Provincial Subsidies Act (R.S.C., 1985, c. P-26)

Marginal note:Allowances to provinces in relation to amount of debt

• 5 (1) In the accounts between the Provinces of Ontario, Quebec, Nova Scotia, New Brunswick and British Columbia, respectively, and Canada, the amounts payable to and chargeable against those Provinces respectively, in so far as they depend on the amount of debt with which each province entered the Union, shall be calculated and allowed as if

  • (a) in the case of the Provinces of Ontario and Quebec respectively, the sum fixed by section 112 of the Constitution Act, 1867 was increased from sixty-two million five hundred thousand dollars to seventy-three million six hundred and eighty-eight dollars and eighty-four cents;

  • (b) in the case of the Province of Nova Scotia, the amount fixed by section 114 of that Act was increased in the same proportion;

  • (c) in the case of the Province of New Brunswick, the amount fixed by section 115 of that Act was increased in the same proportion; and

  • (d) in the case of the Province of British Columbia, the amount on which it was to receive interest fixed by or under the terms and conditions on which the Province was admitted into Canada was increased in the same proportion.

• Marginal note:As to Nova Scotia

  (2) The increased subsidy to be allowed to the Province of Nova Scotia under this section shall be based on the sum of nine million one hundred and eighty-six thousand seven hundred and fifty-six dollars, as if that sum had been mentioned in section 114 of the Constitution Act, 1867, instead of the sum of eight million dollars.