Canada-Newfoundland Atlantic Accord Implementation Act

Version of section 218 from 2002-12-31 to 2003-03-31:

Marginal note:Definitions
  •  (1) In this Part,

    “Federal Minister”

    « ministre »

    “Federal Minister” means the Minister of Finance;

    “first fiscal year of offshore production”

    « premier exercice de production extracôtière »

    “first fiscal year of offshore production” means the fiscal year beginning on the first day of April immediately following the day on which the cumulative volume of production in the offshore area, measured as having flowed through the first sales meter, has reached an amount equal to 2,400,000 cubic metres of oil or a volume of gas or of a combination of oil and gas that is the energy equivalent thereto, as determined by the Minister of Natural Resources, in accordance with the regulations;

    “Fiscal Arrangements Act”

    « loi de 1977 »

    “Fiscal Arrangements Act” means the Federal-Provincial Fiscal Arrangements and Federal Post-Secondary Education and Health Contributions Act, 1977;

    “national average per capita fiscal capacity”

    « moyenne nationale »

    “national average per capita fiscal capacity” means the per capita fiscal capacity of all of the provinces;

    “phase-out portion”

    « fraction dégressive »

    “phase-out portion” means

    • (a) in respect of the first fiscal year of offshore production and each of the first three fiscal years following the first fiscal year of offshore production, ninety per cent,

    • (b) in respect of the fourth fiscal year following the first fiscal year of offshore production, eighty per cent,

    • (c) in respect of the fifth fiscal year following the first fiscal year of offshore production, seventy per cent,

    • (d) in respect of the sixth fiscal year following the first fiscal year of offshore production, sixty per cent,

    • (e) in respect of the seventh fiscal year following the first fiscal year of offshore production, fifty per cent,

    • (f) in respect of the eighth fiscal year following the first fiscal year of offshore production, forty per cent,

    • (g) in respect of the ninth fiscal year following the first fiscal year of offshore production, thirty per cent,

    • (h) in respect of the tenth fiscal year following the first fiscal year of offshore production, twenty per cent, and

    • (i) in respect of the eleventh fiscal year following the first fiscal year of offshore production, ten per cent;

    “province”

    « province »

    “province” does not include the Northwest Territories, the Yukon Territory or Nunavut.

  • Marginal note:Determination of population

    (2) For the purposes of this Part, the population of a province for a fiscal year is the population of that province for that fiscal year, as determined for the purposes of Part I of the Fiscal Arrangements Act.

  • 1987, c. 3, s. 218;
  • 1993, c. 28, s. 78;
  • 1994, c. 41, s. 37;
  • 1998, c. 15, s. 18.