Federal-Provincial Fiscal Arrangements Act — F-8 3.9
payroll taxes; (z) provincial and local government property taxes; (z.1) race track taxes; (z.2) revenues from lottery ticket sales; (z.3) revenues, other than those described in paragraphs (z.1) and (z.2), from games of chance; (z.4) miscellaneous provincial taxes and revenues, provincial revenues from sales of goods and services, local government revenues from sales of goods and services, and miscellaneous local government taxes and revenues; and (z.5) revenues of the Government of Canada from any of the following sources that are shared by Canada with a province: (i) Newfoundland and Labrador offshore revenues, (ii) Nova Scotia offshore revenues, and (iii) revenues from any other source referred to in this definition. ( source de revenu ) revenue to be equalized means, in respect of a revenue source for a province for a fiscal year, the revenue, as determined by the Minister, derived by that province for that fiscal year from that revenue source and may be defined more particularly by the regulations. ( revenu sujet à péréquation ) yield means, in respect of a province for a revenue source for a fiscal year, an amount equal to the product obtained by multiplying the national average rate of tax for that revenue source for that fiscal year by that province’s revenue base in respect of that revenue source for that fiscal year. ( rendement ) Deduction in computing revenue to be equalized (2) In computing the revenue to be equalized from personal incomes taxes — referred to in paragraph (a) of the definition revenue source in subsection (1) — for all the provinces for a fiscal year, the Minister may deduct from the amount that, but for this subsection, would be the revenue to be equalized from that revenue source for all the provinces for that fiscal year, the amount, as estimated by the Minister, by which the revenues derived by Canada under the Income Tax Act from personal income taxes for the taxation year ending in that fiscal year are less than the revenues that would have been derived by Canada under that Act from those taxes if no special abatement of those taxes had been provided under subsection 120(2) of that Act or Part VI of this Act. Municipal property taxes and miscellaneous revenues and taxes (3) For the purpose of determining the revenue to be equalized derived by a province for a fiscal year from the revenue sources referred to in paragraphs (a) and (b), the following are deemed to be revenues derived by that province for that fiscal year from those revenue sources: (a) in the case of the part of the revenue source referred to in paragraph (z) of the definition revenue source in subsection (1) that consists of local government property taxes, the aggregate of the revenue derived from that part of the revenue source by each municipality, board, commission or other local authority in that province that has power to levy property taxes for the financial year of each such local authority ending in that fiscal year; and (b) in the case of the part of the revenue source referred to in paragraph (z.4) of the definition revenue source in subsection (1) that consists of local government revenues from sales of goods and services and miscellaneous local government taxes and revenues, the aggregate of the revenue derived from that part of the revenue source by each municipality, board, commission or other local authority in that province that has power to derive those revenues for the financial year of each such local authority ending in that fiscal year. (4) to (7) [Repealed, 2013, c. 33, s. 119] 2007, c. 29, s. 62, c. 35, s. 164; SOR/2008-318, s. 1; 2013, c. 33, s. 119