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Table 9: Progress Toward the Department's Regulatory Plan
| Regulations | Expected Results |
| Regulations are being introduced pursuant to the passage of Bill C-37, An Act to amend the law governing financial institutions and to provide for related and consequential matters, which updated the financial institutions statutes. | Complete the update of the financial institutions statutes by bringing into force the regulations required to fully implement Bill C-37 |
| Regulations are being introduced pursuant to the passage of Bill C-57, which updated the corporate governance provisions in the financial institutions statutes. | Develop regulations to implement the new corporate governance provisions in the financial institutions statutes |
| Amendments may be made to regulations under the Excise Tax Act (GST/HST and excise taxes), the Air Travellers Security Charge Act, the Excise Act, and the Excise Act, 2001. These acts contain a number of provisions that give regulatory powers to deal with GST/HST, excise tax, and excise duty issues. | Through the use of regulations, the government may propose changes to address some issues in the GST/HST, excise tax, and excise duty systems. Amendments to the regulations are required from time to time to respond to emerging policy and technical issues, including budget-related measures. |
| Customs Tariff: The Tariff contains a number of provisions that allow the government to respond to the competitive needs of Canadian industry and to enforce Canada's Right s and meet its obligations under international agreements and arrangements to which Canada is a party. | Through the use of orders and regulations, the government will continue to respond to the competitive needs of Canadian industry and will enforce Canada's Right s and meet its obligations under international agreements and arrangements. |
| Income Tax Act and related regulations: The Income Tax Act contains a number of provisions that give regulatory powers to deal with income tax issues. | Through the use of regulations, the government may propose changes to address some issues in the income tax system. Amendments to the regulations are required from time to time to address emerging policy or technical issues, including budget-related measures. |
| Amendments to the Federal-Provincial Fiscal Arrangements Regulations, 2007 | The Federal-Provincial Fiscal Arrangements Regulations, 2007 must be updated to reflect the changes made to the Equalization program in the Budget and Economic Statement Implementation Act, 2007, including the implementation of the cumulative best-of insurance provision available to Nova Scotia and Newfoundland and Labrador that ensures that these provinces will be at least as well off under the new Equalization formula as they would have been under the formula in place when the 2005 offshore accords were signed. |
| Regulations for Crown Share Adjustment Payments(Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, 1988) | The Department will work with the Minister of Natural Resources to develop regulations setting out methodology for payments for Crown Share Adjustment Payments, following the Government's response to the report of the Panel on Crown Share Adjustment Payments. |
| Amendments to the regulations made pursuant to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act | Regulations will be finalized to fully implement recent amendments to the PCML Act. |
