LEGEND

What follows are blackline documents outlining amendments to the BIA, CCAA and WEPP which have been passed by the government, but not yet proclaimed in force. It is hoped that these comparisons will serve as a useful tool in providing a comprehensive understanding of what the legislation will ultimately look like, when the proposed amendments are proclaimed in force.

  • The current versions of both the BIA and CCAA include recent amendments from the Budget Implementation Act, 2007, c. 29 (previously Bill C-52), which came into force on November 17, 2007. As such, the changes made by this Act will not show up as ‘blacklined’ in the documents.
  • C. 47: “An Act to establish the Wage Earner Protection Program Act, to amend the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act and to make consequential amendments to other Acts” (previously Bill C-55)
  • C.36: “An Act to amend the Bankruptcy and Insolvency Act, the Companies’ Creditors Arrangement Act, the Wage Earner Protection Program Act and chapter 47 of the Statutes of Canada, 2005” (previously Bill C-12)
  • Not included in these blacklines are the transitional provisions and consequential amendments included in C.47 and C.36. These consequential amendments relate to other acts, including, the Canada Labour Code, the Canada Pension Plan, the Employment Insurance Act and the Income Tax Act.

1. BIA: a comparison of the current version of the BIA to that which will come into force when both C.47 and C.36 are proclaimed in force

2. CCAA: a comparison of the current version of the CCAA to that which will come into force when both C.47 and C.36 are proclaimed in force

3. WEPP: a comparison of the version introduced by C.47 to that which will come into force when both C.47 and C.36 are proclaimed in force

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