Payments to the Provinces Regulations (SOR/2007-252)

Marginal note:Definitions

1 The following definitions apply in these Regulations.

Act

Act means the Softwood Lumber Products Export Charge Act, 2006. (Loi)

non-excluded provinces

non-excluded provinces means Ontario, Quebec, Manitoba, British Columbia, Saskatchewan and Alberta. (provinces non exclues)

Marginal note:Application

2 These Regulations apply in respect of the amount of the payments to be made to the provinces by the Minister of National Revenue under section 99 of the Act.

Marginal note:First calculation

• 3 (1) The first calculation of an amount of a payment is for the period beginning on October 12, 2006 and ending on September 30, 2007.

• Marginal note:Later calculations

  (2) Later calculations are to be made in respect of calendar quarters.

• Marginal note:Reconciliation

  (3) Except for the final reconciliation, a reconciliation of the amounts used in calculations is to be made annually.

Marginal note:Revenue

4 The amount of revenue to be attributed to a province is the revenue derived from the charge imposed under section 10 or 15 of the Act on softwood lumber products originating from that province.

Marginal note:Costs

• 5 (1) The amount of the costs referred to in paragraphs 99(1)(a) and (b) of the Act to be attributed to a non-excluded province for a period is determined by the formula

  A × (B/C)

  where

  A

  is the costs that the Minister becomes aware of during the period;

  B

  is the volume in board feet of softwood lumber products exported from the non-excluded province to the United States during the period under export permits;

  C

  is the volume in board feet of softwood lumber products exported from all of the non-excluded provinces to the United States during the period under export permits.

• Marginal note:Exception

  (2) In the case of the costs referred to in paragraph 99(1)(b) of the Act, the formula applies unless the Minister determines otherwise under section 99 of the Act.

Marginal note:Coming into force

6 These Regulations come into force on the day on which they are registered.