Federal-Provincial Fiscal Arrangements Regulations, 2007

29 The Minister shall calculate a territorial formula financing payment that may be paid to a territory under subsection 4.1(1) of the Act on the basis of

• (a) in the case of a payment for the fiscal year that begins on April 1, 2008, the information referred to in subsection 28(3) for each of the fiscal years or calendar years set out in paragraph 28(2)(b); and

• (b) in the case of a payment for any other fiscal year, the information set out in the certificate submitted in the preceding fiscal year.