On the recommendation of the undersigned, the Lieutenant Governor of Ontario, by and with the advice and concurrence of the Executive Council of Ontario, orders that:

Whereas the federal Budget Implementation Act, 2022, No. 1 (S.C. 2022, c. 10) (the Federal Act) received Royal Assent on June 23, 2022;

And whereas subsection 422(2) of the Federal Act states that Part 5 Division 28 comes into force in accordance with subsection 114(4) of the Canada Pension Plan (R.S.C., 1985, c. C-8);

And whereas when Part 5 Division 28 of the Federal Act comes into force, it will alter matters referred to in subsection 114(4) of the Canada Pension Plan;

And whereas subsection 114(4) of the Canada Pension Plan provides that where any enactment of Parliament contains any provision that alters, or the effect of which is to alter, either directly or indirectly and either immediately or in the future, matters referred to in that subsection, it shall be deemed to be a term of that enactment, whether or not it is expressly stated in the enactment, that the provisions shall come into force only on a day to be fixed by order of the Governor in Council, which order may not be made and shall not in any case have any force or effect unless the lieutenant governor in council of each of at least two thirds of the included provinces, having in the aggregate not less than two thirds of the population of all of the included provinces, has signified the consent of that province to the enactment;

Therefore in accordance with subsection 144(4) of the Canada Pension Plan (R.S.C., 1985, c. C- 8), the Province of Ontario consents to the enactment of Part 5 Division 28 of the Budget Implementation Act, 2022, No. 1 (S.C. 2022, c. 10).

Ministry of Finance

Approved and Ordered: October 20, 2022