Order in Council 242/2017

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 Parliament of Canada introduced An Act to amend the Canada Pension Plan, the Canada Pension Plan Investment Board Act and the Income Tax Act, S.C. 2016, c. 14, (the “Act”) which received Royal Assent on December 15, 2016;

And whereas the Act amends multiple provisions of both the Canada Pension Plan, R.S.C. 1985, c. C-8 and the Canada Pension Plan Investment Board Act, S.C. 1997, c. 40 in Part 1 of the Act and also amends the Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.) in Part 2 of the Act;

And whereas section 65 of the Act states that Part 1 of the Act comes into force in accordance with subsection 114(4) of the Canada Pension Plan;

And whereas when Part 1 of the 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, Her Excellency the Lieutenant Governor in Council of the Province of Ontario, on the recommendation of the Minister of Finance, in accordance with subsection 114(4) of the Canada Pension Plan, is pleased to hereby consent on behalf of the Province of Ontario to the coming into force of Part 1 of An Act to amend the Canada Pension Plan, the Canada Pension Plan Investment Board Act and the Income Tax Act, S.C. 2016, c. 14.