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Federal-Provincial Fiscal Arrangements Act

Version of section 3.71 from 2013-06-26 to 2024-03-06:


Marginal note:Additional fiscal equalization payment

  •  (1) An additional fiscal equalization payment for the period referred to in subsection (2) may be paid to Nova Scotia equal to the amount by which

    • (a) the aggregate of the following amounts:

      • (i) the aggregate of the fiscal equalization amounts computed under section 3.72 for that province for all fiscal years in the period, and

      • (ii) the aggregate of the amounts that would be paid to that province for all fiscal years in the period in accordance with sections 7 to 14 of the Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offset Payments Act as that Act read on April 1, 2007, computed as if the fiscal equalization payment for that province for each fiscal year in the period were equal to the fiscal equalization amount computed under section 3.72 for that province for that fiscal year

    is greater than

  • Marginal note:Definition of period

    (2) For the purpose of subsection (1), period means the period beginning on April 1, 2008 and ending on the earlier of

  • 2007, c. 35, s. 163
  • 2013, c. 33, s. 116

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