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His Excellency the Governor General recommends to the House of
Commons the appropriation of public revenue under the circumstances,
in the manner and for the purposes set out in a measure entitled ``An Act
to amend the Federal-Provincial Fiscal Arrangements Act''.
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This enactment amends mainly Parts I and IV of the
Federal-Provincial Fiscal Arrangements Act. Those two Parts deal
with, respectively, fiscal equalization payments and provincial personal
income tax revenue guarantee payments, and currently provide for
federal payments to the provinces for each of the fiscal years in the
period from April 1, 1994 to March 31, 1999. This enactment will allow
those payments to be continued for each of the five fiscal years in the
period from April 1, 1999 to March 31, 2004.
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The enactment also amends Part I of the Act
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(a) to provide for the phasing-in of tax base changes over the period
from April 1, 1999 to March 31, 2004;
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(b) to adjust the definitions of ``revenue source'' and ``revenue to be
equalized''; and
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(c) to change the minimum and maximum payment provisions.
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The enactment also makes minor amendments of a technical or
housekeeping nature.
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