Browse regulations

This regulation restricts authorized foreign banks from engaging in certain securities dealings in Canada, including primary distribution and secondary trading of corporate shares and debt, as well as acting as selling agents for mutual funds, with numerous exceptions for government securities, own-account activities, and specific transactions.

The regulation restricts competition and market entry by foreign banks, leading to higher costs, reduced innovation, and inefficiencies for Canadian consumers and businesses. Its protectionist effects harm economic liberty and contribute to the brain drain. Any legitimate regulatory goals can be achieved through non-discriminatory, activity-based regulations that apply equally to domestic and foreign institutions. The costs of maintaining these barriers outweigh any purported benefits.

Sets the exchange rate calculation method for authorized foreign banks to use the latest available buying rate when converting foreign deposits to Canadian dollars, effective June 28, 1999

This regulation provides a clear, objective standard for currency conversion that protects consumers from arbitrary exchange rates. Without it, banks could apply unfavorable rates at their discretion, increasing costs for Canadians with foreign deposits. The mechanism ensures transparency and consistency in a market where consumers lack negotiating power.

Two sections of a regulation already repealed by SOR/2006-293, section 6. The original substance and purpose are no longer in force, indicating the regulatory framework has already been corrected.

Already repealed, confirming its removal was justified. Reinstating would reintroduce unnecessary legal complexity and compliance costs without delivering commensurate public benefit. The repeal itself signals recognition that this regulation created distortions, inefficiencies, or burdens that outweighed any intended advantages.

Seven sections (1-7) of a regulation, all marked as repealed by SOR/2006-265, section 1. No substantive regulatory text remains.

Already entirely repealed; no legal effect. Maintaining repealed provisions creates statutory clutter and confusion without any purpose.

This regulation governs how interest is calculated on bank deposits during bank failures, specifically for deposits covered by Canada Deposit Insurance Corporation (CDIC) protection. It establishes formulas for determining interest accrual when contracts reference variable rates tied to external indexes, and sets rules for early withdrawal penalties and minimum/maximum interest provisions.

This regulation creates unnecessary complexity in the banking system by imposing rigid formulas for interest calculation during bank failures. It interferes with private contract freedom, potentially reduces market efficiency, and adds compliance costs without clear consumer benefit. The CDIC already provides deposit insurance - this level of regulatory micromanagement distorts market signals and creates artificial certainty where none exists.

This regulation defines cinematographic works for copyright purposes, specifically identifying Canadian productions through certification, CRTC recognition, or government funding, effective April 22, 1999.

Creates artificial barriers to creative expression by defining 'Canadian' content through government certification and funding rather than market demand. Distorts the film industry by privileging government-approved productions over merit-based competition, reducing supply diversity and increasing costs for consumers.

Prescribes five professional categories (camera work/lighting/sound, costumes/coiffure/make-up, set design, arranging/orchestrating, research/editing/continuity) that are deemed to contribute directly to creative aspects of productions for the purposes of the Status of the Artist Act, while excluding those engaged in support, administrative, legal, accounting, or management work.

Regulation creates a government-defined hierarchy that distorts market competition, raises compliance costs, and restricts supply of non-categorized creative workers. It leads to arbitrary distinctions, stifles innovation in evolving production roles, and invites legal disputes over classification—unseen costs that burden productions and reduce artistic diversity.

This regulation establishes procedures for distributing or applying funds recovered from financial institutions under specific provisions of the Insurance Companies Act and Winding-up and Restructuring Act, with amounts under $1M used to reduce assessments against other financial institutions, and amounts over $1M distributed to affected institutions after deducting expenses.

This regulation creates unnecessary administrative complexity and cost for redistributing recovered funds that could be eliminated by allowing market mechanisms to handle creditor claims and asset distribution. The pro rata distribution system and expense deductions add bureaucratic overhead without clear benefits to Canadians, and the $1M threshold creates arbitrary distinctions in how recovered funds are handled.

Prescribes $15,000,000 as the specified amount for agreements with governments under paragraph 73(2.1)(b) of the Nunavut Act. This establishes a financial threshold for a category of government agreements, providing legal clarity and certainty.

Canadians would be worse off due to legal uncertainty about the applicable threshold for government agreements in Nunavut. Deleting would create ambiguity that could impede territorial governance and contractual clarity. The regulation achieves its desired outcome—setting a clear, administratively simple threshold—in a way that would be difficult to replicate without formal prescription.

Remission order waiving anti-dumping duties on Krupp Fabco Co.'s June 5, 1998 import of automotive galvannealed coil steel, contingent on timely claim and verification of spec compliance.

Obsolete 1998-specific relief; creates precedent for special pleading and regulatory capture; underlying trade remedy regime should be evaluated holistically, not via piecemeal exceptions that undermine equal treatment.

This regulation authorizes the Alberta Chicken Producers Board to regulate chicken marketing in interprovincial and export trade, impose levies on producers, and use funds for Board expenses and producer equalization.

It artificially restricts supply and competition, raising consumer prices and distorting market signals; coercive levies redistribute income from producers to the Board and other producers, creating inefficiencies and barriers to entry that protect incumbents at the expense of consumers and economic efficiency.

Defines 'widely held' life insurance companies—no person with significant share interest, or full ownership by a company where no person has significant interest in that parent or non-voting shares. Excludes insurers with Canadian assets under $7.5B as of Dec 31, 1991. Determines application of subsection 407(4) of the Insurance Companies Act.

Classification imposes unwarranted restrictions on ownership and consolidation, reducing capital formation and market flexibility. The 1991 asset threshold is obsolete, distorting competition between older and newer firms. Policyholder protection is better achieved through financial solvency requirements, not ownership caps.

Regulation governing the conversion of mutual life insurance companies into stock companies, requiring detailed conversion proposals with valuations, independent expert opinions, Superintendent approvals at multiple stages, extensive disclosure to policyholders, restrictions on insider compensation, and a one-year lock-up on share issuances to insiders after listing.

Imposes extensive mandatory procedures and government oversight on voluntary corporate restructurings, increasing costs and delays while supplanting market-determined solutions. Protection for policyholders could be achieved through voluntary best practices, independent valuations, and legal remedies for fraud, making this intervention unnecessary and harmful to liberty, efficiency, and competitiveness in Canada's insurance sector.

Zoning regulations for Toronto/Lester B. Pearson International Airport establishing height restrictions, approach surfaces, outer surfaces, and bird hazard zones to ensure aviation safety and prevent interference with aircraft operations.

Aviation safety requires clear zones around airports. Without these regulations, tall structures could interfere with flight paths, creating collision risks. The height restrictions protect both aircraft and people on the ground from potential disasters.

Sections 1-3 of this regulation have been repealed by SOR/2006-145 and no longer have any legal effect or enforceability.

Already repealed and obsolete; contains no active provisions and therefore imposes zero regulatory burden, compliance costs, or unintended consequences on Canadians.