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Crown Share Adjustment Payments Regulations (SOR/2012-113)

Regulations are current to 2024-05-28

Fiscal Incentives and other Benefits (continued)

 If the aggregate amount of fiscal incentives and other benefits for a project for a fiscal year is greater than the Crown share adjustment payment for the project for the year, the difference shall be included in the aggregate amount of fiscal incentives and other benefits for the following fiscal year.

Delay of Crown Share Adjustment Payment

 If the information referred to in subsection 5(1) or (2) is provided after June 30, the Crown share adjustment payment may be made after the deadline set out in subsection 247(4) of the Act.

Recovery of Overpayment

 The amount of any overpayment made for a fiscal year shall be subtracted from the Crown share adjustment payment for subsequent fiscal years until all of the overpayment has been recovered.

Payment of Underpayment

 If the Federal Minister determines that there has been an underpayment of any Crown share adjustment payment for a fiscal year, the amount of the underpayment shall be added to the Crown share adjustment payment for the fiscal year following the determination.

Coming into Force

 These Regulations come into force on the day on which they are registered.

 

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