name: Supporting Vulnerable Seniors and Strengthening Canada’s Economy Act
unofficial_text: # Supporting Vulnerable Seniors and Strengthening Canada’s Economy Act
  
  SC 2011, c 15
  
  An Act to implement certain provisions of the 2011 budget as updated on June 6, 2011
  
  Assented to 2011-6-26
  
  Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: 
  
  ## Short Title 
  
  ### Short title
  
  1 This Act may be cited as the Supporting Vulnerable Seniors and Strengthening Canada’s Economy Act.  
  
  # PART 1 
  
  ## Amendments to the Income Tax Act, a Related Act and a Related Regulation 
  
  ## Income Tax Act 
  2 [Amendments] 
  3 [Amendments] 
  
  ## Canada Disability Savings Act 
  4 [Amendment] 
  5 [Amendment] 
  6 [Amendment] 
  
  ## Canada Disability Savings Regulations 
  7 [Amendment] 
  8 [Amendment] 
  
  # PART 2 
  
  ## Measures Relating to Excise Duties and Sales and Excise Taxes 
  
  ## Excise Act, 2001 
  9 [Amendment] 
  
  ## Excise Tax Act 
  10 [Amendment] 
  11 [Amendment] 
  12 [Amendments] 
  
  # PART 3 
  
  ## Old Age Security Act 
  13 [Amendment] 
  14 [Amendment] 
  
  # PART 4 
  
  ## Payments 
  
  ## Genome Canada 
  
  ### Maximum payment of $65,000,000
  
  15 There may be paid out of the Consolidated Revenue Fund, on the requisition of the Minister of Industry, a sum of not more than $65,000,000 to Genome Canada for its use. 
  
  ## Canadian Youth Business Foundation 
  
  ### Maximum payment of $20,000,000
  
  16 There may be paid out of the Consolidated Revenue Fund for the fiscal years 2011-12 and 2012-13, on the requisition of the Minister of Industry, a sum of not more than $20,000,000 to the Canadian Youth Business Foundation for its use. 
  
  # PART 5 
  
  ## Auditor General Act 
  17 [Amendment] 
  
  # PART 6 
  
  ## Canada Student Financial Assistance Act 
  
  ## Amendments to the Act 
  18 [Amendments] 
  
  ## Coming into Force 
  
  ### Order in council
  
   * 19  Section 18 comes into force on a day to be fixed by order of the Governor in Council.  
  * [Note: Section 18 in force January 1, 2012, see SI/2011-112.]  
  
  # PART 7 
  
  ## Mortgage or Hypothecary Insurance 
  
  ## Enactment of Protection of Residential Mortgage or Hypothecary Insurance Act 
  
  ### Enactment
  
  20 The Protection of Residential Mortgage or Hypothecary Insurance Act is enacted as follows:  
  
  ## Consequential Amendments 
  
  ## Budget Implementation Act, 2006 
  21 [Amendment] 
  
  ## National Housing Act 
  22 [Amendment] 
  23 [Amendment] 
  24 [Amendment] 
  
  ## Office of the Superintendent of Financial Institutions Act 
  25 [Amendment] 
  
  ## Coming into Force 
  
  ### Order in council
  
   * 26  This Part comes into force on a day to be fixed by order of the Governor in Council. 
  * [Note: Sections 22 to 24 in force June 29, 2012, see 2012, c. 19, s. 359; Part 7, other than sections 22 to 24, in force January 1, 2013, see SI/2012-87.]  
  
  # PART 8 
  
  ## Federal-Provincial Fiscal Arrangements Act 
  27 [Amendment] 
  28 [Amendment] 
  29 [Amendment] 
  
  # PART 9 
  
  ## Insurance Companies Act 
  30 [Amendment] 
  31 [Amendment] 
  
  # PART 10 
  
  ## Assessment of Financial Institutions Regulations, 2001 
  
  ## Amendment to the Regulations 
  32 [Amendment] 
  
  ## Validation 
  33 [Transitional Provision] 
  
  # PART 11 
  
  ## Financial Administration Act 
  
  ## Amendments to the Act 
  34 [Amendment] 
  35 [Amendment] 
  
  ## Coming into Force 
  
  ### June 1, 2011
  
  36 Section 35 is deemed to have come into force on June 1, 2011.  
  
  # PART 12 
  
  ## Canada Shipping Act, 2001 
  
  ## Amendments to the Act 
  37 [Amendment] 
  38 [Amendment] 
  39 [Amendments] 
  40 [Amendment] 
  41 [Amendment] 
  42 [Amendment] 
  43 [Amendments] 
  44 [Amendment] 
  
  ## Consequential Amendment to the Coasting Trade Act 
  45 [Amendment]