Federal-Provincial Fiscal Arrangements Act

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

• 4.8 (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.