Federal-Provincial Fiscal Arrangements Regulations, 2007

29 When calculating a territorial formula financing payment for a fiscal year under section 4.1 of the Act, the Minister shall use

• (a) the information set out in the certificate that is submitted in the fiscal year preceding that for which the calculation is performed; and

• (b) in the case of information that is not required to be set out in the certificate, the most recent data from the information source identified in these Regulations that is available as of December 1 of the fiscal year preceding that for which the calculation is performed.