Federal-Provincial Fiscal Arrangements Regulations, 2007

14.2 (1) In the case of the fiscal year that begins on April 1, 2009, if any of the information referred to in paragraph 13(a) is incorrect or is not available, the Minister shall

• (a) if that information is required to determine the revenue to be equalized from a revenue source for a fiscal year, estimate that revenue on the basis of any information that is available to the Minister at the time of the calculation; and

• (b) if that information is required to calculate a revenue base for a fiscal year, estimate that revenue base, by substituting in the calculation of the base the information for the latest fiscal year or calendar year, as the case may be, that is prior to the fiscal year and for which information for the revenue base is available to the Minister.

(2) If any information that is required to make a calculation or estimate referred to in paragraph 13(b) or sections 14 and 14.1 is incorrect or is not set out in the applicable certificate the Minister shall

• (a) if that information is required to determine the revenue to be equalized from a revenue source for a fiscal year, estimate that revenue on the basis of any information that is available to the Minister at the time of the calculation; and

• (b) if that information is required to calculate a revenue base for a fiscal year, estimate that revenue base, by substituting in the calculation of the base the information for the latest fiscal year or calendar year, as the case may be, that is prior to the fiscal year and for which information for the revenue base is set out in the certificate.

(3) If the Minister makes an estimate under paragraph (1)(b) or 2(b) of a revenue base referred to in paragraph 5(a) or (c) or any of paragraphs 8(1)(a), (d) to (f), (h), (j), (k), (z.2) and (z.3), the revenue base shall be replaced by the product of the estimate and a fraction

• (a) whose numerator is one plus a fraction whose numerator is the province’s percentage of the population of all 10 provinces for the fiscal year and whose denominator is that percentage for the prior fiscal year for which information for the revenue base is either set out in the certificate or otherwise available to the Minister; and

• (b) whose denominator is two.

(4) If a revenue base for a fiscal year is estimated, in accordance with paragraph (1)(b) or 2(b), or replaced, in accordance with subsection (3), on the basis of information from an earlier fiscal year, the Minister may adjust that revenue base to take into account economic factors or trends that could change the provincial share of that revenue base between that earlier fiscal year and the fiscal year.

(5) If any of the information that is required to calculate a revenue base for a fiscal year is incorrect in the certificate, or is not set out in it, or is not otherwise available, as the case may be, and the Minister is unable to estimate, in accordance with paragraph (1)(b) or 2(b), or replace, in accordance with subsection (3), the revenue base the Minister shall, after consulting with Statistics Canada, estimate that revenue base on the basis of any information that is available to the Minister.

(6) If an aggregate of the revenues of two or more revenue sources is provided on a certificate under paragraph 12(3)(c), the Minister shall determine the portion of the aggregate that is to apply to each of those revenue sources.