You're using an outdated browser. This website will not display correctly and some features will not work.
Learn more about the browsers we support for a faster and safer online experience.


Financial Administration Act



Note: This Regulation was revoked on December 9, 2021. (See: 2021, c. 40, Sched. 11, s. 7.)

Last amendment: 294/18.

Legislative History: 294/18.

This is the English version of a bilingual regulation.


1. In this Regulation,

“business day” means Monday to Friday, excluding holidays.

Non-cash expenses

2. For the purpose of the definition of “non-cash expense” in subsection 1 (1) of the Act, each of the following expenses is prescribed as a non-cash expense:

disposition of certain electricity-related assets below market

1. An imputed subsidy arising when a disposition of a security, debt obligation or any other interest is made under Part IV of the Electricity Act, 1998 at a price less than the closing price at which it publicly trades on the business day before the disposition. This paragraph does not apply to a disposition made through a public offering.

disposition of leasehold below market

2. An imputed subsidy arising upon the disposition of a leasehold interest in real property for less than market value. This paragraph does not apply to a disposition made under one of the following Acts:

i. The Provincial Parks and Conservation Reserves Act, 2006.

ii. The Public Lands Act. O. Reg. 591/17, s. 2; O. Reg. 294/18, s. 1.

3. Omitted (provides for coming into force of provisions of this Regulation).