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Bill 68, Plan to Protect Ontario Act (Budget Measures), 2025 (No. 2)

Bethlenfalvy, Hon. Peter Minister of Finance

Current status:

Royal Assent received. Statutes of Ontario 2025,

chapter 15

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EXPLANATORY

NOTE

This Explanatory Note was written as a reader’s

aid to Bill 68 and does not form part of the law.

Bill 68 has been enacted as

Chapter 15 of the Statutes of Ontario, 2025.

SCHEDULE 1

CAP AND TRADE CANCELLATION ACT, 2018

The

Schedule amends the Cap and Trade Cancellation Act, 2018

by repealing sections 3 to 5, which require the Government to establish targets

for the reduction of greenhouse gas emissions in Ontario and for the Minister

to prepare a climate change plan and reports in respect of the climate change

plan.

SCHEDULE 2

CONNECTING CARE ACT, 2019

The

Schedule amends the Connecting Care Act, 2019 . The

major elements are set out below.

The

amendments provide that certain assets and revenues of Ontario Health (the

“Agency”) do not form part of the Consolidated Revenue Fund. They also provide

that all of the assets and revenues of Ontario Health atHome (the “Service

Organization”) do not form part of the Consolidated Revenue Fund.

Currently,

Ontario Health and Ontario Health atHome are not able to borrow, lend or invest

money without the approval of the Lieutenant Governor in Council. The

amendments repeal this restriction, and instead related financial powers must

be exercised under the authority of a by-law approved by the Minister of Health

and the Minister of Finance. In addition, certain related financing activities

must be co-ordinated and arranged by the Ontario Financing Authority unless the

Minister of Finance approves otherwise.

Related

regulation-making powers are added.

SCHEDULE 3

CONSERVATION AUTHORITIES ACT

The

Schedule amends the Conservation Authorities Act .

The Ontario Provincial Conservation Agency is established. Its objects include

overseeing conservation authorities and the transition to a regional

watershed-based framework for conservation authorities in Ontario.

Where

the Minister considers it to be in the public interest to do so, the Minister

may issue directions to the Agency. The Agency may issue directions to one or

more conservation authorities but must first provide the Minister with a copy

of the proposed direction, allowing the Minister the opportunity to take

specified actions.

The

Agency is authorized to establish and require the payment of fees and to take

steps to recover its costs and expenses.

Other

provisions include limitations on personal liability for specified persons and

the barring of specified proceedings. Regulation-making authorities for both

the Lieutenant Governor in Council and the Minister are also added to the Act.

SCHEDULE 4

CORPORATIONS INFORMATION ACT

The

Corporations Information Act is amended by adding a

new

section 6.1 that would require corporations subject to

section 140.2 of the

Business Corporations Act to file a return setting

out prescribed information regarding individuals with significant control over

the corporation. The Minister is permitted to provide all or part of the

information to specified persons and regulatory bodies, or to other prescribed

persons or entities.

SCHEDULE 5

CREDIT UNIONS AND CAISSES POPULAIRES ACT, 2020

The

Credit Unions and Caisses Populaires Act, 2020 is

amended to provide for the sale of credit union securities to non-members in

certain circumstances. Complementary amendments are made, including amendments

to address the voting rights of non-members and the rights of non-members to

elect directors and fill vacancies.

SCHEDULE 6

EDUCATION ACT

Under

the Education Act , municipalities are required to

levy taxes for school purposes and to remit those taxes to school boards. The

Schedule amends

section 257.11 of the Act with respect to the calculation of

instalment payments. Also, on request by the Minister of Finance, municipalities

must provide information returns to the Minister of Finance with respect to the

instalments and payments in lieu of taxes for school purposes.

consequential amendment is made to the Assessment Act .

SCHEDULE 7

ELECTION ACT

Section

9 of the Election Act , which provides for general

elections at four-year intervals on the first Thursday in June, is repealed.

Consequential

amendments are made to the Election Act and other

Acts, including the following:

1. The

timing of targeted registration programs under

section 17.14 of the Election Act is changed.

2. The

requirement for a pre-election review, under

section 13 of the Fiscal Sustainability, Transparency and Accountability Act, 2019 ,

is repealed.

3. The

prohibition on the publication of certain items before an election period,

under paragraph 2 of subsection 8 (3) of the Government

Advertising Act, 2004 , is repealed.

4. A

section is added to the Legislative Assembly Act providing for no Legislative

Assembly to continue for longer than five years.

SCHEDULE 8

ELECTION FINANCES ACT

The Election Finances Act

is amended.

Subsection

2 (1) of the Act is amended to provide for the Chief Electoral Officer to

conduct investigations and examinations of third parties.

Section

7 of the Act is amended to give the Chief Electoral Officer the power to

require information from third parties.

Section

18 of the Act is amended to increase the limit for contributions to registered

parties and to provide for contribution limits for registered parties and

others to be indexed to inflation.

Changes

are made to continue the quarterly allowances paid under

section 32.1 of the

Act to registered parties and registered constituency associations. The

not-yet-in-force repeal of the provision relating to quarterly allowances in Restoring Trust, Transparency and Accountability Act, 2018

is repealed.

Section

37.4 of the Act is amended to prohibit a third party that is required to

register under

section 37.5 from causing third party political advertisements

to appear unless the third party provides proof of registration. Broadcasters

and publishers are required to ensure compliance with that prohibition before

allowing a third party political advertisement to appear.

Amendments

are made to sections 37.10.1 and 38.1 of the Act that are consequential to the

amendments to the Election Act to repeal the

requirement for fixed date elections at four-year intervals.

Amendments

are made to

section 45.1 of the Act which allows the Chief Electoral Officer to

require persons or entities to pay administrative penalties. Additional

provisions are added to the provisions in respect of which penalties may be

imposed. Additional provisions are also added to the provisions in respect of

which higher penalties may be imposed.

SCHEDULE 9

EMPLOYER HEALTH TAX ACT

Section

5 of the Employer Health Tax Act is amended to

provide that the deadline for delivering returns for a year for employers who

cease to have a permanent establishment in Ontario as a result of an

amalgamation under

section 87 of the Income Tax Act

(Canada) is the earlier of the day that is six months after the date of the

amalgamation and March 15 of the following year.

SCHEDULE 10

FISCAL SUSTAINABILITY, TRANSPARENCY AND ACCOUNTABILITY ACT, 2019

The

Fiscal Sustainability, Transparency and Accountability

Act, 2019 is amended to change references to “provincial net debt” to

“provincial net financial liabilities”.

SCHEDULE 11

INSURANCE ACT

The

Schedule amends the Insurance Act as follows:

Section

14.1 of the Act is amended to provide for the reassessment of health system

costs assessed under that section.

New

subsection 121.0.1 (4.3) of the Act provides that in the event of a conflict

between a transitional Authority rule made under subsection 121.0.1 (4.2) and

the Act or the regulations, the rule prevails.

New

section 299.1 of the Act provides that if an insurer provides reimbursement or

other payment in respect of a drug dispensed by an operator of a pharmacy, the

insurer shall provide the same reimbursement or other payment in respect of

that drug for all operators of pharmacies that dispense it, subject to certain

limits.

Finally,

new

section 392.0.1 of the Act allows the Lieutenant Governor in Council to

designate a reciprocal insurance exchange as a public sector reciprocal

insurance exchange in certain circumstances.

a reciprocal insurance exchange is designated as a public sector reciprocal

insurance exchange, the Lieutenant Governor in Council may make regulations in

respect of the exchange, including to assign a responsible Minister to the

exchange for the purposes of the section, to govern the composition of the

exchange’s advisory board and to require that the financial statements of a

public sector reciprocal insurance exchange be included in the consolidated

financial statements of the Province.

individual may also be appointed by order of the Lieutenant Governor in Council

as a supervisor for a public sector reciprocal insurance exchange for the

purposes of assuming control of the exchange and responsibility for its

activities.

Various

other requirements that apply in respect of public sector reciprocal insurance

exchanges are provided for and the Lieutenant Governor in Council is given

regulation-making powers in respect of related matters.

SCHEDULE 12

INTERIM APPROPRIATION FOR 2026-2027 ACT, 2025

The

Schedule enacts the Interim Appropriation for 2026-2027

Act, 2025 , which authorizes expenditures pending the voting of supply

for the fiscal year ending on March 31, 2027 up to specified maximum amounts.

All expenditures made or recognized under the Act must be charged to the proper

appropriation following the voting of supply for the fiscal year ending on

March 31, 2027.

SCHEDULE 13

ONTARIO MUNICIPAL EMPLOYEES RETIREMENT SYSTEM ACT, 2006

The

Schedule amends the Ontario Municipal Employees Retirement

System Act, 2006 . Here are some highlights.

New

section 21.1 provides that the Minister of Municipal Affairs and Housing may,

by order, require the Sponsors Corporation to wind up its affairs. Various

rules governing the winding up of the Sponsors Corporation are provided.

Re-enacted

section 22 provides for the establishment of the Sponsors Council. The objects

of the Sponsors Council are specified, as well as rules concerning its

composition and authority with respect to passing by-laws and resolutions.

References to “Sponsors Corporation” throughout the Act are amended to refer to

“Sponsors Council”. These amendments come into force on a day to be named by

order of the Lieutenant Governor in Council.

New

section 25.2 requires the Administration Corporation to prepare the initial

by-laws for the Sponsors Council.

New

subsection 33 (3) requires that the Administration Corporation’s by-laws

respecting its composition and the method of choosing its members comply with

such requirements as may be prescribed. Amendments are made to subsection 33

(4) with respect to persons who are eligible to be members of the

Administration Corporation.

New

section 33.1 provides that the Minister of Municipal Affairs and Housing may

appoint a person as Chair of the Administration Corporation for a term

commencing April 15, 2026 and that that term shall not exceed three years.

New

sections 36 to 39 set out various limitations on remedies. Among other things,

new

section 36 provides that no cause of action arises as a result of, among

other things, amendments made to the Act or to regulations or orders made under

the Act by the Crown or any current or former employees, officers or agents of

the Executive Council or employee, officer or agent of or advisor to the Crown.

New sections 37 and 38 provide that current or former members of the Executive

Council, officers, employees or agents of the Crown and current or former

members or employees of the Sponsors Corporation are not subject to personal

liability for good faith conduct. New

section 39 provides for a bar on legal

proceedings in connection with the matters described in sections 37 and 38.

New

section 40 provides authority for the Minister of Municipal Affairs and Housing

to make various regulations in connection with the amendments to the Act.

SCHEDULE 14

PENSION BENEFITS ACT

New

section 80.5 of the Pension Benefits Act sets out

rules that apply if an employer of a single employer pension plan that provides

only defined contribution benefits proposes to convert the plan into a jointly

sponsored pension plan. The

section permits members, former members, retired

members, specified beneficiaries and other persons entitled to benefits under

the single employer pension plan to elect, by way of direction to the

administrator, not to transfer the assets relating to their benefits as part of

the conversion and to instead exercise certain rights under subsection 42

(1) or 39.1 (4), as applicable, with respect to their benefits. The

section also

provides that those individuals who do not provide the direction within a

prescribed period are deemed to have consented to the transfer of assets.

New

section 80.6 sets out rules that apply if an employer of a single employer

pension plan that provides defined benefits and defined contribution benefits

proposes to convert the pension plan into a jointly sponsored pension plan.

Section

81 currently sets out rules that apply when a successor pension plan takes the

place of another pension plan by the same employer or where a multi-employer

pension plan is amended to be a successor to an existing multi-employer pension

plan. The

section is amended to also apply if a jointly sponsored pension plan

is established or amended to be a successor to an existing jointly sponsored

pension plan. Additional rules that apply to the successor pension plan are

added to the section. In addition,

section 75.1 is amended to include rules

that apply where the successor jointly sponsored pension plan is subsequently

wound up.

New

section 101.4 is added. It provides that where an employer of a single employer

pension plan that provides defined contribution benefits becomes a

participating employer in a jointly sponsored pension plan and other

circumstances set out in new subsection 101.4 (1) exist, a member of the single

employer pension plan may request that the administrator of the plan transfer

the assets relating to the member’s defined contribution benefits to the

jointly sponsored pension plan. The

section also sets out the rules that apply

to these transfers.

Consequential

amendments are made to various provisions of the Act.

SCHEDULE 15

REBUILDING ONTARIO PLACE ACT, 2023

The

Schedule amends the Rebuilding Ontario Place Act, 2023 .

A new subsection 1 (2) provides that land identified by a Property

Identification Number (PIN) is the land described by the PIN on the day the PIN

is added to a

Schedule or regulation under the Act and the identification of

such land is not affected by any subsequent change to the PIN.

Subsection

2 (5) is amended to allow regulations to limit the extent or duration of the

vesting of land. The existing subsection 12 (1) authorizes regulations to be

made to facilitate construction at the Ontario Place site. An amendment is made

to instead authorize regulations to be made for the purpose of furthering the

Ontario Place Redevelopment Project.

Subsection

13 (5) is repealed such that there is no longer a requirement for the City of

Toronto and the Corporation (or the prescribed person or entity) to enter

reasonably promptly into negotiations to agree on terms for the municipal

service and right of way access. Various other related and technical amendments

are made.

Property

Identification Numbers are added to Schedules 1 and 2.

SCHEDULE 16

SUPPLEMENTARY INTERIM APPROPRIATION FOR 2025-2026 ACT, 2025

The

Schedule enacts the Supplementary Interim Appropriation

for 2025-2026 Act, 2025 , which authorizes expenditures pending the

voting of supply for the fiscal year ending on March 31, 2026 up to specified

maximum amounts. The expenditures authorized are in addition to those

authorized under the Interim Appropriation for 2025-2026

Act, 2024 . All expenditures made or recognized under the Interim Appropriation for 2025-2026 Act, 2024 and this

Act must be charged to the proper appropriation following the voting of supply

for the fiscal year ending on March 31, 2026.

SCHEDULE 17

TAXATION ACT, 2007

The

Schedule amends the Taxation Act, 2007 . Here are

some highlights:

1. A

new

section 53.3 provides for the expanded Ontario made manufacturing

investment tax credit. The credit is available in respect of eligible

expenditures made by a qualifying corporation. The criteria for a corporation

to be a qualifying corporation are set out in subsection 53.3 (6). Subsection

53.3 (7) sets out the criteria for eligible expenditures, including that the

expenditure is incurred in respect of the acquisition of eligible property and

is incurred on or after May 15, 2025 and before January 1, 2030. Eligible

property is defined in subsection 53.3 (22).

2. Amendments

are made to the Ontario made manufacturing investment tax credit set out in

section 97.2. The formula for determining the amount of a qualifying

corporation’s tax credit is amended to add an additional 5 per cent to the rate

in respect of eligible property that becomes available for use on or after May

15, 2025 and before January 1, 2030. Subsection 97.2 (4) is amended to provide

that an expenditure is an eligible expenditure if it is incurred before January

1, 2030. Another amendment is made to subsection 97.2 (4) respecting the

taxation year in which an expenditure must be incurred, if it is incurred on or

after March 23, 2023. That amendment is made retroactive to March 23, 2023.

3. New

section 97.3 provides for the Ontario shortline railway investment tax credit.

The tax credit is available in respect of eligible expenditures incurred by a

qualifying corporation. The criteria for a corporation to be a qualifying

corporation are set out in subsection 97.3 (3). A qualifying corporation’s

eligible expenditures are the sum of its eligible capital expenditures and

eligible labour expenditures. In order to claim the tax credit, a qualifying

corporation must obtain a certificate issued by the Minister of Transportation.

Consequential amendments are made to sections 84 and 176.

4. Amendments

are made to subsections 104.16 (3.2) and (3.3) with respect to the formulas for

determining the amount of a small beer manufacturers’ tax credit for sales

years beginning on and after March 3, 2025. The amendments are made retroactive

to June 5, 2025.

5. Amendments

are made to

section 23 in connection with the indexation of dollar amounts used

to determine an individual’s Ontario Trillium Benefit and Ontario child

benefit. The amendments in respect of the Ontario Trillium Benefit are made

retroactive to July 1, 2011 and the amendments in respect of the Ontario child

benefit are made retroactive to July 1, 2015. Related amendments are made to

Part IV.1.

6. Amendments

are made to the rules governing the property and sales tax credits and Ontario

energy and property tax credit in Division D of

Part IV of the Act, the Ontario

Trillium Benefit and the Senior homeowners’ property tax grant. Generally, the

amendments provide that the current rules that apply with respect to principal

residences that are mobile homes also apply to principal residences that are

land lease homes or specified homes. A definition of “specified home” is

included in subsection 1 (1). These amendments are made retroactive to January

1, 2020.

7. Various

amendments are made to the French version of the Act, and other technical

amendments are made.

SCHEDULE 18

WASAGA BEACH-RELATED AMENDMENTS

The

Schedule amends the Provincial Parks and Conservation

Reserves Act, 2006 to provide that certain lands do not constitute a

provincial park or form part of a provincial park. The

Schedule also amends the

Historical Parks Act to provide that some of those

lands are designated as a historical park.

Bill 68 2025

Act to implement Budget measures and to enact and amend various statutes

CONTENTS

Contents

of this Act

Commencement

Short

title

Schedule 1

Cap

and Trade Cancellation Act, 2018

Schedule 2

Connecting

Care Act, 2019

Schedule 3

Conservation

Authorities Act

Schedule 4

Corporations

Information Act

Schedule 5

Credit

Unions and Caisses Populaires Act, 2020

Schedule 6

Education

Act

Schedule 7

Election

Act

Schedule 8

Election

Finances Act

Schedule 9

Employer

Health Tax Act

Schedule 10

Fiscal

Sustainability, Transparency and Accountability Act, 2019

Schedule 11

Insurance

Act

Schedule 12

Interim

Appropriation for 2026-2027 Act, 2025

Schedule 13

Ontario

Municipal Employees Retirement System Act, 2006

Schedule 14

Pension

Benefits Act

Schedule 15

Rebuilding

Ontario Place Act, 2023

Schedule 16

Supplementary

Interim Appropriation for 2025-2026 Act, 2025

Schedule 17

Taxation

Act, 2007

Schedule 18

Wasaga

Beach-related Amendments

His

Majesty, by and with the advice and consent of the Legislative Assembly of the

Province of Ontario, enacts as follows:

Contents

of this Act

1 This Act consists of this section, sections 2 and 3 and

the Schedules to this Act.

Commencement

(1) Except as otherwise provided

in this section, this Act comes into force on the day it receives Royal Assent.

(2) The

Schedules to this Act come into force as provided in each Schedule.

(3) If

a

Schedule to this Act provides that any of its provisions are to come into

force on a day to be named by order of the Lieutenant Governor in Council, an

order may apply to one or more of those provisions, and orders may be issued at

different times with respect to any of those provisions.

Short

title

3 The

short title of this Act is the Plan to Protect Ontario Act (Budget Measures),

2025 (No. 2) .

SCHEDULE 1

CAP AND TRADE CANCELLATION ACT, 2018

Sections 3 to 5 of the Cap and Trade Cancellation Act,

2018 are repealed.

Commencement

This

Schedule comes into force on the day the Plan to

Protect Ontario Act (Budget Measures), 2025 (No. 2) receives Royal

Assent.

SCHEDULE 2

CONNECTING CARE ACT, 2019

(1) Section 7 of the Connecting Care Act, 2019

is amended by adding the following subsection:

Assets

and revenue

(1.1) Despite

Part I of the Financial Administration Act , the

following assets and revenues of the Agency do not form part of the

Consolidated Revenue Fund:

1. Funding

that the Agency receives from the Crown in right of Ontario, except for any

funding that is specified in the accountability agreement by the Minister as

forming part of the Consolidated Revenue Fund.

2. Any

revenue generated, or money or assets received, from a person or entity other

than the Crown in right of Ontario in compliance with the Agency’s power in

paragraph 6 of subsection (3).

3. Any

other prescribed assets or revenues.

(2) Paragraphs

2 and 3 of subsection 7 (3) of the Act are repealed.

(3) Section

7 of the Act is amended by adding the following subsections:

Restrictions

on borrowing, etc.

(6) The

power of the Agency to borrow, invest funds, manage risk associated with

financing and investment or incur liabilities in order to facilitate financing

by others may only be exercised under the authority of a by-law that has been

approved in writing by the Minister and the Minister of Finance.

Co-ordination

of financing activities

(7) All

borrowing, financing, investment of funds and financial risk management

activities of the Agency shall be co-ordinated and arranged by the Ontario

Financing Authority, unless the Minister of Finance approves otherwise.

Clauses 19 (2) (

e) and (

f) of the Act are repealed and the following

substituted:

(

e) a

progressive performance management process for the Agency;

(

f) subject

to the regulations, a specification by the Minister of any funding that the

Agency receives from the Crown in right of Ontario that is to form part of the

Consolidated Revenue Fund; and

(

g) all

other prescribed matters, if any.

(1) Section 27.8 of the Act is amended by adding the following

subsection:

Assets

and revenue

(1.1) Despite

Part I of the Financial Administration Act , the

assets and revenue of the Service Organization do not form part of the

Consolidated Revenue Fund.

(2) Paragraphs

2 and 3 of subsection 27.8 (3) of the Act are repealed.

(3) Section

27.8 of the Act is amended by adding the following subsections:

Restrictions

on borrowing, etc.

(6) The

power of the Service Organization to borrow, invest funds, manage risk

associated with financing and investment or incur liabilities in order to

facilitate financing by others may only be exercised under the authority of a

by-law that has been approved in writing by the Minister and the Minister of

Finance.

Co-ordination

of financing activities

(7) All

borrowing, financing, investment of funds and financial risk management

activities of the Service Organization shall be co-ordinated and arranged by

the Ontario Financing Authority, unless the Minister of Finance approves

otherwise.

(1) Subsection 48 (1) of the Act is amended by adding the following

clauses:

(d.1) prescribing

assets or revenues of the Agency that do not form part of the Consolidated

Revenue Fund;

(d.2) prescribing

assets or revenues of any subsidiary of the Agency or the Service Organization,

other than the Service Organization itself, that do not form part of the

Consolidated Revenue Fund;

(d.3) prescribing

limitations on the ability of the Minister to, in the accountability agreement,

specify types of funding that form part of the Consolidated Revenue Fund;

(2) Clause

48 (1) (

n) of the Act is amended by striking out “the Connecting

People to Home and Community Care Act, 2020 or the Convenient

Care at Home Act, 2023 ” in the portion before subclause (

i) and

substituting “the Connecting People to Home and Community

Care Act, 2020 , the Convenient Care at Home Act,

2023 or

Schedule 2 to the Plan to Protect Ontario

Act (Budget Measures), 2025 (No. 2) ”.

Commencement

This

Schedule comes into force on the day the Plan to

Protect Ontario Act (Budget Measures), 2025 (No. 2) receives Royal

Assent.

SCHEDULE 3

CONSERVATION AUTHORITIES ACT

Section 1 of the Conservation Authorities Act is

amended by adding the following definition:

“Agency”

means the corporation established under

section 35.1; (“Agence”)

Subsections 23.1 (9) and (10) of the Act are repealed.

Subsections 23.3 (5) and (6) of the Act are repealed.

The Act is amended by adding the following Part:

PART VIII.1

THE AGENCY

Corporation

established

35.1 A

and in French as Agence ontarienne de protection de la nature is established as

a corporation without share capital.

Crown

agent

35.2 The Agency is an agent

of the Crown and may exercise its powers only as an agent of the Crown.

Application of other Acts

Not-for-Profit

Corporations Act, 2010

35.3

(1) Except

for

section 41, subsection 43 (1) and

section 46 of the Not-for-Profit

Corporations Act, 2010 , which apply to the Agency with necessary

modifications, that Act does not apply to the Agency except as prescribed by

regulation and subject to such modifications as may be prescribed by

regulation.

Same,

indemnity

(2) The

Agency shall not give an indemnity under

section 46 of the Not-for-Profit Corporations Act, 2010 to any person

unless the indemnity has been approved in accordance with

section 28 of the Financial Administration Act .

Corporations Information Act

(3) The

Corporations Information Act does not apply to the

Agency, except as prescribed by regulation and subject to such modifications as

may be prescribed by regulation.

Objects of Agency

35.4 The objects of the

Agency are the following:

1. Oversee

the governance of authorities and other aspects of authorities such as their

operations, including the programs and services they provide, to further the

purposes of the Act.

2. Oversee

the transition to a regional watershed-based framework

for authorities in Ontario.

3. Promote

consistent policies, standards and fees for programs and services provided by

authorities.

4. Assess

and report on the effectiveness of authorities in furthering the conservation,

restoration, development and management of natural resources in watersheds in

Ontario, including outcomes related to the implementation of their programs and

services.

5. Oversee

and evaluate the financial performance of authorities to ensure their long-term

operational and capital financial sustainability, including the financial

sustainability of their programs and services required under

section 21.1.

6. Guide

and evaluate the strategic planning by authorities to ensure it aligns with

provincial objectives.

7. Support

the development and implementation of a standardized and centralized system for

processing applications for permits issued by authorities.

8. Lead

the development and implementation of digital strategies and shared services to

support the operations of authorities, including their programs and services.

9. Support

strategic investment in programs and services provided by authorities,

including leveraging funding available to Ontario and authorities.

10. Advise the Government of Ontario in

respect of the programs and services authorities provide under the Act and any

matters related to the objects of the Agency.

11. Any

other objects prescribed by regulation.

General powers

35.5

(1) Except

as limited by this Act and the regulations, the Agency has the capacity, rights

and powers of a natural person for carrying out its objects.

Financial

activities

(2) The

Agency shall not borrow money, invest funds or manage financial risks except in

accordance with a by-law of the Agency that has been approved by the Minister

of Finance.

Co-ordination

of certain financial activities

(3) Subject

to subsection (4), the Ontario Financing Authority shall co-ordinate and

arrange all borrowing, investing of funds and managing of financial risk of the

Agency.

Direction

of Minister of Finance

(4) The

Minister of Finance may, in writing, direct a person other than the Ontario

Financing Authority to perform the functions referred to in subsection (3).

Same

(5) A

direction of the Minister of Finance under subsection (4) may be general or

considers advisable.

Use

of revenue

(6) The

Agency shall carry out its operations without the purpose of gain and shall not

use its revenue, including all money or assets it receives by grant,

contribution or otherwise, for any purpose other than to further its objects.

Revenues

and investments

(7) Despite

Part I of the Financial Administration Act , the

revenues and investments of the Agency do not form part of the Consolidated

Revenue Fund.

political donations

(8) The

Agency shall not make any political donations.

registration as charity

(9) The

Agency shall not apply for or obtain registration as a registered charity under

the Income Tax Act (Canada).

Board

of directors

35.6

(1) Subject

to the regulations, the Agency shall consist of at least five and not more than

12 members appointed by the Lieutenant Governor in Council who shall form the

board of directors of the Agency.

Ineligibility

(2) A

person is not eligible to be appointed if the person is a member of Parliament

or a member of the Assembly or satisfies such criteria as may be prescribed by

regulation.

Considerations

(3) The

Lieutenant Governor in Council shall, in appointing a person as a member of the

board of directors, take into consideration,

(

a) the

person’s knowledge and experience in public administration, corporate

governance and finance;

(

b) the

person’s knowledge of programs and services provided by authorities; and

(

c) such

other matters as may be prescribed by regulation.

Term

(4) A

member of the board of directors shall be appointed for a term of up to three

years, as may be determined by the Lieutenant Governor in Council and, subject

to subsection (5), may be reappointed.

Limit

(5) A

person may serve as a member of the board of directors for no more than nine

years in total, whether the years are served consecutively or otherwise.

Termination

(6) A

member ceases to be a member of the board of directors if, before the term of

the member expires,

(

a) the

Lieutenant Governor in Council revokes the member’s appointment; or

(

b) the

member dies, resigns as a member of the board of directors or becomes bankrupt.

Expenses

(7) The

members of the board of directors shall be paid such remuneration and expenses

as may be determined by the Lieutenant Governor in Council.

Chair

and vice-chairs

(8) Subject

to subsection (12), the Lieutenant Governor in Council shall designate a chair

and up to two vice-chairs from among the members of the board of directors.

Chair’s

role

(9) The

chair shall preside over the meetings of the board of directors.

Absence

of chair

(10) If

the chair is absent or otherwise unable to act or if the office is vacant, a

vice-chair has the powers and shall perform the duties of the chair.

Absence

of chair and vice-chairs

(11) In

the absence of the chair and the vice-chairs, a director that the board of

directors designates has the powers and shall perform the duties of the chair.

Where

no designation

(12) If

the Lieutenant Governor in Council has not designated a chair or a vice-chair,

the members of the board of directors may select a chair or vice-chair from

among their members to hold office as provided for by by-law, until such time

as the Lieutenant Governor in Council makes a designation.

Board

meetings

35.7

(1) The

board of directors shall meet regularly throughout the year and in any event

shall hold at least four meetings in each year.

Quorum

(2) A

majority of the board of directors constitutes a quorum for the conduct of the

business of the board.

Chief

executive officer

35.8

(1) The

Secretary of the Cabinet shall appoint the first chief executive officer to be

employed by the Agency.

Same

(2) The

Agency shall appoint and employ a chief executive officer following the

completion of the term of the first chief executive officer and shall appoint

subsequent chief executive officers.

Role

(3) The

chief executive officer is responsible for the management and administration of

the affairs of the Agency, subject to the supervision and direction of the

board of directors.

Restriction

(4) The

chief executive officer shall not be a member of the board of directors.

Remuneration

(5) The

Agency shall pay such remuneration and benefits to the Chief Executive Officer

as is determined by the board of directors.

Employees,

facilities, services

35.9 The chief executive

officer may, as the chief executive officer considers necessary for the proper

conduct of the affairs of the Agency, appoint employees, arrange for facilities

and equipment and obtain expert or technical services.

Affairs

of Agency

35.10

(1) Subject

to this Act, the board of directors shall manage or supervise the management of

the activities and affairs of the Agency.

By-laws

and resolutions

(2) The

board of directors may make by-laws and pass resolutions regulating its

proceedings and generally for the conduct and management of the affairs of the

Agency.

Officers

(3) Without

limiting the generality of subsection (2), the board of directors may make

by-laws or pass resolutions to appoint officers and assign to them such powers

and duties as the board considers appropriate.

Councils,

committees, etc.

35.11 The board of directors

may, by by-law, establish such councils, committees and other bodies as it

considers appropriate.

Delegation

35.12

(1) Subject

to subsection (2), the board of directors may, as it considers appropriate, by

by-law delegate any of its powers or assign any of its duties under this Act or

any other Act to employees of the Agency or to any councils, committees or

other bodies established under

section 35.11 and may impose conditions and

restrictions with respect to the delegation.

Restrictions

(2) The

board shall not delegate the powers prescribed by regulation, nor shall it

assign any duties prescribed by regulation.

Fiscal

year

35.13 The fiscal year of the

Agency begins on April 1 in each year and ends on March 31 in the following

year.

Financial

statements

35.14

(1) The

Agency shall prepare annual financial statements in accordance with generally

accepted accounting principles.

Auditors

(2) The

Agency shall appoint one or more auditors licensed under the Public Accounting Act, 2004 to audit the financial

statements of the Agency for each fiscal year.

Auditor

General

(3) The

Auditor General may also audit the financial statements of the Agency.

Other

audits

(4) In

addition to the requirement for an annual audit,

(

a) the

Minister may, at any time, audit any aspect of the operations of the Agency;

and

(

b) the

Auditor General may, at any time, audit any aspect of the operations of the

Agency.

Report

35.15 The Agency shall

provide a report to the Minister no later than March 31, 2029 and every

subsequent three years on March 31 respecting the following:

1. The

activities and effectiveness of the Agency during the previous three years in

achieving its objects.

2. The

Agency’s planned activities to achieve its objects during the year of the

report and the subsequent two years and the Agency’s strategic priorities for

the longer term.

3. Such

other matters as may be prescribed by the regulations.

Direction

by Minister

35.16

(1) Where

the Minister considers it to be in the public interest to do so, the Minister

may issue directions to the Agency.

Timing

(2) Except

in the case of a Minister’s direction mentioned in subsection 35.21 (5) that

must be issued during a notice period respecting a proposed direction of the

Agency, the Minister may issue a direction to the Agency at any time.

Same

(3) For

greater certainty, in addition to a direction mentioned in subsection 35.21

(5) respecting a proposed direction of the Agency, the Minister may at any time

issue a direction requiring the Agency to issue a direction.

Binding

(4) The

Agency shall comply with every direction of the Minister.

General

or particular

(5) A

direction of the Minister may be general or particular in its application and

may relate to the Agency’s exercise of its powers and duties under this or any

other Act.

Non-application

of Legislation Act, 2006

(6) Part

III (Regulations) of the Legislation Act, 2006 does

not apply to directions of the Minister.

Public

availability

(7) The

Agency shall publish every direction under this

section on a website.

Conflict

(8) For

greater certainty, in the event of a conflict between a direction issued under

this

section and a provision of any applicable Act or regulation, the Act or

regulation prevails.

Minister

may require information

35.17

(1) The

Minister may require that the Agency provide information to the Minister at the

time and in the manner specified by the Minister.

Same

(2) Without

limiting the generality of subsection (1), the information that the Agency may

be required to provide includes information relating to its operations,

employees, assets, liabilities, rights and obligations, which may include

plans, reports and financial statements, including audited financial

statements, and may include personal information.

Personal

information

(3) The

Minister may collect personal information from the Agency or from individuals

for the purposes of exercising powers or performing duties under this Act.

Duty

to comply

(4) The

Agency shall comply with subsection (1) within the time and in the form that

the Minister specifies.

notice to individual

(5) Any

collection by the Minister of personal information under this

section is exempt

from the application of subsection 39 (2) of the Freedom

of Information and Protection of Privacy Act .

Consistent

purpose

(6) For

the purposes of the Freedom of Information and Protection

of Privacy Act , personal information collected under this

section may be

used by the Ministry for the purposes of exercising powers or performing duties

under this Act, and that use shall be deemed to be for a purpose that is

consistent with the purpose for which the personal information was obtained or

compiled.

Provision of information despite privilege

(7) The

Agency shall comply with the requirement to provide information under

subsection (1) even if the information required to be provided is privileged or

confidential.

No waiver of privilege

(8) A

disclosure under subsection (7) does not constitute a waiver of privilege.

Publication

(9) Subject

to subsections (10) and (11), if directed by the Minister to publish all or a

portion of the information provided to the Minister under subsection (1), the

Agency shall do so at the time and in the manner specified by the Minister.

Limitation

(10) Subsection

(9) does not apply in respect of any privileged or confidential information.

Same

(11) Subsection

(9) shall not be read as limiting the application of the

Freedom of Information and Protection of Privacy Act in respect of the

information.

Memorandum

of understanding, accountability etc.

35.18

(1) The

Minister and the Agency shall enter into a memorandum of understanding, which

must set out, at a minimum,

(

a) the

requirements relating to the governance of the Agency and the expectations

between the Ministry and Agency regarding the Agency’s operations;

(

b) the

accountability relationships between the Minister and the Agency and the roles

and responsibilities for Ministry and Agency personnel, the chair, vice-chairs

and board of directors; and

(

c) the

requirements with which the Agency shall comply in connection with carrying out

its objects.

Conflict

(2) For

greater certainty, in the event of a conflict between the memorandum of

understanding and a provision of any applicable Act or regulation, the Act or

regulation prevails.

Review

35.19

(1) The

Minister may,

(

a) require

that policy, legislative or regulatory reviews related to the powers and duties

of the Agency under this Act, the regulations or the memorandum of

understanding be carried out by,

(

i) the

Agency or by a person or entity acting on behalf of the Agency, or

(ii) a

person or entity specified by the Minister; or

(

b) require

that reviews of the Agency, of its operations or of both, including, without

limitation, performance, governance, accountability and financial reviews, be

carried out by,

(

i) the

Agency or by a person or entity acting on behalf of the Agency, or

(ii) a

person or entity specified by the Minister.

Access

to records

(2) If

a review is carried out by a person or entity specified by the Minister, the

Agency shall give the person or entity and the employees and agents of the

person or entity access to all records and other information required to

conduct the review.

Report

to Minister

(3) The

results of reviews under this

section shall be reported to the Minister, within

the time specified by the Minister.

Terms

and conditions

(4) The

under this section.

Winding

35.20

(1) If the

Minister considers it to be in the public interest to wind up the affairs of

the Agency, the Minister may do all things necessary to accomplish that,

including dealing with the assets and liabilities of the Agency by,

(

a) liquidating

or selling the assets and paying the proceeds into the Consolidated Revenue

Fund;

(

b) transferring

the assets and liabilities to the Crown, including another agency of the Crown;

(

c) transferring

the Agency’s employees to the Crown or to another agency of the Crown.

Dissolution

(2) When

the winding up of the Agency is complete, the Lieutenant Governor in Council

may, by order, dissolve the Agency as of the date specified in the order.

Agency directions to authorities

Definition

35.21

(1) In this

section,

“notice

period” means the 45-day period following the day on which a copy of a proposed

direction is provided under subsection (4) or such other period as may be

prescribed by the regulations.

Issuing

of directions

(2) The

Agency may issue directions to one or more authorities, in accordance with this

section and the regulations, governing the operations of authorities, including

the programs and services that authorities provide.

Same

(3) Without

limiting the generality of subsection (2), and subject to the regulations, a

direction may address the following:

1. Key

performance indicators, key results or service delivery targets.

2. Service

standards.

3. Information

technology.

4. Procurement.

5. Training

of members and employees.

6. Budgeting.

7. Asset

management plans.

8. Strategic

planning.

Notice

(4) Except

as otherwise provided by the regulations, the Agency shall, before issuing a

direction, initiate the notice period in respect of the direction by providing

the Minister with a copy of the proposed direction.

Minister’s

options during notice period

(5) The

Minister may, during the notice period, issue a direction under

section 35.16

directing the Agency to take any action in relation to the proposed direction

as specified in the Minister’s direction and requiring the Agency to report to the

Minister on what actions the Agency took to comply with the Minister’s

direction.

Timing

(6) The

Agency shall not issue a direction until,

(

a) if

the Minister provides the Agency with a written statement that the Agency may

proceed with the proposed direction, the day the Minister’s statement is

issued;

(

b) if

the Minister issues a direction mentioned in subsection (5), the day the

Minister provides the Agency with a written statement that the Minister is

satisfied that the Agency has complied with the Minister’s direction; or

(

c) if

the Minister does not issue any direction or provide any written statement

mentioned in clause (

a) during the notice period, the day after the final day

of the notice period.

Compliance

by authority

(7) An

authority shall comply with every direction of the Agency.

General

or particular

(8) A

direction of the Agency may be general or particular in its application.

Non-application

Part III of the Legislation Act, 2006

(9) Part

III (Regulations) of the Legislation Act, 2006 does

not apply to directions of the Agency.

Publication

(10) The

Agency shall publish every direction under this

section on a website.

Conflict

(11) For

greater certainty, in the event of a conflict between a direction issued under

this

section and a provision of any applicable Act or regulation or a

Minister’s direction under

section 35.16, the Act, regulation or Minister’s

direction prevails.

Agency

guidelines for authorities

35.22

(1) The Agency may issue

guidelines to authorities in respect of the same matters for which directions

may be issued under

section 35.21 or for the purpose of supporting the

implementation of any directions issued under

section 35.21.

Publication

(2) The

Agency shall publish every guideline under this

section on a website.

Agency

may require information

35.23

(1) The

Agency may, for the purposes of achieving its objects, require that an

authority provide information to the Agency at the time and in the manner

specified by the Agency.

Same

(2) Without

limiting the generality of subsection (1), the information that the Agency may

require from an authority includes information relating to its operations,

employees, assets, liabilities, rights and obligations, which may include plans,

reports and financial statements, including audited financial statements, and

may include personal information.

Personal

information

(3) The

Agency may collect personal information from an authority or from individuals

for the purposes of exercising powers or performing duties under this Act.

Duty

to comply

(4) An

authority shall comply with a requirement under subsection (1) within the time

and in the form that the Agency specifies.

notice to individual

(5) Any

collection by the Agency of personal information under this

section is exempt

from the application of subsection 39 (2) of the Freedom

of Information and Protection of Privacy Act .

Consistent

purpose

(6) For

the purposes of the Freedom of Information and Protection

of Privacy Act and the Municipal Freedom of

Information and Protection of Privacy Act , personal information

collected under this

section may be used by the Agency for the purposes of

exercising powers or performing duties under this Act, and that use shall be

deemed to be for a purpose that is consistent with the purpose for which the personal

information was obtained or compiled.

Provision

of information despite privilege

(7) An

authority required under subsection (1) to provide information shall comply

with the requirement even if the information required to be provided is

privileged or confidential.

waiver of privilege

(8) The

disclosure of information required under subsection (7) does not constitute a

waiver of privilege.

Publication

(9) Subject

to subsections (10) and (11), if directed by the Agency to publish all or a

portion of the information provided to the Agency under subsection (1), the

authority shall do so at the time and in the manner specified by the Agency.

Limitation

(10) Subsection

(9) does not apply in respect of any privileged or confidential information.

Same

(11) Subsection

(9) shall not be read as limiting the application of the Municipal

Freedom of Information and Protection of Privacy Act in respect of the

information.

Funding

of Agency

35.24 The Minister may

considers appropriate.

Fees

to be paid to Agency

35.25

(1) The

Agency may, by notice,

(

a) establish

and require the payment of fees in respect of any matter related to the

performance of its duties and the exercise of its powers under this Act,

including respecting a direction issued under

section 35.21;

(

b) provide

for the refund or partial refund of a fee referred to in clause (a);

(

c) require

the payment of interest or penalty, including payment of collection costs, when

fees referred to in clause (

a) are unpaid or are paid after the due date; and

(

d) specify

the rate of interest or penalty, or the basis for determining that rate.

Fees

to be paid to another person

(2) In

such circumstances as may be prescribed by the regulations, the Agency may, by

notice,

(

a) establish

and require the payment of fees described in clause (1) (

a) to a person other

than the Agency;

(

b) provide

for that person to retain all or part of the fees; and

(

c) provide

for the refund or partial refund of the fees by that person.

Fees,

etc. not public money

(3) Any

amount of a fee required to be paid under a notice and any interest or penalty

that the Agency or a person is authorized to retain pursuant to the notice is

not public money within the meaning of the Financial

Administration Act .

Publication

(4) The

Agency shall publish every notice under this

section on a website.

General

or particular

(5) A

notice of the Agency may be general or particular in its application.

Legislation Act, 2006 ,

Part III

(6) Part

III of the Legislation Act, 2006 does not apply to

notices of the Agency.

5 The Act is amended by adding the following

section:

Cost

recovery

35.26

(1) For the

purpose of recovering the costs and expenses the Agency incurs, the Agency may,

in accordance with any regulations,

(

a) determine

the amounts of the costs and expenses that the authorities collectively owe to

the Agency; and

(

b) apportion

those amounts to the authorities.

Notice to authority

(2) After

apportioning amounts to an authority under clause (1) (b), the Agency may issue

a notice to the authority, in accordance with any regulations, setting out the

amount the authority shall pay to the Agency.

Payment

(3) Upon

receipt of the notice, the authority shall pay the amount specified in the

notice in accordance with any directions set out in the notice.

Debt

due

(4) The

amount set out in the notice issued to the authority is a debt due by the

authority to the Agency and may be enforced by the Agency as such.

The Act is amended by adding the following sections:

Crown

liability

personal liability

39.1

(1) No cause

of action arises against any current or former member of the Executive Council,

employee, officer or agent of the Crown or an investigator appointed under

subsection 23.1 (4) or an administrator appointed under subsection 23.3 (1) for

any act done in good faith in the exercise or performance, or intended exercise

or performance, of the person’s powers, duties or functions under this Act or

for any alleged neglect, default or other omission in the exercise or

performance in good faith of those powers, duties or functions.

Crown

remains vicariously liable

(2) Despite

subsection 8 (3) of the Crown Liability and Proceedings

Act, 2019 , subsection (1) of this

section does not relieve the Crown of

liability to which it would otherwise be subject as a result of the acts or

omissions of a person specified in that subsection.

liability for acts or omissions of others

(3) No

cause of action arises against the Crown or any person specified in subsection

(1) for

an act or omission of a person other than the Crown or a person

specified in that subsection, if the act or omission is related, directly or

indirectly, to the exercise or performance, or intended exercise or

performance, of a power, duty or function under this Act.

Employment,

etc. with Agency

(4) If

a person who is an employee or agent of the Crown is employed in or assigned to

or otherwise performs duties directly for the Agency, the person is deemed to

be an employee of the Agency and not an employee or agent of the Crown specified

in subsection (1) in relation to the person’s acts or omissions arising from

the employment, assignment or performance for the purposes of this

section and

sections 39.2 and 39.4 as well as any claim for vicarious liability.

Proceedings

by Crown not prevented

(5) This

section does not apply with respect to proceedings brought by the Crown.

Agency

liability

personal liability

39.2

(1) No cause

of action arises against any current or former member, director, officer,

volunteer, employee or agent of the Agency or any person appointed to a

council, committee or other body established by the Agency under

section 35.11

for any act done in good faith in the exercise or performance, or intended

exercise or performance, of the person’s powers, duties or functions under this

Act or for any alleged neglect, default or other omission in the exercise or

performance in good faith of those powers, duties or functions.

Agency

remains vicariously liable

(2) Subsection

(1) does not relieve the Agency of liability to which it would otherwise be

subject as a result of the acts or omissions of a person specified in that

subsection.

liability for acts or omissions of others

(3) No

cause of action arises against the Agency or any person specified in subsection

(1) for

an act or omission of a person other than the Agency or a person

specified in that subsection, if the act or omission is related, directly or

indirectly, to the exercise or performance, or intended exercise or

performance, of a power, duty or function under this Act.

Proceedings

by Crown not prevented

(4) This

section does not apply with respect to proceedings brought by the Crown.

Authority

liability

personal liability

39.3

(1) No cause

of action arises against any current or former member, director, officer,

volunteer, employee or agent of an authority or any person appointed to an

advisory board established under subsection 18 (2) for any act done in good

faith in the exercise or performance, or intended exercise or performance, of

the person’s powers, duties or functions under this Act or for any alleged

neglect, default or other omission in the exercise or performance in good faith

of those powers, duties or functions.

Authority

vicariously liable

(2) Subsection

(1) does not relieve an authority of liability to which it would otherwise be

subject as a result of the acts or omissions of a person specified in that

subsection.

Proceedings

by Crown not prevented

(3) This

section does not apply with respect to proceedings brought by the Crown.

Proceedings

barred

39.4

(1) No

proceeding shall be commenced against,

(

a) any

person specified in subsection 39.1 (1) in respect of a matter referred to in

that subsection;

(

b) the

Crown or any person specified in subsection 39.1 (1) in respect of a matter

referred to in subsection 39.1 (3);

(

c) any

person specified in subsection 39.2 (1) in respect of a matter referred to in

that subsection;

(

d) the

Agency or any person specified in subsection 39.2 (1) in respect of a matter

referred to in subsection 39.2 (3); or

(

e) any

person specified in subsection 39.3 (1) in respect of a matter referred to in

that subsection.

Application

(2) Subsection

(1) does not apply with respect to an application for judicial review or a

claim for a constitutional remedy or any proceeding that is specifically

provided for under this Act, but does apply with respect to any other court,

administrative or arbitral proceeding claiming any remedy or relief, including

specific performance, an injunction, declaratory relief, a remedy in contract,

restitution, unjust enrichment or tort, a remedy for breach of trust or

fiduciary obligation or any equitable remedy, enforcement of a judgment, order

or award made outside Ontario or any form of compensation or damages including

loss of revenue or profit.

Proceedings

by Crown not prevented

(3) This

section does not apply with respect to proceedings brought by the Crown.

(1) Subsection 40 (1) of the Act is amended by adding the following

clauses:

(m.1) prescribing

provisions of the Not-for-Profit Corporations Act, 2010

and the Corporations Information Act and

prescribing modifications affecting those provisions for the purposes of

subsections 35.3 (1) and (3);

(m.2) prescribing

objects of the Agency for the purposes of paragraph 11 of

section 35.4;

(m.3) prescribing

limits on the Agency’s capacities, rights and powers described in subsection

35.5 (1);

(m.4) for

the purposes of subsection 35.6 (1) in respect of the number of members of the

board of directors of the Agency appointed by the Lieutenant Governor in

Council,

(

i) prescribing

a minimum number that is lower than five, and

(ii) prescribing

a maximum number that is lower than 12;

(m.5) prescribing

criteria for ineligibility for appointment to the board of directors of the

Agency for the purposes of subsection 35.6 (2);

(m.6) prescribing

for the purposes of clause 35.6 (3) (c), matters to be taken into consideration

in appointing a person as a member of the board of directors of the Agency;

(m.7) prescribing

circumstances for the purposes of subsection 35.25 (2);

(m.8) governing

transitional matters that may arise due to the enactment of

Schedule 3 to the Plan

to Protect Ontario Act (Budget Measures), 2025 (No. 2) ;

(2) Subsection

40 (1) of the Act is amended by adding the following clause:

(m.9) governing

the recovery of costs and expenses by the Agency under

section 35.26,

including,

(

i) the

types of costs and expenses that may recovered by the Agency,

(ii) the

method of determining the amounts of the costs and expenses that the

authorities collectively owe to the Agency,

(iii) the

method of apportioning amounts, and

(iv) requirements

respecting notices, including the contents of the notice and the process for

issuing them;

(3) Subsection

40 (3) of the Act is amended by adding the following clauses:

(

l) prescribing

powers and duties for the purposes of subsection 35.12 (2);

(

m) prescribing

matters to be addressed in a report for the purposes of paragraph 3 of

section

35.15;

(

n) governing

directions issued by the Agency under subsection 35.21 (2), including,

(

i) prescribing

a period other than 45 days for the purposes of the definition of “notice

period” in subsection 35.21 (1),

(ii) prescribing

matters that may not be addressed by the directions or circumstances in which

directions do not apply,

(iii) requiring

the Agency to consult with prescribed persons or bodies before providing the

Minister with a copy of a proposed direction, and

(iv) for

the purposes of subsection 35.21 (4), specifying circumstances in which the

Agency is not required to provide the Minister with a copy of a proposed

direction;

Commencement

(1) Except as otherwise provided in this section, this

Schedule

comes into force on the day the Plan

to Protect Ontario Act (Budget Measures), 2025 (No. 2) receives Royal Assent.

(2) Section

5 and subsection 7 (2) come into force on a day to be named by order of the

Lieutenant Governor in Council.

SCHEDULE 4

CORPORATIONS INFORMATION ACT

The Corporations Information Act is amended by

adding the following section:

Return

re individuals with significant control

6.1

(1) If

required by the regulations, a corporation subject to

section 140.2 of the Business Corporations Act shall file with the Minister a

return setting out such information as may be prescribed regarding individuals

with significant control over the corporation, within the meaning of the Business Corporations Act , in the approved form and in

such manner and time as may be prescribed.

Provision

of information to persons, bodies, etc.

(2) The

Minister may provide all or part of the information received under subsection

(1) to a person referred to in subsection 140.3 (3) or (4) of the Business Corporations Act, a regulatory body listed in

subsection 140.3 (6) of that Act, or such other person or entity as may be

prescribed.

Commencement

This

Schedule comes into force on a day to be named by order of the Lieutenant

Governor in Council.

SCHEDULE 5

CREDIT UNIONS AND CAISSES POPULAIRES ACT, 2020

Clause 23 (2) (

d) of the Credit Unions and Caisses

Populaires Act, 2020 is amended by adding “of the members” after “its

general meetings”.

(1) Clause 46 (1) (

a) of the Act is repealed and the following

substituted:

(

a) the

rights, privileges, restrictions and conditions attaching to the shares of the

class, including,

(

i) whether

the class of shares may be issued to non-members, and

(ii) in

the case of a class of shares other than membership shares and patronage

shares, whether the class of shares includes the right to receive the remaining

property of the credit union upon dissolution; and

(2) Subsection

46 (2) of the Act is repealed and the following substituted:

Restrictions

(2) Except

as permitted under this Act, shares, other than membership shares, do not

confer on their holder the right to vote at meetings of the members of the

credit union.

Same

(3) The

articles of a credit union may provide that holders of shares other than

membership shares or patronage shares have the right to elect up to, but no

more than, 20 per cent of the directors.

Subsection 68 (1) of the Act is repealed and the following substituted:

Selling

securities

(1) A

credit union may sell its securities or accept, directly or indirectly,

consideration for its securities if,

(

a) the

sale of the securities or acceptance of consideration for the securities is to

or from a member, and the credit union has obtained a receipt under

section 71

for an offering statement respecting the securities and the receipt has not

been revoked or expired;

(

b) the

credit union has provided the Chief Executive Officer with a copy of receipts

from the Ontario Securities Commission under the Securities

Act for,

(

i) a

preliminary prospectus, if any, and

(ii) a

prospectus respecting the offering of the securities;

(

c) the

sale is exempt from the prospectus requirements of the Securities

Act under an exemption provided for in that Act, the regulations or the

rules made under it; or

(

d) an

order has been made in respect of the sale under

section 74 or subsection

143.11 (2) of the Securities Act .

Section 91 of the Act is amended by adding the following subsections:

Election

by non-member shareholders

(2) Despite

subsection (1) and subject to the by-laws of a credit union, if the holders of

a class or series of class of shares of the credit union, other than membership

shares or patronage shares, have an exclusive right to elect one or more

directors and a vacancy occurs among those directors,

(

a) subject

to subsection (3), the remaining directors elected by holders of that class or

series may fill the vacancy except a vacancy resulting from an increase in the

number of directors for that class or series or from a failure to elect the

number of directors for that class or series; or

(

b) if

there are no such remaining directors, any holder of shares of that class or

series may call a meeting of the holders of that class or series for the

purpose of filling the vacancy.

Same

(3) The

by-laws may provide that a vacancy among the directors elected by the holders

of a class or series of class of shares of a credit union, other than

membership shares or patronage shares, shall only be filled by a vote of the

holders of that class or series if the vacancy occurs among the directors

elected by holders of that class or series.

Section 93 of the Act is amended by adding the following subsection:

Removal

by non-member shareholders

(3) Despite

subsections (1) and (2), if the holders of a class or series of class of shares

of a credit union, other than membership shares or patronage shares, have an

exclusive right to elect one or more directors, a director so elected may only

be removed by an ordinary resolution at a meeting of the holders of that class

or series.

(1) Clause 94 (1) (

b) of the Act is amended by striking out “the

credit union’s members” and substituting “the credit union”.

(2) Subsection

94 (2) of the Act is amended by adding “shareholders” after “members”.

Subsection 100 (1) of the Act is amended by adding “and holders of a class or

series of classes of shares with voting rights” after “the members”.

Section 178 of the Act is repealed and the following substituted:

General

meetings

The

board may at any time call a general meeting of the members, shareholders or

specified classes of shareholders for the transaction of any business if the

general nature of the business is specified in the notice calling the meeting.

Commencement

This

Schedule comes into force on the day the Plan to Protect Ontario

Act (Budget Measures), 2025 (No. 2) receives Royal Assent.

SCHEDULE 6

EDUCATION ACT

(1) Section 257.11 of the Education Act

is amended by adding the following subsection:

Timing

of payments

(0.1) In

this section,

“amount

levied” means the taxes for school purposes levied on the assessment of

properties according to the last returned assessment roll; (“somme prélevée”)

“change

to taxes” means an increase, decrease, cancellation, rebate, refund or

write-off of an amount levied. (“modification des impôts”)

(2) Subsection

257.11 (1) of the Act is repealed and the following substituted:

Instalments

(1) In

each calendar year, a municipality shall pay amounts levied in the following

instalments:

1. On

or before March 31, the municipality shall pay 25 per cent of the amount levied

for the previous calendar year, adjusted to account for any change to taxes

made between December 1 and December 31, inclusive, of the previous calendar

year.

2. On

or before June 30, the municipality,

i. shall,

subject to subparagraph ii, pay 50 per cent of the amount levied for the

calendar year, less 25 per cent of the amount levied for the previous calendar

year, and

ii. may

adjust the amount calculated under subparagraph i to account for any change to

taxes made between January 1 and June 15, inclusive, of the calendar year.

3. On

or before September 30, the municipality,

i. shall,

subject to subparagraph ii, pay 25 per cent of the amount levied for the

calendar year, and

ii. may

adjust the amount calculated under subparagraph i to account for any change to

taxes made between January 1 and September 15, inclusive, of the calendar year

that were not accounted for in a previous instalment.

4. On

or before December 15, the municipality shall pay the balance of the amount

levied for the calendar year, adjusted to account for any change to taxes made

between January 1 and November 30, inclusive, of the calendar year that were

not accounted for in a previous instalment.

(3) Section

257.11 of the Act is amended by adding the following subsections:

Information

return

(21) A

municipality that pays an instalment shall provide the Minister of Finance, at

the time and in the manner and form specified by the Minister of Finance, an

information return containing the information the Minister of Finance requests

with respect to the instalment and payments in lieu of taxes for school

purposes.

Legislation

Act, 2006

(22) Part

III (Regulations) of the Legislation Act, 2006 does

not apply to anything done by the Minister of Finance under subsection (21).

Assessment

Act

(1) Clause 35 (3) (

b) of the Assessment Act

is amended by adding “or, if the body is a school board, shall be paid to the

body in accordance with the Education Act ” at the

end.

(2) Clause

35 (3) (b.3) of the Act is repealed.

Commencement

This

Schedule comes into force on January 1, 2028.

SCHEDULE 7

ELECTION ACT

Section 9 of the Election Act is repealed.

(1) Subsection 9.1 (4) of the Act is repealed and the following

substituted:

Day

for close of nominations and grant of poll

(4) The

day for the close of nominations and the grant of a poll where required shall

be the third Thursday after the date of the writ.

(2) Subsection

9.1 (8) of the Act is repealed.

Subsections 13.1 (2) to (4) of the Act are repealed.

Subsection 17.14 (1) of the Act is repealed and the following substituted:

Targeted

registration programs

(1) The

Chief Electoral Officer shall conduct periodic targeted registration programs.

(1) Subsections 44 (2), (2.1) and (3) of the Act are repealed and

the following substituted:

Same

(2) Advance

polls shall be held in accordance with the following rules:

1. The

polls must be open at every returning office on six days, including a Saturday

and a Sunday, during the period that begins on the 13th day and ends on the 6th

day before polling day. However, the polls do not have to be open on the 13th

to 11th days before polling day if the ballots have not been printed.

2. The

polls must be open at every designated other location on three days during the

period that begins on the 13th day and ends on the 6th day before polling day.

(2) Subsection

44 (4) of the Act is amended by striking out “Subsections (2) and (3) apply” at

the beginning and substituting “Subsection (2) applies”.

Section 112.1 of the Act is repealed.

Consequential

Amendments and Commencement

Fiscal

Sustainability, Transparency and Accountability Act, 2019

Section 13 of the Fiscal Sustainability, Transparency and

Accountability Act, 2019 is repealed.

Government

Advertising Act, 2004

Subsection

8 (3) of the Government Advertising Act, 2004 is amended by,

(

a) striking

out “the following periods” in the portion before paragraph 1 and substituting

“the following period”; and

(

b) repealing

paragraph 2.

Legislative

Assembly Act

The Legislative Assembly Act is amended by adding

the following section:

Maximum duration of Legislative Assembly

Legislative Assembly shall continue for longer than five years from the polling

day for the general election of its members except as provided in subsection 4

(2) of the Canadian Charter of Rights and Freedoms .

Commencement

This

Schedule comes into force on the day the Plan to Protect Ontario

Act (Budget Measures), 2025 (No. 2) receives Royal Assent.

SCHEDULE 8

ELECTION FINANCES ACT

Subsection 2 (1) of the Election Finances Act is

amended by adding the following clause:

(d.0.1) conduct

investigations and examinations of the financial affairs and records of a third

party if the Chief Electoral Officer considers it reasonably necessary to determine whether the third party has contravened any

of sections 37.1 to 37.13 ;

Section 7 of the Act is amended by adding the following subsection:

Same

(1.3) If

information with respect to the affairs of a third party is reasonably

necessary to determine whether the third party has contravened any of sections

37.1 to 37.13, the Chief Electoral Officer may request the information and the

third party shall provide it.

(1) Subsections 18 (1) to (1.4) of the Act are repealed and the

following substituted:

Registered

parties

(1) The

contributions that a person makes to any one registered party shall not exceed,

in a calendar year, $5,000, multiplied by the indexation factor determined for

the calendar year under

section 40.1 and rounded to the nearest dollar.

Constituency

associations, nomination contestants

(1.1) The

contributions that a person makes to registered constituency associations and

registered nomination contestants of any one registered party or to the

constituency association of any independent member shall not exceed, in a

calendar year, $3,425, multiplied by the indexation factor determined for the

calendar year under

section 40.1 and rounded to the nearest dollar.

Candidates

of party

(1.2) The

contributions that a person makes to registered candidates of any one

registered party shall not exceed, in a campaign period, $3,425, multiplied by

the indexation factor determined under

section 40.1 for the calendar year in

which the campaign period commences and rounded to the nearest dollar.

Non-party

candidates

(1.3) The

contributions that a person makes to all registered candidates not endorsed by

a registered party shall not exceed, in a campaign period, $3,425, multiplied

by the indexation factor determined under

section 40.1 for the calendar year in

which the campaign period commences and rounded to the nearest dollar.

Leadership

contestants

(1.4) The

contributions that a person makes to any one registered leadership contestant

of a registered party shall not exceed, in a calendar year that falls during a

leadership contest period or during which the contestant is required to be registered

by virtue of subsection 14 (2.1), $3,425, multiplied by the indexation factor

determined for the calendar year under

section 40.1 and rounded to the nearest

dollar.

(2) Section

18 of the Act is amended by adding the following subsection:

Transition,

campaign periods commencing before January 1, 2026

(7) Subsections

(1.2) and (1.3) do not apply with respect to a campaign period that commenced

before January 1, 2026 and, instead, subsections (1.2) and (1.3), as they read

on December 31, 2025, continue to apply with respect to the entire campaign

period.

Subsection 22 (8) of the Act is amended by adding the

following paragraph:

1.1 The

written proof provided under subsection 37.4 (2).

(1) Subsection 32.1 (2) of the Act is repealed and the following

substituted:

How

allowance calculated

(2) Each

registered party’s allowance for a quarter is the amount calculated by

multiplying $0.636 by the number of valid votes cast for the party’s candidates

in the election referred to in subsection (1).

(2) Subsection

32.1 (4) of the Act is amended by striking out “of a calendar year commencing

with the 2017 calendar year”.

(3) Paragraphs

1 and 2 of subsection 32.1 (5) of the Act are repealed and the following

substituted:

1. For

each electoral district, subject to paragraphs 3, 3.1 and 4, divide $4,879.17

among the registered constituency associations of the electoral district, based

on the percentage of the total number of valid votes the registered candidates

associated with the registered parties of the constituency associations

received in the electoral district at the most recent election.

Section 37.4 of the Act is amended by adding the following subsections:

Proof

of third party registration

(2) During

a period referred to in

section 37.10.1, no third party that is required to

apply for registration under

section 37.5 shall cause a third party political

advertisement to appear without providing, to the broadcaster or publisher, written

proof that the third party has been registered under

section 37.5.

Duty

on broadcaster, publisher

(3) During

a period referred to in

section 37.10.1, no broadcaster or publisher shall

allow a third party political advertisement to appear without ensuring

compliance with subsection (2).

Subsections 37.10.1 (2) and (3.2) of the Act are repealed.

Section 38.1 of the Act is repealed.

Subsection 40.1 (2) of the Act is repealed and the following substituted:

Exception

(2) For

the purposes of

section 18, the indexation factor is the amount that would be

represented by the formula in subsection (1) if clause (

a) read “for 2026, 1;

and”.

(1) Subsection 45.1 (1) of the Act is amended by adding the

following paragraphs:

0.1 Subsections

7 (1) and (1.3).

0.2 Subsection 10

(1).

0.3 Subsection

11 (1).

. . . .

1.1 Subsection

13 (2).

. . . .

7.1 Subsection

37.4 (3).

(2) Paragraph

9 of subsection 45.1 (1) of the Act is repealed and the following substituted:

9. Subsection

37.10.1 (1).

(3) Paragraph

13 of subsection 45.1 (1) of the Act is repealed.

(4) Paragraph

2 of subsection 45.1 (5) of the Act is repealed and the following substituted:

2. For

a contravention of any of the following provisions, $10,000 in the case of an

individual, and $100,000 in the case of a corporation or other entity:

i. subsection

10 (1).

ii. subsection

11 (1).

iii. subsection

12.1 (1).

iv. subsection

13 (2).

v. subsection

14 (1).

vi. subsection

22 (9).

vii. subsection

37 (2).

viii. subsection

37.4 (3).

ix. subsection

37.5 (1).

x. subsection

37.10.1 (1).

xi. subsection

37.10.2 (1).

xii. subsection

38 (1), (2), (3) or (3.1).

2.1 For a

contravention of subsection 7 (1) or (1.3), $5,000 in the case of an

individual, and $50,000 in the case of a corporation or other entity.

(5) Paragraph

3 of subsection 45.1 (5) of the Act is amended by striking out “37.5 (1)”.

Consequential

Amendments and Commencement

Restoring Trust, Transparency and

Accountability Act, 2018

Subsection 5 (4) and

section 6 of

Schedule 13 of the Restoring

Trust, Transparency and Accountability Act, 2018 are repealed.

Commencement

(1) Except as otherwise provided in this section, this

Schedule

comes into force on the day the Plan to Protect Ontario

Act (Budget Measures), 2025 (No. 2) receives Royal Assent.

(2) Sections

3, 5 and 9 come into force on January 1, 2026 or, if the Plan

to Protect Ontario Act (Budget Measures), 2025 (No. 2) receives Royal Assent

after that day, those sections are deemed to have come into force on that day.

SCHEDULE 9

EMPLOYER HEALTH TAX ACT

Section 5 of the Employer Health Tax Act is amended

by adding the following subsection:

Same,

amalgamation

(2.0.1) Despite

subsection (2), an employer who ceases to have a permanent establishment in

Ontario before the end of a year as a result of an amalgamation under

section

87 of the Income Tax Act (Canada) shall deliver all

returns required under this

section for the year to the Minister on or before

the earlier of,

(

a) the

day that is six months after the date of the amalgamation; and

(

b) March

15 of the following year.

Commencement

This

Schedule comes into force on the day the Plan to Protect Ontario

Act (Budget Measures), 2025 (No. 2) receives Royal Assent.

SCHEDULE 10

FISCAL SUSTAINABILITY, TRANSPARENCY AND ACCOUNTABILITY ACT, 2019

(1) The definition of “provincial net debt” in

section 1 of the Fiscal Sustainability, Transparency and Accountability Act, 2019

is repealed.

(2) Section

1 of the Act is amended by adding the following definition:

“ provincial net financial liabilities ” means net financial liabilities calculated on the same

basis as the net financial liabilities presented in the consolidated financial

statements of the Province as set out in the most recent Public Accounts .

(“ passif

financier net de la province ”)

(3) Section

1 of the Act is amended by adding the following subsection:

Transition,

2026-2027 and 2027-2028 budgets

(2) Despite

the definition of “provincial net financial liabilities” in subsection (1), for

the purposes of the 2026-2027 and 2027-2028 budgets, the provincial net

financial liabilities shall be calculated as the difference between financial assets

and financial liabilities of the Province.

The French version of paragraph 1 of

section 2 of the Act is amended by

striking out “de la dette” and substituting “du passif financier net de la

province”.

The Act is amended by striking out “provincial net debt” wherever it appears

and substituting in each case “provincial net financial liabilities”.

Commencement

This

Schedule comes into force on January 1, 2026.

SCHEDULE 11

INSURANCE ACT

Section 14.1 of the Insurance Act is amended by

adding the following subsections:

Reassessments

(6) The

Lieutenant Governor in Council may reassess an amount previously assessed under

this

section within four years from the date of the end of the period in

respect of which the original assessment was made.

Same

(7) The

provisions of this Act and the regulations that apply to assessments apply with

necessary modifications to reassessments.

Same

(8) No

interest is payable on an amount that is reassessed under this section.

(1) Subsection 121.0.1 (1) of the Act is amended by adding the

following paragraph:

26.0.1 Prescribing

limits for the purposes of

section 299.1.

(2) Section

121.0.1 of the Act is amended by adding the following subsection:

Conflict

with transitional rule

(4.3) In

the event of a conflict between this Act or the regulations and a rule made

under subsection (4.2), the rule made under subsection (4.2) prevails.

(3) Subsection

121.0.1 (4.3) of the Act, as enacted by subsection (2), is repealed.

The Act is amended by adding the following section:

Reimbursement

or other payment for drug dispensed by an operator of a pharmacy

299.1

(1) If,

under a contract of group insurance, an insurer provides reimbursement or other

payment in respect of a drug dispensed by an operator of a pharmacy, the

insurer shall provide the same reimbursement or other payment in respect of

that drug for all operators of pharmacies that dispense it, subject to the

limits set out in this

section and such other limits as may be prescribed by

Authority rule.

Maximum

dispensing fee or pharmacy mark-up

(2) An

insurer may set a maximum amount that it will pay for a dispensing fee or

pharmacy mark-up for a drug dispensed by an operator of a pharmacy in respect

of a contract of group insurance, and the insurer is not required to provide

reimbursement or other payment in respect of that drug if it is dispensed by an

operator of a pharmacy that charges a dispensing fee or pharmacy mark-up that

exceeds the maximum.

Same,

disclosure

(3) If

an insurer sets a maximum amount that it will pay for a dispensing fee or

pharmacy mark-up under subsection (2), the insurer shall disclose the maximum

to an operator of a pharmacy upon request.

Same,

failure to disclose

(4) If

an insurer sets a maximum amount that it will pay for a dispensing fee or

pharmacy mark-up under subsection (2) and the operator of a pharmacy does not

disclose the dispensing fee, pharmacy mark-up or original cost of a drug or

drug ingredient for a drug dispensed by that operator of a pharmacy to an

insurer upon request, the insurer is not required to provide reimbursement or

other payment in respect of that drug dispensed by that operator of a pharmacy.

Application

for reimbursement at excluded pharmacy

(5) A

group person insured or a claimant may apply to an insurer in the form approved

by the Chief Executive Officer for reimbursement or other payment in respect of

a drug dispensed by an operator of a pharmacy that the insurer is not otherwise

required to provide reimbursement or other payment for under subsection (2).

Same,

reimbursement limit

(6) If

an application for reimbursement or other payment under subsection (5) is

approved, the group person insured or claimant is entitled to at least the same

reimbursement or other payment as the group person insured or claimant would be

entitled to for a drug dispensed by an operator of a pharmacy that does not

charge a dispensing fee or pharmacy mark-up that exceeds the maximum set under

subsection (2).

Definitions

(7) In

this section,

“dispensing

fee” means a fee paid to an operator of a pharmacy for the technical and

cognitive components of dispensing a drug; (“honoraires de préparation”)

“operator

of a pharmacy” means the holder of a certificate of accreditation for the

operator of a pharmacy under the Drug and Pharmacies

Regulation Act and, despite subsection 121 (1) of that Act, includes the

holder of a certificate of accreditation for the operation of a hospital

pharmacy; (“exploitant d’une pharmacie”)

“pharmacy

mark-up” means an additional amount, other than a dispensing fee, charged by an

operator of a pharmacy for a drug that is above the original cost to the

operator of the pharmacy of the drug or, in the case of a medication compounded

by the operator of the pharmacy, above the original cost of the drug

ingredients to the operator of the pharmacy. (“majoration de pharmacie”)

Part XIII of the Act is amended by adding the following section:

Public

sector reciprocal insurance exchanges

Designation

392.0.1

(1) The

Lieutenant Governor in Council may, by regulation, designate a reciprocal

insurance exchange licensed under this Part as a public sector reciprocal

insurance exchange if,

(

a) the

majority of the exchange’s subscribers are broader public sector organizations

within the meaning of the Broader Public Sector

Accountability Act, 2010 ;

(

b) a

portion prescribed by regulation of the exchange’s subscriber base’s funding is

provided from public funds by one or more broader public sector organizations

within the meaning of the Broader Public Sector

Accountability Act, 2010 ; or

(

c) the

Lieutenant Governor in Council believes that the designation is in the public

interest.

Same,

responsible Minister

(2) A

regulation made under subsection (1) must specify a responsible Minister for

the designated public sector reciprocal insurance exchange for the purposes of

this

section and the responsible Minister has the powers and duties provided

for in this

section in respect of that exchange.

Same,

policies and directives

(3) For

the purposes of this section, the responsible Minister may issue policies or

directives in writing to the public sector reciprocal insurance exchange and

require the exchange to comply with them.

Composition

of advisory board

(4) If

the Lieutenant Governor in Council believes that it is in the public interest

to do so, the Lieutenant Governor in Council may, by regulation, prescribe the

composition of the advisory board established under clause 380.1 (

a) of a public

sector reciprocal insurance exchange and may provide for any of the following:

1. The

appointment of members of the advisory board.

2. The

terms of appointment of advisory board members appointed under paragraph 1.

3. Competency

criteria that a person must meet in order to be qualified to be appointed as an

advisory board member.

4. The

process to be followed for selecting the chair of the advisory board.

5. Transitional

matters arising out of the making of a regulation under this subsection.

Authority

to appoint supervisor

(5) The

Lieutenant Governor in Council may, by order, appoint an individual as a

supervisor for a public sector reciprocal insurance exchange for the purposes

of assuming control of the exchange and responsibility for its activities if

the Lieutenant Governor in Council believes on reasonable grounds that,

(

a) the

advisory board or the attorney of the exchange has failed to meet a requirement

set out in subsection (11);

(

b) there

is a financial risk to the public or to the exchange’s subscribers;

(

c) the

appointment is necessary to prevent harm to the public or to the exchange’s

subscribers;

(

d) the

exchange is facing a risk of insolvency;

(

e) the

exchange has failed to provide information as required under subsection (11);

(

f) the

appointment of the supervisor is in the public interest; or

(

g) the

appointment of the supervisor is necessary for such other reasons as may be

prescribed by regulation.

Powers

and duties of supervisor

(6) Unless

the order appointing the supervisor under subsection (5) provides otherwise,

the supervisor has the exclusive right to exercise all the powers and perform

all the duties of the attorney.

Report

to responsible Minister

(7) The

supervisor shall report to the responsible Minister as the responsible Minister

requires.

Minister’s

direction

(8) The

responsible Minister may issue directions to the supervisor with regard to any

matter within the supervisor’s jurisdiction, and the supervisor shall carry

them out.

Inclusion

in consolidated financial statement of the Province

(9) On

the recommendation of the President of the Treasury Board, the Lieutenant

Governor in Council may, by regulation, require that the financial statements

of a public sector reciprocal insurance exchange be included in the

consolidated financial statements of the Province of Ontario as set out in the

Public Accounts.

Same,

reports

(10) A

regulation made under subsection (9) may also require the public sector

reciprocal insurance exchange to do the following in accordance with the

regulation:

1. Prepare

an annual report and provide it to the responsible Minister and make it

available to the public.

2. Prepare

and implement a strategic five-year business plan and conduct an annual review

of it.

Duties

of public sector reciprocal insurance exchanges

(11) If

a regulation is made under subsection (9), the public sector reciprocal

insurance exchange shall do the following:

1. Provide

any information requested by the President of the Treasury Board or the

responsible Minister in the form and manner and within the timeframe specified

by the President of the Treasury Board or the responsible Minister, as the case

may be.

2. Enter

into an agreement with the responsible Minister that covers such matters as may

be prescribed by regulation, including reporting and accounting requirements

that the exchange must meet.

3. Publish

such information as may be specified by the responsible Minister in the form

and manner and within the timeframe specified.

4. Appoint

an auditor licensed under the Public Accounting Act, 2004

to conduct an annual audit of the accounts and financial transactions of the

exchange and provide a report of the audit to the responsible Minister.

5. Follow

any policies or directives issued by the responsible Minister.

6. Comply

with such other requirements as may be prescribed by regulation.

Audit

by Auditor General

(12) In

addition to the requirement for an annual audit, the Auditor General appointed

under the Auditor General Act may also audit the

accounts and financial transactions of a public sector reciprocal insurance

exchange or any of its subsidiaries for any fiscal year.

Regulations

(13) The

Lieutenant Governor in Council may make regulations relating to public sector

reciprocal insurance exchanges,

(

a) prescribing

matters that are required or permitted under this

section to be prescribed, or

to be done by or in accordance with the regulations;

(

b) designating

a reciprocal insurance exchange as a public sector reciprocal insurance

exchange for the purposes of this section;

(

c) specifying

the responsible Minister for a public sector reciprocal insurance exchange;

(

d) governing

the composition of advisory boards and providing for the matters listed in

subsection (4);

(

e) establishing

financial requirements that apply to public sector reciprocal insurance

exchanges, including, but not limited to, accounting practices and minimum

capital requirements;

(

f) governing

the operations of, and services provided by, public sector reciprocal insurance

exchanges;

(

g) imposing

geographic boundaries for the operations or services of a public sector

reciprocal insurance exchange;

(

h) providing

that the Public Sector Salary Disclosure Act, 1996

or the Broader Public Sector Executive Compensation Act,

2014 apply with respect to public sector reciprocal insurance exchanges;

(

i) providing

additional enforcement and oversight powers over public sector reciprocal

insurance exchanges for the Auditor General appointed under the Auditor General Act .

Commencement

(1) Except as otherwise provided in this section, this

Schedule

comes into force on the day the Plan

to Protect Ontario Act (Budget Measures), 2025 (No. 2) receives Royal Assent.

(2) Subsections

2 (1) and (2) and

section 3 come into force on a day to be named by order of

the Lieutenant Governor in Council.

(3) Subsection

2 (3) comes into force on the second anniversary of the day subsection 2

(2) comes into force.

SCHEDULE 12

INTERIM APPROPRIATION FOR 2026-2027 ACT, 2025

Interpretation

Expressions

used in this Act have the same meaning as in the Financial

Administration Act unless the context requires otherwise.

Expenses

of the public service

Pending

the voting of supply for the fiscal year ending on March 31, 2027, amounts not

exceeding a total of $211,659,735,800 may be paid out of the Consolidated

Revenue Fund or recognized as non-cash expenses to be applied to the expenses

of the public service that are not otherwise provided for.

Investments

of the public service

Pending

the voting of supply for the fiscal year ending on March 31, 2027, amounts not

exceeding a total of $9,738,006,200 may be paid out of the Consolidated Revenue

Fund or recognized as non-cash investments to be applied to the investments of

the public service in capital assets, loans and other investments that are not

otherwise provided for.

Expenses

of the Legislative Offices

Pending

the voting of supply f or

the fiscal year ending on March 31, 2027, amounts not exceeding a total of

$392,289,400 may be paid out of the Consolidated Revenue Fund to be applied to

the expenses of the Legislative Offices that are not otherwise provided for.

Charge

to proper appropriation

All

expenditures made or recognized under this Act must be charged to the proper

appropriation following the voting of supply for the fiscal year ending on

March 31, 2027.

Commencement

The Act set out in this

Schedule comes into force on April 1, 2026.

Short

title

The

short title of the Act set out in this

Schedule is the Interim Appropriation for 2026-2027 Act, 2025 .

SCHEDULE 13

ONTARIO MUNICIPAL EMPLOYEES RETIREMENT SYSTEM ACT, 2006

(1) The definition of “OMERS pension plans” in subsection 1 (1) of

the Ontario Municipal Employees Retirement System Act,

2006 is amended by striking out “Sponsors Corporation” at the end and

substituting “Sponsors Council”.

(2) Subsection

1 (1) of the Act is amended by adding the following

definitions:

“prescribed”

means prescribed by the regulations; (“prescrit”)

“regulations”

means the regulations made under this Act; (“règlements”)

(3) The

definition of “Sponsors Corporation” in subsection 1 (1) of the Act is repealed

and the following substituted:

“Sponsors Corporation” means the corporation

that was dissolved by an order made under subsection 21.1 (9), as that

subsection read immediately before it was repealed; (“Société de promotion”)

(4) Subsection

1 (1) of the Act is amended by adding the following definition:

“Sponsors

Council” means the council established by subsection 22 (1); (“Conseil de

promotion”)

(5) Section

1 of the Act is amended by adding the following subsection:

References

to “Sponsors Council”

(5) For

the purposes of this Act, before the day

section 11 of

Schedule 13 to

the Plan to Protect Ontario Act (Budget Measures), 2025

(No. 2) comes into force, a reference to the “Sponsors Council” is a

reference to the council to be established under subsection 22 (1), as

re-enacted by

section 11 of

Schedule 13 to the Plan to

Protect Ontario Act (Budget Measures), 2025 (No. 2) .

(6) Subsection

1 (5), as enacted by subsection (5), is repealed.

Subsection 4 (1) of the Act is amended by striking out “Sponsors Corporation”

and substituting “Sponsors Council”.

Paragraph 9 of subsection 5 (1) of the Act is repealed.

Subsection 6 (1) of the Act is amended by striking out “Sponsors Corporation”

in the portion before paragraph 1 and substituting “Sponsors Council”.

(1) Subsection 8 (1) of the Act is amended,

(

a) by

striking out “or paragraph 9 or 10” and substituting “or paragraph 10”; and

(

b) by

striking out “Sponsors Corporation” at the end and substituting “Sponsors

Council”.

(2) Subsection

8 (2) of the Act is amended,

(

a) by

striking out “or paragraph 9 or 10” and substituting “or paragraph 10”; and

(

b) by

striking out “Sponsors Corporation” at the end and substituting “Sponsors

Council”.

(1) Subsection 12 (2) of the Act is amended by striking out

“Sponsors Corporation” wherever it appears and substituting in each case

“Sponsors Council”.

(2) Clause

12 (3) (

a) of the Act is amended by adding “or the Sponsors Council” after

“Sponsors Corporation”.

Subsection 15 (1) of the Act is amended by striking out “Sponsors Corporation”

and substituting “Sponsors Council”.

Section 16 of the Act is amended by striking out “Sponsors Corporation”

wherever it appears and in each case substituting “Sponsors Council”.

Section 18 of the Act is amended by striking out “Sponsors Corporation” and

substituting “Sponsors Council”.

(1) The Act is amended by adding the following

section immediately

after the heading “Sponsors Corporation”:

Winding

up the Sponsors Corporation

21.1

(1) The

Minister of Municipal Affairs and Housing may, by order, require the Sponsors

Corporation to wind up the affairs of the Sponsors Corporation and may, by

order, specify terms relating to the winding up of the corporation, including

the time within which it shall be completed.

Duty

of Sponsors Corporation

(2) The

Sponsors Corporation shall prepare and, by resolution, adopt a plan for winding

up the Sponsors Corporation.

Plan

(3) The

plan for winding up the Sponsors Corporation may provide for,

(

a) liquidating

assets;

(

b) transferring

assets, liabilities, rights, obligations and employees, including specifying to

whom they are transferred; and

(

c) any

other matter relating to the winding up of the Sponsors Corporation.

Requirement

to give adopted plan to Minister

(4) The

Sponsors Corporation shall, if the Minister so requests, give the adopted plan

to the Minister in the manner, form and timelines specified by the Minister.

Minister

approval

(5) If

the Sponsors Corporation is required to give the Minister the plan, the

Minister may approve the plan, approve the plan with such modifications as the

Minister considers appropriate or require the Sponsors Corporation to prepare

another plan.

Requirement

to wind up

(6) The

Sponsors Corporation shall wind up the affairs of the Sponsors Corporation and

transfer its assets, liabilities, rights, obligations and employees, including

transferring the proceeds from the liquidation of assets, in accordance with the

plan and the Minister’s order under subsection (1).

Same

(7) For

the purposes of subsection (6),

(

a) if

the Minister has approved the plan under subsection (5), the reference to the

plan in subsection (6) is a reference to the approved plan; or

(

b) if

the Minister has not requested the Sponsors Corporation to give the plan to the

Minister under subsection (4) or if the Minister has done so but has not

approved the plan within 90 days after the plan was submitted or by such other

day as may be prescribed, the reference to the plan in subsection (6) is a

reference to the plan that is adopted by the Sponsors Corporation.

Same

(8) If

the Minister has provided notice that the Minister will not be requesting the

plan, the Sponsors Corporation shall commence the windup of the Sponsors

Corporation in accordance with the adopted plan and the Minister’s order under

subsection (1).

Dissolution

of Sponsors Corporation

(9) The

Minister may, by order, dissolve the Corporation as of the date specified in

the order.

Non-application

of Legislation Act, 2006 ,

Part III

(10) Part

III (Regulations) of the Legislation Act, 2006 does

not apply to an order of the Minister made under subsection (1) or (9).

(2) Section

21.1 of the Act, as enacted by subsection (1), is repealed.

Section 22 of the Act is repealed and the following substituted:

Sponsors

Council

(1) A

promotion

is established.

Status

(2) The

Sponsors Council is not,

(

a) a

Crown agency; or

(

b) a

local board as defined in subsection 1 (1) of the Municipal

Act, 2001 , except for such purposes as may be prescribed.

Regulations

re establishment of Sponsors Council

(3) The

establishment of the Sponsors Council under subsection (1) shall be carried out

in accordance with such requirements or transitional rules as may be provided

for in the regulations.

Continued

effect of things done by Sponsors Corporation

(4) Any

thing done by the Sponsors Corporation in the exercise of its powers under this

Act before it was dissolved under subsection 22.1 (9) and that was in effect on

the day before the day

section 11 of

Schedule 13 to the Plan

to Protect Ontario Act (Budget Measures), 2025 (No. 2) came into

force, including but not limited to anything established, agreed upon,

determined or decided by the Sponsors Corporation, is deemed to still be in

effect as of the day that

section comes into force and shall be treated as if

it had been done by the Sponsors Council.

(1) Section 23 of the Act is amended by adding the following

subsections:

Regulations

(6) The

Minister of Municipal Affairs and Housing may make regulations governing the

composition of the Sponsors Corporation, including prescribing the method of

choosing any of its members and providing that their appointment is for a

specified term not to exceed three years.

Conflict

(7) Any

by-law referred to in this

section is without effect to the extent that it

conflicts with a regulation made under subsection (6).

(2) Subsections

23 (6) and (7) of the Act, as enacted by subsection (1), are repealed.

Sections 23, 24 and 25 of the Act are repealed and the following substituted:

Objects

(1) The

following are the objects of the Sponsors Council:

1. To

make decisions about the design of benefits to be provided by, and

contributions to be made to, the OMERS pension plans.

2. To

perform such other duties as may be provided under this Act.

3. Such

other objects as may be prescribed.

Same

(2) For

furthering its objects, the Sponsors Council may,

(

a) make

decisions about the design of the OMERS pension plans and make amendments to

the OMERS pension plans;

(

b) set

contribution rates under the pension plans;

(

c) decide

whether to file a valuation more frequently than is required under the Pension Benefits Act ;

(

d) receive

reports from the Administration Corporation; and

(

e) do

such other things as may be prescribed.

Members

to act honestly and in good faith

Every

member of the Sponsors Council, in exercising their powers and discharging

their duties, shall,

(

a) act

honestly and in good faith with a view to balancing the best interests of the

plan members and participating employers; and

(

b) exercise

the care, diligence and skill that a reasonably prudent person would exercise

in comparable circumstances.

Composition

of Sponsors Council

Initial

composition

(1) The

composition of the Sponsors Council on the day

section 11 of

Schedule 13 to the

Plan to Protect Ontario Act (Budget Measures), 2025 (No.

2) comes into force is comprised of the following:

1. 14

persons who are appointed, in accordance with such rules as may be prescribed,

as voting members by the prescribed organizations.

2. Five

persons who are appointed, in accordance with such rules as may be prescribed,

as non-voting members by the prescribed organizations.

Same

(2) An

organization prescribed for the purposes of subsection (1) shall not appoint,

(

a) a

person who is or has been a member of the Administration Corporation or of a

committee established for the purpose of advising the Administration

Corporation; or

(

b) a

person who has been a member of the Sponsors Corporation or of a committee

established for the purpose of advising the Sponsors Corporation.

Composition

after initial appointment

(3) Beginning

on the day after

section 11 of

Schedule 13 to the Plan to

Protect Ontario Act (Budget Measures), 2025 (No. 2) comes into force,

the composition of the Sponsors Council shall be determined in accordance with

the Sponsor Council’s by-laws.

By-laws

25.1

(1) The

Sponsors Council may pass by-laws and resolutions regulating,

(

a) its

proceedings and generally for the conduct and management of its affairs; and

(

b) its

composition and the method of choosing its members.

Same

(2) Without

limiting the generality of subsection (1), the Sponsors Council may make

by-laws respecting,

(

a) the

election or appointment of voting and non-voting members, eligibility and

competency requirements of members, their term of office and the number of

members to be elected or appointed;

(

b) the

weight of the votes by voting members;

(

c) the

election or appointment of one or more chairs and their terms of office;

(

d) quorum;

(

e) the

remuneration and expenses to be paid to the members;

(

f) the

calling and holding of meetings of the Sponsors Council, and the procedures by

which such meetings shall be conducted and the giving of notice for such

meetings;

(

g) materials

to be provided to any members who are not eligible to vote;

(

h) consultations

between the Sponsors Council and others, and the sharing of documentation for

the purposes of those consultations;

(

i) matters

on which the Sponsors Council must report and to whom they must be reported;

(

j) matters

that the Sponsors Council must review and how often they must be reviewed;

(

k) committees

to be established for the purpose of advising the Sponsors Council; and

(

l) insurance

for members of the Sponsors Council.

Prescribed

requirements

(3) Any

resolution or by-law passed by the Sponsors Council respecting any matter

mentioned in subsection (1) or (2) shall comply with such requirements as may

be prescribed respecting the matter.

The Act is amended by adding the following section:

Initial

by-laws

25.2

(1) The

Administration Corporation shall prepare the Sponsors Council’s initial

by-laws, which shall be for the purposes of governing the proceedings and

generally for the conduct and management of the Sponsor Council’s affairs and

the composition and method of choosing its members.

Compliance

with regulations

(2) The

initial by-laws must comply with such requirements as may be prescribed.

Requirement

to give initial by-laws to Minister

(3) The

Administration Corporation shall, if the Minister of Municipal Affairs and

Housing so requests, give the initial by-laws to the Minister in the manner,

form and timelines specified by the Minister.

Minister

approval

(4) If

the Administration Corporation is required to give the Minister the initial

by-laws, the Minister may approve the by-laws, approve the by-laws with such

modifications as the Minister considers appropriate or require the

Administration Corporation to prepare another set of initial by-laws.

Effect

of initial by-laws

(5) The

initial by-laws shall take effect as the by-laws of the Sponsors Council on the

day

section 11 of

Schedule 13 to the Plan to Protect

Ontario Act (Budget Measures), 2025 (No. 2) comes into force.

Same

(6) For

the purposes of subsection (5),

(

a) if

the Minister has approved the initial by-laws under subsection (4), the

reference to the initial by-laws in subsection (5) is a reference to the

initial by-laws that were approved; or

(

b) if

the Minister has not requested the Administration Corporation to give the

initial by-laws to the Minister under subsection (4) or if the Minister has

done so but has not approved them within 90 days after they were submitted or

by such other date as may be prescribed, the reference to the initial by-laws

in subsection (5) is a reference to the initial by-laws that were prepared by

the Administration Corporation.

Amendments

to initial by-laws

(7) Any

amendments to the initial by-laws shall be done in accordance with

section

25.1.

Section 26 of the Act is amended by striking out “Sponsors Corporation”

wherever it appears and substituting in each case “Sponsors Council”.

Section 27 of the Act is amended by striking out “Sponsors Corporation” and

substituting “Sponsors Council”.

(1) Section 28 of the Act is amended by striking out “Sponsors

Corporation” wherever it appears and substituting in each case “Sponsors

Council”.

(2) Subsection

28 (2) of the Act is amended by striking out “and” at the end of clause (a), by

adding “and” at the end of clause (

b) and by adding the following clause:

(

c) the

expenses incurred for obtaining insurance for members of the Sponsors Council.

Section 30 of the Act is amended by striking out “Sponsors Corporation” and

substituting “Sponsors Council”.

Section 31 of the Act is amended by striking out “Sponsors Corporation”

wherever it appears and substituting in each case “Sponsors Council”.

(1) Subsections 33 (1), (2), (5) and (6) of the Act are amended by

striking out “Sponsors Corporation” wherever it appears and substituting in

each case “Sponsors Council”.

(2) Section

33 of the Act is amended by adding the following subsection:

Same,

compliance with prescribed requirements

(3) The

by-laws referred to in subsection (1) must comply with such requirements as may

be prescribed.

(3) Subsection

33 (4) of the Act is repealed and the following substituted:

Eligibility

(4) The

following persons are not eligible to hold office as a member of the

Administration Corporation or to be appointed to any committee established for

the purpose of advising the Administration Corporation:

1. A

person who is or has been a member of the Sponsors Corporation.

2. A

person who is or has been a member of the Sponsors Council.

3. Such

other persons as may be prescribed.

(1) The Act is amended by adding the following section:

Appointment

of Chair

33.1

(1) Despite

subsection 33 (1), the Minister of Municipal Affairs and Housing may, by order,

appoint a person as Chair of the Administration Corporation for a term

commencing on April 15, 2026 or such other date as may be prescribed.

Term

(2) The

term of the appointment set out in the order under subsection (1) shall not

exceed three years.

Copy

of order to be provided

(3) If

the Minister makes an order under subsection (1), the Minister shall, as soon

as possible after the order is made, provide a copy of the order to the

Sponsors Corporation and the Administration Corporation.

Order

to be made available to plan members

(4) The

Administration Corporation shall, as soon as possible after receiving the copy

of the order, make the order available to the plan members.

(2) Section

33.1 of the Act, as enacted by subsection (1), is repealed.

Paragraph 2 of

section 34 of the Act is repealed and the following substituted:

2. To

advise and assist the Sponsors Council to exercise its powers and perform such

duties as may be required under this Act.

Subsection 35 (2) of the Act is amended by striking out “Sponsors Corporation”

wherever it appears and substituting in each case “Sponsors Council”.

Paragraph 12 of subsection 35.1 (6) of the Act is amended by striking out “by

the regulations” wherever it appears.

Subsection 35.2 (2) of the Act is amended by striking out “Sponsors

Corporation” and substituting “Sponsors Council”.

The Act is amended by adding the following sections:

Limitations

on remedies

(1) No

cause of action arises against the Crown or any current or former member of the

Executive Council or employee, officer or agent of or advisor to the Crown as a

direct or indirect result of,

(

a) the

enactment of

Schedule 13 to the Plan to Protect Ontario

Act (Budget Measures), 2025 (No. 2) ;

(

b) the

making, amendment or revocation of any provision of a regulation made under

section 40 or of an order made under

section 21.1 or 33.1;

(

c) anything

done or not done in accordance with a provision of this Act enacted by

Schedule

13 to the Plan to Protect Ontario Act (Budget Measures),

2025 (No. 2) ; or

(

d) any

modification, revocation, cessation or termination of rights in real property,

contractual rights, or other rights resulting from anything referred to in

clauses (

a) to (c).

remedy

(2) Except

as otherwise provided under this Act, no costs, compensation or damages,

including for loss of revenue or profit or any other alleged loss, whether

direct or indirect, are owing or payable to any person by a person referred to

in subsection (1), and no remedy, including a remedy in contract, restitution,

tort, a remedy for misfeasance, bad faith, or a breach of trust or fiduciary

obligation, any equitable remedy or any remedy under any statute is available

to any person against any person referred to in subsection (1) in connection

with anything referred to in that subsection.

Proceedings

barred

(3) No

proceeding that is directly or indirectly based on or related to anything

referred to in subsection (1) may be brought or maintained against any person

referred to in that subsection.

Application

(4) Subsections

(2) and (3) do not apply with respect to an application for judicial review or

a claim for constitutional remedy, but do apply with respect to any other

court, administrative or arbitral proceeding claiming any remedy or relief,

including specific performance, an injunction, declaratory relief or the

enforcement of a judgment, order or award made outside Ontario.

costs awarded

(5) No

costs shall be awarded against any person in respect of a proceeding that

cannot be brought or maintained under subsection (3).

expropriation or injurious affection

(6) Nothing

referred to in subsection (1) constitutes an expropriation or injurious

affection for the purposes of the Expropriations Act

or otherwise at law.

Proceedings

by Crown not prevented

(7) This

section does not apply with respect to proceedings brought by the Crown.

Crown

liability

personal liability

(1) No

cause of action arises against any current or former member of the Executive

Council, officer, employee or agent of the Crown for any act done in good faith

in the exercise or performance, or intended exercise or performance, of the person’s

powers, duties or functions under this Act or for any alleged neglect, default

or other omission in the exercise or performance in good faith of those powers,

duties or functions.

Crown

remains vicariously liable

(2) Despite

subsection 8 (3) of the Crown Liability and Proceedings

Act, 2019 , subsection (1) of this

section does not relieve the Crown of

liability to which it would otherwise be subject as a result of the acts or

omissions of a person specified in that subsection.

liability for acts or omissions of others

(3) No

cause of action arises against the Crown or any person specified in subsection

(1) for

an act or omission of a person other than the Crown or a person

specified in that subsection, if the act or omission is related, directly or

indirectly, to the exercise or performance, or intended exercise or

performance, of a power, duty or function under this Act.

Proceedings

by Crown not prevented

(4) This

section does not apply with respect to proceedings brought by the Crown.

Retrospective

effect

(5) Subsections

(1) to (4) apply regardless of whether the cause of action on which a

proceeding is purportedly based arose on or after the day the Plan to Protect Ontario Act (Budget Measures), 2025 (No. 2)

received Royal Assent.

personal liability, Sponsors Corporation

(1) No

cause of action arises against any current or former member or employees of the

Sponsors Corporation for any act done in good faith in the exercise or the

performance, or intended exercise or performance, of the person’s powers,

duties or functions under this Act for any alleged neglect, default or other

omission in the exercise or performance in good faith of those powers, duties

or functions.

Proceedings

by Crown not prevented

(2) This

section does not apply with respect to proceedings brought by the Crown.

Proceedings

barred

(1) No

proceeding shall be commenced,

(

a) against

any person specified in subsection 37 (1) in respect of a matter referred to in

that subsection;

(

b) against

the Crown or any person specified in subsection 37 (1) in respect of a matter

referred to in subsection 37 (3); or

(

c) against

any person specified in subsection 38 (1) in respect of a matter referred to in

that subsection.

Same

(2) Subsection

(1) does not apply with respect to an application for judicial review or a

claim for constitutional remedy, but does apply with respect to any other

court, administrative or arbitral proceeding claiming any remedy or relief, including

specific performance, an injunction, declaratory relief, a remedy in contract,

restitution, unjust enrichment or tort, a remedy for breach of trust or

fiduciary obligation or any equitable remedy, enforcement of a judgment, order

or award made outside Ontario or any form of compensation or damages including

loss of revenue or profit.

Proceedings

by Crown not prevented

(3) This

section does not apply with respect to proceedings brought by the Crown.

Regulations

The

Minister of Municipal Affairs and Housing may make regulations,

(

a) prescribing

anything that is referred to in this Act as prescribed or as otherwise dealt

with in the regulations;

(

b) providing

for such rules that are, in the opinion of the Minister, necessary or desirable

respecting the winding up of the Sponsors Corporation, including with respect

to the transfer of its assets, liabilities, rights, obligations and employees;

(

c) providing

for and governing requirements or