Federal-Provincial Fiscal Arrangements Regulations, 2007

14 When calculating a fiscal equalization payment or a fiscal equalization amount under section 3.6 and 3.72 of the Act, respectively, the Minister shall use the population for each province as determined by the Chief Statistician of Canada and calculate the revenues to be equalized for each revenue source and the revenue bases for each revenue source for each province

• (a) for the fiscal year prior to that for which the calculation is performed, on the basis of the information set out in the certificate submitted in the fiscal year for which the calculation is performed; and

• (b) for the fiscal years that are two and three years prior to that for which the calculation is performed, on the basis of the information set out in the certificate submitted in the fiscal year preceding that for which the calculation is performed.