Second

Session, 50th General Assembly

Charles III, 2024

BILL 89

AN ACT TO AMEND THE

REVENUE ADMINISTRATION ACT, NO. 5

Received

and Read the First Time ................................................................

Second

Reading ............................................................................................

Committee .....................................................................................................

Third

Reading ...............................................................................................

Royal

Assent .................................................................................................

HONOURABLE SIOBHAN

COADY

Minister of Finance

and President of Treasury Board

Ordered to be printed by

the Honourable House of Assembly

EXPLANATORY NOTES

This Bill would amend the Revenue

Administration Act to exempt the third-party

plan administrator of the Canadian Dental Care Plan from the insurance companies tax.

A BILL

AN ACT TO AMEND THE REVENUE ADMINISTRATION

ACT, NO. 5

Analysis

S.78 Amdt .

Imposition of tax

Commencement

Be it enacted by the Lieutenant-Governor and

House of Assembly in Legislative Session convened, as follows:

SNL2009 cR-15.01

as amended

1. Subsection 78(3) of the Revenue

Administration Act is repealed and the following substituted:

(3) This Part does not apply

(

a) to premiums

receivable in respect of contracts of marine insurance; or

(

b) to the third-party plan administrator of the

Canadian Dental Care Plan in respect of the administration of that plan.

(4) For the purposes of paragraph (3)(b),

"Canadian Dental Care Plan" means the Canadian Dental Care Plan

established under the authority of the Department of Health Act (Canada)

in respect of dental service for individuals.

Commencement

2. This Act is considered to have come into force

on May 1, 2024.

King's Printer