Federal-Provincial Fiscal Arrangements Regulations, 2007

14.1 (1) For each fiscal year, the Minister shall, in December of the preceding fiscal year, make the following estimates of payments and amounts:

• (a) an estimate of the fiscal equalization payment that may be paid under section 3.6 of the Act, for the purpose of calculating an advance on that payment; and

• (b) an estimate of the fiscal equalization amount to be computed under section 3.72 of the Act.

(2) The Minister shall make the estimates on the basis of the information set out in the certificate submitted in the fiscal year preceding the fiscal year for which the payment or amount is calculated.

(3) The Minister shall inform the province’s Minister of Finance of the estimate referred to in paragraph (1)(b) on or before December 31 of the fiscal year preceding that for which the estimates are made.