TABLE OF PROVISIONSAN ACT TO IMPLEMENT CERTAIN PROVISIONS OF THE 2011 BUDGET AS UPDATED ON JUNE 6, 2011SHORT TITLE1. Supporting Vulnerable Seniors and Strengthening Canada’s Economy ActPART 1AMENDMENTS TO THE INCOME TAX ACT, A RELATED ACT AND A RELATED REGULATION2–3. Income Tax Act4–6. Canada Disability Savings Act7–8. Canada Disability Savings RegulationsPART 2MEASURES RELATING TO EXCISE DUTIES AND SALES AND EXCISE TAXES9. Excise Act, 200110–12. Excise Tax ActPART 3OLD AGE SECURITY ACT13–14. AmendmentsPART 4PAYMENTS15. Genome Canada16. Canadian Youth Business FoundationPART 5AUDITOR GENERAL ACT17. AmendmentPART 6CANADA STUDENT FINANCIAL ASSISTANCE ACT18. Amendments to the Act19. Coming into ForcePART 7MORTGAGE OR HYPOTHECARY INSURANCE20. Enactment of Protection of Residential Mortgage or Hypothecary Insurance ActAN ACT TO AUTHORIZE, IN CERTAIN CIRCUMSTANCES, THE MAKING OF PAYMENTS OR THE PURCHASE OF REPLACEMENT INSURANCE BY HER MAJESTY IN RESPECT OF CERTAIN TYPES OF MORTGAGE OR HYPOTHECARY INSURANCE PROVIDED BY AN INSURANCE COMPANY IN RESPECT OF WHICH A WINDING-UP ORDER IS MADE AND TO TERMINATE CERTAIN AGREEMENTS RELATING TO MORTGAGE OR HYPOTHECARY INSURANCESHORT TITLE1. Protection of Residential Mortgage or Hypothecary Insurance ActINTERPRETATION2. DefinitionsPURPOSES3. PurposesAPPROVED MORTGAGE INSURERS4. Designation5. Suspension of designation6. Cancellation of designation7. Company never designated8. Adequacy of capital9. Fees for risk exposure10. Designation of qualified mortgage lenders11. Insurance restricted12. Subsidiaries13. Conditions and undertakings — business with affiliates, etc.14. Prohibited policies — affiliates, etc.15. Obligation to retain information, books and recordsMORTGAGE OR HYPOTHECARY INSURANCE PROTECTION16. Minister’s obligations17. Minister’s discretion18. Ineligible mortgage loan19. Pre-existing contracts20. Subrogation21. Subrogation — subsection 16(2)22. Calculation of amount — event has occurred23. Replacement insurance24. Satisfaction of future claims25. Affiliates, etc.26. Time of payment — subsection 16(2)PROTECTED LOAN LIMIT27. Limit28. Allocation of limitEXAMINATION AND REPORTING29. Examination30. Notice to Minister31. Court order to comply32. Notice to Minister — section 27SANCTIONS33. Offence34. False or misleading information35. Punishment36. Liability of officers, directors, etc.37. Limitation period or prescription38. Appeal with leave39. Recovery and application of finesLEGAL PROCEEDINGS40. No liabilityREGULATIONS41. Regulations42. Ministerial regulationsTERMINATION OF AGREEMENTS43. Definition of “agreement”44. Agreements are terminated45. No liability46. No compensation47. Obligation to send statement48. Ownership21. Consequential Amendment — Budget Implementation Act, 200622–24. Consequential Amendments — National Housing Act25. Consequential Amendment — Office of the Superintendent of Financial Institutions Act26. Coming into ForcePART 8FEDERAL-PROVINCIAL FISCAL ARRANGEMENTS ACT27–29. AmendmentsPART 9INSURANCE COMPANIES ACT30–31. AmendmentsPART 10ASSESSMENT OF FINANCIAL INSTITUTIONS REGULATIONS, 200132. Amendment to the Regulations33. ValidationPART 11FINANCIAL ADMINISTRATION ACT34–35. Amendments to the Act36. Coming into ForcePART 12CANADA SHIPPING ACT, 200137–44. Amendments to the Act45. Consequential Amendment to the Coasting Trade Act