Federal-Provincial Fiscal Arrangements Regulations, 2007

13 (1) When calculating a fiscal equalization payment for a fiscal year under sections 3.2 and 3.4 of the Act, the Minister shall use

• (a) the information set out in the certificate that is submitted in the fiscal year preceding that for which the calculation is performed; and

• (b) in the case of information that is not required to be set out in the certificate, the most recent data from the information source identified in these Regulations that is available as of December 1 of the fiscal year preceding that for which the calculation is performed.

(2) When calculating a fiscal equalization amount for a fiscal year under section 3.72 of the Act, the Minister shall use

• (a) the population of each province as set out in the certificate that is submitted

  • (i) in the fiscal year for which the calculation is performed, in respect of the population for the preceding fiscal year, and

  • (ii) in the fiscal year prior to that for which the calculation is performed, in respect of the population for the fiscal years that are two and three years prior to that fiscal year;

• (b) for the purpose of determining the revenue to be equalized for each revenue source and the revenue base in respect of each revenue source for the fiscal year preceding that for which the calculation is performed,

  • (i) the information set out in the certificate that is submitted in the fiscal year for which the calculation is performed, and

  • (ii) in the case of information that is not required to be set out in the certificate, the most recent data from the information source identified in these Regulations that is available as of December 1 of the fiscal year for which the calculation is performed; and

• (c) for the purpose of determining the revenue to be equalized for each revenue source and the revenue base in respect of each revenue source for the fiscal years that are two and three years prior to the fiscal year for which the calculation is performed,

  • (i) the information set out in the certificate that is submitted in the fiscal year preceding that for which the calculation is performed, and

  • (ii) in the case of information that is not required to be set out in the certificate, the most recent data from the information source identified in these Regulations that is available as of December 1 of the fiscal year preceding that for which the calculation is performed.