Bill C-549
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3rd Session, 40th Parliament,
59 Elizabeth II, 2010
house of commons of canada
BILL C-549
An Act to amend the National Housing Act (Canada Mortgage and Housing Corporation's retained earnings)
R.S., c. N-11
Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
1. Paragraphs 21(2)(a) to (d) of the National Housing Act are replaced by the following:
(a) the capitalization of the Corporation’s Mortgage Insurance Fund under this Part up to a maximum of 150% of the Minimum Capital Test recommended by the Office of the Superintendent of Financial Institutions; and
(b) the transfer of all remaining funds to the provinces for the purpose of providing housing for families of low income.
Published under authority of the Speaker of the House of Commons
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Available from:
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Public Works and Government Services Canada