Bill C-54
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RECOMMENDATION |
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Her 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 and the
Federal-Provincial Fiscal Arrangements Regulations, 1999''.
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SUMMARY |
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This enactment extends for an additional fiscal year the period
during which an equalization payment may be made under section 3 of
the Federal-Provincial Fiscal Arrangements Act.
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EXPLANATORY NOTES |
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Federal-Provincial Fiscal Arrangements Act |
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Clause 1: Section 3 reads as follows:
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3. Subject to this Act, the Minister may pay to a province for each
fiscal year in the period beginning on April 1, 1999 and ending on
March 31, 2004 a fiscal equalization payment not exceeding the amount
computed in accordance with section 4.
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Clause 2: The relevant portion of subsection 4(6)
reads as follows:
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(6) Notwithstanding subsections (1) to (5) but subject to subsection
(9), the fiscal equalization payment that may be paid to a province in
respect of each fiscal year in the period beginning on April 1, 1999 and
ending on March 31, 2004, if the province received a fiscal equalization
payment in respect of the immediately preceding fiscal year, shall not
be less than the greater of
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Federal-Provincial Fiscal Arrangements Regulations, 1999 |
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Clause 3: The definition ``fiscal arrangements
period'' in subsection 1(1) reads as follows:
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``fiscal arrangements period'' means the period beginning on April 1,
1999 and ending on March 31, 2004. (période des accords fiscaux)
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