Federal-Provincial Fiscal Arrangements Regulations, 2007

16.1 If the Minister determines under section 3.6 of the Act that a fiscal equalization payment is to be made to a province for a fiscal year, the Minister shall

• (a) if the advances made on account of that payment are less than the payment, pay the difference to the province in six equal instalments, with an instalment being made on each of the first and third working days after the 15th calendar day of January, February and March of the fiscal year; or

• (b) if the advances made on account of that payment are greater than the payment, recover the difference as an overpayment.