Federal-Provincial Fiscal Arrangements Act — F-8 24.7
 fiscal year 2009–2010 (1.21) Despite subsection (1.2), the total equalized tax transfer applicable to a province for the fiscal year beginning on April 1, 2009 is (a) for Ontario, $5,531,594,000; (b) for Quebec, $3,007,447,000; (c) for Nova Scotia, $363,132,000; (d) for New Brunswick, $289,145,000; (e) for Manitoba, $468,518,000; (f) for British Columbia, $1,649,531,000; (g) for Prince Edward Island, $54,129,000; (h) for Saskatchewan, $302,432,000; (i) for Alberta, $2,129,928,000; (j) for Newfoundland and Labrador, $123,276,000; (k) for Yukon, $11,131,000; (l) for the Northwest Territories, $22,794,000; and (m) for Nunavut, $8,510,000. Total equalized tax transfer — fiscal year 2011-2012 and later (1.22) The total equalized tax transfer applicable to a province for each fiscal year beginning after March 31, 2011 is the aggregate of the total amount, as determined by the Minister, for that fiscal year represented by the federal income tax reduction in that province in respect of the Canada Health Transfer and the Canada Social Transfer for that fiscal year and (a) in the case of a province that receives an equalization payment for that fiscal year under Part I and in the case of Ontario, an amount equal to the lesser of (i) the equalization payment payable to that province for that fiscal year under Part I, and (ii) the amount equal to the product obtained by multiplying (A) the aggregate of the amounts obtained by subtracting, for each revenue source referred to in paragraphs (a) and (b) of the definition revenue source in subsection 3.9(1), the per capita yield of the federal income tax reduction for that province for that fiscal year from the per capita national yield of the federal income tax reduction for that fiscal year by (B) the population of that province for that fiscal year; or (b) in any other case, zero. Revenue sources (1.3) For the purposes of the calculation under subparagraph (1.2)(b)(ii) and paragraph (1.22)(a), the relevant revenue bases, per capita yield of the federal income tax reduction and per capita national yield of the federal income tax reduction are to be determined in the prescribed manner. Federal income tax reduction (2) For the purposes of subsections (1), (1.2) and (1.22), the amount represented by the federal income tax reduction in a province in respect of the Canada Health Transfer and the Canada Social Transfer for a fiscal year is an amount equal to the aggregate of (a) seventy-five per cent of the amount, as determined by the Minister, that would be derived from a tax, computed in accordance with the Income Tax Act , (i) on the incomes, other than incomes from businesses, of individuals resident in the province on the last day of the taxation year ending in the fiscal year, within the meaning of the Income Tax Act , (ii) on the incomes, other than incomes from businesses, earned in the province in the taxation year ending in the fiscal year by individuals not resident in Canada at any time during the taxation year, within the meaning of the Income Tax Act , and (iii) on the incomes from businesses earned in the province in the taxation year ending in the fiscal year by individuals, within the meaning of the Income Tax Act , equal to the product obtained by multiplying 13.5/(100-9.143) by the tax otherwise payable under this Part , within the meaning assigned by subsection 120(4) of the Income Tax Act , on those incomes, (b) twenty-five per cent of the amount, as determined by the Minister, that would be derived from a tax, computed in accordance with the Income Tax Act , (i) on the incomes, other than incomes from businesses, of individuals resident in the province on the last day of the taxation year beginning in the fiscal year, within the meaning of the Income Tax Act , (ii) on the incomes, other than incomes from businesses, earned in the province in the taxation year beginning in the fiscal year by individuals not resident in Canada at any time during the taxation year, within the