Federal-Provincial Fiscal Arrangements Regulations, 2007

(A + B) - (C + D)

where

A

is the aggregate of the fiscal equalization amounts calculated under section 3.72 of the Act for the province for each fiscal year in the period up to and including the fiscal year for which the advance is calculated;

B

is the aggregate of the additional fiscal equalization offset payments and transitional payments that would be paid to the province, for each fiscal year in the period up to and including the fiscal year for which the advance is calculated, under the Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offset Payments Act if those payments were calculated

• (i) in accordance with that Act as it read on April 1, 2007, and

• (ii) as if the fiscal equalization payment for the province, for each of those fiscal years, were equal to the fiscal equalization amount calculated under section 3.72 of the Act;

C

is the aggregate of the fiscal equalization payments that may be paid to the province under sections 3.2 and 3.4 of the Act for each fiscal year in the period up to and including the fiscal year for which the advance is calculated; and

D

is the aggregate of the additional fiscal equalization offset payments and transitional payments that are paid to the province under the Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offset Payments Act for each fiscal year in the period up to and including the fiscal year for which the advance is calculated.