Federal-Provincial Fiscal Arrangements Regulations, 2007

14 (1) For each fiscal year, the Minister shall, in December of the preceding fiscal year, make an estimate of the fiscal equalization amount to be calculated under section 3.72 of the Act using

• (a) the information set out in the certificate that is submitted in the fiscal year preceding that for which the amount is estimated, 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 amount is estimated.

(2) The Minister shall inform Nova Scotia’s Minister of Finance of the estimate referred to in subsection (1) on or before December 31 of the fiscal year preceding that for which the estimate is made.