Federal-Provincial Fiscal Arrangements Regulations, 2007

31 If the Minister determines that a territorial formula financing payment is to be made under the Act to a territory for a fiscal year, 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.