Broadcasting Distribution Regulations

44.2 If, as a result of the calculations performed under subsection 44.1(1), a contribution made by a licensee for a broadcast year is greater than the amount required under section 44, the licensee may deduct the excess from the amount of that contribution that is required for the subsequent broadcast year; however, if it is less than the amount required, the licensee shall make the balance of the contribution by December 31 of the subsequent broadcast year.