An Act to amend the National Housing Act (Canada Mortgage and Housing Corporation's retained earnings)
This bill is from the 40th Parliament, 3rd Session, which ended in March 2011.
This bill is from the 40th Parliament, 3rd Session, which ended in March 2011.
Denise Savoie NDP
Introduced as a private member’s bill. (These don’t often become law.)
Outside the Order of Precedence (a private member's bill that hasn't yet won the draw that determines which private member's bills can be debated), as of June 17, 2010
(This bill did not become law.)
This is from the published bill.
This enactment amends the National Housing Act to provide that CMHC’s retained earnings from the mortgage insurance business that are not credited to funds established for claims, losses, expenditures and costs are capitalized up to a maximum of 150% of the Minimum Capital Test or are transferred to the provinces for the purpose of providing housing for families of low income.
All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.