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Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offset Payments Act

Version of section 8 from 2015-06-19 to 2024-05-01:


Marginal note:Calculation of payments

 The additional fiscal equalization offset payment that shall be made to the Province for a fiscal year corresponds to the amount determined by the Minister in accordance with the formula

A – B

where

A
is the fiscal equalization payment that may be made to the Province for the fiscal year under the equalization formula in effect at that time, calculated as if the Province did not have any offshore revenue or petroleum production; and
B
is the fiscal equalization payment that may be made to the Province for that fiscal year under the equalization formula in effect at that time.
  • 2005, c. 30, s. 85 “8”
  • 2015, c. 4, s. 111

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