Federal-Provincial Fiscal Arrangements Act — F-8 24.1
Amount 24.1 (1) The Canada Health Transfer is to consist of (a) a cash contribution equal to (i) $12.65 billion for the fiscal year beginning on April 1, 2004, (ii) $1 billion for the fiscal year beginning on April 1, 2004, (iii) $19 billion for the fiscal year beginning on April 1, 2005, (iv) the product obtained by multiplying the cash contribution for the immediately preceding year by 1.06, rounded to the nearest thousand, for each fiscal year in the period beginning on April 1, 2006 and ending on March 31, 2017, (v) for each fiscal year beginning after March 31, 2017, the product, rounded to the nearest thousand, obtained by multiplying the cash contribution determined under this subparagraph for the immediately preceding fiscal year by the greater of 1.03 and the amount determined by the formula (1 + A) where A is the average of the annual rates of growth of the nominal gross domestic product of Canada for the calendar year that ends during the fiscal year in question and for the two previous calendar years, as determined by the Minister not later than three months before the beginning of that fiscal year, (vi) for each fiscal year in the period beginning on April 1, 2024, and ending on March 31, 2028, in respect of a qualifying province, the product, rounded to the nearest thousand, that is greater than zero, or zero in any other case, determined by the formula (1.05 × (A + B)) − C where A is the cash contribution determined under subparagraph (v) for the immediately preceding fiscal year, B is the cash contribution determined under this subparagraph, if any, for the immediately preceding fiscal year, and C is the cash contribution determined under subparagraph (v) for the current fiscal year, (vii) for the fiscal year beginning on April 1, 2028, in respect of a qualifying province, the product, rounded to the nearest thousand, determined by multiplying the cash contribution most recently determined under subparagraph (vi) that is greater than zero, or zero in any other case, by the greater of 1.03 and the amount determined by the formula 1 + A where A is the average of the annual rates of growth of the nominal gross domestic product of Canada for the calendar year that ends during the fiscal year in question and for the two previous calendar years, as determined by the Minister not later than three months before the beginning of that fiscal year, and (viii) for each fiscal year that begins after March 31, 2029, in respect of a qualifying province, the product, rounded to the nearest thousand, determined by the formula (A + B) × C where A is the cash contribution determined under subparagraph (vii) for the immediately preceding fiscal year that is greater than zero, or zero in any other case, B is the cash contribution determined under this subparagraph for the immediately preceding fiscal year that is greater than zero, or zero in any other case, and C is the greater of 1.03 and the amount determined by the formula 1 + D where D is the average of the annual rates of growth of the nominal gross domestic product of Canada for the calendar year that ends during the fiscal year in question and for the two previous calendar years, as determined by the Minister not later than three months before the beginning of that fiscal year; and (b) the portion of the total equalized tax transfer for all provinces that is determined by multiplying the total equalized tax transfer for all provinces by the quotient, rounded to the nearest hundredth, that is obtained by dividing an amount equal to the cash contribution specified in subparagraph (a)(i) by an amount equal to the aggregate of the cash contributions specified in subparagraphs (a)(i) and 24.4(1)(a)(i). Meaning of qualifying province (1.1) For the purpose of this Part, a province is a qualifying province if the federal Minister of Health has confirmed in writing to the Minister before December 1, 2024 that the province has taken steps to implement certain measures respecting the