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Federal-Provincial Fiscal Arrangements Act (R.S.C. 1970, c. F-6)

Act current to 2021-02-15

PART IEqualization, Stabilization and Succession Duty Payments (continued)

Provincial Revenue Equalization Payments (continued)

Marginal note:Guaranteed equalization

  •  (1) The guaranteed equalization applicable to a province referred to in paragraph 7(b) for a fiscal year is an amount equal to the aggregate of

    • (a) the amounts payable to the province under subsections 3(1) and (2) of the former Act in respect of the fiscal year commencing on the 1st day of April 1966,

    • (b) in the case of the Provinces of Nova Scotia, New Brunswick and Newfoundland, the amount of ten and one-half million dollars each, and

    • (c) in the case of the Province of Prince Edward Island, the amount of three and one-half million dollars.

  • Marginal note:Saskatchewan transitional payments

    (2) The guaranteed equalization applicable to the Province of Saskatchewan for a fiscal year is an amount, as determined by the Minister, equal to the product obtained by multiplying the amount payable to the Province of Saskatchewan under subsection 3(1) of the former Act in respect of the fiscal year commencing on the 1st day of April 1966, by the following fraction:

    • (a) in respect of the fiscal year commencing on April 1, 1967, four-fifths;

    • (b) in respect of the fiscal year commencing on April 1, 1968, three-fifths;

    • (c) in respect of the fiscal year commencing on April 1, 1969, two-fifths; and

    • (d) in respect of the fiscal year commencing on April 1, 1970, one-fifth.

  • 1966-67, c. 89, s. 9

Provincial Revenue Stabilization Payments

Marginal note:Provincial revenue stabilization payments

  •  (1) The provincial revenue stabilization payment that may be paid to a province for a fiscal year is the amount, as determined by the Minister, by which

    • (a) ninety-five per cent of the net general revenue of the province for the immediately preceding fiscal year

    exceeds

    • (b) the adjusted current net general revenue of the province for the fiscal year.

  • Marginal note:Definitions

    (2) In this section

    adjusted current net general revenue

    adjusted current net general revenue, as applied to a province for a fiscal year, means the net general revenue for the fiscal year adjusted in prescribed manner on the basis of the revenue rates and revenue structure of the province in effect for the immediately preceding year; (revenu général net courant ajusté)

    net general revenue

    net general revenue, as applied to a province for a fiscal year, means the net general revenue for the fiscal year as shown in the table “Net General Revenue for Fiscal Year” in the publication of the Dominion Bureau of Statistics entitled “Provincial Government Finance, Revenue and Expenditure”, altered in prescribed manner to reflect

    • (a) the average revenue of the province from the revenue source described in paragraph (c) of the definition revenue source in subsection 8(2) for that and the two immediately preceding fiscal years, and

    • (b) the average revenue of the province from the revenue source described in paragraph (k) of the definition revenue source in subsection 8(2) for that and the four immediately preceding fiscal years,

    and minus any amount deductible under subsection 8(3) in determining the revenue of the province for the fiscal year from the revenue source referred to in that subsection. (revenu général net)

  • Marginal note:Application to be made

    (3) A provincial revenue stabilization payment may be paid to a province in respect of a fiscal year only upon receipt by the Minister, not later than eighteen months after the end of the fiscal year, of an application by the province therefor containing such information as may be prescribed.

  • 1966-67, c. 89, s. 10

PART IIPost-Secondary Education Adjustment Payments

Marginal note:Definitions

  •  (1) In this Part

    adjustment payment

    adjustment payment means a post-secondary education adjustment payment referred to in section 12; (paiement de rajustement)

    educational institution

    educational institution means an institution of learning that offers courses at a post-secondary level; (établissement d’enseignement)

    federal revenue abatement relating to post-secondary education

    federal revenue abatement relating to post-secondary education applicable to a province for a fiscal year has the meaning given to that expression by section 15; (abattement du revenu fédéral relatif à l’enseignement post-secondaire)

    junior matriculation

    junior matriculation, in respect of a province, has the meaning given to that expression by regulation; (immatriculation junior)

    operating expenditures

    operating expenditures for post-secondary education in a province in a fiscal year has the meaning given to that expression by section 14; (frais de fonctionnement)

    post-secondary education

    post-secondary education, in respect of a province, means every course of studies in the province that

    • (a) requires for admission the attainment of a level not lower than that of junior matriculation in the province,

    • (b) is of not less than twenty-four weeks duration, and

    • (c) has been certified as a course of studies at a post-secondary level by such person or persons as may be designated by the Lieutenant Governor in Council of the province for such purpose; (enseignement post-secondaire)

    post-secondary level

    post-secondary level has the meaning given to that expression by regulation. (niveau post-secondaire)

  • Marginal note:Determination of population and financial year

    (2) For the purposes of this Part

    • (a) the population of a province for a calendar year is the population on the 1st day of June in that year as estimated by the Dominion Statistician; and

    • (b) a financial year of an educational institution is related to a fiscal year if more than one-half of the total number of days in the financial year fall within the fiscal year.

  • 1966-67, c. 89, s. 11

Marginal note:Post-secondary education adjustment payments

 Subject to this Act, the Secretary of State of Canada may, for each fiscal year in the period commencing on the 1st day of April 1967 and ending on the 31st day of March 1972, authorize the payment to a province of a post-secondary education adjustment payment not exceeding the amount computed in accordance with section 13.

  • 1966-67, c. 89, s. 12

Marginal note:Adjustment payments for 1967

  •  (1) The adjustment payment that may be paid to a province for the fiscal year commencing on the 1st day of April 1967 is an amount equal to

    • (a) the greater of

      • (i) an amount, as determined by the Secretary of State of Canada, equal to fifty per cent of the operating expenditures for post-secondary education in the province in the fiscal year, and

      • (ii) the product obtained by multiplying $15 by the population of the province for the 1967 calendar year,

    minus

    • (b) the aggregate of

      • (i) the federal revenue abatement relating to post-secondary education applicable to the province for the fiscal year,

      • (ii) in the case of a province described in paragraph 7(b) or (c), the lesser of

        • (A) the portion, as determined in prescribed manner, of the provincial revenue equalization payment payable to the province for the fiscal year that is attributable to the federal revenue abatement relating to post-secondary education applicable to the province for the fiscal year, and

        • (B) the amount, if any, by which the general equalization applicable to the province for the fiscal year, computed in accordance with section 8, exceeds the guaranteed equalization applicable to the province for the fiscal year, computed in accordance with subsection 9(1) or (2), as the case may be, and

      • (iii) in the case of any other province, the portion, as determined in prescribed manner, of the provincial revenue equalization payment payable to the province for the fiscal year that is attributable to the federal revenue abatement relating to post-secondary education applicable to the province for the fiscal year.

  • Marginal note:Adjustment payments after 1967

    (2) Subject to subsection (3), the adjustment payment that may be paid to a province for a fiscal year commencing after the 1st day of April 1967 is an amount equal to

    • (a) in the case of a province in respect of which the amount determined under subparagraph (1)(a)(i) is greater than the amount determined under subparagraph (1)(a)(ii), the amount, as determined by the Secretary of State of Canada, that is equal to fifty per cent of the operating expenditures for post-secondary education in the province in the fiscal year;

    • (b) in the case of any other province, the product obtained by multiplying

      • (i) the amount determined for the immediately preceding fiscal year under paragraph (1)(a) if such year commenced on the 1st day of April 1967, or under this paragraph if such year commenced after the 1st day of April 1967,

      by

      • (ii) the quotient derived by dividing

        • (A) the aggregate of the amounts, as determined by the Secretary of State of Canada, of the operating expenditures for post-secondary education in all of the provinces in the fiscal year,

        by

        • (B) the aggregate of the amounts, as determined by the Secretary of State of Canada, of the operating expenditures for post-secondary education in all of the provinces in the immediately preceding fiscal year,

    minus

    • (c) the aggregate of

      • (i) the federal revenue abatement relating to post-secondary education applicable to the province for the fiscal year,

      • (ii) in the case of a province described in paragraph 7(b) or (c), the lesser of

        • (A) the portion determined in the manner described in clause (1)(b)(ii)(A) for the fiscal year, and

        • (B) the amount, if any, determined in the manner described in clause (1)(b)(ii)(B) for the fiscal year, and

      • (iii) in the case of any other province, the amount determined in the manner described in subparagraph (1)(b)(iii) for the fiscal year.

  • Marginal note:Alteration of adjustment payments

    (3) Where the adjustment payment that may be paid to a province, other than a province described in paragraph (2)(a), for a fiscal year commencing after the 1st day of April 1967 is less than

    • (a) the amount, as determined by the Secretary of State of Canada, equal to fifty per cent of the operating expenditures for post-secondary education in the province in the fiscal year

    minus

    • (b) the aggregate determined in the manner described in paragraph (2)(c) for the fiscal year,

    the adjustment payment that may be paid to the province for the fiscal year shall be an amount equal to the amount referred to in paragraph (a) minus the aggregate referred to in paragraph (b), and in computing the adjustment payment that may be paid to the province for any subsequent fiscal year the province shall be deemed to be a province described in paragraph (2)(a).

  • 1966-67, c. 89, s. 13
 
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