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Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offset Payments Act (S.C. 2005, c. 30, s. 85)

Act current to 2021-02-15 and last amended on 2015-06-19. Previous Versions

PART 2Additional Fiscal Equalization Offset Payments for Newfoundland and Labrador (continued)

Marginal note:Review of the Canada–Newfoundland and Labrador Arrangement

 On or before March 31, 2019, the Minister, on behalf of the Government of Canada, and the minister designated by the Province for the purpose will review the Canada–Newfoundland and Labrador Arrangement, in accordance with clause 8 of that Arrangement.

Marginal note:Discussions

 The Government of Canada shall enter into discussions with the Province if requested to do so by the Province under the terms of clause 9 of the Canada–Newfoundland and Labrador Arrangement.

Marginal note:Determination

 A determination, for any fiscal year, of the additional fiscal equalization offset payment for the Province and for any other calculation that is necessary to be made for the purposes of this Part shall be made by the Minister at the same time as the final computation of the amount, if any, of the fiscal equalization payment that is payable to the Province is made for that fiscal year under Part I of the Federal-Provincial Fiscal Arrangements Act.

PART 3General Provisions

Marginal note:Appropriation

 The amounts authorized to be paid under this Act shall be paid out of the Consolidated Revenue Fund by the Minister at the time and in the manner, subject to section 33, that the Minister considers appropriate.

Marginal note:Regulations

  •  (1) The Governor in Council may make regulations, on the recommendation of the Minister,

    • (a) prescribing the time and manner of making any payments under this Act;

    • (b) respecting the determination of the amount referred to in subsection 12(2);

    • (c) respecting the determination of any matter that under this Act is to be determined by the Minister; and

    • (d) prescribing anything that is required or authorized to be prescribed by this Act.

  • Marginal note:Approval of the minister designated by the Province

    (2) The Minister may recommend the making of a regulation under paragraph (1)(b) only after receipt by the Minister of the approval of the proposed regulation from the minister designated by the Province for that purpose.

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