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Federal-Provincial Fiscal Arrangements Regulations, 2007

Version of section 31 from 2007-12-13 to 2013-12-05:


 If the Minister determines that a territorial formula financing payment is to be made under the Act to a territory for a fiscal year, other than a payment under subsection 4.1(2) of the Act, the Minister shall

  • (a) on the first working day in each of the first two months of the fiscal year, pay the territory 16% of the payment; and

  • (b) on the first working day of each following month, pay the territory 10% of the remaining amount of the payment.


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