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Federal-Provincial Fiscal Arrangements Act

Version of section 4.8 from 2005-03-10 to 2007-06-21:


Marginal note:Basic Formula Financing Grant for fiscal year 2004-2005

  •  (1) Subject to subsection (2), for the fiscal year beginning on April 1, 2004, the Minister may pay a Formula Financing Grant

    • (a) to Yukon, in the amount of $465,707,930;

    • (b) to the Northwest Territories, in the amount of $678,442,202; and

    • (c) to Nunavut, in the amount of $755,849,868.

  • Marginal note:Reduction

    (2) The amount referred to in subsection (1) in respect of a territory shall be reduced by the amount of the Formula Financing Grant paid to the territory for the fiscal year beginning on April 1, 2004 pursuant to

    • (a) item 15 for the Department of Finance set forth in the Main Estimates for that fiscal year, as laid before the House of Commons during the thirty-seventh Parliament and as enacted by paragraph (2)(a) of Appropriation Act No. 1, 2004-2005, chapter 8 of the Statutes of Canada, 2004; and

    • (b) any item for the Department of Finance set forth in the supplementary estimates for that fiscal year, as laid before the House of Commons during the thirty-eighth Parliament and as enacted by any other appropriation Act.

  • 2005, c. 7, s. 1
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