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• (2) For the purposes of subsection (1),

  • (a) E is calculated in accordance with the formula

    [EP + ((100 - U) + 1)] / 2

    where

    • (i) “EP” is the scaled average employment to population ratio as provided by Statistics Canada to the Minister either

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    • (ii) “U” is the scaled average unemployment rate as provided by Statistics Canada to the Minister either

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    [...]

  • (b) Y is calculated in accordance with the formula

    [I + D + ((100 - T) + 1)] / 3

    where

    • (i) “I” is the total income for the district, as determined by the Minister based on the aggregate of total income declared on income tax returns for individuals bearing addresses within the district, as provided by the Department of National Revenue, divided by the population of the district as provided by Statistics Canada, averaged over the three most recent calendar years for which data is available,

    • (ii) “D” is the total income as determined under subparagraph (i) less

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      • (B) for districts in the Province of Quebec, the aggregate of total tax payable by individuals bearing addresses within the district as determined by the Minister based on data provided by the Department of National Revenue and the aggregate of provincial tax payable as estimated by the Minister,

      divided by the population of the district, as provided by Statistics Canada, averaged over the three most recent calendar years for which data is available,

    • (iii) “T” is the transfer payments for the district paid under the Unemployment Insurance Act, 1971, Old Age Security Act, Family Allowances Act, 1973, Canada Pension Plan and An Act respecting the Quebec Pension Plan, as reported on income tax returns for individuals bearing addresses within the district as provided by Statistics Canada, divided by total income as provided by Statistics Canada averaged over the three most recent calendar years for which data is available, and

  • (c) R is the average of the indices of fiscal capacity of the province in which the district is located for stipulated fiscal years,

    [...]

    • (i) an index of fiscal capacity of a province means the product of 100 times a fraction of which

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      • (B) the denominator is the aggregate, for each of the revenue sources included in the definition of revenue source in subsection 4(2) of the Federal-Provincial Fiscal Arrangements and Federal Post-Secondary Education and Health Contributions Act, 1977, of the amounts calculated in accordance with the formula

        (B10 × T) / P10

        where

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        • (V) “P₁₀” is the aggregate for all of the provinces of the population of a province for a fiscal year as defined in the Federal-Provincial Fiscal Arrangements and Established Programs Financing Regulations, 1977, and

2 In these Regulations,

control period

control period means a period of 24 months, or such longer period as the Minister may specify in writing, beginning with the commencement of commercial production; (période de contrôle)

manufacturing or processing operation

manufacturing or processing operation means an operation in which goods, products, commodities or wares are created, fabricated, refined or made more marketable and includes

[...]

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• (i) the production of energy unless it is produced as an integral part of the operation by which goods, products, commodities or wares are created, fabricated, refined or made more marketable and unless the energy produced is used solely in such operation,

repayable contribution

repayable contribution means a contribution that is repayable in whole or in part at such time and on fulfilment of such conditions as the Minister may stipulate; (contribution remboursable)

tax credit

tax credit means an investment tax credit as defined in subsection 127(9) of the Income Tax Act; (crédit d’impôt)

unemployment insurance beneficiaries to population ratio

unemployment insurance beneficiaries to population ratio means the ratio of

• (a) the number of recipients of unemployment insurance benefits, except for

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  • (ii) recipients receiving benefits as self-employed fishermen, and

  as provided by Statistics Canada on the basis of data supplied by the Canada Employment and Immigration Commission

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• (b) that portion of the population of the district that is from 15 to 64 years of age, as provided by Statistics Canada. (indice des bénéficiaires de prestations d’assurance-chômage à la population)

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• 53 (1) The Minister shall not acquire a stock option as a condition of a contribution unless the amount of the contribution is at least $500,000.

• (2) Where the Minister acquires a stock option as a condition of a contribution, the Minister may exercise or assign the stock option where the exercise or assignment is of benefit to Her Majesty.

• (3) Capital stock acquired by the Minister under a stock option may be sold by the Minister at such price and on such terms as will provide maximum benefit to Her Majesty.

• (4) Where the Minister receives an offer to purchase a stock option or capital stock acquired under a stock option and he finds the offer acceptable, he shall notify the person from whom the stock option or capital stock, as the case may be, was obtained and that person shall have the assignable right, during the seven business days following the day notice was given, to elect to purchase the stock option or the capital stock, as the case may be, at the price and on the terms and conditions, including the closing date, specified in the offer to purchase.

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• 37 (1) Subject to these Regulations, the Minister shall pay a contribution under section 16, 17, 19, 21 or 22.1 as follows:

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  • (c) prior to a day six months after the end of the control period, or such subsequent day as will allow the Minister reasonable time for processing, the Minister shall pay any outstanding amount of the contribution.

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• (4) Notwithstanding any other provision of this section, no payment shall be made by the Minister until the level of equity in the commercial operation, as specified by the Minister in subsection 49(1), has been provided to the satisfaction of the Minister.

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• 14 (1) The Minister’s contribution under this Part shall not exceed

  • (a) 33.3 per cent of the costs or eligible costs, as the case may be, of

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  • (b) 40 per cent of the costs or eligible costs, as the case may be, of

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  • (c) 50 per cent of the costs or eligible costs, as the case may be, of

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