Federal-Provincial Fiscal Arrangements Act

Marginal note:Payments to territories

4.4 Subject to the provisions of this Part, the Minister may pay to a territory

• (a) for each fiscal year in the period beginning on April 1, 2001 and ending on March 31, 2005, a Formula Financing Grant and a Supplemental Formula Financing Grant not exceeding the amounts calculated in accordance with sections 4.7 to 4.9; and

• (b) for each fiscal year that begins after March 31, 2005, a territorial formula financing payment not exceeding the amount calculated in accordance with section 4.92.