The Treasury Board, pursuant to paragraphs 126(a) and (b) of the Financial Administration Act, hereby repeals the Crown Corporation Corporate Plan and Budget Regulations, made by decision T.B. 802718 of July 23, 1986* and the Crown Corporation Summaries Regulations, 1986, made by decision T.B. 804020 of December 18, 1986**, and makes the annexed Regulations prescribing the period to be covered by corporate plans, the time within which corporate plans, budgets or amended plans or budgets shall be submitted, the information to be included therein and the time within which summaries of corporate plans, budgets or amended plans or budgets are to be laid before Parliament, in substitution therefor. SOR/86-828, 1986 Canada Gazette Part II, p. 3324 SOR/87-37, 1987 Canada Gazette Part II, p. 310
Short Title
These Regulations may be cited as the Crown Corporation Corporate Plan, Budget and Summaries Regulations.
Interpretation
In these Regulations, Act means the Financial Administration Act. (Loi)
Period Covered by Corporate Plan
A corporate plan of a parent Crown corporation shall cover
the financial year in which its corporate plan is to be submitted;
the financial year preceding the financial year referred to in paragraph (a); and
the period of five financial years following the financial year referred to in paragraph (a).
Time for Submission of Corporate Plan, Operating Budget and Capital Budget
A parent Crown corporation shall submit its corporate plan, capital budget and, if required to do so by the Act, operating budget to the appropriate Minister no later than eight weeks prior to the commencement of each financial year.
Unavailable Information
Where any information normally included in a corporate plan, operating budget, capital budget or amendment to a plan or budget is unavailable, the parent Crown corporation shall give in the plan, budget or amendment the reasons for the unavailability of that information
Form of Corporate Plan, Budgets and Amendments
Subject to subsection (2), a corporate plan, operating budget, capital budget or amendment to a plan or budget shall be submitted to the appropriate Minister in both official languages
Graphs, tables and calculations in a corporate plan, operating budget, capital budget or amendment to a plan or budget may be prepared in one official language only.
Laying Summaries Before Parliament
Any summary of a corporate plan, operating budget, capital budget or amended plan or budget that is required to be laid before each House of Parliament pursuant to subsection 125(4) of the Act shall be laid before each House of Parliament on any of the first 30 days on which that House is sitting after
in the case of a summary of a corporate plan or amended plan, the approval of the plan by the Governor in Council in accordance with section 122 of the Act;
in the case of a summary of an operating budget, capital budget or amended budget that is included in a corporate plan, the approval referred to in paragraph (a); and
in the case of a summary of an operating budget, capital budget or amended budget, other than such a budget referred to in paragraph (b), the approval of the budget by the Treasury Board in accordance with section 123 or 124 of the Act, as the case may be.