81-82-83, c. 170, s. 19",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-79.html",
"id": "F-11-s79",
"text": "79 The Governor in Council, on the recommendation of the Treasury Board, may make regulations\n(a) prescribing the actions to be taken in respect of losses of money or public property, however caused, suffered by Her Majesty;\n(b) respecting the charging of losses of money suffered by Her Majesty against the appropriations to which they relate; and\n(c) prescribing the records to be kept and providing for the reporting in the Public Accounts in respect of every loss referred to in paragraph (a).",
"citation": "FAA, s. 79"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "80",
"marginal_note": "Offences and punishment",
"part": "PART IX - Civil Liability and Offences",
"division": "",
"heading": "PART IX - Civil Liability and Offences",
"history": "R.S., 1985, c. F-11, s. 80; 2006, c. 9, s. 261",
"last_amended": "2007-03-01",
"in_force": "2007-03-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-80.html",
"id": "F-11-s80",
"text": "80\n(1) Every officer or person acting in any office or employment connected with the collection, management or disbursement of public money who\n(a) receives any compensation or reward for the performance of any official duty, except as by law prescribed,\n(b) conspires or colludes with any other person to defraud Her Majesty, or makes opportunity for any person to defraud Her Majesty,\n(c) designedly permits any contravention of the law by any other person,\n(d) wilfully makes or signs any false entry in any book, or wilfully makes or signs any false certificate or return in any case in which it is the duty of that officer or person to make an entry, certificate or return,\n(e) having knowledge or information of the contravention of this Act or the regulations or any revenue law of Canada by any person, or of fraud committed by any person against Her Majesty, under this Act or the regulations or any revenue law of Canada, fails to report, in writing, that knowledge or information to a superior officer, or\n(f) demands or accepts or attempts to collect, directly or indirectly, as payment or gift or otherwise, any sum of money, or other thing of value, for the compromise, adjustment or settlement of any charge or complaint for any contravention or alleged contravention of law,\nis guilty of an indictable offence and liable on conviction to a fine not exceeding five thousand dollars and to imprisonment for a term not exceeding five years.\n(2) [Fraud against Her Majesty] Every officer or person acting in any office or employment connected with the collection, management or disbursement of public money who, by deceit, falsehood or other fraudulent means, defrauds Her Majesty of any money, securities, property or service is guilty of an indictable offence and liable on conviction,\n(a) if the amount of the money or the value of the securities, property or service does not exceed $5,000, to a fine not exceeding $5,000 and to imprisonment for a term not exceeding five years; or\n(b) if the amount of the money or the value of the securities, property or service exceeds $5,000, to a fine not exceeding that amount or that value and to imprisonment for a term not exceeding fourteen years.",
"citation": "FAA, s. 80"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "81",
"marginal_note": "Idem, where bribes offered or accepted",
"part": "PART IX - Civil Liability and Offences",
"division": "",
"heading": "PART IX - Civil Liability and Offences",
"history": "R.S., c. F-10, s. 93",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-81.html",
"id": "F-11-s81",
"text": "81 Every person who\n(a) promises, offers or gives any bribe to any officer or any person acting in any office or employment connected with the collection, management or disbursement of public money, with intent\n(i) to influence the decision or action of that officer or person on any question or matter that is then pending, or may, by law, be brought before him in his official capacity, or\n(ii) to influence that officer or person to commit, or aid or abet in committing any fraud on the revenue, or to connive at, collude in, or allow or permit any opportunity for the commission of any such fraud, or\n(b) accepts or receives any such bribe,\nis guilty of an indictable offence and liable on conviction to a fine not exceeding three times the amount so offered or accepted and to imprisonment for any term not exceeding five years.",
"citation": "FAA, s. 81"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "82",
"marginal_note": "Books, etc., property of Her Majesty",
"part": "PART IX - Civil Liability and Offences",
"division": "",
"heading": "PART IX - Civil Liability and Offences",
"history": "R.S., c. F-10, s. 94",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-82.html",
"id": "F-11-s82",
"text": "82 All books, papers, accounts and documents kept or used by, or received or taken into the possession of, any officer or person who is or has been employed in the collection or management of the revenue or in accounting for the revenue, by virtue of that employment, shall be deemed to be chattels belonging to Her Majesty, and all money or valuable securities received or taken into the possession of that officer or person by virtue of his employment shall be deemed to be money and valuable securities belonging to Her Majesty.",
"citation": "FAA, s. 82"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "83",
"marginal_note": "Definitions",
"part": "PART X - Crown Corporations",
"division": "",
"heading": "Interpretation",
"history": "R.S., 1985, c. F-11, s. 83; R.S., 1985, c. 1 (4th Supp.), s. 26; 1991, c. 24, s. 21; 2005, c. 30, s. 133(E)",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-83.html",
"id": "F-11-s83-p1",
"text": "83\n(1) In this Part,\nagent corporation means a Crown corporation that is expressly declared by or pursuant to any other Act of Parliament to be an agent of the Crown; (société mandataire)\nappoint includes elect and designate; (nomination)\nappropriate Minister means,\n(a) in relation to a parent Crown corporation,\n(i) the Minister specified by or pursuant to any other Act of Parliament as the Minister in respect of that corporation, or\n(ii) if no Minister is specified as described in subparagraph (i), such member of the Queen’s Privy Council for Canada as is designated by order of the Governor in Council as the appropriate Minister for the corporation, and\n(b) in relation to a wholly-owned subsidiary, the appropriate Minister, as defined in paragraph (a), for the parent Crown corporation that wholly owns the subsidiary; (ministre de tutelle)\narticles means\n(a) original or restated articles of incorporation, articles of amendment, articles of amalgamation, articles of continuance, articles of reorganization, articles of arrangement, articles of dissolution and articles of revival, and includes any amendments thereto, and\n(b) letters patent, memorandum of association and any constating documents or other documents of a like nature to those referred to in paragraph (a), and includes any amendments thereto; (statuts)\nauditor includes a partnership of auditors; (vérificateur)\nboard of directors means a board of directors, by whatever name called, of a corporation and includes a group of persons, other than a minister of the Crown, that constitutes a corporation; (conseil d’administration)\nby-law means a by-law, by whatever name called, of a corporation and includes an amendment or a repeal of a by-law; (règlements administratifs)",
"citation": "FAA, s. 83 (part 1 of 5)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "83",
"marginal_note": "Definitions",
"part": "PART X - Crown Corporations",
"division": "",
"heading": "Interpretation",
"history": "R.S., 1985, c. F-11, s. 83; R.S., 1985, c. 1 (4th Supp.), s. 26; 1991, c. 24, s. 21; 2005, c. 30, s. 133(E)",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-83.html",
"id": "F-11-s83-p2",
"text": "chairperson means a person occupying the position of chairperson, by whatever name called, of the board of directors of a corporation; (président)\ncharter means\n(a) in relation to a corporation established by an Act of Parliament, the Act, and\n(b) in relation to a corporation established by articles, the articles; (acte constitutif)\ncorporation includes a company or other body corporate wherever or however incorporated; (personne morale)\nCrown means Her Majesty in right of Canada; (Sa Majesté)\nCrown corporation means a parent Crown corporation or a wholly-owned subsidiary; (société d’État)\ndirective[Repealed, 1991, c. 24, s. 21]\ndirector means a person occupying the position of director, by whatever name called, of a corporation and includes any person, other than a minister of the Crown, in a group of persons that constitutes a corporation; (administrateur)\nmajor business or activity, in relation to a parent Crown corporation or a wholly-owned subsidiary, means a class of business or activity of the corporation or subsidiary established pursuant to subsection (10) or, if no classes are so established, all the business or activity of the corporation or subsidiary; (activités principales)\nparent Crown corporation means a corporation that is wholly owned directly by the Crown, but does not include a departmental corporation; (société d’État mère)\nregulations means the regulations made under this Part; (règlements)\nshare includes a membership interest or ownership interest in a corporation; (action)",
"citation": "FAA, s. 83 (part 2 of 5)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "83",
"marginal_note": "Definitions",
"part": "PART X - Crown Corporations",
"division": "",
"heading": "Interpretation",
"history": "R.S., 1985, c. F-11, s. 83; R.S., 1985, c. 1 (4th Supp.), s. 26; 1991, c. 24, s. 21; 2005, c. 30, s. 133(E)",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-83.html",
"id": "F-11-s83-p3",
"text": "wholly-owned subsidiary means a corporation that is wholly owned by one or more parent Crown corporations directly or indirectly through any number of subsidiaries each of which is wholly owned directly or indirectly by one or more parent Crown corporations. (filiale à cent pour cent)\n(2) [Wholly owned by Crown] For the purposes of this Part, a corporation is wholly owned directly by the Crown if\n(a) all of the issued and outstanding shares of the corporation, other than shares necessary to qualify persons as directors, are held, otherwise than by way of security only, by, on behalf of or in trust for the Crown; or\n(b) all the directors of the corporation, other than ex officio directors, are appointed by the Governor in Council or by a minister of the Crown with the approval of the Governor in Council.\n(3) [Holding by agent corporations] For the purposes of subsection (2), shares held by a corporation that is an agent of the Crown\n(a) are deemed not to be held by or on behalf of the Crown; and\n(b) are not by reason of that fact alone shares held in trust for the Crown.\n(4) [Wholly owned by other corporation or corporations] For the purposes of this Part, a corporation is wholly owned by one or more other corporations if\n(a) all of the issued and outstanding shares of the corporation, other than shares necessary to qualify persons as directors, are held, otherwise than by way of security only, by, on behalf of or in trust for the one or more other corporations;\n(b) all the directors of the corporation are appointed by the board or boards of directors of the one or more other corporations; or\n(c) all the directors of the one or more other corporations are, by virtue of their being directors of the one or more other corporations, directors of the corporation.",
"citation": "FAA, s. 83 (part 3 of 5)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "83",
"marginal_note": "Definitions",
"part": "PART X - Crown Corporations",
"division": "",
"heading": "Interpretation",
"history": "R.S., 1985, c. F-11, s. 83; R.S., 1985, c. 1 (4th Supp.), s. 26; 1991, c. 24, s. 21; 2005, c. 30, s. 133(E)",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-83.html",
"id": "F-11-s83-p4",
"text": "(5) [Affiliates] For the purposes of this Part,\n(a) one corporation is an affiliate of another corporation if one of them is the subsidiary of the other or both are subsidiaries of the same corporation or each of them is controlled by the same person; and\n(b) if two corporations are affiliates of the same corporation at the same time, they are deemed to be affiliates of each other.\n(6) [Subsidiaries] For the purposes of this Part, a corporation is a subsidiary of another corporation if it is controlled by that other corporation.\n(7) [Control] For the purposes of this Part, a corporation with share capital is controlled by a person if\n(a) shares of the corporation to which are attached more than fifty per cent of the votes that may be cast to elect directors of the corporation are held, otherwise than by way of security only, by, on behalf of or in trust for that person; and\n(b) the votes attached to those shares are sufficient, if exercised, to elect a majority of the directors of the corporation.\n(8) [Idem] For the purposes of this Part, a corporation without share capital is controlled by a person if that person is able to appoint the majority of the directors of the corporation, whether or not he does so.\n(9) [Appointment] For the purposes of this Part, a person is deemed to be appointed by another person or group of persons if that person is appointed on the direction of that other person or group, whether or not he is actually appointed by that other person or group.",
"citation": "FAA, s. 83 (part 4 of 5)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "83",
"marginal_note": "Definitions",
"part": "PART X - Crown Corporations",
"division": "",
"heading": "Interpretation",
"history": "R.S., 1985, c. F-11, s. 83; R.S., 1985, c. 1 (4th Supp.), s. 26; 1991, c. 24, s. 21; 2005, c. 30, s. 133(E)",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-83.html",
"id": "F-11-s83-p5",
"text": "(10) [Major business or activity] Where, in the opinion of the Governor in Council, a parent Crown corporation or a wholly-owned subsidiary of a parent Crown corporation carries on, or a parent Crown corporation and any wholly-owned subsidiary of the corporation carry on, more than one business or activity, the parent Crown corporation shall, with the approval of the Governor in Council, classify the businesses or activities for the purposes of this Part.",
"citation": "FAA, s. 83 (part 5 of 5)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "84",
"marginal_note": "Binding on the Crown",
"part": "PART X - Crown Corporations",
"division": "",
"heading": "Application",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-84.html",
"id": "F-11-s84",
"text": "84 For greater certainty, this Part is binding on the Crown.",
"citation": "FAA, s. 84"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "85",
"marginal_note": "Exemption for Bank of Canada",
"part": "PART X - Crown Corporations",
"division": "",
"heading": "Application",
"history": "R.S., 1985, c. F-11, s. 85; R.S., 1985, c. 46 (1st Supp.), s. 7; 1992, c. 26, s. 18; 1993, c. 1, s. 9, c. 44, s. 156; 1997, c. 40, s. 108; 1998, c. 17, s. 31; 2001, c. 11, s. 6, c. 34, s. 16; 2002, c. 17, s. 14; 2005, c. 14, s. 8, c. 30, ss. 35, 51; 2006, c. 9, s. 262; 2009, c. 2, ss. 257, 369, c. 31, s. 59; 2013, c. 33, s. 228; 2016, c. 7, s. 163; 2020, c. 1, s. 54; 2024, c. 17, s. 179",
"last_amended": "2024-06-20",
"in_force": "2016-06-22",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-85.html",
"id": "F-11-s85",
"text": "85\n(1) Divisions I to IV, except for sections 89.8 to 89.92, 131.1 and 154.01, do not apply to the Bank of Canada.\n(1.01) [Exemption for Canada Pension Plan Investment Board] Divisions I to IV, except for section 154.01, do not apply to the Canada Pension Plan Investment Board.\n(1.1) [Exempted Crown corporations] Divisions I to IV, except for sections 89.8 to 89.92, subsection 105(2) and sections 113.1, 119, 131 to 148 and 154.01, do not apply to the Canada Council for the Arts, the Canadian Broadcasting Corporation, the International Development Research Centre or the National Arts Centre Corporation.\n(1.2) [Exemption for Telefilm Canada] Divisions I to IV, except for sections 89.8 to 89.92, subsection 105(2) and sections 113.1, 119, 131 to 148 and 154.01 and subject to subsection 21(2) of the Telefilm Canada Act, do not apply to Telefilm Canada.\n(2) [Exemption for RCMP and security services] Divisions I to IV do not apply to any Crown corporation incorporated or acquired, with the written authorization of the appropriate Minister,\n(a) by or on behalf of the Royal Canadian Mounted Police for the purpose of performing its functions under the laws of Canada;\n(a.1) by or on behalf of the Communications Security Establishment for the purpose of performing its functions under the Communications Security Establishment Act; or\n(b) by or on behalf of any service established by an Act of Parliament to collect information and intelligence respecting the security of Canada.\n(2.1) [Exemption for federal member institution] Divisions I to IV do not apply to a member institution, as defined in section 2 of the Canada Deposit Insurance Corporation Act, any shares of which are held by the Canada Deposit Insurance Corporation as the result of the granting of an exemption referred to in section 10.01 of that Act.\n(3) and (4) [Repealed, 2016, c. 7, s. 163]",
"citation": "FAA, s. 85"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "86",
"marginal_note": "Application to wholly-owned subsidiaries",
"part": "PART X - Crown Corporations",
"division": "",
"heading": "Application",
"history": "R.S., 1985, c. F-11, s. 86; 1991, c. 24, s. 22",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-86.html",
"id": "F-11-s86",
"text": "86\n(1) Each parent Crown corporation shall take such steps in relation to the articles, by-laws and management of each wholly-owned subsidiary of the corporation, if any, as are necessary to ensure that the businesses, activities and other affairs of the subsidiary are carried on in accordance with this Part and the regulations.\n(2) [Idem] The Governor in Council may declare any provision of this Part that applies only to parent Crown corporations to apply to a wholly-owned subsidiary, and the provision applies, with such modifications as the circumstances require, to that wholly-owned subsidiary as if it were a parent Crown corporation.",
"citation": "FAA, s. 86"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "87",
"marginal_note": "Inconsistencies",
"part": "PART X - Crown Corporations",
"division": "",
"heading": "Application",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-87.html",
"id": "F-11-s87",
"text": "87 Except as otherwise expressly provided, in the event of any inconsistency between the provisions of this Part and the provisions of any other Act of Parliament, the provisions of this Part prevail.",
"citation": "FAA, s. 87"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "88",
"marginal_note": "Accountability to Parliament",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Accountability to Parliament",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-88.html",
"id": "F-11-s88",
"text": "88 Each Crown corporation is ultimately accountable, through the appropriate Minister, to Parliament for the conduct of its affairs.",
"citation": "FAA, s. 88"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "89",
"marginal_note": "Directives by Governor in Council",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Directives",
"history": "R.S., 1985, c. F-11, s. 89; 1991, c. 24, s. 23",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-89.html",
"id": "F-11-s89",
"text": "89\n(1) The Governor in Council may, on the recommendation of the appropriate Minister, give a directive to any parent Crown corporation, if the Governor in Council is of the opinion that it is in the public interest to do so.\n(2) [Consultation] Before a directive is given to a parent Crown corporation, the appropriate Minister shall consult the board of directors of the corporation with respect to the content and effect of the directive.\n(3) [Repealed, 1991, c. 24, s. 23]\n(4) [Tabling in Parliament] The appropriate Minister shall cause a copy of any directive given to a parent Crown corporation to be laid before each House of Parliament on any of the first fifteen days on which that House is sitting after the directive is given.\n(5) [Repealed, 1991, c. 24, s. 23]\n(6) [Notification of implementation] Forthwith after implementing a directive and completing any actions required to be taken in connection therewith, a parent Crown corporation shall notify the appropriate Minister that the directive has been implemented.\n(7) [Restriction] No directive shall be given to the Standards Council of Canada with respect to\n(a) the manner in which voluntary standardization is promoted; or\n(b) the provision of financial assistance to or for the benefit of a particular person or group of persons.",
"citation": "FAA, s. 89"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "89.1",
"marginal_note": "Implementation",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Directives",
"history": "1991, c. 24, s. 24; 1998, c. 10, s. 173; 2014, c. 20, s. 188; 2015, c. 3, ss. 94(F), 175(F)",
"last_amended": "2015-02-26",
"in_force": "2015-02-26",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-89.1.html",
"id": "F-11-s89.1",
"text": "89.1\n(1) The directors of a parent Crown corporation to which a directive is given shall ensure that the directive is implemented in a prompt and efficient manner and, if in so doing they act in accordance with section 115, they are not accountable for any consequences arising from the implementation of the directive.\n(2) [Best interests] Compliance by a parent Crown corporation with a directive is deemed to be in the best interests of the corporation.\n(3) [Definition of directive] In this section, directive means\n(a) a directive given pursuant to subsection 89(1), 94(2) or 114(3);\n(b) a direction given under subsection 5(2) of the Canada Mortgage and Housing Corporation Act, subsection 9(2) of the Canadian Commercial Corporation Act or subsection 11(1) of the Canadian Dairy Commission Act; or\n(c) a directive given under subsection 22(1) of the Canada Post Corporation Act.",
"citation": "FAA, s. 89.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "89.2",
"marginal_note": "Directive",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Implementation of World Trade Organization Agreement",
"history": "1994, c. 47, s. 116; 2006, c. 9, s. 263",
"last_amended": "2007-03-01",
"in_force": "2007-03-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-89.2.html",
"id": "F-11-s89.2",
"text": "89.2\n(1) Notwithstanding subsections 85(1) to (1.2), the Governor in Council may give a directive pursuant to subsection 89(1) to any parent Crown corporation for the purpose of implementing any provision of the WTO Agreement that pertains to that Crown corporation.\n(2) [Regulations] The Governor in Council may, on the recommendation of the Treasury Board and the appropriate Minister made at the request of a Crown corporation, make such regulations in relation to that corporation as the Governor in Council considers necessary for the purpose of implementing any provision of the WTO Agreement that pertains to that corporation.\n(3) [Definition] In subsections (1) and (2), WTO Agreement has the meaning given to the word Agreement by subsection 2(1) of the World Trade Organization Agreement Implementation Act.",
"citation": "FAA, s. 89.2"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "89.3",
"marginal_note": "Directive",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Implementation of Canadian Free Trade Agreement",
"history": "1996, c. 17, s. 16; 2006, c. 9, s. 264; 2017, c. 33, s. 223",
"last_amended": "2017-12-14",
"in_force": "2017-12-14",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-89.3.html",
"id": "F-11-s89.3",
"text": "89.3 Despite subsections 85(1) to (1.2), the Governor in Council may give a directive under subsection 89(1) to any parent Crown corporation for the purpose of implementing any provision of the Agreement, as defined in section 2 of the Canadian Free Trade Agreement Implementation Act, that pertains to that Crown corporation.",
"citation": "FAA, s. 89.3"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "89.4",
"marginal_note": "Directive",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Implementation of Canada-Chile Free Trade Agreement",
"history": "1997, c. 14, s. 79; 2006, c. 9, s. 265",
"last_amended": "2007-03-01",
"in_force": "2007-03-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-89.4.html",
"id": "F-11-s89.4",
"text": "89.4\n(1) Notwithstanding subsections 85(1) to (1.2), the Governor in Council may give a directive under subsection 89(1) to any parent Crown corporation for the purpose of implementing any provision of the Canada-Chile Free Trade Agreement that pertains to that Crown corporation.\n(2) [Regulations] The Governor in Council may, on the recommendation of the Treasury Board and the appropriate Minister made at the request of a Crown corporation, make such regulations in relation to that corporation as the Governor in Council considers necessary for the purpose of implementing any provision of the Canada-Chile Free Trade Agreement that pertains to that corporation.\n(3) [Definition of Canada-Chile Free Trade Agreement] In subsections (1) and (2), Canada-Chile Free Trade Agreement has the meaning given to the word Agreement by subsection 2(1) of the Canada-Chile Free Trade Agreement Implementation Act.",
"citation": "FAA, s. 89.4"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "89.41",
"marginal_note": "Directive",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Implementation of Canada–Colombia Free Trade Agreement",
"history": "2010, c. 4, s. 47",
"last_amended": "2011-08-15",
"in_force": "2011-08-15",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-89.41.html",
"id": "F-11-s89.41",
"text": "89.41\n(1) Notwithstanding subsections 85(1) to (1.2), the Governor in Council may give a directive under subsection 89(1) to any parent Crown corporation for the purpose of implementing any provision of the Canada–Colombia Free Trade Agreement that pertains to that Crown corporation.\n(2) [Regulations] The Governor in Council may, on the recommendation of the Treasury Board and the appropriate Minister made at the request of a Crown corporation, make any regulations in relation to that corporation that the Governor in Council considers necessary for the purpose of implementing any provision of the Canada–Colombia Free Trade Agreement that pertains to that corporation.\n(3) [Definition of Canada–Colombia Free Trade Agreement] In subsections (1) and (2), Canada–Colombia Free Trade Agreement has the same meaning as Agreement in section 2 of the Canada–Colombia Free Trade Agreement Implementation Act.",
"citation": "FAA, s. 89.41"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "89.5",
"marginal_note": "Directive",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Implementation of Canada — Costa Rica Free Trade Agreement",
"history": "2001, c. 28, s. 51; 2006, c. 9, s. 266",
"last_amended": "2007-03-01",
"in_force": "2007-03-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-89.5.html",
"id": "F-11-s89.5",
"text": "89.5\n(1) Notwithstanding subsections 85(1) to (1.2), the Governor in Council may give a directive under subsection 89(1) to any parent Crown corporation for the purpose of implementing any provision of the Canada — Costa Rica Free Trade Agreement that pertains to that Crown corporation.\n(2) [Regulations] The Governor in Council may, on the recommendation of the Treasury Board and the appropriate Minister made at the request of a Crown corporation, make such regulations in relation to that corporation as the Governor in Council considers necessary for the purpose of implementing any provision of the Canada — Costa Rica Free Trade Agreement that pertains to that corporation.\n(3) [Definition of Canada — Costa Rica Free Trade Agreement] In subsections (1) and (2), Canada — Costa Rica Free Trade Agreement has the meaning given to the word Agreement by subsection 2(1) of the Canada — Costa Rica Free Trade Agreement Implementation Act.",
"citation": "FAA, s. 89.5"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "89.6",
"marginal_note": "Directive",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Implementation of Canada–Peru Free Trade Agreement",
"history": "2009, c. 16, s. 55",
"last_amended": "2009-08-01",
"in_force": "2009-08-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-89.6.html",
"id": "F-11-s89.6",
"text": "89.6\n(1) Notwithstanding subsections 85(1) to (1.2), the Governor in Council may give a directive under subsection 89(1) to any parent Crown corporation for the purpose of implementing any provision of the Canada–Peru Free Trade Agreement that pertains to that Crown corporation.\n(2) [Regulations] The Governor in Council may, on the recommendation of the Treasury Board and the appropriate Minister made at the request of a Crown corporation, make any regulations in relation to that corporation that the Governor in Council considers necessary for the purpose of implementing any provision of the Canada–Peru Free Trade Agreement that pertains to that corporation.\n(3) [Definition of Canada–Peru Free Trade Agreement] In subsections (1) and (2), Canada–Peru Free Trade Agreement has the same meaning as Agreement in section 2 of the Canada–Peru Free Trade Agreement Implementation Act.",
"citation": "FAA, s. 89.6"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "89.7",
"marginal_note": "Directive",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Implementation of Other Free Trade Agreements",
"history": "2012, c. 18, s. 42",
"last_amended": "2012-10-01",
"in_force": "2012-10-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-89.7.html",
"id": "F-11-s89.7",
"text": "89.7\n(1) Despite subsections 85(1) to (1.2), the Governor in Council may give a directive under subsection 89(1) to any parent Crown corporation for the purpose of implementing any provision of a free trade agreement set out in Schedule VII that pertains to that Crown corporation.\n(2) [Regulations] The Governor in Council may, on the recommendation of the Treasury Board and the appropriate Minister made at the request of a Crown corporation, make any regulations in relation to that corporation that the Governor in Council considers necessary for the purpose of implementing any provision of a free trade agreement set out in Schedule VII that pertains to that corporation.",
"citation": "FAA, s. 89.7"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "89.8",
"marginal_note": "Order — unionized employees",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Orders — Terms and Conditions of Employment",
"history": "2013, c. 33, s. 229",
"last_amended": "2013-06-26",
"in_force": "2013-06-26",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-89.8.html",
"id": "F-11-s89.8",
"text": "89.8\n(1) The Governor in Council may, by order, direct a Crown corporation to have its negotiating mandate approved by the Treasury Board for the purpose of the Crown corporation entering into a collective agreement with a bargaining agent for a bargaining unit.\n(2) [Power of Treasury Board] If the Governor in Council directs a Crown corporation to have its negotiating mandate approved, the Treasury Board may impose any requirement on the Crown corporation with respect to that negotiating mandate.\n(3) [Attendance and observation] If the Governor in Council directs a Crown corporation to have its negotiating mandate approved, the Treasury Board may require that an employee under the jurisdiction of the Secretary of the Treasury Board attend and observe the collective bargaining between the Crown corporation and the bargaining agent, in which case that employee is entitled to do so.\n(4) [Collective agreement] A Crown corporation that is subject to an order made under subsection (1) may enter into a collective agreement referred to in the order only with the Treasury Board’s approval.",
"citation": "FAA, s. 89.8"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "89.9",
"marginal_note": "Order — non-unionized employees",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Orders — Terms and Conditions of Employment",
"history": "2013, c. 33, s. 229",
"last_amended": "2013-06-26",
"in_force": "2013-06-26",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-89.9.html",
"id": "F-11-s89.9",
"text": "89.9\n(1) The Governor in Council may, by order, direct a Crown corporation to obtain the Treasury Board’s approval before the Crown corporation fixes the terms and conditions of employment of its non-unionized employees who are not appointed by the Governor in Council.\n(2) [Power of Treasury Board] If the Governor in Council directs a Crown corporation to obtain the Treasury Board’s approval, the Treasury Board may impose any requirement on the Crown corporation with respect to the terms and conditions of employment of those employees.",
"citation": "FAA, s. 89.9"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "89.91",
"marginal_note": "Directors’ duty to comply",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Orders — Terms and Conditions of Employment",
"history": "2013, c. 33, s. 229",
"last_amended": "2013-06-26",
"in_force": "2013-06-26",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-89.91.html",
"id": "F-11-s89.91",
"text": "89.91\n(1) The directors of a Crown corporation that is subject to an order made under subsection 89.8(1) or 89.9(1) shall ensure that subsection 89.8(4), the order and any requirement imposed under subsection 89.8(2) or 89.9(2) are complied with and, if in so doing they act in accordance with section 115, they are not accountable for any consequences arising from that compliance.\n(2) [Best interests] Compliance by a Crown corporation with subsection 89.8(4), the order or the requirement is deemed to be in the best interests of the corporation.",
"citation": "FAA, s. 89.91"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "89.92",
"marginal_note": "Treasury Board not employer",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Orders — Terms and Conditions of Employment",
"history": "2013, c. 33, s. 229",
"last_amended": "2013-06-26",
"in_force": "2013-06-26",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-89.92.html",
"id": "F-11-s89.92",
"text": "89.92 For greater certainty, including for the purposes of the Canada Labour Code, the Treasury Board is neither the employer of the employees of the Crown corporation that is subject to an order made under subsection 89.8(1) or 89.9(1) nor an employer representative of the Crown corporation or a person acting on the Crown corporation’s behalf.",
"citation": "FAA, s. 89.92"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "90",
"marginal_note": "Transactions requiring Parliamentary authorization",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Restricted Transactions",
"history": "R.S., 1985, c. F-11, s. 90; 1991, c. 24, s. 50(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-90.html",
"id": "F-11-s90",
"text": "90\n(1) No person shall, unless authorized by an Act of Parliament,\n(a) procure the incorporation of a corporation any shares of which, on incorporation, would be held by, on behalf of or in trust for the Crown;\n(b) acquire shares of a corporation that, on acquisition, would be held by, on behalf of or in trust for the Crown;\n(c) apply for articles that would add to or otherwise make a material change in the objects or purposes for which a parent Crown corporation is incorporated, or the restrictions on the businesses or activities that a parent Crown corporation may carry on, as set out in its articles;\n(d) sell or otherwise dispose of any shares of a parent Crown corporation; or\n(e) procure the dissolution or amalgamation of a parent Crown corporation.\n(2) [Idem] No parent Crown corporation shall, unless authorized by an Act of Parliament, sell or otherwise dispose of all or substantially all of the assets of the corporation.\n(3) [Idem] Subject to subsection (2), no corporation, or corporations, in a related group shall, unless authorized by an Act of Parliament, sell or otherwise dispose of any of the assets of the corporation or corporations, if the assets to be sold or otherwise disposed of constitute all or substantially all of the total assets of the group.\n(4) [Holding by agent corporations] For the purposes of paragraphs (1)(a) and (b), shares held by a corporation that is an agent of the Crown\n(a) are deemed not to be held by or on behalf of the Crown; and\n(b) are not by reason of that fact alone shares held in trust for the Crown.\n(5) [Interpretation] For the purposes of this section and sections 91 to 94,\n(a) a reference to an acquisition or a sale or other disposal includes an acquisition or a sale or other disposal\n(i) that is between agent corporations or between the Crown and an agent corporation, or\n(ii) that occurs as a result of more than one related transaction or event;\n(b) a reference to the assets of a corporation or corporations includes shares of another corporation held by, on behalf of or in trust for the corporation or corporations;\n(c) person includes an agent of the Crown;\n(d) related group means a group of corporations consisting of a parent Crown corporation and all of its wholly-owned subsidiaries; and\n(e) shares includes any conversion or exchange privilege, option or right to acquire shares.",
"citation": "FAA, s. 90"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "91",
"marginal_note": "Transactions requiring Governor in Council authorization",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Restricted Transactions",
"history": "R.S., 1985, c. F-11, s. 91; 1991, c. 24, ss. 25, 50(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-91.html",
"id": "F-11-s91-p1",
"text": "91\n(1) Subject to section 90, no parent Crown corporation or wholly-owned subsidiary of a parent Crown corporation shall, unless authorized by the Governor in Council,\n(a) procure the incorporation of a corporation any shares of which, on incorporation, would be held by, on behalf of or in trust for the corporation or subsidiary;\n(b) acquire shares of a corporation that, on acquisition, would be held by, on behalf of or in trust for the corporation or subsidiary;\n(c) acquire all or substantially all of the assets of another corporation;\n(d) sell or otherwise dispose of any shares of a wholly-owned subsidiary of the corporation; or\n(e) procure the dissolution or amalgamation of a wholly-owned subsidiary of the corporation.\n(2) [Idem] Subject to section 90 and subsection (3), no corporation, or corporations, in a related group shall, unless authorized by the Governor in Council, sell or otherwise dispose of any of the assets of the corporation or corporations used in any major business or activity of the corporation or corporations, if the assets to be sold or otherwise disposed of constitute all or substantially all of the total assets of the group used in that major business or activity.\n(3) [Idem] Subject to section 90, no wholly-owned subsidiary shall, unless authorized by the Governor in Council,\n(a) sell or otherwise dispose of any shares of the subsidiary; or\n(b) sell or otherwise dispose of all or substantially all of the assets of the subsidiary.\n(4) [Idem] Subject to section 90, no person shall, unless authorized by the Governor in Council, apply for articles in respect of a parent Crown corporation.",
"citation": "FAA, s. 91 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "91",
"marginal_note": "Transactions requiring Governor in Council authorization",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Restricted Transactions",
"history": "R.S., 1985, c. F-11, s. 91; 1991, c. 24, ss. 25, 50(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-91.html",
"id": "F-11-s91-p2",
"text": "(5) [Inclusion in corporate plan] Where a parent Crown corporation sets out the details of a proposed transaction in a corporate plan submitted pursuant to section 122, the Governor in Council, in addition to approving the plan under that section, may authorize a person to undertake the transaction for the purposes of this section.\n(6) [Power to execute transaction required] No person shall be authorized under this section to undertake a transaction unless the Governor in Council is satisfied that the person is otherwise empowered to undertake the transaction.\n(7) [Terms and conditions] The Governor in Council may, in any authorization under this section, specify such terms and conditions as the Governor in Council deems appropriate and may make the authorization either one of general application or in respect of any specified transaction or transactions.",
"citation": "FAA, s. 91 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "92",
"marginal_note": "Exceptions",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Restricted Transactions",
"history": "R.S., 1985, c. F-11, s. 92; 1991, c. 24, s. 26",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-92.html",
"id": "F-11-s92",
"text": "92\n(1) Sections 90 and 91 do not apply in respect of\n(a) the acquisition of shares or assets by way of security only, or the sale or other disposal of shares or assets held by way of security only;\n(b) the acquisition or the sale or other disposal of shares or assets in the ordinary course of a business of providing financial assistance;\n(c) the acquisition or the sale or other disposal of shares or assets, if the acquisition, sale or disposal involves only\n(i) a parent Crown corporation and one or more wholly-owned subsidiaries of the corporation, or\n(ii) two or more wholly-owned subsidiaries\nand is made as part of a bona fide reorganization of the parent Crown corporation or wholly-owned subsidiaries;\n(d) the acquisition of shares by way of the exercise of any conversion or exchange privilege, option or right to acquire shares, if that privilege, option or right was acquired in accordance with section 90 or 91, as the case may be;\n(e) the acquisition of shares of a parent Crown corporation by the corporation; or\n(f) the acquisition of shares of a wholly-owned subsidiary by the subsidiary, the parent Crown corporation that wholly owns the subsidiary or any other wholly-owned subsidiary of that parent Crown corporation.\n(1.1) [Exception] Paragraphs 90(1)(b) and 91(1)(b) do not apply in respect of the nomination or appointment of a person to the board of directors or membership of a corporation, except where\n(a) a majority of the directors or members are nominated or appointed by or on behalf of the Crown or by directors or members who were nominated or appointed by or on behalf of the Crown; or\n(b) the Crown would otherwise obtain control of the corporation.\n(2) [Regulations] The Governor in Council may make regulations exempting a specified parent Crown corporation or wholly-owned subsidiary or a parent Crown corporation or wholly-owned subsidiary of a specified class from the application of section 91, either generally or in respect of any transaction of a specified class.",
"citation": "FAA, s. 92"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "93",
"marginal_note": "Notification",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Restricted Transactions",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-93.html",
"id": "F-11-s93",
"text": "93\n(1) Where a person undertakes a transaction referred to in section 90 or 91, that person shall notify the prescribed person in accordance with the regulations.\n(2) [Regulations] For the purposes of subsection (1), the Governor in Council may make regulations prescribing the person to be notified and the time within which and manner in which that person is to be notified.",
"citation": "FAA, s. 93"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "94",
"marginal_note": "Dissolution",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Restricted Transactions",
"history": "R.S., 1985, c. F-11, s. 94; 1991, c. 24, s. 27",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-94.html",
"id": "F-11-s94",
"text": "94\n(1) Notwithstanding section 90, where a parent Crown corporation is not named in Schedule III within a period of sixty days after its incorporation or acquisition, the directors and shareholders of the corporation shall forthwith after the expiration of that period take all steps necessary to dissolve the corporation.\n(2) [Dissolution or sale] Notwithstanding section 91, the Governor in Council may direct that\n(a) any wholly-owned subsidiary incorporated contrary to section 91 be dissolved or otherwise disposed of,\n(b) any shares of a corporation acquired contrary to section 91 be sold or otherwise disposed of,\n(c) any change effected by articles contrary to section 91 be reversed, or\n(d) any assets acquired contrary to section 91 be sold or otherwise disposed of,\nand the directors and shareholders of the corporation in respect of which the direction is given shall forthwith take all steps necessary to comply with the direction.",
"citation": "FAA, s. 94"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "95",
"marginal_note": "No inconsistent business or activity",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Restricted Transactions",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-95.html",
"id": "F-11-s95",
"text": "95\n(1) No parent Crown corporation or wholly-owned subsidiary of a parent Crown corporation shall carry on any business or activity that is not consistent with the objects or purposes for which the parent Crown corporation is incorporated, or the restrictions on the businesses or activities that it may carry on, as set out in its charter.\n(2) [Savings] Subsection (1) shall not be construed as prohibiting or restricting a parent Crown corporation or wholly-owned subsidiary from continuing to carry on any business or activity that it carried on immediately before September 1, 1984.",
"citation": "FAA, s. 95"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "96",
"marginal_note": "Exercise of powers",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Crown Agency Status",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-96.html",
"id": "F-11-s96",
"text": "96 An agent corporation may exercise its powers only as an agent of the Crown.",
"citation": "FAA, s. 96"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "97",
"marginal_note": "Name in contracts",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Crown Agency Status",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-97.html",
"id": "F-11-s97",
"text": "97 An agent corporation may enter into contracts in the name of the Crown or in the name of the corporation.",
"citation": "FAA, s. 97"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "98",
"marginal_note": "Legal proceedings",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Crown Agency Status",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-98.html",
"id": "F-11-s98",
"text": "98 Actions, suits or other legal proceedings in respect of any right or obligation acquired or incurred by an agent corporation, whether in the name of the Crown or in the name of the corporation, may be brought or taken by or against the corporation in the name of the corporation in any court that would have jurisdiction if the corporation were not an agent of the Crown.",
"citation": "FAA, s. 98"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "99",
"marginal_note": "Property of the Crown",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Crown Agency Status",
"history": "R.S., 1985, c. F-11, s. 99; 1991, c. 24, s. 28, c. 50, s. 28; 2001, c. 4, s. 161; 2009, c. 2, s. 370",
"last_amended": "2009-03-12",
"in_force": "2009-03-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-99.html",
"id": "F-11-s99",
"text": "99\n(1) Where the title to property is held in the name of an agent corporation, that property is the property of the Crown.\n(2) [Disposal of property] Subject to this section and sections 90, 91 and 130, an agent corporation may sell or otherwise dispose of or lease any property held by the corporation and may retain and use the proceeds of the disposal or lease, but only\n(a) in accordance with the regulations; or\n(b) on the authorization of the Governor in Council.\n(3) [Exception] Subsection (2) does not apply in respect of any sale or other disposal or lease of property by an agent corporation established by an Act of Parliament, if the corporation is specifically empowered by that Act or any other Act of Parliament\n(a) to sell or otherwise dispose of or lease property; or\n(b) to sell or otherwise dispose of or lease property for consideration not exceeding a specified amount and the sale or other disposal or lease of the property is for consideration equal to or less than the specified amount.\n(4) [Regulations] For the purposes of subsection (2), the Governor in Council may make regulations\n(a) prescribing the terms and conditions on which an agent corporation may sell or otherwise dispose of or lease property;\n(b) prescribing the circumstances in which an agent corporation may retain and use all or any part of the proceeds of any disposal or lease of property; and\n(c) exempting a specified agent corporation or an agent corporation of a specified class from the application of paragraphs (2)(a) and (b), either generally or in respect of any specified property or any property of a specified class.\n(5) [Terms and conditions] The Governor in Council may, in any authorizing order under subsection (2), specify any terms and conditions that the Governor in Council considers appropriate, including terms and conditions respecting the retention and use of all or any part of the proceeds of the disposal or lease by the agent corporation.\n(6) [Provision and Acts not applicable] Section 61 of this Act, the Surplus Crown Assets Act, and the Federal Real Property and Federal Immovables Act, except paragraphs 16(1)(g) and (h) and (2)(g) and subsection 18(6), do not apply to an agent corporation.",
"citation": "FAA, s. 99"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "100",
"marginal_note": "Security interests",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Crown Agency Status",
"history": "R.S., 1985, c. F-11, s. 100; 2013, c. 40, s. 270",
"last_amended": "2013-12-12",
"in_force": "2013-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-100.html",
"id": "F-11-s100",
"text": "100\n(1) Subject to subsection (2), no agent corporation, for the purposes of securing payment of a debt or performance of an obligation, shall charge, mortgage, hypothecate, cede and transfer, pledge or otherwise create an interest in or charge on any property held by the corporation.\n(2) [Exception] Subject to any terms and conditions set out in the designation, an agent corporation designated by the Minister may pledge any securities or cash that it holds, or give deposits, as security for the payment or performance of any obligation of the corporation arising out of any derivative that it enters into or guarantees for the management of financial risks.",
"citation": "FAA, s. 100"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "101",
"marginal_note": "Borrowing",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Crown Agency Status",
"history": "R.S., 1985, c. F-11, s. 101; 2018, c. 12, s. 200",
"last_amended": "2018-06-21",
"in_force": "2018-06-21",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-101.html",
"id": "F-11-s101",
"text": "101\n(1) No agent corporation shall borrow money otherwise than from the Crown, unless the corporation is both\n(a) empowered by an Act of Parliament to so borrow money; and\n(b) specifically authorized by any Act of Parliament, including an appropriation Act, to so borrow money.\n(2) [Leases] Despite any regulations made under paragraph 127(4)(b), subsection (1) does not apply in respect of leases, as defined in the Handbook of the Chartered Professional Accountants of Canada, as amended from time to time.",
"citation": "FAA, s. 101"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "102",
"marginal_note": "Assertions",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Third Parties",
"history": "R.S., 1985, c. F-11, s. 102; 2005, c. 30, s. 133(E)",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-102.html",
"id": "F-11-s102-p1",
"text": "102\n(1) A Crown corporation may not assert against a person dealing with the corporation or with any person who has acquired rights from the corporation that\n(a) this Part or the regulations, the charter or by-laws of the corporation or any directive given to the corporation have not been complied with,\n(b) a person held out by the corporation as a director, officer or agent of the corporation has not been duly appointed or has no authority to exercise the powers and perform the duties that are customary in the business or activity of the corporation or usual for such a director, officer or agent, or\n(c) a document issued by any director, officer or agent of the corporation having apparent authority to issue the document is not valid or genuine by reason only that the director, officer or agent lacked actual authority to issue the document,\nexcept where the person has knowledge that the facts asserted are true.\n(2) [Certificate] A certificate stating that\n(a) any particular transaction has been authorized by the Governor in Council pursuant to section 91 or 99, has or has not been directed by the Governor in Council pursuant to section 94 or has been approved by the Minister of Finance pursuant to subsection 127(3),\n(b) any particular transaction is consistent with a corporate plan or any amendment thereto approved pursuant to section 122, or\n(c) any particular capital expenditure or commitment to make a capital expenditure is included in a capital budget, an item in a capital budget or an amendment to a capital budget that has been approved pursuant to section 124\nand that is signed by the chairperson or chief executive officer of a Crown corporation is sufficient confirmation of the statement to any person, except where the person has knowledge to the contrary.",
"citation": "FAA, s. 102 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "102",
"marginal_note": "Assertions",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Third Parties",
"history": "R.S., 1985, c. F-11, s. 102; 2005, c. 30, s. 133(E)",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-102.html",
"id": "F-11-s102-p2",
"text": "(3) [Absence of authorization, direction or approval] The absence of any authorization, direction or approval referred to in subsection (2) does not affect any right or remedy otherwise available to any person, except where the person knows of such absence.\n(4) [Invalidity] No action of a Crown corporation, including a transfer of property, is invalid by reason only that the corporation was without the capacity or power to so act.\n(5) [No constructive notice] No person dealing with a Crown corporation or with any person who has acquired rights from a Crown corporation shall be deemed to have notice or knowledge of the contents of a document, other than an Act of Parliament or any instrument required to be published in the Canada Gazette pursuant to the Statutory Instruments Act, concerning the corporation by reason only that the document has been made public.",
"citation": "FAA, s. 102 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "103",
"marginal_note": "Provision not applicable",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Application",
"history": "R.S., 1985, c. F-11, s. 103; 1994, c. 24, s. 34(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-103.html",
"id": "F-11-s103",
"text": "103 Section 268 of the Canada Business Corporations Act does not apply to a parent Crown corporation.",
"citation": "FAA, s. 103"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "104",
"marginal_note": "Act not applicable",
"part": "PART X - Crown Corporations",
"division": "DIVISION I - Corporate Affairs",
"heading": "Application",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-104.html",
"id": "F-11-s104",
"text": "104 The Canada Corporations Act, chapter C-32 of the Revised Statutes of Canada, 1970, does not apply to a parent Crown corporation.",
"citation": "FAA, s. 104"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "104.1",
"marginal_note": "Definition of officer-director",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Interpretation",
"history": "1991, c. 24, s. 29; 2004, c. 16, s. 7",
"last_amended": "2004-05-06",
"in_force": "2004-05-06",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-104.1.html",
"id": "F-11-s104.1",
"text": "104.1 In this Division, officer-director, in respect of a parent Crown corporation, means the chairperson and the chief executive officer of the corporation, by whatever name called.",
"citation": "FAA, s. 104.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "105",
"marginal_note": "Appointment of directors",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Appointment",
"history": "R.S., 1985, c. F-11, s. 105; R.S., 1985, c. 1 (4th Supp.), s. 44(E); 1991, c. 24, s. 30; 2004, c. 16, s. 8; 2006, c. 9, s. 267; 2009, c. 2, s. 371",
"last_amended": "2009-03-12",
"in_force": "2009-03-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-105.html",
"id": "F-11-s105-p1",
"text": "105\n(1) Each director, other than an officer-director, of a parent Crown corporation shall be appointed by the appropriate Minister, with the approval of the Governor in Council, to hold office during pleasure for a term not exceeding four years that will ensure, as far as possible, the expiration in any one year of the terms of office of not more than one half of the directors of the corporation.\n(2) [Officer or employee not to be director] No officer or employee of a Crown corporation or any of its affiliates, other than the chief executive officer of a parent Crown corporation, shall be a director of the parent Crown corporation.\n(2.1) [Transitional provision] Any officer or employee of a Crown corporation or any of its affiliates, other than the chief executive officer of a parent Crown corporation, who was a director of the parent Crown corporation immediately before the day on which this subsection comes into force may continue as a director of that corporation for six months after that day or, if it is shorter, the remainder of his or her term.\n(3) [Re-appointment] A director of a parent Crown corporation is eligible for re-appointment on the expiration of his term of office.\n(4) [Continuation in office] Despite subsection (1), if a director of a parent Crown corporation is not appointed to take office on the expiration of the term of an incumbent director, other than an officer-director, the incumbent director continues in office until his or her successor is appointed.\n(5) [Appointment of officer-directors] Each officer-director of a parent Crown corporation shall be appointed by the Governor in Council to hold office during pleasure for such term as the Governor in Council considers appropriate.",
"citation": "FAA, s. 105 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "105",
"marginal_note": "Appointment of directors",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Appointment",
"history": "R.S., 1985, c. F-11, s. 105; R.S., 1985, c. 1 (4th Supp.), s. 44(E); 1991, c. 24, s. 30; 2004, c. 16, s. 8; 2006, c. 9, s. 267; 2009, c. 2, s. 371",
"last_amended": "2009-03-12",
"in_force": "2009-03-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-105.html",
"id": "F-11-s105-p2",
"text": "(6) [Consultation] Before an officer-director of a parent Crown corporation is appointed, the appropriate Minister shall consult the board of directors of the corporation with respect to the appointment.\n(7) [Appointment of subordinate officers] Subject to any other Act of Parliament that was in force on September 1, 1984, the board of directors of a parent Crown corporation is responsible for the appointment of officers of the corporation, other than officer-directors.\n(8) [Qualifications preserved] Nothing in this section is to be construed as empowering the appointment or re-appointment as a director or officer-director of a parent Crown corporation, or the continuation in office as a director of a parent Crown corporation, of any person who does not meet any qualifications for the appointment, re-appointment or continuation established by any other Act of Parliament.\n(9) [Exception] This section does not apply to an ex officio director or officer-director of a parent Crown corporation.\n(10) [Repealed, 1991, c. 24, s. 30]",
"citation": "FAA, s. 105 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "106",
"marginal_note": "Validity of acts",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Appointment",
"history": "R.S., 1985, c. F-11, s. 106; 2005, c. 30, s. 133(E)",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-106.html",
"id": "F-11-s106",
"text": "106 An act of a director, chairperson, chief executive officer or other officer of a parent Crown corporation is not invalid by reason only of an irregularity in his appointment or a defect in his qualifications.",
"citation": "FAA, s. 106"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "107",
"marginal_note": "Resignation",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Resignation",
"history": "R.S., 1985, c. F-11, s. 107; 1991, c. 24, s. 31; 2005, c. 30, s. 133(E)",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-107.html",
"id": "F-11-s107",
"text": "107\n(1) A resignation of a director, chairperson or chief executive officer of a parent Crown corporation becomes effective at the time the corporation receives a written resignation from him or at the time specified in the resignation, whichever is later.\n(2) [Copy of resignation] A parent Crown corporation shall send a copy of the resignation to the Clerk of the Privy Council within fifteen days after the parent Crown corporation receives it.",
"citation": "FAA, s. 107"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "108",
"marginal_note": "Remuneration",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Remuneration",
"history": "R.S., 1985, c. F-11, s. 108; 1991, c. 24, s. 32; 2005, c. 30, s. 133(E)",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-108.html",
"id": "F-11-s108",
"text": "108\n(1) The rate of any remuneration paid to a director, chairperson or chief executive officer of a parent Crown corporation for his services in respect of that office and, in the case of a chairperson or chief executive officer, any other office of the corporation or an affiliate thereof shall be fixed by the Governor in Council.\n(2) [Other benefits] Any benefits, other than remuneration, provided to a director, chairperson or chief executive officer of a parent Crown corporation for his services in respect of that office and, in the case of a chairperson or chief executive officer, any other office of the corporation or an affiliate thereof shall be fixed by the board of directors of the corporation in accordance with the regulations.\n(2.1) [Wholly-owned subsidiary] The rate of any remuneration paid to a director, chairperson or chief executive officer of a wholly-owned subsidiary who is not also an officer-director of the parent Crown corporation for the director’s, chairperson’s or officer’s services in respect of that subsidiary shall be fixed by the board of directors of the parent Crown corporation.\n(3) [Regulations] For the purposes of this section, the Governor in Council may make regulations\n(a) defining the term remuneration; and\n(b) respecting the provision and fixing of benefits, other than remuneration, to or for any director, chairperson or chief executive officer.",
"citation": "FAA, s. 108"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "109",
"marginal_note": "Management",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Management",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-109.html",
"id": "F-11-s109",
"text": "109 Subject to this Part, the board of directors of a Crown corporation is responsible for the management of the businesses, activities and other affairs of the corporation.",
"citation": "FAA, s. 109"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "110",
"marginal_note": "Resolution in lieu of meeting",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Management",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-110.html",
"id": "F-11-s110",
"text": "110\n(1) A resolution in writing, signed by all the directors of a Crown corporation entitled to vote on that resolution at a meeting of the board of directors or a committee of directors of the corporation is as valid as if it had been passed at a meeting of the board of directors or a committee of directors, as the case may be.\n(2) [Filing resolution] A copy of every resolution referred to in subsection (1) shall be kept with the minutes of the proceedings of the board of directors or committee of directors, as the case may be.",
"citation": "FAA, s. 110"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "111",
"marginal_note": "Dissent",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Management",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-111.html",
"id": "F-11-s111",
"text": "111\n(1) A director of a Crown corporation who is present at a meeting of the board of directors or a committee of directors of the corporation is deemed to have consented to any resolution passed or action taken at that meeting unless the director\n(a) requests that written notice of his dissent be or written notice of his dissent is entered in the minutes of the meeting;\n(b) gives written notice of his dissent to the secretary of the meeting before the meeting is adjourned; or\n(c) sends written notice of his dissent by registered mail or delivers it to the head office of the corporation immediately after the meeting is adjourned.\n(2) [Loss of right of dissent] A director of a Crown corporation who votes for or consents to a resolution is not entitled to dissent in respect of that resolution pursuant to subsection (1).",
"citation": "FAA, s. 111"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "112",
"marginal_note": "Dissent of absent director",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Management",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-112.html",
"id": "F-11-s112",
"text": "112 A director of a Crown corporation who was not present at a meeting of the board of directors or a committee of directors of the corporation at which a resolution was passed or action taken is deemed to have consented thereto unless within seven days after becoming aware of the resolution or action the director\n(a) causes written notice of his dissent to be placed with the minutes of the meeting; or\n(b) sends written notice of his dissent by registered mail or delivers it to the head office of the corporation.",
"citation": "FAA, s. 112"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "113",
"marginal_note": "Participation by telephone, etc.",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Management",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-113.html",
"id": "F-11-s113",
"text": "113 A director of a Crown corporation may, subject to the by-laws of the corporation, participate in a meeting of the board of directors or a committee of directors of the corporation by means of such telephone or other communications facilities as permit all persons participating in the meeting to hear each other, and a director participating in such a meeting by such means is deemed for the purposes of this Part to be present at the meeting.",
"citation": "FAA, s. 113"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "113.1",
"marginal_note": "Public meeting",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Management",
"history": "2009, c. 2, s. 372",
"last_amended": "2009-03-12",
"in_force": "2009-03-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-113.1.html",
"id": "F-11-s113.1",
"text": "113.1\n(1) The board of directors of a parent Crown corporation shall hold a public meeting within 18 months after the day on which the board holds its first meeting or, if it is later, the day on which this section comes into force and, subsequently, within 15 months after the day on which the last preceding public meeting was held.\n(2) [By-laws] The meeting shall be held in Canada in the manner provided for in the by-laws or, if no manner is provided for, in the manner determined by the board of directors.\n(3) [Notice of meeting] The corporation shall publish a notice of the meeting at least 30 days before the day on which the meeting is to be held. The notice shall indicate the location, if any, and the date and time of the meeting, the means of participating in the meeting and how copies of the corporation’s most recent annual report may be obtained.\n(4) [Director and chief executive officer to attend] One or more directors of the corporation and its chief executive officer, whether or not he or she is a director of the corporation, shall participate in the meeting to answer questions from the public.",
"citation": "FAA, s. 113.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "114",
"marginal_note": "By-laws",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "By-laws",
"history": "R.S., 1985, c. F-11, s. 114; 1991, c. 24, s. 33; 1994, c. 24, s. 34(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-114.html",
"id": "F-11-s114",
"text": "114\n(1) The board of directors of a parent Crown corporation may, by resolution, make, amend or repeal any by-laws that regulate the business or affairs of the corporation, unless the charter or by-laws of the corporation otherwise provide.\n(2) [Copy of by-law to appropriate Minister and President of the Treasury Board] The board of directors of a parent Crown corporation shall, after making, amending or repealing a by-law, send a copy of that by-law to the appropriate Minister and the President of the Treasury Board.\n(3) [Amendment or repeal] The Governor in Council may direct the board of directors of a parent Crown corporation to make, amend or repeal a by-law within such period as is specified in the direction.\n(4) [Regulations] The Governor in Council may make regulations\n(a) prescribing the form or the content of by-laws of parent Crown corporations and the time at, before or within which copies of by-laws are to be sent to the appropriate Minister and the President of the Treasury Board; and\n(b) exempting a specified parent Crown corporation or a parent Crown corporation of a specified class from the application of subsection (2), either generally or in respect of any specified by-law or any by-law of a specified class.\n(5) [Restriction] No direction shall be given pursuant to subsection (3) to the Standards Council of Canada with respect to\n(a) the manner in which voluntary standardization is promoted; or\n(b) the provision of financial assistance to or for the benefit of a particular person or group of persons.\n(6) [Provision not applicable] Section 103 of the Canada Business Corporations Act does not apply in respect of any parent Crown corporation established under that Act.",
"citation": "FAA, s. 114"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "115",
"marginal_note": "Duty of care of directors and officers",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Duties",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-115.html",
"id": "F-11-s115",
"text": "115\n(1) Every director and every officer of a Crown corporation in exercising his powers and performing his duties shall\n(a) act honestly and in good faith with a view to the best interests of the corporation; and\n(b) exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances.\n(2) [Duty to comply] Every director and every officer of a parent Crown corporation or of a wholly-owned subsidiary of a parent Crown corporation shall comply with this Part, the regulations, the charter and by-laws of the corporation or subsidiary and any directive given to the corporation.\n(3) [Reliance on statements] A director or officer is not liable for a breach of his duty under subsection (1) or (2) if he relies in good faith on\n(a) financial statements of the Crown corporation represented to him by an officer of the corporation or in a written report of the auditor of the corporation as fairly reflecting the financial condition of the corporation; or\n(b) a report of a lawyer, accountant, engineer, appraiser or other person whose position or profession lends credibility to a statement made by him.",
"citation": "FAA, s. 115"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "116",
"marginal_note": "Disclosure of interest in contract",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Duties",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-116.html",
"id": "F-11-s116-p1",
"text": "116\n(1) A director or officer of a Crown corporation who\n(a) is a party to a material contract or proposed material contract with the corporation, or\n(b) is a director or officer of, or has a material interest in any person who is a party to, a material contract or proposed material contract with the corporation,\nshall disclose in writing to the corporation or request to have entered in the minutes of a meeting of the board of directors thereof the nature and extent of his interest.\n(2) [Time for disclosure by director] The disclosure required by subsection (1) shall be made, in the case of a director,\n(a) at the meeting of the board of directors at which the proposed contract is first considered;\n(b) if the director was not then interested in the proposed contract, at the first meeting of the board of directors after he becomes so interested;\n(c) if the director becomes interested after the contract is made, at the first meeting of the board of directors after he becomes so interested; or\n(d) if the director was interested in the contract before becoming a director, at the first meeting of the board of directors after he becomes a director.\n(3) [Time for disclosure by officer] The disclosure required by subsection (1) shall be made, in the case of an officer who is not a director,\n(a) forthwith after he becomes aware that the contract or proposed contract is to be considered or has been considered at a meeting of the board of directors;\n(b) if the officer becomes interested after the contract is made, forthwith after he becomes so interested; or\n(c) if the officer was interested in the contract before becoming an officer, forthwith after he becomes an officer.",
"citation": "FAA, s. 116 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "116",
"marginal_note": "Disclosure of interest in contract",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Duties",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-116.html",
"id": "F-11-s116-p2",
"text": "(4) [Time for disclosure by director or officer] If a material contract or proposed material contract is one that, in the ordinary course of the business or activity of the Crown corporation, would not require approval by the board of directors, a director or officer shall disclose in writing to the corporation or request to have entered in the minutes of a meeting of the board of directors the nature and extent of his interest forthwith after the director or officer becomes aware of the contract or proposed contract.\n(5) [Voting] A director referred to in subsection (1) shall not vote on any resolution to approve the contract unless the contract is\n(a) an arrangement by way of security for money lent to or obligations undertaken by him for the benefit of the Crown corporation or a subsidiary of the Crown corporation;\n(b) one relating primarily to his remuneration or benefits as a director, officer, employee or agent of the Crown corporation or a subsidiary of the Crown corporation;\n(c) one for indemnity or insurance under section 119; or\n(d) one with an affiliate of the Crown corporation.\n(6) [Continuing disclosure] For the purposes of this section, a general notice to the board of directors by a director or officer, declaring that he is a director or officer of or has a material interest in a person and is to be regarded as interested in any contract made with that person, is a sufficient declaration of interest in relation to any contract so made.\n(7) [Definition of board of directors] In this section and section 117, board of directors includes a committee of directors.",
"citation": "FAA, s. 116 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "117",
"marginal_note": "Avoidance standards",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Duties",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-117.html",
"id": "F-11-s117",
"text": "117 A material contract between a Crown corporation and one or more of its directors or officers, or between a Crown corporation and another person of which a director or an officer of the Crown corporation is a director or an officer or in which he has a material interest, is neither void nor voidable by reason only of that relationship or by reason only that a director with an interest in the contract is present at or is counted to determine the presence of a quorum at a meeting of the board of directors that authorized the contract, if the director or officer disclosed his interest in accordance with subsection 116(2), (3), (4) or (6), as the case may be, and the contract was approved by the board of directors and it was reasonable and fair to the Crown corporation at the time it was approved.",
"citation": "FAA, s. 117"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "118",
"marginal_note": "Application to court",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Duties",
"history": "R.S., 1985, c. F-11, s. 118; R.S., 1985, c. 27 (2nd Supp.), s. 10; 1990, c. 17, s. 19; 1992, c. 51, s. 49; 1998, c. 30, ss. 13(F), 15(E); 1999, c. 3, s. 63; 2002, c. 7, s. 172(E); 2015, c. 3, s. 95",
"last_amended": "2015-02-26",
"in_force": "2015-02-26",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-118.html",
"id": "F-11-s118",
"text": "118\n(1) Where a director or an officer of a Crown corporation fails to disclose his interest in a material contract in accordance with section 116, a court may, on application of the corporation or on behalf of the Crown, set aside the contract on such terms as it thinks fit.\n(2) [Definition of court] In this section, court means\n(a) in the Province of Newfoundland and Labrador, the Trial Division of the Supreme Court of the Province;\n(a.1) in the Province of Ontario, the Superior Court of Justice;\n(b) in the Province of Quebec, the Superior Court of the Province;\n(c) in the Province of New Brunswick, Manitoba, Saskatchewan or Alberta, the Court of Queen’s Bench for the Province;\n(d) in the Provinces of Nova Scotia, British Columbia and Prince Edward Island, the Supreme Court of the Province; and\n(e) in Yukon or the Northwest Territories, the Supreme Court, and in Nunavut, the Nunavut Court of Justice.",
"citation": "FAA, s. 118"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "119",
"marginal_note": "Obligation to indemnify",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Indemnification",
"history": "R.S., 1985, c. F-11, s. 119; 1991, c. 24, s. 34; 1999, c. 31, s. 115(F); 2009, c. 2, s. 373",
"last_amended": "2009-03-12",
"in_force": "2009-03-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-119.html",
"id": "F-11-s119-p1",
"text": "119\n(1) The Treasury Board shall, in accordance with the regulations, if any, indemnify a present or former director or officer of a Crown corporation or a person who acts or acted at the request of a Minister or a Crown corporation as a director or officer of another corporation, and his or her heirs and legal representatives, against the costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, that are reasonably incurred by him or her in respect of any civil, criminal, administrative or investigative action or proceeding to which he or she is a party by reason of being or having been such a director or officer, if he or she\n(a) acted honestly and in good faith with a view to the best interests of the Crown corporation or other corporation; and\n(b) in the case of any criminal or administrative action or proceeding that is enforced by a monetary penalty, believed on reasonable grounds that the director’s or officer’s conduct was lawful.\n(1.1) [Advance of costs] The Treasury Board shall, in accordance with the regulations, if any, advance moneys to any individual referred to in subsection (1) for the costs, charges and expenses of an action or proceeding referred to in that subsection unless there are reasonable grounds to believe that the individual does not fulfil the conditions set out in paragraph (1)(a) or (b). The individual shall repay the moneys if he or she does not fulfil those conditions.",
"citation": "FAA, s. 119 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "119",
"marginal_note": "Obligation to indemnify",
"part": "PART X - Crown Corporations",
"division": "DIVISION II - Directors and Officers",
"heading": "Indemnification",
"history": "R.S., 1985, c. F-11, s. 119; 1991, c. 24, s. 34; 1999, c. 31, s. 115(F); 2009, c. 2, s. 373",
"last_amended": "2009-03-12",
"in_force": "2009-03-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-119.html",
"id": "F-11-s119-p2",
"text": "(2) [Entitlement to indemnification] Despite anything in this section, a director or officer referred to in subsection (1) is, and his or her heirs and legal representatives are, entitled to indemnity, in accordance with the regulations, if any, from the Treasury Board in respect of the costs, charges and expenses reasonably incurred by him or her in connection with the defence of any civil, criminal, administrative or investigative action or proceeding to which he or she was made a party by reason of being or having been such a director or officer, if he or she\n(a) was substantially successful on the merits of the defence of the action or proceeding; and\n(b) fulfils the conditions set out in paragraphs (1)(a) and (b).\n(3) [Regulations] The Treasury Board may make regulations\n(a) respecting indemnification and advances under this section, including terms and conditions governing them;\n(b) defining, for the purposes of this section, the meaning of any word or expression used in it that is not defined in this Act;\n(c) prescribing circumstances in which a director or officer is presumed not to have fulfilled the condition set out in paragraph (1)(a); and\n(d) respecting the determination of the amounts to be paid as indemnification or advances under this section.\n(4) [Payable out of C.R.F.] Any amount payable in respect of indemnification under this section may be paid out of the Consolidated Revenue Fund.",
"citation": "FAA, s. 119 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "120",
"marginal_note": "Definitions",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Definitions",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-120.html",
"id": "F-11-s120",
"text": "120 In this Division,\nannual report means a report made pursuant to section 150; (rapport annuel)\nexaminer means a person designated by or appointed pursuant to section 142 to carry out a special examination; (examinateur)\nobjectives, in relation to a parent Crown corporation, means the objectives of the corporation as set out in a corporate plan or an amendment to a corporate plan that has been approved pursuant to section 122; (objectifs)\nspecial examination means an examination referred to in subsection 138(1). (examen spécial)",
"citation": "FAA, s. 120"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "121",
"marginal_note": "Financial year",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Financial Year",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-121.html",
"id": "F-11-s121",
"text": "121\n(1) The financial year of a parent Crown corporation is the calendar year, unless the Governor in Council otherwise directs.\n(2) [Idem] Notwithstanding subsection (1), the financial year of a parent Crown corporation that was in effect on September 1, 1984 continues in effect, unless the Governor in Council has directed or directs otherwise.",
"citation": "FAA, s. 121"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "122",
"marginal_note": "Corporate plans",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Corporate Plans and Budgets",
"history": "R.S., 1985, c. F-11, s. 122; 1991, c. 24, s. 35",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-122.html",
"id": "F-11-s122-p1",
"text": "122\n(1) Each parent Crown corporation shall annually submit a corporate plan to the appropriate Minister for the approval of the Governor in Council on the recommendation of the appropriate Minister and, if required by the regulations, on the recommendation of the Minister of Finance.\n(2) [Scope of corporate plan] The corporate plan of a parent Crown corporation shall encompass all the businesses and activities, including investments, of the corporation and its wholly-owned subsidiaries, if any.\n(3) [Contents of corporate plan] The corporate plan of a parent Crown corporation shall include a statement of\n(a) the objects or purposes for which the corporation is incorporated, or the restrictions on the businesses or activities that it may carry on, as set out in its charter;\n(b) the corporation’s objectives for the period to which the plan relates and for each year in that period and the strategy the corporation intends to employ to achieve those objectives; and\n(c) the corporation’s expected performance for the year in which the plan is required by the regulations to be submitted as compared to its objectives for that year as set out in the last corporate plan or any amendment thereto approved pursuant to this section.\n(4) [Form of corporate plan] The corporate plan of a parent Crown corporation shall be prepared in a form that clearly sets out information according to the major businesses or activities of the corporation and its wholly-owned subsidiaries, if any.",
"citation": "FAA, s. 122 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "122",
"marginal_note": "Corporate plans",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Corporate Plans and Budgets",
"history": "R.S., 1985, c. F-11, s. 122; 1991, c. 24, s. 35",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-122.html",
"id": "F-11-s122-p2",
"text": "(5) [Restriction on business or activity] No parent Crown corporation or wholly-owned subsidiary of a parent Crown corporation shall carry on any business or activity in any period in a manner that is not consistent with the last corporate plan of the parent Crown corporation or any amendment thereto approved pursuant to this section in respect of that period.\n(6) [Amendment to corporate plan] Where a parent Crown corporation, or a wholly-owned subsidiary of a parent Crown corporation, proposes to carry on any business or activity in any period in a manner that is not consistent with the last corporate plan of the corporation or any amendment thereto approved pursuant to this section in respect of that period, the corporation shall, before that business or activity is so carried on, submit an amendment to the corporate plan to the appropriate Minister for approval as described in subsection (1).\n(6.1) [Terms and conditions] The Governor in Council may specify such terms and conditions as the Governor in Council deems appropriate for the approval of a corporate plan or an amendment to a corporate plan.\n(7) [Regulations] The Governor in Council may make regulations prescribing, for the purposes of this section, the circumstances in which the recommendation of the Minister of Finance is required for the approval of a corporate plan or an amendment thereto.",
"citation": "FAA, s. 122 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "123",
"marginal_note": "Operating budgets",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Corporate Plans and Budgets",
"history": "R.S., 1985, c. F-11, s. 123; 1991, c. 24, s. 36",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-123.html",
"id": "F-11-s123",
"text": "123\n(1) Each parent Crown corporation named in Part I of Schedule III shall annually submit an operating budget for the next following financial year of the corporation to the appropriate Minister for the approval of the Treasury Board on the recommendation of the appropriate Minister.\n(2) [Scope of operating budget] The operating budget of a parent Crown corporation shall encompass all the businesses and activities, including investments, of the corporation and its wholly-owned subsidiaries, if any.\n(3) [Form of operating budget] The operating budget of a parent Crown corporation shall be prepared in a form that clearly sets out information according to the major businesses or activities of the corporation and its wholly-owned subsidiaries, if any.\n(4) [Amendment to operating budget] Where a parent Crown corporation anticipates that the total amount of expenditures or commitments to make expenditures in respect of any major business or activity in a financial year will vary significantly from the total amount projected for that major business or activity in an operating budget of the corporation or any amendment thereto that is approved pursuant to this section for that year, the corporation shall submit an amendment to the budget to the appropriate Minister for the approval of the Treasury Board on the recommendation of the appropriate Minister.\n(5) [Terms and conditions] The Treasury Board may specify such terms and conditions as it deems appropriate for the approval of an operating budget or an amendment to an operating budget.",
"citation": "FAA, s. 123"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "124",
"marginal_note": "Capital budgets",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Corporate Plans and Budgets",
"history": "R.S., 1985, c. F-11, s. 124; 1991, c. 24, s. 37",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-124.html",
"id": "F-11-s124-p1",
"text": "124\n(1) Each parent Crown corporation shall annually submit a capital budget for the next following financial year of the corporation to the appropriate Minister for the approval of the Treasury Board on the recommendation of the appropriate Minister.\n(2) [Scope of capital budget] The capital budget of a parent Crown corporation shall encompass all the businesses and activities, including investments, of the corporation and its wholly-owned subsidiaries, if any.\n(3) [Approval of multi-year items] The Treasury Board may approve any item in a capital budget submitted pursuant to subsection (1) for any financial year or years after the financial year for which the budget is submitted.\n(4) [Form of capital budget] The capital budget of a parent Crown corporation shall be prepared in a form that clearly sets out information according to the major businesses or activities of the corporation and its wholly-owned subsidiaries, if any.\n(5) [Restriction on capital expenditures or commitments] No parent Crown corporation or wholly-owned subsidiary of a parent Crown corporation shall incur, or make a commitment to incur, a capital expenditure in any financial year for which the corporation is required to submit a budget pursuant to this section, unless\n(a) a budget for that year has been approved pursuant to this section; or\n(b) the expenditure or commitment\n(i) is included in an item for that year that has been approved pursuant to subsection (3) as part of a budget for a previous year,\n(ii) has been specifically approved pursuant to this section as though it were a capital budget, or",
"citation": "FAA, s. 124 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "124",
"marginal_note": "Capital budgets",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Corporate Plans and Budgets",
"history": "R.S., 1985, c. F-11, s. 124; 1991, c. 24, s. 37",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-124.html",
"id": "F-11-s124-p2",
"text": "(iii) is, in the opinion of the board of directors of the corporation or subsidiary, essential to continue a current business or activity of the corporation or subsidiary as set out in a corporate plan or budget of the corporation that has been approved pursuant to this section or section 122 or 123.\n(6) [Amendment to capital budget] Where, by reason of any one or more proposed expenditures or commitments to make expenditures, a parent Crown corporation anticipates that the total amount of expenditures or commitments to make expenditures in respect of any major business or activity in a financial year will vary significantly from the total amount projected for that major business or activity in a capital budget of the corporation or any amendment thereto that is approved pursuant to this section for that year, the corporation shall submit an amendment to the budget to the appropriate Minister for the approval of the Treasury Board on the recommendation of the appropriate Minister, and the expenditure or expenditures shall not be incurred or commitments made before that approval is obtained.\n(7) [Recommendation of Minister of Finance] The Minister of Finance may require that his recommendation, in addition to that of the appropriate Minister, be obtained before a capital budget or an amendment to a capital budget is submitted to the Treasury Board for approval under this section.\n(8) [Terms and conditions] The Treasury Board may specify such terms and conditions as it deems appropriate for the approval of a capital budget or an amendment to a capital budget.",
"citation": "FAA, s. 124 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "125",
"marginal_note": "Summary of plan or budget",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Corporate Plans and Budgets",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-125.html",
"id": "F-11-s125",
"text": "125\n(1) After a corporate plan, operating budget or capital budget, or an amendment thereto, is approved pursuant to section 122, 123 or 124, the parent Crown corporation shall submit a summary of the plan or budget, or the plan or budget as so amended, to the appropriate Minister for his approval.\n(2) [Scope of summary] A summary shall encompass all the businesses and activities, including investments, of the parent Crown corporation and its wholly-owned subsidiaries, if any, and shall set out the major business decisions taken with respect thereto.\n(3) [Form of summary] A summary shall be prepared in a form that clearly sets out information according to the major businesses or activities of the parent Crown corporation and its wholly-owned subsidiaries, if any.\n(4) [Tabling in Parliament] The appropriate Minister shall cause a copy of every summary he approves pursuant to this section to be laid before each House of Parliament.\n(5) [Reference to committee] A summary laid before Parliament pursuant to subsection (4) stands permanently referred to such committee of Parliament as may be designated or established to review matters relating to the businesses and activities of the corporation submitting the summary.",
"citation": "FAA, s. 125"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "126",
"marginal_note": "Regulations",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Corporate Plans and Budgets",
"history": "R.S., 1985, c. F-11, s. 126; 1991, c. 24, s. 38",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-126.html",
"id": "F-11-s126",
"text": "126 In addition to any other requirements under this Act or any other Act of Parliament with respect thereto, the Treasury Board may make regulations\n(a) prescribing the form in which corporate plans, budgets, summaries or amendments required under section 122, 123, 124 or 125 shall be prepared, the information to be included therein and the time at, before or within which they are to be submitted and summaries are to be laid before each House of Parliament;\n(b) prescribing the period to be covered by corporate plans under section 122, either generally or in respect of any specified parent Crown corporation or any parent Crown corporation of a specified class; and\n(c) defining for the purpose of this Division the expression vary significantly.",
"citation": "FAA, s. 126"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "127",
"marginal_note": "Intended borrowing",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Borrowing",
"history": "R.S., 1985, c. F-11, s. 127; 2018, c. 12, s. 201",
"last_amended": "2018-06-21",
"in_force": "2018-06-21",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-127.html",
"id": "F-11-s127",
"text": "127\n(1) Where a parent Crown corporation or a wholly-owned subsidiary of a parent Crown corporation intends to borrow money, the corporation shall so indicate in its corporate plan or an amendment thereto under section 122 for the period in which the corporation or subsidiary intends to borrow and shall give a general indication therein of the borrowing plans and strategy of the corporation or subsidiary for that period.\n(2) [Recommendation of Minister of Finance] Where a parent Crown corporation indicates in a corporate plan or an amendment to a corporate plan an intention to borrow money, the Minister of Finance may require that his recommendation, in addition to that of the appropriate Minister, be obtained before the plan or amendment is submitted to the Governor in Council for approval.\n(3) [Particular borrowing] No Crown corporation shall enter into any particular transaction to borrow money without the approval of the Minister of Finance with respect to the time and the terms and conditions of the transaction.\n(4) [Regulations] The Governor in Council may, on the recommendation of the Minister of Finance, make regulations\n(a) exempting a specified Crown corporation or a Crown corporation of a specified class from the application of subsection (3), either generally or in respect of any specified borrowing or any borrowing of a specified class;\n(b) deeming a specified transaction or a transaction of a specified class to be, for the purposes of this Part, a transaction to borrow money; and\n(c) specifying the manner of granting approvals under subsection (3) and the circumstances in which an approval under that subsection is deemed to have been granted in respect of borrowing by Crown corporations.\n(5) [Limitations preserved] Nothing in this section shall be construed as authorizing a Crown corporation to borrow money in excess of any limit established by any other Act of Parliament on the amount of money the corporation may borrow.\n(6) [Leases entered into by Crown corporation] Despite any regulations made under paragraph (4)(b), leases — as defined in the Handbook of the Chartered Professional Accountants of Canada, as amended from time to time — that are entered into by a Crown corporation, are not considered to be transactions to borrow money for the purpose of a limit referred to in subsection (5).",
"citation": "FAA, s. 127"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "128",
"marginal_note": "Deposits and deposit receipts",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Bank Accounts",
"history": "R.S., 1985, c. F-11, s. 128; 1991, c. 24, s. 39",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-128.html",
"id": "F-11-s128",
"text": "128 A Crown corporation may, directly or indirectly, deposit funds with or acquire deposit receipts from\n(a) any member of the Canadian Payments Association;\n(b) any local cooperative credit society that is a member of a central cooperative credit society having membership in the Canadian Payments Association; and\n(c) any financial institution outside Canada that is not a member of the Canadian Payments Association, but only with the approval of the Minister of Finance.",
"citation": "FAA, s. 128"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "129",
"marginal_note": "Receiver General account",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Bank Accounts",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-129.html",
"id": "F-11-s129",
"text": "129\n(1) A parent Crown corporation shall, if directed by the Minister of Finance with the concurrence of the appropriate Minister, and may, if the Minister of Finance and the appropriate Minister approve, pay or cause to be paid all or any part of the money of the corporation or a wholly-owned subsidiary of the corporation to the Receiver General to be paid into the Consolidated Revenue Fund and credited to a special account in the accounts of Canada in the name of the corporation or subsidiary, and the Receiver General, subject to such terms and conditions as the Minister of Finance may prescribe, may pay out, for the purposes of the corporation or subsidiary, or repay to the corporation or subsidiary, all or any part of the money credited to the special account.\n(2) [Interest] Interest may be paid from the Consolidated Revenue Fund in respect of money credited to a special account pursuant to subsection (1), in accordance with and at rates fixed by the Minister of Finance with the approval of the Governor in Council.",
"citation": "FAA, s. 129"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "130",
"marginal_note": "Payment over of surplus money",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Surpluses",
"history": "R.S., 1985, c. F-11, s. 130; 1999, c. 31, s. 116(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-130.html",
"id": "F-11-s130",
"text": "130 Subject to any other Act of Parliament, where the appropriate Minister and the Minister of Finance, with the approval of the Governor in Council, so direct, a parent Crown corporation shall pay or cause to be paid to the Receiver General so much of the money of the corporation or of a wholly-owned subsidiary of the corporation as the appropriate Minister and the Minister of Finance consider to be in excess of the amount required for the purposes of the corporation or subsidiary, and any money so paid may be applied toward the discharge of any obligation of the corporation or subsidiary to the Crown or may be applied as revenues of Canada.",
"citation": "FAA, s. 130"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "130.1",
"marginal_note": "Dividend proposal",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Dividends",
"history": "1991, c. 24, s. 40",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-130.1.html",
"id": "F-11-s130.1",
"text": "130.1 Each parent Crown corporation named in Part II of Schedule III shall annually submit a dividend proposal to the appropriate Minister as part of its corporate plan submitted pursuant to section 122.",
"citation": "FAA, s. 130.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "130.2",
"marginal_note": "Dividend payment",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Dividends",
"history": "1991, c. 24, s. 40",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-130.2.html",
"id": "F-11-s130.2",
"text": "130.2 The Governor in Council may prescribe, waive or vary the dividends to be paid by any parent Crown corporation named in Schedule III.",
"citation": "FAA, s. 130.2"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "131",
"marginal_note": "Books and systems",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Financial Management",
"history": "R.S., 1985, c. F-11, s. 131; 1991, c. 24, s. 41; 1999, c. 31, s. 117(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-131.html",
"id": "F-11-s131",
"text": "131\n(1) Each parent Crown corporation shall cause\n(a) books of account and records in relation thereto to be kept, and\n(b) financial and management control and information systems and management practices to be maintained,\nin respect of itself and each of its wholly-owned subsidiaries, if any.\n(2) [Idem] The books, records, systems and practices referred to in subsection (1) shall be kept and maintained in such manner as will provide reasonable assurance that\n(a) the assets of the corporation and each subsidiary are safeguarded and controlled;\n(b) the transactions of the corporation and each subsidiary are in accordance with this Part, the regulations, the charter and by-laws of the corporation or subsidiary and any directive given to the corporation; and\n(c) the financial, human and physical resources of the corporation and each subsidiary are managed economically and efficiently and the operations of the corporation and each subsidiary are carried out effectively.\n(3) [Internal audit] Each parent Crown corporation shall cause internal audits to be conducted, in respect of itself and each of its wholly-owned subsidiaries, if any, to assess compliance with subsections (1) and (2), unless the Governor in Council is of the opinion that the benefits to be derived from those audits do not justify their cost.\n(4) [Financial statements] Each parent Crown corporation shall cause financial statements to be prepared annually, in respect of itself and its wholly-owned subsidiaries, if any, in accordance with generally accepted accounting principles as supplemented or augmented by regulations made pursuant to subsection (6), if any.\n(5) [Form of financial statements] The financial statements of a parent Crown corporation and of a wholly-owned subsidiary shall be prepared in a form that clearly sets out information according to the major businesses or activities of the corporation or subsidiary.\n(6) [Regulations] The Treasury Board may, for the purposes of subsection (4), make regulations respecting financial statements either generally or in respect of any specified parent Crown corporation or any parent Crown corporation of a specified class, but such regulations shall, in respect of the preparation of financial statements, only supplement or augment generally accepted accounting principles.",
"citation": "FAA, s. 131"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "131.1",
"marginal_note": "Quarterly financial reports",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Financial Management",
"history": "2009, c. 31, s. 60; 2012, c. 19, s. 219",
"last_amended": "2012-06-29",
"in_force": "2012-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-131.1.html",
"id": "F-11-s131.1",
"text": "131.1\n(1) Each parent Crown corporation shall, in respect of itself and its wholly-owned subsidiaries, if any, cause to be prepared, in the form and manner provided for by the Treasury Board, a quarterly financial report for each of the first three quarters of each financial year of the parent Crown corporation.\n(2) [Contents] The report shall contain\n(a) a financial statement for the quarter and for the period from the start of the financial year to the end of that quarter;\n(b) comparative financial information for the preceding financial year; and\n(c) a statement outlining the results, risks and significant changes in relation to operations, personnel and programs.\n(3) [Report to be made public] The parent Crown corporation shall cause the report to be made public within 60 days after the end of the quarter to which the report relates.\n(4) [Regulations] The Treasury Board may, by regulation, exempt a parent Crown corporation from the requirement set out in subsection (1) or provide that any of the content referred to in subsection (2) be excluded from its report.",
"citation": "FAA, s. 131.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "132",
"marginal_note": "Annual auditor’s report",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Auditor’s Reports",
"history": "R.S., 1985, c. F-11, s. 132; 1991, c. 24, s. 42; 1999, c. 31, s. 118(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-132.html",
"id": "F-11-s132-p1",
"text": "132\n(1) Each parent Crown corporation shall cause an annual auditor’s report to be prepared, in respect of itself and its wholly-owned subsidiaries, if any, in accordance with the regulations, on\n(a) the financial statements referred to in section 131 and any revised financial statement referred to in subsection 133(3); and\n(b) any quantitative information required to be audited pursuant to subsection (5).\n(2) [Contents] A report under subsection (1) shall be addressed to the appropriate Minister and shall\n(a) include separate statements whether in the auditor’s opinion\n(i) the financial statements are presented fairly in accordance with generally accepted accounting principles applied on a basis consistent with that of the preceding year,\n(ii) the quantitative information is accurate in all material respects and, if applicable, was prepared on a basis consistent with that of the preceding year, and\n(iii) the transactions of the corporation and of each subsidiary that have come to the auditor’s notice in the course of his examination for the report were in accordance with this Part, the regulations, the charter and by-laws of the corporation or subsidiary and any directive given to the corporation; and\n(b) call attention to any other matter falling within the scope of the auditor’s examination for the report that, in his opinion, should be brought to the attention of Parliament.\n(3) [Regulations] The Treasury Board may make regulations prescribing the form and manner in which the report referred to in subsection (1) is to be prepared.",
"citation": "FAA, s. 132 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "132",
"marginal_note": "Annual auditor’s report",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Auditor’s Reports",
"history": "R.S., 1985, c. F-11, s. 132; 1991, c. 24, s. 42; 1999, c. 31, s. 118(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-132.html",
"id": "F-11-s132-p2",
"text": "(4) [Separate reports] Notwithstanding any other provision of this Part, the auditor of a parent Crown corporation may prepare separate annual auditor’s reports on the statements referred to in paragraph (1)(a) and on the information referred to in paragraph (1)(b) if, in the auditor’s opinion, separate reports would be more appropriate.\n(5) [Audit of quantitative information] The Treasury Board may require that any quantitative information required to be included in a parent Crown corporation’s annual report pursuant to subsection 150(3) be audited.\n(6) [Other reports] The auditor of a parent Crown corporation shall prepare such other reports respecting the corporation or any wholly-owned subsidiary of the corporation as the Governor in Council may require.\n(7) [Examination] An auditor shall make such examination as he considers necessary to enable him to prepare a report under subsection (1) or (6).\n(8) [Reliance on internal audit] An auditor shall, to the extent he considers practicable, rely on any internal audit of the corporation being audited that is conducted pursuant to subsection 131(3).",
"citation": "FAA, s. 132 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "133",
"marginal_note": "Errors and omissions",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Auditor’s Reports",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-133.html",
"id": "F-11-s133",
"text": "133\n(1) A director or officer of a Crown corporation shall forthwith notify the auditor and the audit committee of the corporation, if any, of any error or omission of which the director or officer becomes aware in a financial statement that the auditor or a former auditor has reported on or in a report prepared by the auditor or a former auditor pursuant to section 132.\n(2) [Idem] Where an auditor or former auditor of a Crown corporation is notified or becomes aware of any error or omission in a financial statement that the auditor or former auditor has reported on or in a report prepared by the auditor or former auditor pursuant to section 132, he shall forthwith notify each director of the corporation of the error or omission if he is of the opinion that the error or omission is material.\n(3) [Correction] Where an auditor or former auditor of a Crown corporation notifies the directors of an error or omission in a financial statement or report pursuant to subsection (2), the corporation shall prepare a revised financial statement or the auditor or former auditor shall issue a correction to the report, as the case may be, and a copy thereof shall be given to the appropriate Minister.",
"citation": "FAA, s. 133"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "134",
"marginal_note": "Appointment of auditor",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Auditors",
"history": "R.S., 1985, c. F-11, s. 134; 2005, c. 30, s. 36",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-134.html",
"id": "F-11-s134",
"text": "134\n(1) Subject to subsection (2), the auditor of a Crown corporation shall be appointed annually by the Governor in Council, after the appropriate Minister has consulted the board of directors of the corporation, and may be removed at any time by the Governor in Council, after the appropriate Minister has consulted the board.\n(2) [Auditor General] The Auditor General of Canada shall be appointed by the Governor in Council as the auditor, or a joint auditor, of each Crown corporation, unless the Auditor General waives the requirement of being so appointed.\n(3) [Idem] Subsections (1) and (2) do not apply in respect of any parent Crown corporation the auditor of which is specified by any other Act of Parliament to be the Auditor General of Canada, but the Auditor General is eligible to be appointed as the auditor, or a joint auditor, of a parent Crown corporation pursuant to subsection (1) and section 135 does not apply to him.\n(4) [Repealed, 2005, c. 30, s. 36]\n(5) [Criteria for appointment] The Governor in Council may make regulations prescribing the criteria to be applied in selecting an auditor for appointment pursuant to subsection (1).\n(6) [Re-appointment] An auditor of a Crown corporation is eligible for re-appointment on the expiration of the auditor’s appointment.\n(7) [Continuation in office] Notwithstanding subsection (1), if an auditor of a Crown corporation is not appointed to take office on the expiration of the appointment of an incumbent auditor, the incumbent auditor continues in office until a successor is appointed.",
"citation": "FAA, s. 134"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "135",
"marginal_note": "Persons not eligible",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Auditors",
"history": "R.S., 1985, c. F-11, s. 135; 2005, c. 30, s. 37",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-135.html",
"id": "F-11-s135",
"text": "135\n(1) A person is disqualified from being appointed or re-appointed or continuing as an auditor of a Crown corporation pursuant to section 134 if that person is not independent of the corporation, any of its affiliates, or the directors or officers of the corporation or any of its affiliates.\n(2) [Independence] For the purposes of this section,\n(a) independence is a question of fact; and\n(b) a person is deemed not to be independent if that person or any of that person’s business partners\n(i) is a business partner, director, officer or employee of the Crown corporation or any of its affiliates, or a business partner of any director, officer or employee of the corporation or any of its affiliates,\n(ii) beneficially owns or controls, directly or indirectly through a trustee, legal representative, agent or other intermediary, a material interest in the shares or debt of the Crown corporation or any of its affiliates, or\n(iii) has been a receiver, receiver-manager, liquidator or trustee in bankruptcy of the Crown corporation or any of its affiliates within two years of the person’s proposed appointment as auditor of the corporation.\n(3) [Resignation] An auditor of a Crown corporation who becomes disqualified under this section shall resign immediately after becoming aware of the disqualification.",
"citation": "FAA, s. 135"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "136",
"marginal_note": "Qualifications preserved",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Auditors",
"history": "R.S., 1985, c. F-11, s. 136; 2005, c. 30, s. 37",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-136.html",
"id": "F-11-s136",
"text": "136 Nothing in sections 134 and 135 shall be construed as empowering the appointment, re-appointment or continuation in office as an auditor of a Crown corporation of any person who does not meet any qualifications for such appointment, re-appointment or continuation established by any other Act of Parliament.",
"citation": "FAA, s. 136"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "137",
"marginal_note": "Resignation",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Auditors",
"history": "R.S., 1985, c. F-11, s. 137; 2005, c. 30, s. 37",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-137.html",
"id": "F-11-s137",
"text": "137 A resignation of an auditor of a Crown corporation becomes effective at the time the corporation receives a written resignation from the auditor or at the time specified in the resignation, whichever is later.",
"citation": "FAA, s. 137"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "138",
"marginal_note": "Special examination",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Special Examination",
"history": "R.S., 1985, c. F-11, s. 138; 2009, c. 2, s. 374",
"last_amended": "2009-03-12",
"in_force": "2009-03-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-138.html",
"id": "F-11-s138",
"text": "138\n(1) Each parent Crown corporation shall cause a special examination to be carried out in respect of itself and its wholly-owned subsidiaries, if any, to determine if the systems and practices referred to in paragraph 131(1)(b) were, in the period under examination, maintained in a manner that provided reasonable assurance that they met the requirements of paragraphs 131(2)(a) and (c).\n(2) [Time for examination] A special examination shall be carried out at least once every 10 years and at any additional times that the Governor in Council, the appropriate Minister, the board of directors of the corporation to be examined or the Auditor General of Canada may require.\n(3) [Plan] Before an examiner commences a special examination, he shall survey the systems and practices of the corporation to be examined and submit a plan for the examination, including a statement of the criteria to be applied in the examination, to the audit committee of the corporation, or if there is no audit committee, to the board of directors of the corporation.\n(4) [Resolution of disagreements] Any disagreement between the examiner and the audit committee or board of directors of a corporation with respect to a plan referred to in subsection (3) may be resolved\n(a) in the case of a parent Crown corporation, by the appropriate Minister; and\n(b) in the case of a wholly-owned subsidiary, by the parent Crown corporation that wholly owns the subsidiary.\n(5) [Reliance on internal audit] An examiner shall, to the extent he considers practicable, rely on any internal audit of the corporation being examined conducted pursuant to subsection 131(3).",
"citation": "FAA, s. 138"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "139",
"marginal_note": "Report",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Special Examination",
"history": "R.S., 1985, c. F-11, s. 139; 2009, c. 2, s. 375",
"last_amended": "2009-03-12",
"in_force": "2009-03-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-139.html",
"id": "F-11-s139",
"text": "139\n(1) An examiner shall, on completion of the special examination, submit a report on his findings to the board of directors of the corporation examined.\n(2) [Contents] The report of an examiner under subsection (1) shall include\n(a) a statement whether in the examiner’s opinion, with respect to the criteria established pursuant to subsection 138(3), there is reasonable assurance that there are no significant deficiencies in the systems and practices examined; and\n(b) a statement of the extent to which the examiner relied on internal audits.\n(3) [Report to Minister and President of the Treasury Board] The board of directors shall, within 30 days after the day on which it receives the report, submit the report to the appropriate Minister and the President of the Treasury Board.\n(4) [Report available to public] The board of directors shall, within 60 days after the day on which it receives the report, make the report available to the public.",
"citation": "FAA, s. 139"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "140",
"marginal_note": "Special report to appropriate Minister",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Special Examination",
"history": "R.S., 1985, c. F-11, s. 140; 2005, c. 30, s. 38",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-140.html",
"id": "F-11-s140",
"text": "140 Where the examiner of a parent Crown corporation, or a wholly-owned subsidiary of a parent Crown corporation, is of the opinion that the report under subsection 139(1) contains information that should be brought to the attention of the appropriate Minister, the examiner shall, after consultation with the board of directors of the corporation, or with the boards of the subsidiary and corporation, as the case may be, report that information to the Minister and furnish the board or boards with a copy of the report.",
"citation": "FAA, s. 140"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "141",
"marginal_note": "Special report to Parliament",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Special Examination",
"history": "R.S., 1985, c. F-11, s. 141; 2005, c. 30, s. 38",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-141.html",
"id": "F-11-s141",
"text": "141 Where the examiner of a parent Crown corporation, or a wholly-owned subsidiary of a parent Crown corporation, is of the opinion that the report under subsection 139(1) contains information that should be brought to the attention of Parliament, the examiner shall, after consultation with the appropriate Minister and the board of directors of the corporation, or with the boards of the subsidiary and corporation, as the case may be, prepare a report on that information for inclusion in the next annual report of the corporation and furnish the board or boards, the appropriate Minister and the Auditor General of Canada with copies of the report.",
"citation": "FAA, s. 141"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "142",
"marginal_note": "Examiner",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Special Examination",
"history": "R.S., 1985, c. F-11, s. 142; 2005, c. 30, s. 39",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-142.html",
"id": "F-11-s142",
"text": "142\n(1) Subject to subsection (2), a special examination referred to in section 138 shall be carried out by the auditor of a Crown corporation.\n(2) [Examiner] Where, in the opinion of the Governor in Council, a person other than the auditor of a Crown corporation should carry out a special examination, the Governor in Council may, after the appropriate Minister has consulted the board of directors of the corporation, appoint an auditor who is qualified for the purpose to carry out the examination in lieu of the auditor of the corporation and may, after the appropriate Minister has consulted the board, remove that qualified auditor at any time.\n(3) [Repealed, 2005, c. 30, s. 39]\n(4) [Applicable provisions] Subject to subsection (5), sections 135 and 137 apply in respect of an examiner as though the references therein to an auditor were references to an examiner.\n(5) [Auditor General eligible] The Auditor General of Canada is eligible to be appointed an examiner and section 135 does not apply to the Auditor General of Canada in respect of such an appointment.",
"citation": "FAA, s. 142"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "143",
"marginal_note": "Consultation with Auditor General",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Consultation with Auditor General",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-143.html",
"id": "F-11-s143",
"text": "143 The auditor or examiner of a Crown corporation may at any time consult the Auditor General of Canada on any matter relating to his audit or special examination and shall consult the Auditor General with respect to any matter that, in the opinion of the auditor or examiner, should be brought to the attention of Parliament pursuant to paragraph 132(2)(b) or section 141.",
"citation": "FAA, s. 143"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "144",
"marginal_note": "Right to information",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Right to Information",
"history": "R.S., 1985, c. F-11, s. 144; 1991, c. 24, s. 50(F)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-144.html",
"id": "F-11-s144",
"text": "144\n(1) On the demand of the auditor or examiner of a Crown corporation, the present or former directors, officers, employees or agents of the corporation shall furnish such\n(a) information and explanations, and\n(b) access to records, documents, books, accounts and vouchers of the corporation or any of its subsidiaries\nas the auditor or examiner considers necessary to enable him to prepare any report as required by this Division and that the directors, officers, employees or agents are reasonably able to furnish.\n(2) [Idem] On the demand of the auditor or examiner of a Crown corporation, the directors of the corporation shall\n(a) obtain from the present or former directors, officers, employees or agents of any subsidiary of the corporation such information and explanations as the auditor or examiner considers necessary to enable him to prepare any report as required by this Division and that the present or former directors, officers, employees or agents are reasonably able to furnish; and\n(b) furnish the auditor or examiner with the information and explanations so obtained.\n(3) [Reliance on reports] An auditor or examiner of a Crown corporation may reasonably rely on any report of any other auditor or examiner.",
"citation": "FAA, s. 144"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "145",
"marginal_note": "Restriction",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Policy",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-145.html",
"id": "F-11-s145",
"text": "145 Nothing in this Part or the regulations shall be construed as authorizing the auditor or examiner of a Crown corporation to express any opinion on the merits of matters of policy, including the merits of\n(a) the objects or purposes for which the corporation is incorporated, or the restrictions on the businesses or activities that it may carry on, as set out in its charter;\n(b) the objectives of the corporation; and\n(c) any business or policy decision of the corporation or of the Government of Canada.",
"citation": "FAA, s. 145"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "146",
"marginal_note": "Qualified privilege",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Qualified Privilege",
"history": "R.S., 1985, c. F-11, s. 146; 1991, c. 24, s. 43; 2005, c. 30, s. 40",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-146.html",
"id": "F-11-s146",
"text": "146 Any oral or written statement or report made under this Part or the regulations by the auditor or a former auditor, or the examiner or a former examiner, of a Crown corporation has qualified privilege.",
"citation": "FAA, s. 146"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "147",
"marginal_note": "Cost of audit and examinations",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Costs",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-147.html",
"id": "F-11-s147",
"text": "147\n(1) The amounts paid to an auditor or examiner of a Crown corporation for preparing any report under section 132, 139, 140 or 141 shall be reported to the President of the Treasury Board.\n(2) [Idem] Where the Auditor General of Canada is the auditor or examiner of a Crown corporation, the costs incurred by him in preparing any report under section 132, 139, 140 or 141 shall be disclosed in the next annual report of the Auditor General and be paid out of the moneys appropriated for his office.",
"citation": "FAA, s. 147"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "148",
"marginal_note": "Audit committee",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Audit Committee",
"history": "R.S., 1985, c. F-11, s. 148; 1991, c. 24, s. 50(F); 2006, c. 9, s. 268",
"last_amended": "2006-12-12",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-148.html",
"id": "F-11-s148-p1",
"text": "148\n(1) Each parent Crown corporation that has four or more directors shall establish an audit committee composed of not less than three directors of the corporation, none of whom may be officers or employees of the corporation or any of its affiliates.\n(2) [Idem] In the case of a parent Crown corporation that has less than four directors, the board of directors of the corporation constitutes the audit committee of the corporation and shall perform the duties and functions assigned to an audit committee by any provision of this Part and the provision shall be construed accordingly.\n(3) [Duties] The audit committee of a parent Crown corporation shall\n(a) review, and advise the board of directors with respect to, the financial statements that are to be included in the annual report of the corporation;\n(b) oversee any internal audit of the corporation that is conducted pursuant to subsection 131(3);\n(c) review, and advise the board of directors with respect to, the annual auditor’s report of the corporation referred to in subsection 132(1);\n(d) in the case of a corporation undergoing a special examination, review, and advise the board of directors with respect to, the plan and reports referred to in sections 138 to 141; and\n(e) perform such other functions as are assigned to it by the board of directors or the charter or by-laws of the corporation.\n(4) [Auditor’s or examiner’s attendance] The auditor and any examiner of a parent Crown corporation are entitled to receive notice of every meeting of the audit committee and, at the expense of the corporation, to attend and be heard at each meeting, and, if so requested by a member of the audit committee, the auditor or examiner shall attend any or every meeting of the committee held during his term of office.",
"citation": "FAA, s. 148 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "148",
"marginal_note": "Audit committee",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Audit Committee",
"history": "R.S., 1985, c. F-11, s. 148; 1991, c. 24, s. 50(F); 2006, c. 9, s. 268",
"last_amended": "2006-12-12",
"in_force": "2006-12-12",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-148.html",
"id": "F-11-s148-p2",
"text": "(5) [Calling meeting] The auditor or examiner of a parent Crown corporation or a member of the audit committee may call a meeting of the committee.\n(6) [Wholly-owned subsidiary] Where the report referred to in subsection 132(1) is to be prepared in respect of a wholly-owned subsidiary separately, subsections (1) to (5) apply, with such modifications as the circumstances require, in respect of the subsidiary as though\n(a) the references in subsections (1) to (5) to a parent Crown corporation were references to the subsidiary; and\n(b) the reference in paragraph (3)(a) to the annual report of the corporation were a reference to the annual report of the parent Crown corporation that wholly owns the subsidiary.",
"citation": "FAA, s. 148 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "149",
"marginal_note": "Accounts, etc., to Treasury Board or appropriate Minister",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Reports",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-149.html",
"id": "F-11-s149",
"text": "149\n(1) A parent Crown corporation shall provide the Treasury Board or the appropriate Minister with such accounts, budgets, returns, statements, documents, records, books, reports or other information as the Board or appropriate Minister may require.\n(2) [Report on material developments] The chief executive officer of a parent Crown corporation shall, as soon as reasonably practicable, notify the appropriate Minister, the President of the Treasury Board and any director of the corporation not already aware thereof of any financial or other developments that, in the chief executive officer’s opinion, are likely to have a material effect on the performance of the corporation, including its wholly-owned subsidiaries, if any, relative to the corporation’s objectives or on the corporation’s requirements for funding.\n(3) [Report on wholly-owned subsidiaries] Each parent Crown corporation shall forthwith notify the appropriate Minister and the President of the Treasury Board of the name of any corporation that becomes or ceases to be a wholly-owned subsidiary of the corporation.",
"citation": "FAA, s. 149"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "150",
"marginal_note": "Annual report",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Reports",
"history": "R.S., 1985, c. F-11, s. 150; 1991, c. 24, s. 49(E)",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-150.html",
"id": "F-11-s150",
"text": "150\n(1) Each parent Crown corporation shall, as soon as possible, but in any case within three months, after the termination of each financial year submit an annual report on the operations of the corporation in that year concurrently to the appropriate Minister and the President of the Treasury Board, and the appropriate Minister shall cause a copy of the report to be laid before each House of Parliament on any of the first fifteen days on which that House is sitting after he receives it.\n(2) [Reference to committee] An annual report laid before Parliament pursuant to subsection (1) stands permanently referred to such committee of Parliament as may be designated or established to review matters relating to the businesses and activities of the corporation submitting the report.\n(3) [Form and contents] The annual report of a parent Crown corporation shall include\n(a) the financial statements of the corporation referred to in section 131,\n(b) the annual auditor’s report referred to in subsection 132(1),\n(c) a statement on the extent to which the corporation has met its objectives for the financial year,\n(d) such quantitative information respecting the performance of the corporation, including its wholly-owned subsidiaries, if any, relative to the corporation’s objectives as the Treasury Board may require to be included in the annual report, and\n(e) such other information as is required by this Act or any other Act of Parliament, or by the appropriate Minister, the President of the Treasury Board or the Minister of Finance, to be included in the annual report,\nand shall be prepared in a form that clearly sets out information according to the major businesses or activities of the corporation and its wholly-owned subsidiaries, if any.\n(4) [Idem] In addition to any other requirements under this Act or any other Act of Parliament, the Treasury Board may, by regulation, prescribe the information to be included in annual reports and the form in which that information is to be prepared.",
"citation": "FAA, s. 150"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "151",
"marginal_note": "Consolidated quarterly reports",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Reports",
"history": "R.S., 1985, c. F-11, s. 151; 2012, c. 19, s. 220",
"last_amended": "2012-06-29",
"in_force": "2012-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-151.html",
"id": "F-11-s151",
"text": "151\n(1) The President of the Treasury Board shall, as soon as feasible after the end of each fiscal quarter of each fiscal year, make public a consolidated quarterly report on the business and activities of all parent Crown corporations, based on the quarterly financial reports that have been made public under subsection 131.1(3), and the annual reports of those corporations that were laid before Parliament under subsection 150(1), in that fiscal quarter.\n(2) [Contents] The consolidated quarterly report shall include\n(a) a list naming all Crown corporations;\n(b) the names of all or any corporations of which any shares are held by, on behalf of or in trust for the Crown or a Crown corporation, as the President of the Treasury Board considers appropriate;\n(c) financial data in respect of the parent Crown corporations, including their aggregate borrowings;\n(d) information indicating, in respect of the summaries and annual reports that were to be laid before each House of Parliament under this Part during the fiscal quarter to which the consolidated quarterly report relates, the time at, before or within which they were to be laid and the time that they were in fact laid before that House;\n(e) a list naming any parent Crown corporation that does not make public a report as required by subsection 131.1(3), if the 60-day period to do so ends in the fiscal quarter to which the consolidated quarterly report relates; and\n(f) any other information that the President of the Treasury Board may require.",
"citation": "FAA, s. 151"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "152",
"marginal_note": "",
"part": "PART X - Crown Corporations",
"division": "DIVISION III - Financial Management and Control",
"heading": "Reports",
"history": "",
"last_amended": "2012-06-29",
"in_force": "2012-06-29",
"status": "repealed",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-152.html",
"id": "F-11-s152",
"text": "152 [Repealed, 2012, c. 19, s. 220]",
"citation": "FAA, s. 152"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "153",
"marginal_note": "Commercially detrimental information",
"part": "PART X - Crown Corporations",
"division": "DIVISION IV - General",
"heading": "Commercially Detrimental Information",
"history": "1984, c. 31, s. 11",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-153.html",
"id": "F-11-s153",
"text": "153\n(1) Nothing in this Part or the Statutory Instruments Act shall be construed as requiring the tabling before either House of Parliament of any information the publication of which, in the opinion of the appropriate Minister, would be detrimental to the commercial interests of a parent Crown corporation or a wholly-owned subsidiary of a parent Crown corporation.\n(2) [Tabling] Where information in a directive is not tabled pursuant to subsection (1), the appropriate Minister shall cause that information to be laid before each House of Parliament on any of the first fifteen days on which that House is sitting after he is notified that the directive has been implemented.\n(3) [Consultation] Before forming an opinion whether the publication of any information would be detrimental as described in subsection (1), the appropriate Minister shall consult the board of directors of the parent Crown corporation concerned or whose wholly-owned subsidiary is concerned, as the case may be.\n(4) [Exception] Subsection (1) does not apply in respect of the annual auditor’s report referred to in subsection 132(1) or the report of an examiner referred to in section 141.",
"citation": "FAA, s. 153"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "154",
"marginal_note": "Contravention of Act or regulations",
"part": "PART X - Crown Corporations",
"division": "DIVISION IV - General",
"heading": "Sanction",
"history": "R.S., 1985, c. F-11, s. 154; 2005, c. 30, s. 133(E)",
"last_amended": "2005-06-29",
"in_force": "2005-06-29",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-154.html",
"id": "F-11-s154",
"text": "154 Where a director, chairperson or chief executive officer of a Crown corporation has wilfully contravened this Part or the regulations, or has wilfully caused the corporation to contravene this Part or the regulations, the Governor in Council may suspend him, with or without remuneration, for such period as the Governor in Council deems appropriate.",
"citation": "FAA, s. 154"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "154.01",
"marginal_note": "Fraud against Her Majesty",
"part": "PART X - Crown Corporations",
"division": "DIVISION IV - General",
"heading": "Offence",
"history": "2006, c. 9, s. 269",
"last_amended": "2007-03-01",
"in_force": "2007-03-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-154.01.html",
"id": "F-11-s154.01",
"text": "154.01\n(1) A director, officer or employee of a Crown corporation who, by deceit, falsehood or other fraudulent means, in connection with the collection, management or disbursement of money belonging to the corporation, defrauds the corporation of any money, securities, property or service is guilty of an indictable offence and liable on conviction\n(a) if the amount of the money or the value of the securities, property or service does not exceed $5,000, to a fine not exceeding $5,000 and to imprisonment for a term not exceeding five years; or\n(b) if the amount of the money or the value of the securities, property or service exceeds $5,000, to a fine not exceeding that amount or that value and to imprisonment for a term not exceeding fourteen years.\n(2) [Employment] A person who is convicted of an offence under subsection (1) in respect of a corporation is, after the time for final appeal has expired, ineligible to be an employee of the corporation.",
"citation": "FAA, s. 154.01"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "154.1",
"marginal_note": "",
"part": "PART X - Crown Corporations",
"division": "DIVISION IV - General",
"heading": "Offence",
"history": "",
"last_amended": "2020-07-01",
"in_force": "2020-07-01",
"status": "repealed",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-154.1.html",
"id": "F-11-s154.1",
"text": "154.1 [Repealed, 2020, c. 1, s. 55]",
"citation": "FAA, s. 154.1"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "155",
"marginal_note": "Deduction and set-off",
"part": "PART XI - Miscellaneous",
"division": "",
"heading": "PART XI - Miscellaneous",
"history": "R.S., c. F-10, s. 95; 1980-81-82-83, c. 170, s. 21; 1984, c. 31, s. 12",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-155.html",
"id": "F-11-s155",
"text": "155\n(1) Where any person is indebted to\n(a) Her Majesty in right of Canada, or\n(b) Her Majesty in right of a province on account of taxes payable to any province, and an agreement exists between Canada and the province whereby Canada is authorized to collect the tax on behalf of the province,\nthe appropriate Minister responsible for the recovery or collection of the amount of the indebtedness may authorize the retention of the amount of the indebtedness by way of deduction from or set-off against any sum of money that may be due or payable by Her Majesty in right of Canada to the person or the estate of that person.\n(2) [Payments in respect of which Canada has contributed] Where, in the opinion of the Minister of Finance,\n(a) any person is indebted to a province by reason of having received from the province a payment, in respect of which Canada has contributed under any Act, to which that person was not entitled, and\n(b) the province has made reasonable efforts to effect recovery of the amount of such indebtedness,\nthe Minister may require the retention of the amount of the indebtedness by way of deduction from or set-off against any sum of money that may be due and payable by Her Majesty in right of Canada to that person, and the amount so deducted, less the portion thereof that in the opinion of the Minister is proportionate to the contribution in respect thereof made by Canada, may be paid to the province out of the Consolidated Revenue Fund.\n(3) [Recovery of over-payment] The Receiver General may recover any over-payment made out of the Consolidated Revenue Fund on account of salary, wages, pay or pay and allowances out of any sum of money that may be due or payable by Her Majesty in right of Canada to the person to whom the over-payment was made.\n(4) [Consent of other Minister] No amount may be retained under subsection (1) without the consent of the appropriate Minister under whose responsibility the payment of the sum of money due or payable referred to in that subsection would but for that subsection be made.",
"citation": "FAA, s. 155"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "155.1",
"marginal_note": "Interest on amounts owed to Her Majesty",
"part": "PART XI - Miscellaneous",
"division": "",
"heading": "PART XI - Miscellaneous",
"history": "1991, c. 24, s. 45",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-155.1.html",
"id": "F-11-s155.1-p1",
"text": "155.1\n(1) Subject to subsections (4) and (5) and except as otherwise provided by or pursuant to any other Act of Parliament, or any regulation, order, contract or arrangement, interest is payable to Her Majesty in accordance with the regulations on any amount owed to Her Majesty\n(a) as a result of an overpayment or an erroneous payment; or\n(b) under any other Act of Parliament, or any regulation, order, contract or arrangement.\n(2) [Administrative charge] Subject to subsections (4) and (5) and except as otherwise provided by or pursuant to any other Act of Parliament, or any regulation, order, contract or arrangement, an administrative charge is payable in accordance with the regulations where, in payment or settlement of an amount due to Her Majesty, a person\n(a) tenders an instrument that is subsequently dishonoured; or\n(b) has authorized the direct debiting at a specified time of an account at a financial institution and the debit is not made at the specified time.\n(3) [Debt due to Her Majesty] Any interest or administrative charge payable pursuant to this section is a debt due to Her Majesty and may be recovered pursuant to section 155 or in any court of competent jurisdiction.\n(4) [No interest or administrative charge payable] No interest or administrative charge is payable pursuant to this section where the appropriate Minister waives the interest or administrative charge in accordance with the regulations.\n(5) [Reduced interest or administrative charge payable] Where the appropriate Minister, in accordance with the regulations, reduces any interest or administrative charge that would otherwise be payable pursuant to this section, the reduced interest or administrative charge is the amount payable.",
"citation": "FAA, s. 155.1 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "155.1",
"marginal_note": "Interest on amounts owed to Her Majesty",
"part": "PART XI - Miscellaneous",
"division": "",
"heading": "PART XI - Miscellaneous",
"history": "1991, c. 24, s. 45",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-155.1.html",
"id": "F-11-s155.1-p2",
"text": "(6) [Regulations] The Treasury Board may make regulations prescribing\n(a) rates of interest, or the manner of calculating rates of interest, payable under subsection (1);\n(b) administrative charges, or the manner of calculating administrative charges, payable under subsection (2);\n(c) terms and conditions for the imposition and payment of interest and administrative charges under this section; and\n(d) terms and conditions under which the appropriate Minister may waive or reduce the interest or administrative charges payable pursuant to this section.\n(7) [Idem] Any of the matters referred to in paragraphs (6)(a) to (d) may be prescribed with respect to any class of debts or debtors or with respect to any circumstances giving rise to a debt.",
"citation": "FAA, s. 155.1 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "155.2",
"marginal_note": "Small amounts",
"part": "PART XI - Miscellaneous",
"division": "",
"heading": "PART XI - Miscellaneous",
"history": "2014, c. 39, s. 304; 2022, c. 5, s. 20; 2022, c. 10, s. 147; 2022, c. 10, s. 173; 2024, c. 15, s. 108; 2024, c. 17, s. 92; 2024, c. 17, s. 111; 2026, c. 3, s. 139",
"last_amended": "2026-03-26",
"in_force": "2015-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-155.2.html",
"id": "F-11-s155.2-p1",
"text": "155.2\n(1) If an appropriate Minister — or any person authorized in writing by that Minister — determines, at any time, that an amount owing by a person to Her Majesty in right of Canada for which that Minister is accountable, or that an amount payable by Her Majesty in right of Canada to any person the payment of which requires the requisition of that Minister — or of any person authorized in writing by that Minister — does not exceed the amount established by regulations made under paragraph (2)(a), that amount is deemed to be nil, subject to any regulations made under paragraphs (2)(b) to (d).\n(2) [Regulations] The Treasury Board may make regulations\n(a) establishing an amount for the purposes of subsection (1), including, if the Treasury Board is of the opinion that circumstances justify doing so, establishing that amount by class, determined by method of payment or on any other basis;\n(b) specifying circumstances in which amounts that would otherwise be deemed to be nil under subsection (1) accumulate so that the aggregate of the amounts is payable, and for when that aggregate amount is payable;\n(c) if the Treasury Board is of the opinion that circumstances justify doing so, excluding from the application of subsection (1) specified amounts, including amounts specified by class, determined by method of payment, by class of persons that amounts are owing to or payable by or on any other basis; and\n(d) generally respecting the operation of subsection (1).\n(3) [Terms and conditions deemed to be met] If an amount is not paid because it is deemed to be nil, any requirements that relate to the amount and any terms and conditions that apply to its payment are deemed to be met, and the amount is not subject to interest.",
"citation": "FAA, s. 155.2 (part 1 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "155.2",
"marginal_note": "Small amounts",
"part": "PART XI - Miscellaneous",
"division": "",
"heading": "PART XI - Miscellaneous",
"history": "2014, c. 39, s. 304; 2022, c. 5, s. 20; 2022, c. 10, s. 147; 2022, c. 10, s. 173; 2024, c. 15, s. 108; 2024, c. 17, s. 92; 2024, c. 17, s. 111; 2026, c. 3, s. 139",
"last_amended": "2026-03-26",
"in_force": "2015-04-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-155.2.html",
"id": "F-11-s155.2-p2",
"text": "(4) [Terms and conditions deemed to be met] If an amount is not paid because it is accumulating, any requirements that relate to the amount and any terms and conditions that apply to its payment are deemed to be met during the period in which it is accumulating, and the amount is not subject to interest during that period.\n(5) [Inconsistency] Subsections (1), (3) and (4) and regulations made under subsection (2) prevail over any provision of any Act of Parliament, or of any regulation, order, contract or arrangement, to the extent of any inconsistency between them.\n(6) [Exceptions] Subsections (1) to (5) do not apply to the following amounts:\n(a) an amount owing by any person other than Her Majesty in right of Canada to a Crown corporation, or an amount payable by a Crown corporation to any person other than Her Majesty in right of Canada;\n(b) an amount related to the public debt, or to interest on the public debt; and\n(c) an amount owing by a person to His Majesty in right of Canada, or payable by the Minister of National Revenue to any person, under the Excise Tax Act, the Income Tax Act, the Air Travellers Security Charge Act, the Excise Act, 2001, the Softwood Lumber Products Export Charge Act, 2006, the Underused Housing Tax Act, the Select Luxury Items Tax Act or the Global Minimum Tax Act.",
"citation": "FAA, s. 155.2 (part 2 of 2)"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "156",
"marginal_note": "Acceptance and release of security",
"part": "PART XI - Miscellaneous",
"division": "",
"heading": "PART XI - Miscellaneous",
"history": "R.S., 1985, c. F-11, s. 156; 1991, c. 24, s. 46",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-156.html",
"id": "F-11-s156",
"text": "156\n(1) The appropriate Minister responsible for the recovery or collection of a debt or obligation due or payable to Her Majesty or a claim by Her Majesty may accept any security in respect of the debt, obligation or claim and may realize on the security, assign or sell Her Majesty’s interest in it or discharge, release or otherwise dispose of the security or Her Majesty’s interest in it.\n(2) [Partial disposition] The power to dispose of any security or Her Majesty’s interest in any security pursuant to this section may be exercised with respect to any part of the security or interest.\n(3) [Regulations] The Treasury Board may make regulations respecting the acceptance and disposition of security or Her Majesty’s interest in security under subsection (1), including regulations prescribing\n(a) what may be accepted as security; and\n(b) terms and conditions on which security may be accepted or on which security or Her Majesty’s interest in security may be realized on or disposed of.",
"citation": "FAA, s. 156"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "157",
"marginal_note": "Information already in Public Accounts or estimates",
"part": "PART XI - Miscellaneous",
"division": "",
"heading": "PART XI - Miscellaneous",
"history": "R.S., 1985, c. F-11, s. 157; 1991, c. 24, s. 47",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-157.html",
"id": "F-11-s157",
"text": "157 Where it appears to the Governor in Council that any account, statement, return or document required by any Act of Parliament or otherwise to be laid before one or both Houses of Parliament contains the same information as or less information than is contained in the Public Accounts or in any estimates of expenditures submitted to Parliament, the Governor in Council may direct that the account, statement, return or other document be discontinued, and thereafter it need not be prepared or laid before either House of Parliament.",
"citation": "FAA, s. 157"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "158",
"marginal_note": "Proof of Treasury Board records",
"part": "PART XI - Miscellaneous",
"division": "",
"heading": "PART XI - Miscellaneous",
"history": "R.S., c. F-10, s. 97; 1980-81-82-83, c. 170, s. 22; 1984, c. 31, s. 12",
"last_amended": "2003-01-01",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-158.html",
"id": "F-11-s158",
"text": "158 A document purporting to be a copy of an entry in the records of the Treasury Board certified by the Secretary, a Deputy Secretary, or an Assistant Secretary of the Treasury Board or by the Comptroller General of Canada, a Deputy Comptroller General of Canada or by an Assistant Comptroller General of Canada is, without proof of the signature or of the official character of the person purporting to have signed it, admissible in any court of justice and has the same probative force as the original document would have if it were proven in the ordinary way.",
"citation": "FAA, s. 158"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "159",
"marginal_note": "Definition of other financial institution",
"part": "PART XI - Miscellaneous",
"division": "",
"heading": "PART XI - Miscellaneous",
"history": "R.S., 1985, c. F-11, s. 159; 1991, c. 24, s. 48; 2024, c. 17, s. 180",
"last_amended": "2024-06-20",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-159.html",
"id": "F-11-s159",
"text": "159\n(1) In this section, other financial institution means\n(a) a member of the Canadian Payments Association, a local cooperative credit society, a fiscal agent or a financial institution with which the Receiver General establishes accounts for the deposit of public money pursuant to subsection 17(2); and\n(b) any other financial institution that accepts or receives an instruction for payment issued pursuant to section 35.\n(2) [No charge for certain cheques, etc.] No bank or other financial institution shall make a charge\n(a) for cashing a cheque or other instrument drawn on the Receiver General or on the Receiver General’s account in the Bank of Canada or any other bank or other financial institution;\n(b) for honouring or otherwise giving value for any other instruction for payment issued pursuant to section 35; or\n(c) in respect of any cheque or other instruction for payment drawn in favour of the Receiver General, the Government of Canada, any department or any public officer in the officer’s official capacity, and tendered for deposit to the credit of the Receiver General.\n(3) [Deposits of the Government of Canada, etc.] Nothing in subsection (2) shall be construed as prohibiting any arrangement between the Government of Canada and a bank or other financial institution concerning compensation for services performed by the bank or institution for the Government of Canada or interest to be paid on any or all deposits of the Government of Canada with the bank or institution.\n(4) [Disclosure of information] Any bank or other financial institution of a class prescribed by regulations that accepts for deposit an instrument or instruction for payment described in subsection (2) must disclose any information prescribed by regulations made under subsection 160(2) in any statement of account or other transaction record that is provided to the holder of the account receiving the deposit.",
"citation": "FAA, s. 159"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "160",
"marginal_note": "Regulations",
"part": "PART XI - Miscellaneous",
"division": "",
"heading": "PART XI - Miscellaneous",
"history": "R.S., 1985, c. F-11, s. 160; 2024, c. 17, s. 181",
"last_amended": "2024-06-20",
"in_force": "2003-01-01",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-160.html",
"id": "F-11-s160",
"text": "160\n(1) The Governor in Council may make regulations for carrying the purposes and provisions of this Act into effect.\n(2) [Classes of financial institutions and disclosure of information] The Governor in Council may make regulations prescribing classes of financial institutions and any information disclosure requirements referred to in subsection 159(4).",
"citation": "FAA, s. 160"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "161",
"marginal_note": "Management or protection of computer systems",
"part": "PART XI - Miscellaneous",
"division": "",
"heading": "PART XI - Miscellaneous",
"history": "2004, c. 12, s. 20",
"last_amended": "2004-04-22",
"in_force": "2004-04-22",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-161.html",
"id": "F-11-s161",
"text": "161\n(1) The appropriate Minister, any public servant employed in a department, any employee of a Crown corporation or any person acting on behalf of a department or Crown corporation who performs duties relating to the management or protection of computer systems of the department or the Crown corporation may take reasonable measures for such purposes, including the interception of private communications in circumstances specified in paragraph 184(2)(e) of the Criminal Code.\n(2) [Privacy protection] Subject to subsection (3), with respect to an interception referred to in subsection (1), the appropriate Minister shall take reasonable measures to ensure that only data that is essential to identify, isolate or prevent harm to the computer system will be used or retained.\n(3) [Limitation] Nothing in this section affects any other lawful authority to intercept, use, retain, access or disclose a private communication.\n(4) [Definition of computer system] For the purposes of this section, computer system means a device that, or a group of interconnected or related devices one or more of which,\n(a) contains computer programs or other data; and\n(b) pursuant to computer programs,\n(i) performs logic and control, and\n(ii) may perform any other function.",
"citation": "FAA, s. 161"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "162",
"marginal_note": "Meaning of listed tax law",
"part": "PART XI - Miscellaneous",
"division": "",
"heading": "PART XI - Miscellaneous",
"history": "2014, c. 20, s. 31",
"last_amended": "2014-06-19",
"in_force": "2014-06-19",
"status": "in force",
"current_to": "2026-09-03",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/section-162.html",
"id": "F-11-s162",
"text": "162\n(1) In this section, listed tax law means\n(a) the Income Tax Act and the Income Tax Regulations;\n(b) the Income Tax Conventions Interpretation Act;\n(c) the Excise Tax Act and any regulations made under that Act;\n(d) the Excise Act, 2001 and any regulations made under that Act;\n(e) the Air Travelers Security Charge Act and any regulations made under that Act;\n(f) the Excise Act and any regulations made under that Act; or\n(g) the Customs Tariff and any regulations made under that Act.\n(2) [Tabling of list — legislative proposals] The Minister shall table in the House of Commons, on or before the fifth day on which the House of Commons is sitting after October 31 of a particular fiscal year, a list of the specific legislative proposals to amend listed tax laws\n(a) that the Government publicly announced before April 1 of the fiscal year preceding the particular fiscal year; and\n(b) that have not been enacted or made before the date of tabling in substantially the same form as the proposal or in a form that reflects consultations and deliberations relating to the proposal.\n(3) [Exception] The list referred to in subsection (2) shall not include a specific legislative proposal that has been publicly withdrawn by the Government or an announcement of a general intention to develop a specific legislative proposal.\n(4) [Exception] The obligation to table does not apply in respect of a particular fiscal year if\n(a) there are no specific legislative proposals to be included in the list referred to in subsection (2); or\n(b) the fifth day on which the House of Commons is sitting after October 31 of the particular fiscal year is less than 12 months after the last general election.",
"citation": "FAA, s. 162"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "Schedule I.1",
"marginal_note": "Schedule I.1",
"part": "SCHEDULES",
"division": "",
"heading": "Schedule I.1",
"history": "",
"last_amended": "2025-05-13",
"in_force": "2018-12-13",
"status": "in force",
"current_to": "2026-09-03",
"citation": "FAA, Schedule I.1 (part 1 of 5)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/",
"id": "F-11-sched2-p1",
"text": "(Sections 2 and 3)\nColumn I | Column II\nDivision or Branch of the Federal Public Administration | Appropriate Minister\nAdministrative Tribunals Support Service of CanadaService canadien d’appui aux tribunaux administratifs | Minister of Justice\nAtlantic Canada Opportunities AgencyAgence de promotion économique du Canada atlantique | Member of the Queen’s Privy Council for Canada appointed by Commission under the Great Seal to be the Minister for the purposes of the Atlantic Canada Opportunities Agency Act\nCanada Water AgencyAgence canadienne de l’eau | Minister of the Environment\nCanadian Grain CommissionCommission canadienne des grains | Minister of Agriculture and Agri-Food\nCanadian Human Rights CommissionCommission canadienne des droits de la personne | Minister of Justice\nCanadian Intergovernmental Conference SecretariatSecrétariat des conférences intergouvernementales canadiennes | President of the King’s Privy Council for Canada\nCanadian Northern Economic Development AgencyAgence canadienne de développement économique du Nord | Minister of the Canadian Northern Economic Development Agency\nCanadian Radio-television and Telecommunications CommissionConseil de la radiodiffusion et des télécommunications canadiennes | Minister of Canadian Heritage\nCanadian Security Intelligence ServiceService canadien du renseignement de sécurité | Minister of Public Safety and Emergency Preparedness\nCanadian Space AgencyAgence spatiale canadienne | Minister of Industry\nCanadian Transportation AgencyOffice des transports du Canada | Minister of Transport\nCivilian Review and Complaints Commission for the Royal Canadian Mounted PoliceCommission civile d’examen et de traitement des plaintes relatives à la Gendarmerie royale du Canada | Minister of Public Safety and Emergency Preparedness"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "Schedule I.1",
"marginal_note": "Schedule I.1",
"part": "SCHEDULES",
"division": "",
"heading": "Schedule I.1",
"history": "",
"last_amended": "2025-05-13",
"in_force": "2018-12-13",
"status": "in force",
"current_to": "2026-09-03",
"citation": "FAA, Schedule I.1 (part 2 of 5)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/",
"id": "F-11-sched2-p2",
"text": "Communications Security EstablishmentCentre de la sécurité des télécommunications | Minister of National Defence\nCopyright BoardCommission du droit d’auteur | Minister of Industry\nCorrectional Service of CanadaService correctionnel du Canada | Minister of Public Safety and Emergency Preparedness\nCourts Administration ServiceService administratif des tribunaux judiciaires | Minister of Justice\nEconomic Development Agency of Canada for the Regions of QuebecAgence de développement économique du Canada pour les régions du Québec | Minister of the Economic Development Agency of Canada for the Regions of Quebec\nFederal Economic Development Agency for Northern OntarioAgence fédérale de développement économique pour le Nord de l’Ontario | Minister of Employment and Social Development\nFederal Economic Development Agency for Southern OntarioAgence fédérale de développement économique pour le Sud de l’Ontario | Minister of Artificial Intelligence and Digital Innovation\nFinancial Consumer Agency of CanadaAgence de la consommation en matière financière du Canada | Minister of Finance\nFinancial Transactions and Reports Analysis Centre of CanadaCentre d’analyse des opérations et déclarations financières du Canada | Minister of Finance\nImmigration and Refugee BoardCommission de l’immigration et du statut de réfugié | Minister of Citizenship and Immigration\nImpact Assessment Agency of CanadaAgence canadienne d’évaluation d’impact | Minister of the Environment\nLeaders’ Debates CommissionCommission des débats des chefs | Leader of the Government in the House of Commons\nLibrary and Archives of CanadaBibliothèque et Archives du Canada | Minister of Canadian Heritage\nMilitary Grievances External Review CommitteeComité externe d’examen des griefs militaires | Minister of National Defence"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "Schedule I.1",
"marginal_note": "Schedule I.1",
"part": "SCHEDULES",
"division": "",
"heading": "Schedule I.1",
"history": "",
"last_amended": "2025-05-13",
"in_force": "2018-12-13",
"status": "in force",
"current_to": "2026-09-03",
"citation": "FAA, Schedule I.1 (part 3 of 5)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/",
"id": "F-11-sched2-p3",
"text": "Military Police Complaints CommissionCommission d’examen des plaintes concernant la police militaire | Minister of National Defence\nMiscarriage of Justice Review CommissionCommission d’examen des erreurs du système judiciaire | Minister of Justice\nNational Farm Products CouncilConseil national des produits agricoles | Minister of Agriculture and Agri-Food\nNational Film BoardOffice national du film | Minister of Canadian Heritage\nNational Security and Intelligence Review Agency SecretariatSecrétariat de l’Office de surveillance des activités en matière de sécurité nationale et de renseignement | Prime Minister\nNorthern Pipeline AgencyAdministration du pipe-line du Nord | Minister of Natural Resources\nOffice of the Auditor GeneralBureau du vérificateur général | Minister of Finance\nOffice of the Chief Electoral OfficerBureau du directeur général des élections | Leader of the Government in the House of Commons\nOffice of the Commissioner for Federal Judicial AffairsBureau du commissaire à la magistrature fédérale | Minister of Justice\nOffice of the Commissioner of LobbyingCommissariat au lobbying | President of the Treasury Board\nOffice of the Commissioner of Official LanguagesCommissariat aux langues officielles | Leader of the Government in the House of Commons\nOffice of the Correctional Investigator of CanadaBureau de l’enquêteur correctionnel du Canada | Minister of Public Safety and Emergency Preparedness\nOffice of the Director of Public ProsecutionsBureau du directeur des poursuites pénales | Minister of Justice\nOffice of the Governor General’s SecretaryBureau du secrétaire du gouverneur général | Prime Minister\nOffice of the Intelligence CommissionerBureau du commissaire au renseignement | Prime Minister"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "Schedule I.1",
"marginal_note": "Schedule I.1",
"part": "SCHEDULES",
"division": "",
"heading": "Schedule I.1",
"history": "",
"last_amended": "2025-05-13",
"in_force": "2018-12-13",
"status": "in force",
"current_to": "2026-09-03",
"citation": "FAA, Schedule I.1 (part 4 of 5)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/",
"id": "F-11-sched2-p4",
"text": "Office of the Public Sector Integrity CommissionerCommissariat à l’intégrité du secteur public | President of the Treasury Board\nOffice of the Superintendent of Financial InstitutionsBureau du surintendant des institutions financières | Minister of Finance\nOffices of the Information and Privacy Commissioners of CanadaCommissariats à l’information et à la protection de la vie privée du Canada | Minister of Justice\nPacific Economic Development Agency of CanadaAgence de développement économique du Pacifique Canada | Minister of Infrastructure and Communities\nParole Board of CanadaCommission des libérations conditionnelles du Canada | Minister of Public Safety and Emergency Preparedness\nPatented Medicine Prices Review BoardConseil d’examen du prix des médicaments brevetés | Minister of Health\nPrivy Council OfficeBureau du Conseil privé | Prime Minister\nPublic Health Agency of CanadaAgence de la santé publique du Canada | Minister of Health\nPublic Service CommissionCommission de la fonction publique | President of the Queen’s Privy Council for Canada\nRegistrar of the Supreme Court of Canada and that portion of the federal public administration appointed under subsection 12(2) of the Supreme Court ActRegistraire de la Cour suprême du Canada et le secteur de l’administration publique fédérale nommé en vertu du paragraphe 12(2) de la Loi sur la Cour suprême | Minister of Justice\nRoyal Canadian Mounted PoliceGendarmerie royale du Canada | Minister of Public Safety and Emergency Preparedness\nRoyal Canadian Mounted Police External Review CommitteeComité externe d’examen de la Gendarmerie royale du Canada | Minister of Public Safety and Emergency Preparedness"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "Schedule I.1",
"marginal_note": "Schedule I.1",
"part": "SCHEDULES",
"division": "",
"heading": "Schedule I.1",
"history": "",
"last_amended": "2025-05-13",
"in_force": "2018-12-13",
"status": "in force",
"current_to": "2026-09-03",
"citation": "FAA, Schedule I.1 (part 5 of 5)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/",
"id": "F-11-sched2-p5",
"text": "Secretariat of the National Security and Intelligence Committee of ParliamentariansSecrétariat du Comité des parlementaires sur la sécurité nationale et le renseignement | Leader of the Government in the House of Commons\nShared Services CanadaServices partagés Canada | Minister of Public Works and Government Services\nStatistics CanadaStatistique Canada | Minister of Industry\nVeterans Review and Appeal BoardTribunal des anciens combattants (révision et appel) | Minister of Veterans Affairs"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "Schedule Iii",
"marginal_note": "Schedule Iii",
"part": "SCHEDULES",
"division": "",
"heading": "Schedule Iii",
"history": "",
"last_amended": "2026-07-07",
"in_force": "2018-11-02",
"status": "in force",
"current_to": "2026-09-03",
"citation": "FAA, Schedule Iii",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/",
"id": "F-11-sched4",
"text": "(Section 3)\nPART I\nPART II"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "Schedule Vi",
"marginal_note": "Schedule Vi",
"part": "SCHEDULES",
"division": "",
"heading": "Schedule Vi",
"history": "",
"last_amended": "2025-03-06",
"in_force": "2018-12-13",
"status": "in force",
"current_to": "2026-09-03",
"citation": "FAA, Schedule Vi (part 1 of 5)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/",
"id": "F-11-sched7-p1",
"text": "(Sections 3 and 16.3 to 16.5)\nPART I\nPART II\nColumn I | Column II\nDepartment | Accounting Officer\nAtlantic Canada Opportunities AgencyAgence de promotion économique du Canada atlantique | President\nCanada Border Services AgencyAgence des services frontaliers du Canada | President\nCanada Emission Reduction Incentives AgencyAgence canadienne pour l’incitation à la réduction des émissions | President\nCanada School of Public ServiceÉcole de la fonction publique du Canada | President\nCanada Water AgencyAgence canadienne de l’eau | President\nCanadian Accessibility Standards Development OrganizationOrganisation canadienne d’élaboration de normes d’accessibilité | Chief Executive Officer\nCanadian Firearms CentreCentre canadien des armes à feu | Commissioner of Firearms\nCanadian Food Inspection AgencyAgence canadienne d’inspection des aliments | President\nCanadian Northern Economic Development AgencyAgence canadienne de développement économique du Nord | President\nCanadian Security Intelligence ServiceService canadien du renseignement de sécurité | Director\nCanadian Space AgencyAgence spatiale canadienne | President\nCommunications Security EstablishmentCentre de la sécurité des télécommunications | Chief\nCorrectional Service of CanadaService correctionnel du Canada | Commissioner of Corrections\nEconomic Development Agency of Canada for the Regions of QuebecAgence de développement économique du Canada pour les régions du Québec | President\nFederal Economic Development Agency for Northern OntarioAgence fédérale de développement économique pour le Nord de l’Ontario | President\nFederal Economic Development Agency for Southern OntarioAgence fédérale de développement économique pour le Sud de l’Ontario | President"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "Schedule Vi",
"marginal_note": "Schedule Vi",
"part": "SCHEDULES",
"division": "",
"heading": "Schedule Vi",
"history": "",
"last_amended": "2025-03-06",
"in_force": "2018-12-13",
"status": "in force",
"current_to": "2026-09-03",
"citation": "FAA, Schedule Vi (part 2 of 5)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/",
"id": "F-11-sched7-p2",
"text": "Financial Transactions and Reports Analysis Centre of CanadaCentre d’analyse des opérations et déclarations financières du Canada | Director\nImpact Assessment Agency of CanadaAgence canadienne d’évaluation d’impact | President\nNorthern Pipeline AgencyAdministration du pipe-line du Nord | Commissioner\nOffice of the Director of Public ProsecutionsBureau du directeur des poursuites pénales | Director of Public Prosecutions\nPacific Economic Development Agency of CanadaAgence de développement économique du Pacifique Canada | President\nParks Canada AgencyAgence Parcs Canada | Chief Executive Officer\nParole Board of CanadaCommission des libérations conditionnelles du Canada | Chairperson\nPrivy Council OfficeBureau du Conseil privé | Clerk of the Privy Council\nPublic Health Agency of CanadaAgence de la santé publique du Canada | President\nRoyal Canadian Mounted PoliceGendarmerie royale du Canada | Commissioner\nShared Services CanadaServices partagés Canada | President\nStatistics CanadaStatistique Canada | Chief Statistician of Canada\nTreasury BoardConseil du Trésor | Secretary\nPART III\nColumn I | Column II\nDepartment | Accounting Officer\nAdministrative Tribunals Support Service of CanadaService canadien d’appui aux tribunaux administratifs | Chief Administrator\nCanada Employment Insurance CommissionCommission de l’assurance-emploi du Canada | Chairperson\nCanada Revenue AgencyAgence du revenu du Canada | Commissioner of Revenue\nCanadian Centre for Occupational Health and SafetyCentre canadien d’hygiène et de sécurité au travail | President\nCanadian Energy RegulatorRégie canadienne de l’énergie | Chief Executive Officer\nCanadian Grain CommissionCommission canadienne des grains | Chief Commissioner"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "Schedule Vi",
"marginal_note": "Schedule Vi",
"part": "SCHEDULES",
"division": "",
"heading": "Schedule Vi",
"history": "",
"last_amended": "2025-03-06",
"in_force": "2018-12-13",
"status": "in force",
"current_to": "2026-09-03",
"citation": "FAA, Schedule Vi (part 3 of 5)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/",
"id": "F-11-sched7-p3",
"text": "Canadian High Arctic Research StationStation canadienne de recherche dans l’Extrême-Arctique | President\nCanadian Human Rights CommissionCommission canadienne des droits de la personne | Chief Commissioner\nCanadian Institutes of Health ResearchInstituts de recherche en santé du Canada | President\nCanadian Nuclear Safety CommissionCommission canadienne de sûreté nucléaire | President\nCanadian Radio-television and Telecommunications CommissionConseil de la radiodiffusion et des télécommunications canadiennes | Chairperson\nCanadian Transportation Accident Investigation and Safety BoardBureau canadien d’enquête sur les accidents de transport et de la sécurité des transports | Chairperson\nCanadian Transportation AgencyOffice des transports du Canada | Chairperson\nCivilian Review and Complaints Commission for the Royal Canadian Mounted PoliceCommission civile d’examen et de traitement des plaintes relatives à la Gendarmerie royale du Canada | Chairperson\nCopyright BoardCommission du droit d’auteur | Vice-chairman\nCourts Administration ServiceService administratif des tribunaux judiciaires | Chief Administrator\nFinancial Consumer Agency of CanadaAgence de la consommation en matière financière du Canada | Commissioner\nImmigration and Refugee BoardCommission de l’immigration et du statut de réfugié | Chairperson\nInvest in Canada HubInvestir au Canada | Chief Executive Officer\nLaw Commission of CanadaCommission du droit du Canada | President\nLibrary and Archives of CanadaBibliothèque et Archives du Canada | Librarian and Archivist of Canada\nMilitary Grievances External Review CommitteeComité externe d’examen des griefs militaires | Chairperson\nMilitary Police Complaints CommissionCommission d’examen des plaintes concernant la police militaire | Chairperson"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "Schedule Vi",
"marginal_note": "Schedule Vi",
"part": "SCHEDULES",
"division": "",
"heading": "Schedule Vi",
"history": "",
"last_amended": "2025-03-06",
"in_force": "2018-12-13",
"status": "in force",
"current_to": "2026-09-03",
"citation": "FAA, Schedule Vi (part 4 of 5)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/",
"id": "F-11-sched7-p4",
"text": "Miscarriage of Justice Review CommissionCommission d’examen des erreurs du système judiciaire | Chief Commissioner\nNational Battlefields Commission, TheCommission des champs de bataille nationaux | Secretary\nNational Farm Products CouncilConseil national des produits agricoles | Chairman\nNational Film BoardOffice national du film | Government Film Commissioner\nNational Research Council of CanadaConseil national de recherches du Canada | President\nNational Security and Intelligence Review Agency SecretariatSecrétariat de l’Office de surveillance des activités en matière de sécurité nationale et de renseignement | executive director\nNatural Sciences and Engineering Research CouncilConseil de recherches en sciences naturelles et en génie | President\nOffice of the Auditor GeneralBureau du vérificateur général | Auditor General\nOffice of the Chief Electoral OfficerBureau du directeur général des élections | Chief Electoral Officer\nOffice of the Commissioner for Federal Judicial AffairsBureau du commissaire à la magistrature fédérale | Commissioner for Federal Judicial Affairs\nOffice of the Commissioner of LobbyingCommissariat au lobbying | Commissioner of Lobbying\nOffice of the Commissioner of Official LanguagesCommissariat aux langues officielles | Commissioner of Official Languages\nOffice of the Correctional Investigator of CanadaBureau de l’enquêteur correctionnel du Canada | Correctional Investigator\nOffice of the Information CommissionerCommissariat à l’information | Information Commissioner\nOffice of the Intelligence CommissionerBureau du commissaire au renseignement | Intelligence Commissioner\nOffice of the Privacy CommissionerCommissariat à la protection de la vie privée | Privacy Commissioner"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "Schedule Vi",
"marginal_note": "Schedule Vi",
"part": "SCHEDULES",
"division": "",
"heading": "Schedule Vi",
"history": "",
"last_amended": "2025-03-06",
"in_force": "2018-12-13",
"status": "in force",
"current_to": "2026-09-03",
"citation": "FAA, Schedule Vi (part 5 of 5)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/",
"id": "F-11-sched7-p5",
"text": "Office of the Public Sector Integrity CommissionerCommissariat à l’intégrité du secteur public | Public Sector Integrity Commissioner\nOffice of the Superintendent of Financial InstitutionsBureau du surintendant des institutions financières | Superintendent of Financial Institutions\nPatented Medicine Prices Review BoardConseil d’examen du prix des médicaments brevetés | Chairperson\nPublic Service CommissionCommission de la fonction publique | President\nRegistrar of the Supreme Court of CanadaRegistraire de la Cour suprême du Canada | Registrar\nRoyal Canadian Mounted Police External Review CommitteeComité externe d’examen de la Gendarmerie royale du Canada | Committee Chairperson\nSecretariat of the National Security and Intelligence Committee of ParliamentariansSecrétariat du Comité des parlementaires sur la sécurité nationale et le renseignement | Executive Director\nSocial Sciences and Humanities Research CouncilConseil de recherches en sciences humaines | President\nVeterans Review and Appeal BoardTribunal des anciens combattants (révision et appel) | Chairperson"
},
{
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "Schedule Vii",
"marginal_note": "Schedule Vii",
"part": "SCHEDULES",
"division": "",
"heading": "Schedule Vii",
"history": "",
"last_amended": "2026-09-01",
"in_force": "2018-12-30",
"status": "in force",
"current_to": "2026-09-03",
"citation": "FAA, Schedule Vii",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/",
"id": "F-11-sched8",
"text": "(Section 89.7)\nAgreement between Canada, the United States of America and the United Mexican States, done at Buenos Aires on November 30, 2018, as amended by the Protocol of Amendment to the Agreement between Canada, the United States of America and the United Mexican States, done at Mexico City on December 10, 2019.\nAn Act to implement the Agreement on Trade Continuity between Canada and the United Kingdom of Great Britain and Northern Ireland, done at Ottawa, on December 9, 2020.\nComprehensive and Progressive Agreement for Trans-Pacific Partnership between Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, done at Santiago on March 8, 2018, and any accession protocol that is listed in the schedule to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership Implementation Act.\nComprehensive Economic and Trade Agreement between Canada and the European Union and its Member States, done at Brussels on October 30, 2016.\nFree Trade Agreement between Canada and the Hashemite Kingdom of Jordan, signed on June 28, 2009.\nFree Trade Agreement between Canada and the Republic of Honduras, done at Ottawa on November 5, 2013.\nFree Trade Agreement between Canada and the Republic of Korea, done at Ottawa on September 22, 2014.\nFree Trade Agreement between Canada and the Republic of Panama, done at Ottawa on May 14, 2010.\nFree Trade Agreement between Canada and Ukraine, done at Ottawa on September 22, 2023."
},
{
"id": "F-11-nif-1",
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "",
"marginal_note": "Amendment not in force — 2013, c. 33, s. 228(2)",
"part": "AMENDMENTS NOT IN FORCE",
"division": "",
"heading": "Amendments not in force",
"text": "(2) [2006, c. 9, s. 262(2)] Subsection 85(1.01) of the Act is replaced by the following:\n(1.01) [Exemption for Canada Pension Plan Investment Board] Divisions I to IV, except for sections 89.8 to 89.92 and 154.01, do not apply to the Canada Pension Plan Investment Board.",
"history": "2013, c. 33, s. 228(2)",
"last_amended": "",
"in_force": "",
"status": "not-in-force",
"current_to": "2026-09-03",
"citation": "FAA — amendment not in force (2013, c. 33, s. 228(2))",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/"
},
{
"id": "F-11-nif-2",
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "",
"marginal_note": "2002, c. 9, s. 3",
"part": "AMENDMENTS NOT IN FORCE",
"division": "",
"heading": "Amendments not in force",
"text": "276 Part I of Schedule III to the Financial Administration Act is amended by striking out the following:",
"history": "2019, c. 29, s. 276",
"last_amended": "",
"in_force": "",
"status": "not-in-force",
"current_to": "2026-09-03",
"citation": "FAA — amendment not in force (2019, c. 29, s. 276)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/"
},
{
"id": "F-11-nif-3",
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "",
"marginal_note": "Amendment not in force — 2023, c. 26, s. 239",
"part": "AMENDMENTS NOT IN FORCE",
"division": "",
"heading": "Amendments not in force",
"text": "239 Part I of Schedule III to the Financial Administration Act is amended by adding the following in alphabetical order:",
"history": "2023, c. 26, s. 239",
"last_amended": "",
"in_force": "",
"status": "not-in-force",
"current_to": "2026-09-03",
"citation": "FAA — amendment not in force (2023, c. 26, s. 239)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/"
},
{
"id": "F-11-nif-4",
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "",
"marginal_note": "Amendment not in force — 2024, c. 25, s. 119",
"part": "AMENDMENTS NOT IN FORCE",
"division": "",
"heading": "Amendments not in force",
"text": "119 Schedule I.1 to the Financial Administration Act is amended by striking out, in column I, the reference to\nand the corresponding reference in column II to ‘‘Minister of Public Safety and Emergency Preparedness’’.",
"history": "2024, c. 25, s. 119",
"last_amended": "",
"in_force": "",
"status": "not-in-force",
"current_to": "2026-09-03",
"citation": "FAA — amendment not in force (2024, c. 25, s. 119)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/"
},
{
"id": "F-11-nif-5",
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "",
"marginal_note": "Amendment not in force — 2024, c. 25, s. 120",
"part": "AMENDMENTS NOT IN FORCE",
"division": "",
"heading": "Amendments not in force",
"text": "120 Schedule I.1 to the Act is amended by adding, in alphabetical order in column I, a reference to\nand a corresponding reference in column II to ‘‘Minister of Public Safety and Emergency Preparedness’’.",
"history": "2024, c. 25, s. 120",
"last_amended": "",
"in_force": "",
"status": "not-in-force",
"current_to": "2026-09-03",
"citation": "FAA — amendment not in force (2024, c. 25, s. 120)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/"
},
{
"id": "F-11-nif-6",
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "",
"marginal_note": "Amendment not in force — 2024, c. 25, s. 121",
"part": "AMENDMENTS NOT IN FORCE",
"division": "",
"heading": "Amendments not in force",
"text": "121 Schedule IV to the Act is amended by striking out the following:",
"history": "2024, c. 25, s. 121",
"last_amended": "",
"in_force": "",
"status": "not-in-force",
"current_to": "2026-09-03",
"citation": "FAA — amendment not in force (2024, c. 25, s. 121)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/"
},
{
"id": "F-11-nif-7",
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "",
"marginal_note": "Amendment not in force — 2024, c. 25, s. 122",
"part": "AMENDMENTS NOT IN FORCE",
"division": "",
"heading": "Amendments not in force",
"text": "122 Schedule IV to the Act is amended by adding the following in alphabetical order:",
"history": "2024, c. 25, s. 122",
"last_amended": "",
"in_force": "",
"status": "not-in-force",
"current_to": "2026-09-03",
"citation": "FAA — amendment not in force (2024, c. 25, s. 122)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/"
},
{
"id": "F-11-nif-8",
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "",
"marginal_note": "Amendment not in force — 2024, c. 25, s. 123",
"part": "AMENDMENTS NOT IN FORCE",
"division": "",
"heading": "Amendments not in force",
"text": "123 Part III of Schedule VI to the Act is amended by striking out, in column I, the reference to\nand the corresponding reference in column II to ‘‘Chairperson’’.",
"history": "2024, c. 25, s. 123",
"last_amended": "",
"in_force": "",
"status": "not-in-force",
"current_to": "2026-09-03",
"citation": "FAA — amendment not in force (2024, c. 25, s. 123)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/"
},
{
"id": "F-11-nif-9",
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "",
"marginal_note": "Amendment not in force — 2024, c. 25, s. 124",
"part": "AMENDMENTS NOT IN FORCE",
"division": "",
"heading": "Amendments not in force",
"text": "124 Part III of Schedule VI to the Act is amended by adding, in alphabetical order in column I, a reference to\nand a corresponding reference in column II to ‘‘Chairperson’’.",
"history": "2024, c. 25, s. 124",
"last_amended": "",
"in_force": "",
"status": "not-in-force",
"current_to": "2026-09-03",
"citation": "FAA — amendment not in force (2024, c. 25, s. 124)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/"
},
{
"id": "F-11-nif-10",
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "",
"marginal_note": "Amendment not in force — 2026, c. 3, s. 566",
"part": "AMENDMENTS NOT IN FORCE",
"division": "",
"heading": "Amendments not in force",
"text": "566 Part I of Schedule III to the Financial Administration Act is amended by deleting the following:",
"history": "2026, c. 3, s. 566",
"last_amended": "",
"in_force": "",
"status": "not-in-force",
"current_to": "2026-09-03",
"citation": "FAA — amendment not in force (2026, c. 3, s. 566)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/"
},
{
"id": "F-11-nif-11",
"act_code": "F-11",
"act_short": "FAA",
"act_name": "Financial Administration Act",
"section": "",
"marginal_note": "Amendment not in force — 2026, c. 8, s. 16",
"part": "AMENDMENTS NOT IN FORCE",
"division": "",
"heading": "Amendments not in force",
"text": "16 Schedule VII to the Financial Administration Act is amended by adding the following in alphabetical order:\nComprehensive Economic Partnership Agreement between Canada and Indonesia, done at Ottawa on September 24, 2025.",
"history": "2026, c. 8, s. 16",
"last_amended": "",
"in_force": "",
"status": "not-in-force",
"current_to": "2026-09-03",
"citation": "FAA — amendment not in force (2026, c. 8, s. 16)",
"source_url": "https://laws-lois.justice.gc.ca/eng/acts/f-11/"
}
] |