Canada Health Transfer, Canada Social Transfer and Wait Times Reduction Transfer Regulations (SOR/2004-62)
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Regulations are current to 2013-04-29 and last amended on 2009-12-10. Previous Versions
Canada Health Transfer, Canada Social Transfer and Wait Times Reduction Transfer Regulations
SOR/2004-62
FEDERAL-PROVINCIAL FISCAL ARRANGEMENTS ACT
Registration 2004-03-30
Canada Health Transfer, Canada Social Transfer and Wait Times Reduction Transfer Regulations
P.C. 2004-331 2004-03-30
Her Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 40Footnote a, of the Federal-Provincial Fiscal Arrangements ActFootnote b, hereby makes the annexed Canada Health Transfer and Canada Social Transfer Regulations.
Return to footnote aS.C. 1999, c. 31, s. 93
Return to footnote bS.C. 1995, c. 17, s. 45(1)
INTERPRETATION
1. The following definitions apply in these Regulations.
- “Act”
“Act” means the Federal-Provincial Fiscal Arrangements Act. (Loi)
- “population of a province for a fiscal year”
“population of a province for a fiscal year” means the population of a province for a fiscal year as determined in accordance with section 2. (population d’une province pour un exercice)
- “taxation year”
“taxation year” means a taxation year within the meaning of the Income Tax Act. (année d’imposition)
- “transfer payment”
“transfer payment” means payment of the Canada Health Transfer, Canada Social Transfer or Wait Times Reduction Transfer under the Act, as the case may be. (paiement de transfert)
- SOR/2008-312, s. 2.
DETERMINATION OF POPULATION OF A PROVINCE
2. For the purposes of Parts V and V.1 of the Act and for the purposes of these Regulations, the manner in which the Chief Statistician of Canada shall determine the population of a province for a fiscal year is by basing that determination on Statistics Canada’s official estimate of the population of the province on June 1 of that fiscal year.
- SOR/2008-312, s. 3.
CALCULATION OF EQUALIZED TAX TRANSFER
3. (1) For the purposes of section 24.7 of the Act, the relevant revenue bases for a province for a fiscal year shall be determined as follows:
(a) with respect to personal income taxes, by aggregating
(i) 75% of the assessed federal individual income tax applicable to the province for the taxation year ending in the fiscal year, as determined by the Minister of National Revenue, and
(ii) 25% of the assessed federal individual income tax applicable to the province for the taxation year beginning in the fiscal year, as determined by the Minister of National Revenue; and
(b) with respect to corporation income taxes, by aggregating
(i) 75% of the aggregate of taxable income earned in the taxation year in the province, as determined by the Minister of National Revenue under subsection 124(4) of the Income Tax Act, for all corporations having a taxation year ending in the calendar year that ends in the fiscal year, and
(ii) 25% of the aggregate of taxable income earned in the taxation year in the province, as determined by the Minister of National Revenue under subsection 124(4) of the Income Tax Act, for all corporations having a taxation year ending in the calendar year that begins in the fiscal year.
(2) to (4) [Repealed, SOR/2009-327, s. 1]
- SOR/2007-200, s. 1;
- SOR/2009-327, s. 1.
- Date modified:
