Federal-Provincial Fiscal Arrangements Regulations, 2007 — 8
ome 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 total equity employed in the province in that calendar year by all corporations in that category, (ii) the taxable paid-up capital employed in the province for the calendar year that ends in the fiscal year in respect of all corporations in the categories referred to in subparagraph (i) that are owned 90% or more by Her Majesty and have more than $1,000,000 of total assets, as determined by the formula (AA × CC) /AAt where AA is the total assets, for the province for the calendar year, of those corporations, as determined by the Industrial Organization and Finance Division of Statistics Canada, AAt is the total assets, for Canada for the calendar year, of all corporations in the categories referred to in subparagraph (i) that have more than $1,000,000 of total assets, other than those referred to in AA, as determined by the Industrial Organization and Finance Division of Statistics Canada, and CC is 32% of the aggregate, over all the categories referred to in subparagraph (i), of the product of B and C for each category in that subparagraph, and (iii) the product of (A) the sum of the amount of the outstanding, provincially guaranteed debt of electric utilities owned by the province and all outstanding amounts advanced by the province to those electric utilities, as of the end of the taxation year of each electric utility ending in the previous fiscal year, as determined by the Minister on the basis of the public accounts of the province and other relevant information, and (B) a fraction (I) whose numerator is the quotient that results from dividing the total revenues derived for the fiscal year for all provinces from the taxes, levies and fees described in subparagraph 7(1)(c)(ii), as determined by the Minister, by the aggregate, over all provinces, of the sums referred to in clause (A) for that fiscal year, and (II) whose denominator is the quotient that results from dividing the total revenues derived for the fiscal year for all provinces from the taxes described in subparagraph 7(1)(c)(i), as determined by the Minister, by the aggregate, over all provinces, of the amounts determined under subparagraphs (i) and (ii) for the fiscal year; (d) in the case of general and miscellaneous sales taxes, harmonized sales taxes and amusement taxes, as described in paragraph 7(1)(d), the amount determined on the basis of data provided by Statistics Canada for the calendar year that ends in the fiscal year by the formula A + B + C + D + E + F + G + H + I + J where A is the aggregate, over all household final consumption expenditure categories, of the household final consumption expenditures in the province for each category multiplied by a fraction whose numerator is the total of those expenditures in all provinces for that category from which general provincial sales tax revenues are derived and whose denominator is the total household final consumption expenditures in all provinces for that category, B is the aggregate, over all housing expenditure categories, of the housing expenditures in the province for each category multiplied by a fraction whose numerator is the total of those expenditures in all provinces for that category from which general provincial sales tax revenues are derived and whose denominator is the total housing expenditures in all provinces for that category, C is the capital expenditures for machinery and equipment in the province by the business sector multiplied by a fraction whose numerator is the total of those expenditures in all provinces by that sector from which general provincial sales tax revenues are derived and whose denominator is the total capital expenditures for machinery and equipment in all provinces by that sector, D is the capital expenditures for non-residential structures in the province by the busi