Equalization Overpayments Made to Certain Provinces under the Federal-Provincial Fiscal Arrangements Act, Order Respecting the Remission of

Link to law: http://laws-lois.justice.gc.ca/eng/regulations/SI-2004-41/FullText.html

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Order Respecting the Remission of Equalization Overpayments Made to Certain Provinces under the Federal-Provincial Fiscal Arrangements Act

SI/2004-41FINANCIAL ADMINISTRATION ACT
Registration 2004-04-21
Order Respecting the Remission of Equalization Overpayments Made to Certain Provinces under the Federal-Provincial Fiscal Arrangements Act
P.C. 2004-356  2004-03-30Her Excellency the Governor General in Council, considering that it is in the public interest to do so, on the recommendation of the Minister of Finance and the Treasury Board, pursuant to subsection 23(2.1)Footnote a of the Financial Administration Act, hereby makes the annexed Order Respecting the Remission of Equalization Overpayments Made to Certain Provinces under the Federal-Provincial Fiscal Arrangements Act.
Return to footnote aS.C. 1991, c. 24, s. 7(2)Remission

1 Remission is hereby granted to the province set out in column 1 of the Schedule for the amount set out in column 2 in respect of equalization overpayments made by the Government of Canada under the Federal-Provincial Fiscal Arrangements Act, for the fiscal years beginning April 1, 1993 and ending March 31, 2001, by reason of the overstatement of the amount of mutual fund trust capital gains refunds in the calculation of equalization payments.

SCHEDULE

Column 1
Column 2

Province
Amount

Quebec
$997,943,000

Nova Scotia
$137,598,000

New Brunswick
$111,053,000

British Columbia
$94,213,000

Prince Edward Island
$20,183,000

Saskatchewan
$117,208,000

Newfoundland and Labrador
$77,124,000