The CDIC Act provides CDIC with the legal power to undertake a bail-in. In addition, the Bank Recapitalization (Bail-in) Conversion Regulations and the Bank Recapitalization (Bail-in) Issuance Regulations provide details on various aspects of the bail-in regime1.
Your best option to assist someone close to you who is facing a bail hearing is to act as their surety. A surety makes a promise to the court that they will be responsible for supervising an accused. If you want to bail someone out after an arrest, the best thing you can do is contact an experienced bail lawyer.
The reforms come into force on January 4, 2024. The amendments make targeted changes to the Criminal Code 's bail regime to address serious repeat violent offending with firearms, knives, bear spray and other weapons.
Reforms to the bail system Specifically, the amendments: create a reverse onus (meaning that the onus shifts to the accused person to convince the court that they should be released, rather than detained, while awaiting their trial) to target serious repeat violent offending involving weapons.
If an accused person is not released by police, the accused must be brought before the court for a bail hearing. The court (judge or justice of the peace) decides, based on the evidence and submissions of the parties, whether to detain or release the accused, with or without conditions.
Bail is when a person charged with a criminal offence is released from custody while awaiting their trial. An individual can be released with or without conditions that they must follow during their release. Not everyone who is charged with a crime receives bail.
The bail-in power gives CDIC the authority to recapitalize D-SIBs from within, by converting some or all of a failing D-SIB's bail-in debt into common shares in order to help restore it to viability.