An Act to implement certain provisions of the budget tabled in Parliament on March 23, 2004 (S.C. 2004, c. 22)

Assented to 2004-05-14

Canada Social Transfer

Marginal note:2003, c. 15, s. 8

 Subparagraphs 24.4(1)(a)(ii) and (iii) of the Act are replaced by the following:

  • (ii) $150 million for the fiscal year beginning on April 1, 2004,

  • (iii) $8.225 billion for the fiscal year beginning on April 1, 2005,

PART 21987, c. 3AMENDMENT TO THE CANADA-NEWFOUNDLAND ATLANTIC ACCORD IMPLEMENTATION ACT

 Section 220 of the Canada-Newfoundland Atlantic Accord Implementation Act is replaced by the following:

Marginal note:Calculation

220. The fiscal equalization offset payment that is to be paid to Her Majesty in right of the Province for a fiscal year pursuant to section 219 is the amount, as determined by the Federal Minister, equal to the aggregate of

  • (a) the amount, if any, by which

    • (i) the fiscal equalization payment that may be paid to Her Majesty in right of the Province for the fiscal year under Part I of the Fiscal Arrangements Act

    is less than

    • (ii) where the average of the per capita fiscal capacity of the Province for the fiscal years taken into account in the calculation of the fiscal equalization payment for that fiscal year is less than or equal to 70 per cent of the average, for those fiscal years, of the national average per capita fiscal capacity, 95 per cent,

    • (iii) where the average of the per capita fiscal capacity of the Province for the fiscal years taken into account in the calculation of the fiscal equalization payment for that fiscal year is less than or equal to 75 per cent but greater than 70 per cent of the average, for those fiscal years, of the national average per capita fiscal capacity, 90 per cent, or

    • (iv) where the average of the per capita fiscal capacity of the Province for the fiscal years taken into account in the calculation of the fiscal equalization payment for that fiscal year is greater than 75 per cent of the average, for those fiscal years, of the national average per capita fiscal capacity, 85 per cent

of the aggregate of the fiscal equalization payment that may be paid to Her Majesty in right of the Province under Part I of the Fiscal Arrangements Act for the fiscal year immediately preceding the fiscal year and the amount computed in accordance with this paragraph for the fiscal year immediately preceding the fiscal year, and

  • (b) the phaseout portion, in respect of the fiscal year, of the amount, as determined by the Federal Minister, by which

    • (i) the aggregate of the fiscal equalization payment that may be paid to Her Majesty in right of the Province under Part I of the Fiscal Arrangements Act for the fiscal year immediately preceding the fiscal year and the amount computed in accordance with paragraph (a) for the fiscal year immediately preceding the fiscal year

    is greater than

    • (ii) the aggregate of the fiscal equalization payment that may be paid to Her Majesty in right of the Province under Part I of the Fiscal Arrangements Act for the fiscal year and the amount computed in accordance with paragraph (a) for the fiscal year.

PART 3GENERAL — PAYMENTS TO CERTAIN ENTITIES

Payments to a Trust

Marginal note:Payments to trust — immunization and public health
  •  (1) The Minister of Finance may make direct payments, in an aggregate amount of not more than four hundred million dollars, to a trust established to provide the provinces with funding for the purposes of supporting a national immunization strategy and assisting in the enhancement of their public health capacities.

  • Marginal note:Provincial share

    (2) The amount that may be provided to a province under this section is to be determined in accordance with the terms of the trust indenture establishing the trust referred to in subsection (1).

  • Marginal note:Payments out of C.R.F.

    (3) Any amount payable under this section may be paid by the Minister of Finance out of the Consolidated Revenue Fund at the times and in the manner that the Minister of Finance considers appropriate.

Payments to Nova Scotia

Marginal note:Payment for 2004–2005
  •  (1) For the fiscal year beginning on April 1, 2004, the Minister of Finance may make a cash payment to the Province of Nova Scotia in an amount equal to the aggregate of twentyone million dollars and an amount equal to 20 per cent of the Province's offshore minerals revenue for that fiscal year included in the description set out in paragraph (z.5) of the definition revenue source in subsection 4(2) of the FederalProvincial Fiscal Arrangements Act.

  • Marginal note:Payment for 2005–2006

    (2) For the fiscal year beginning on April 1, 2005, the Minister of Finance may make a cash payment to the Province of Nova Scotia in an amount equal to 10 per cent of the Province's offshore minerals revenue for that fiscal year included in the description set out in paragraph (z.5) of the definition revenue source in subsection 4(2) of the FederalProvincial Fiscal Arrangements Act.

  • Marginal note:Determination of offshore minerals revenue

    (3) The offshore minerals revenue of the Province of Nova Scotia for each of the fiscal years referred to in subsections (1) and (2) shall be determined by the Minister of Finance after the end of that fiscal year at the time of the final computation of the amount, if any, of the fiscal equalization payment that is payable to the Province for that fiscal year under Part I of the FederalProvincial Fiscal Arrangements Act.

  • Marginal note:Payment out of C.R.F.

    (4) Any amount payable under subsection (1) or (2) may be paid by the Minister of Finance out of the Consolidated Revenue Fund at the time and in the manner that the Minister of Finance considers appropriate.

Payment to Saskatchewan

Marginal note:Payment of $120,000,000
  •  (1) The Minister of Finance may make a cash payment of one hundred and twenty million dollars to the Province of Saskatchewan.

  • Marginal note:Payment out of C.R.F.

    (2) Any amount payable under subsection (1) may be paid by the Minister of Finance out of the Consolidated Revenue Fund at the time and in the manner that the Minister of Finance considers appropriate.

Appropriations for Grants

Canada Foundation for Sustainable Development Technology

Marginal note:$200,000,000 granted

 From and out of the Consolidated Revenue Fund there may, on the requisition of the Minister of the Environment and the Minister of Natural Resources, be paid and applied a sum not exceeding two hundred million dollars for payment to the Canada Foundation for Sustainable Development Technology for its use.

Canada Health Infoway Inc.

Marginal note:$100,000,000 granted

 From and out of the Consolidated Revenue Fund there may, on the requisition of the Minister of Health, be paid and applied a sum not exceeding one hundred million dollars for payment to the Canada Health Infoway Inc. for its use.

 
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