Matthew Boldt

Discussion relating to Canada’s COVID-19 economic response plan to provide credit through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC) under the Loan Guarantee for Small and Medium-Sized Enterprises, the Co-Lending Program for Small and Medium-Sized Enterprises. Discussion relating to Canada's COVID-19 economic response plan. The Income Tax Act and Excise Tax Act as they relate to the taxation of credit unions, cooperatives and small business. Winding-up Restructuring Act and applicability to credit unions and credit union centrals. The Personal Information Protection and Electronic Documents Act with respect to impact on credit unions and credit union centrals. The Organization for Economic Co-operation and Development (OECD) Common Reporting Standards and potential impacts on credit unions. The Canada Anti-Spam Law as it relates to contraventions under the Act and general impact on credit union operations. Proceeds of Crime (Money Laundering) and Terrorist Financing Act with respect to reporting and compliance obligations of credit unions and credit union centrals. Participated in the Department of Finance consultation on the development of a financial consumer code. Continue to monitor its development. Monitor the financial powers and operations of the Business Development Bank of Canada as being considered during the current statutory Parliamentary Review of the Business Development Bank of Canada. Monitoring housing finance policy as it relates to data collection by the Government, Regulatory Burden and how policy will affect consumers. Issues that impact the competitiveness of credit unions including: Accessibility to Canada Mortgage and Housing Corporation’s (CMHC) default management tools, federal credit union legislation; CMHC's mortgage insurance policies; and anti-money laundering and anti-terrorist financing legislation; social finance and social innovation; financial literacy International Monetary Fund (IMF) - Financial Sector Assessment Program (FSAP) and Article 4 consultations. Income Tax Act - any provision applicable to credit unions including but not limited to (Part XVIII and Part XIX) pertaining respectively to the automatic exchange of financial account information with the United States under the intergovernmental agreement to facilitate compliance with the "The Foreign Account Tax Compliance Act (FATCA) and the automatic exchange of financial account information with jurisdictions other than the US in accordance with the Common Reporting Standard. Financial Action Task Force (FATF) - mutual evaluations of Canada Engaging with all Government stakeholders that are investigating the implementation of an open-banking framework in Canada and how that will affect credit unions and their members. Discussion relating to a national strategy on financial literacy, with respect to the work of the credit unions on financial literacy. Co-operative Credit Associations Act scheduled review of federal financial institutions legislative review due in 2023. Competition Act - merger review standards, performance and fees of the Competition Bureau as they affect credit unions, compliance programs. Canadian Payments Act - Monitor work by the Department of Finance, Bank of Canada and the Canadian Payments Association related to any amendments to CPA Act and proposed modernization initiatives. Canada Deposit Insurance Corporation (CDIC) Act. Monitor the progress of the CDIC review of deposit insurance and participate in any consultations or research initiatives Monitor any resulting changes to the CDIC Act. Bankruptcy and Insolvency Act as it relates to lending practices and priority of security. Monitor and participate in the review of the Act. Bank Act - federal credit union provisions. Competitiveness of credit unions, Section 983 Bank Act - Section 427-429 Bank Act security. The 2025 review of federal financial institutions legislative review. Aboriginal reconciliation- Discussion on

Advising on the climate, environmental, and economic risks of new bitumen pipelines and related fossil fuel industry expansion, and seeking to mitigate harms. Seeking to stop proposal changes to Impact Assessment Act, Fisheries Act and Species at Risk Act that the federal government released a spring 2026 discussion paper concerning proposed changes to the IAA, Fisheries Act and SARA that would significantly weaken protection of environment and human health Seeking that the federal government deny changes to the Tripartite Agreement, and therefore not enable a process toward expanding the Toronto Island Airport to accommodate jets. Supporting the federal government's plans and financial support for decarbonizing steel production in Canada. Seeking Cabinet Emergency Order to protect the critical habitat of piping plover at Wasaga Beach Supporting the federal government in its negotiation of a strong international treaty on plastic pollution. Supporting federal action establishing a Federal Plastics Registry requiring producers to report annually on the quantity and types of plastic they place on the Canadian market, how it moves through the economy, and how it is managed at its end-of-life. Advising on the climate impacts of existing or proposed LNG projects, as well as the global business environment for LNG, and seeking to mitigate harms. Advising on the environmental impacts of projects enabled by Bill C-5 and seeking to mitigate harms. Environmental and industrial strategy approaches to reducing waste and material inputs Seeking a strengthening of the Output-based pricing system intended to make polluters pay Supporting the implementation, under the Canadian Environmental Protection Act, of Clean Electricity Regulations to mitigate climate change and build a low carbon future. Supporting stronger regulations under the Fisheries Act on Oil Sands Mining Effluent Release. Supporting investment in systems for reuse and refill as an alternative to single-use packaging. Supporting a Climate-Aligned Finance Act, that would include enforcing science-based targets and holding financial institutions accountable to them. Federal Budget - providing resources for environmental initiatives, including climate change, public transit, renewable energy, climate finance accountability, investment in water and wastewater infrastructure, pollution abatement and enforcement, economic transition, sustainable jobs, aligning federal spending with climate objectives and restricting resources for fossil fuels. Rouge National Urban Park expansion involving the former Pickering Airport lands. Supporting the strengthening of current and future federal government emission reduction targets. Ensure a green investments Taxonomy does not include fossil fuels. Advancing climate transition plans across the economy, requiring federally regulated financial institutions and large companies to develop and implement plans that align their business with the goals of the Paris Agreement. Supporting federal action to protect communities and ecosystems from local impacts in the oil sands, including from seeping oil sands process water. Supporting the establishment, under the Canada Consumer Product Safety Act (CCPSA), of regulations requiring disclosure, and prohibitions, restrictions, or container requirements for certain human health hazards of concern (HHHOCs) in consumer chemical products. Supporting the establishment of the Canada Public Transit Fund and negotiated infrastructure funding agreements with provinces, territories, and cities, where the federal government would establish land-use standards near federally funded transit stations, establish zero-emission bus procurement requirements and expand operations funding to increase transit service levels. Supporting the establishment, under the Canadian Environmental Protection Act, of regulations to address plastic pollution. Supporting the establishment, under the Canadian Environmental Protection Act, of reg

Housing Finance Programs and Market Infrastructure Federal housing finance programs, procurement policy and Canadian capital markets infrastructure. Participation in the Bank of Canada's Lynx program Support the development of a Canadian Green and Transition taxonomy (or investment guidelines) to help attract capital to domestic businesses, ensuring it reflects the structure of Canada’s economy, including the extractive sector. Climate and sustainability disclosures: ensure that climate and sustainability disclosure mandate proposals are calibrated to the uniqueness of Canada's capital markets and support the competitiveness of Canadian businesses. Discuss policies to support investment in critical minerals and natural resource development, including access to public markets financing and related tax incentives. Discuss federal 2026 pre-budget consultation submission, including priorities related to innovation, critical minerals, and measures to support Canadian productivity and competitiveness. Encourage greater transparency in the over-the-counter markets and discussed policies on the national regulator for securities Encourage a bond allocation incentive program and participation of Bank of Canada in the futures market Discussions and updates of, including support for, international expansion of capital market activities.

Potential reform of Insurance Companies Act. Development of a policy framework to strengthen Canada’s insurance resolution regime, including the potential establishment of a designated insurance resolution authority.

Statutory review of the Pest Control Products Act, engagement on Pest Control Products regulatory transformation, renewal and cancellation policy. Statutory review of the Canadian Environmental Protection Act and amendments to other toxics law policies and/or regulations including the Pest Control Products Act and the Consumer Product Safety Act. Obtaining recognition of constitutionally-protected environmental rights, including the codification of these rights through the proposed Canadian Environmental Bill of Rights; Implementing the Fisheries Act to better protect fish, fish habitat and water flows. Implementation of the Species at Risk Act in a manner that ensures protection of species-at-risk. Implementation of the Impact Assessment Act in a manner that protects the environment, including effective application of Strategic and Regional Impact Assessment provisions Banning thermal coal exports from and through Canada Advocating to strengthen the Impact Assessment Act, regulations and policies Advocating to strengthen the Canadian Environmental Protection Act (CEPA) Advocating that plastics be added to the Priority Substances List and to the List of Toxic Substances Advocating for the reform of the Competition Act. Advocating for the passage of legislation that recognizes protects the right to a healthy environment. Advocating for the passage of Bill C-230 National Strategy to Redress Environmental Racism Act Advocating for the implementation of the Canadian Environmental Protection Act. Advocating for sustainable finance regulation Advocating for strengthening Bill C-50 (the Canadian Sustainable Jobs Act). Advocating for laws to enable citizens’ right to repair products Advocating for healthy transportation Advocating for circular economy laws, strategies and policies Advocating for Bill S-243, An Act to enact the Climate-Aligned Finance Act and to make related amendments to other Acts, and which would require certain financial and other federally regulated entities to address climate change Advocating for a United Nations Global Plastics Treaty Advocating for a robust national environmental justice strategy to assess and address environmental racism and injustice Advocating for a federal Aquaculture Act that protects native species and coastal ecosystems Advocating for a Canadian climate change accountability framework Advocating for a Biodiversity Accountability Act

Extend GST relief to all homebuyers of newly-built homes nation-wide Create a permanent national roundtable on housing that brings together all orders of government, industry and civil society to develop harmonized solutions to the housing supply and affordability crisis. We recommend the federal government consider raising the home value cap for insurable mortgages to $1.5 million, matching the insured mortgage limit Extend 30-year amortization for insured mortgages to all homebuyers. OSFI's Residential Mortgage Underwriting Practices and Procedures Guideline (B-20) with respect to insured mortgages and the minimum qualifying rate (stress test) on mortgage transfers and renewals. Introducing mechanisms to improve income verification, while keeping the personal financial information of consumers safe, secure, and confidential. Consultation and discussion as the Government periodically reviews provisions contained in the Bank Act dealing with capitalization mechanisms, securitization, mortgage insurability. and consumer eligibility requirements. Advocating for policies, programs and regulations which improve housing and mortgage affordability for Canadians, increase flexibility to face unforeseen circumstances, and expand choices for Canadians when making the most important financial decisions of their lives.

Approaches to strengthening sustainable finance in Canada, including the role of climate-related disclosure practices, the development of a green and transition taxonomy, and broader policy considerations to ensure Canadian approaches remain aligned with international regulatory trends and market expectations while reflecting domestic economic context. General observations on evolving asset owner practices and reporting expectations in the context of global climate and sustainability developments. PRI actively engages with public policy makers where relevant to our Mission and Principles. PRI also encourages its membership to participate in policy activity to ensure institutional investors are able to generate sustainable returns and create value.

Engaging with government on policy related to housing, housing affordability, rental markets, and rental availability including economic impacts, tax policy and infrastructure.