Canada–Newfoundland and Labrador Atlantic Accord Implementation Act

Definition of average

220.1 For the purposes of section 220, average, except within the expression “national average per capita fiscal capacity”, means a weighted average where the most recent fiscal year that is taken into account in the calculation of the fiscal equalization payment shall be weighted at 50% and each of the other two fiscal years that are taken into account in the calculation of the fiscal equalization payment shall be weighted at 25%.