Federal-Provincial Fiscal Arrangements Regulations, 2007 — 8
s Canada on the basis of the North American Industry Classification System, of the total taxable paid-up capital employed in the province for the calendar year that ends in the fiscal year in respect of the corporations in each category that are owned less than 90% by Her Majesty and have more than $1,000,000 of total assets: (A) the agriculture, forestry, fishing and hunting sector, other than the crop production and the animal production and aquaculture subsectors, (B) the oil and gas extraction industry group and the coal mining industry group, (C) the mining and quarrying (except oil and gas) subsector, other than the coal mining industry group, (D) the utilities sector, (E) the construction sector, (F) the manufacturing sector, (G) the wholesale trade sector, (H) the retail trade sector, (I) the transportation and warehousing sector, (J) the information and cultural industries sector, (K) the real estate and rental and leasing sector, (L) the professional, scientific and technical services sector, (M) the administrative and support, waste management and remediation services sector, (N) the educational services sector, (O) the health care and social assistance sector, (P) the arts, entertainment and recreation sector, (Q) the accommodation and food services sector, (R) the other services (except public administration) sector, (S) the non-depository credit intermediation industry group, (T) the finance and insurance sector, excluding the non-depository credit intermediation, depository credit intermediation and insurance carriers industry groups, and (U) the depository credit intermediation industry group, excluding the local credit unions industry, as determined for each category by the formula (A × B × C) /At where A is the total assets, for the province for the calendar year, of those corporations in each category, as determined by the Industrial Organization and Finance Division of Statistics Canada, At is the total assets, for Canada for the calendar year, of those corporations in that category, as determined by the Industrial Organization and Finance Division of Statistics Canada, B is (I) in respect of the categories listed in clauses (A) to (T), the aggregate, over all provinces, of each province’s rate of capital tax that applies to non-financial institutions, multiplied by a fraction whose numerator is the total paid-up capital employed in that province by those corporations in those categories, and whose denominator is the aggregate, over all provinces, of those numerators, and (II) in respect of the category listed in clause (U), the aggregate, over all provinces, of each province’s rate of capital tax that applies to financial institutions, multiplied by a fraction whose numerator is the total equity employed in the province by those corporations in that category, and whose denominator is the aggregate, over all provinces, of those numerators, and C is (I) for each of the categories listed in clauses (A) to (T), the amount, in respect of those corporations in that category, as determined by the Industrial Organization and Finance Division of Statistics Canada on the basis of data for the calendar year, determined by the formula {1 - [(D + E + F + G + H) / (R + (I × (K - J)) / K)]} × {(L + M + N + P + Q) + [I × (K - J) / K]} where D is cash and deposits, E is investments and accounts with affiliated entities, F is portfolio investments, excluding Government of Canada treasury bills, G is mortgage or hypothecary loans to non-affiliated entities, H is non-mortgage or non-hypothecary loans to non-affiliated corporations, I is accumulated depreciation, J is capital cost allowance, K is book depreciation for Canada, L is the amount owing to affiliated entities, M is borrowing by non-affiliated entities, N is deferred income tax, P is other liabilities, including minority interests in consolidated subsidiaries, Q is total equity, and R is total assets for Canada, and (II) for the category listed in clause (U), the tot