Federal-Provincial Fiscal Arrangements Act
Version of section 24.5 from 2007-06-22 to 2024-04-01:
Marginal note:Provincial share: fiscal year 2006-2007 and earlier
24.5 The cash contribution established under any of subparagraphs 24.4(1)(a)(i) to (iv) that may be provided to a province for the fiscal year mentioned in that subparagraph is the amount determined by the formula
F × (K/L) - M
where
- F
- is the total of the amounts established under subparagraphs 24.4(1)(a)(i) to (iv) and paragraph 24.4(1)(b) for the fiscal year;
- K
- is the population of the province for the fiscal year;
- L
- is the total of the population of all provinces for the fiscal year; and
- M
- is the amount obtained by multiplying the total equalized tax transfer for the province as determined in accordance with section 24.7 by the quotient, rounded to the nearest hundredth, that is obtained by dividing an amount equal to the cash contribution specified in subparagraph 24.4(1)(a)(i) by an amount equal to the aggregate of the cash contributions specified in subparagraphs 24.1(1)(a)(i) and 24.4(1)(a)(i).
- 2003, c. 15, s. 8
- 2007, c. 29, s. 69
- Date modified: