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Federal-Provincial Fiscal Arrangements Regulations, 2007

Version of section 16.3 from 2008-12-12 to 2013-12-05:


 If the Minister determines under any of sections 3.2 to 3.4 and 3.6 of the Act that a fiscal equalization payment is to be made to a province for a fiscal year and the province makes an election under subsection 3.2(2) or 3.9(5) of the Act after the beginning of the fiscal year, the Minister shall make any necessary adjustment to the amount of the payment and shall either apportion it equally among the remaining instalments to be made to the province in the fiscal year or recover any overpayment.

  • SOR/2008-318, s. 12

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