What is the new settlement cycle in Canada?
Canada’s Move to a T-2 Settlement Cycle. Effective September 5, 2017, the settlement cycle in the Canadian and US securities markets will be shortened from three days after the date of a trade (T+3) to two days after the date of a trade (T+2).
What is the settlement date for equities?
For Canadian and U.S. equities, the settlement date is 2 business days after the trade date. For example, if a trade is placed on Tuesday, December 4th, 2018 (the trade date), the settlement date would be 2 business days later: Thursday, December 6th, 2018:
When will the last day of trading for 2018 be settled?
Any trade placed on Thursday, December 27th, 2018 would settle on Monday, December 31st, 2018. Any trade placed after this date would settle in 2019. For 2019, for Canadian equities, the last trading date resulting in settlement in 2019 will be Thursday, December 27th, 2019.
How long does it take to settle a trade?
For Canadian and U.S. equities, the settlement date is 2 business days after the trade date. For example, if a trade is placed on Tuesday, December 4th, 2018 (the trade date), the settlement date would be 2 business days later: Thursday, December 6th, 2018: Holidays when the stock markets are closed do not count as business days.
What is settlement in Canada?
2.3 Settlement refers to a short period of mutual adaptation between the newcomers and the host society, during which the government provides support and services to newcomers. Integration is a two-way process that involves commitment on the part of immigrants to adapt to life in Canada and on the part of Canada to welcome and adapt to new peoples and cultures.
What is CIC Settlement Program?
2.2 The CIC Settlement Program and related services aim to provide newcomers with the information required to make informed decisions, language skills adequate to their settlement and integration goals, and the support they need to build networks within their new communities. CIC funds the delivery of settlement programming across the country and outside Canada, and provides support for initiatives that contribute to the capacity enhancement of recipient organizations.
What is the role of CIC settlement?
The CIC Settlement Program plays a major role by assisting immigrants and refugees to overcome barriers specific to the newcomer experience so that they can undertake their longer-term integration on a similar footing to other Canadians.
What is CIC funding?
CIC funds services that play an essential role in enabling clients to access the direct service components outlined below. Eligible support services include childcare, translation and interpretation services, crisis counselling, transportation assistance, and provisions for disabilities. These barrier-reducing services are always provided in conjunction with a direct service.
What is a Canadian service?
Services that provide clients with information about Canada and the community in which they intend to settle. They also help clients to develop the life skills they need to integrate into Canadian society.
When do you have to disclose your sources of funding?
11.1 The Department requires that applicants disclose prior to the start of an agreement (and during the life cycle of an agreement, if applicable) all confirmed or potential sources of funding or in-kind participation for program activities and/or eligible costs when the Department’s contribution is in excess of $100,000 . The Department may also request this disclosure when the Department's contribution is $100,000 or less.
When does the annex end?
This Annex has been added to the terms and conditions of the Settlement Program on May 11, 2018 and ending March 31, 2022.
What is settlement in Canada?
2.3 Settlement refers to a short period of mutual adaptation between the newcomers and the host society, during which the government provides support and services to newcomers. Integration is a two-way process that involves commitment on the part of immigrants to adapt to life in Canada and on the part of Canada to welcome and adapt to new peoples and cultures.
What is the role of CIC settlement?
The CIC Settlement Program plays a major role by assisting immigrants and refugees to overcome barriers specific to the newcomer experience so that they can undertake their longer-term integration on a similar footing to other Canadians.
What is CIC funding?
3.1 CIC funds direct and indirect settlement services both inside and outside Canada, which address the settlement-related needs of immigrants and refugees. The provision of settlement services across these broad components will enable CIC to achieve the long term results outlined in section 2.
Terms and Conditions
Authority
- 1.1 The Department of Citizenship and Immigration Act establishes the Department of Citizenship and Immigration over which the Minister of Citizenship and Immigration presides. Section 4 of that Act sets out the powers, duties and functions of the Minister. 4. The powers, duties and functions of the Minister extend to and include all matters over which Parliament has jurisdictio…
Purpose and Objective
- 2.1 For Canada to realize the economic, social and cultural benefits of immigration, newcomers must integrate successfully into Canadian society. The CIC Settlement Program plays a major role by assisting immigrants and refugees to overcome barriers specific to the newcomer experience so that they can undertake their longer-term integration on a similar footing to other Canadians. …
Eligible Services/Initiatives/Projects
- Program components
3.1 CIC funds direct and indirect settlement services both inside and outside Canada, which address the settlement-related needs of immigrants and refugees. The provision of settlement services across these broad components will enable CIC to achieve the immediate and intermed… - Eligible Clients
3.7 Only the following persons are eligible to receive settlement services: 1. Permanent Residents of Canada. 2. Protected Persons as defined in Section 95 of IRPA. 3. Individuals who have been selected, inside or outside Canada, to become permanent residents (pending verifications) and…
Eligible Recipients
- 4.1 In order to fulfill CIC’s objective of promoting the successful integration of permanent residents into Canada, grant and contribution agreements may be signed with the following eligible recipients for settlement services: 1. Provincial, territorial or municipal governments; 2. International organizations; 3. Not for profit organizations including non-governmental organizat…
Eligible Expenditures
- 5.1 Grants and contribution agreements may be made towards activities related to eligible services and could encompass the following expenditures that are determined to be reasonable and essential: 5.2 Where the recipient further distributes contribution funding to a third party organization to carry out project activities, payments by the recipient to reimburse the third part…
Determination of Contribution Amount
- 6.1 The Department will ensure that the amount of the contribution or grant is at a minimal level required to attain the objectives of the program clearly defined in Section 2. And the results expected by the recipient. The other sources of funds will also be considered to ensure that the amount is appropriate. The following other factors will also be considered: 1. Level of funds avai…
Maximum Amount Payable
- 7.1 The maximum amount payable to each eligible recipient through their combined Settlement Program contribution and grant agreements shall not exceed the per fiscal year limits indicated below. Within the overall recipient limits, the maximum amount payable per recipient through grants shall not exceed the fiscal year limits indicated.
Basis of Payment
- Contribution
8.1 Payments of contributions will normally be made as reimbursements of eligible costs incurred or expenditures made by the contribution recipient and will be based on the presentation of acceptable claims and progress reports, in accordance with the terms of the contribution agree… - Grant
8.8 Grants will be paid in installments unless the full amount is required to meet the objectives of the project. 8.9 There are no restrictions to the number of approved projects an eligible recipient may hold at any one time. 8.10 Both single year and multi-year projects may be funded, subject t…
Required Information from Applicant and Assessment Criteria
- Application Requirements
9.1 The Department requires that an applicant requesting funding as an eligible recipient through its Settlement Program submit the following: 1. A fully completed Application for Funding form with information including, but not limited to, the following: a description of planned activities; h… - Additional Requirements for Grants
9.2 The Department will determine proposals most suitable for funding as a grant by considering factors such as: 1. Low project risk determined by assessment of complexity and scope of activities. 2. The applicant has sound capacity (strong financial and organizational capabilities). …