Federal-Provincial Fiscal Arrangements Regulations, 2007 — 8
0 provinces, and (II) whose denominator is the aggregate, over the 10 provinces, of the product of the provincial rate of the insurance premium tax that applies to property insurance and another fraction whose numerator is the amount, for the province, referred to in subparagraph (i) and whose denominator is the sum of those numerators for each of the 10 provinces; (y) in the case of payroll taxes described in paragraph 7(1)(y), the amount determined by the formula {A × [(W1 × P1) + (W2 × P2) + (W3 × P3) + (W4 × P4)] / (W × P)}+ M where A is the total wages and salaries excluding supplementary labour income, as determined by Statistics Canada for the purpose of its System of Macroeconomic Accounts, paid in the province in the calendar year that ends in the fiscal year, other than the wages and salaries paid by (i) the federal general government sector to employees in the defence industry, and (ii) the provincial and territorial general government sector and the local general government sector to their employees, W is the aggregate revenue derived from payroll taxes by all provinces that levy those taxes for the fiscal year, W1, W2, W3 and W4 are the revenues derived from payroll taxes for the fiscal year by (i) Quebec, in the case of W1, (ii) Newfoundland and Labrador, in the case of W2, (iii) Ontario, in the case of W3, and (iv) Manitoba, in the case of W4, P is the gross dollar value, before deductions, of the payrolls of all employers in the province for the calendar year that ends in the fiscal year, as determined by Statistics Canada on the basis of its Survey of Employment, Payrolls and Hours , other than the payrolls of (i) employers not included in that survey, and (ii) employers in the following industry classifications, as defined by the North American Industry Classification System: (A) the elementary and secondary schools industry group, (B) the hospitals subsector, (C) the nursing and residential care facilities subsector, (D) the provincial and territorial public administration subsector, and (E) the local, municipal and regional public administration subsector, P1, P2, P3 and P4 are equal to the amount determined for P minus an amount that is the aggregate of the payrolls of all employers in the province whose payrolls are below a threshold dollar amount and minus an amount that is the product of the threshold dollar amount and the number of employers whose payrolls are above the threshold dollar amount, with the threshold dollar amount being the statutory amount of an employer’s payroll that is exempt from provincial payroll tax as of June 1 of the fiscal year (i) in Quebec, in the case of P1, (ii) in Newfoundland and Labrador, in the case of P2, (iii) in Ontario, in the case of P3, and (iv) in Manitoba, in the case of P4, and M is military pay and allowances, excluding supplementary labour income, paid in the province in the calendar year that ends in the fiscal year, as determined by Statistics Canada for the purpose of its System of Macroeconomic Accounts; (z) in the case of provincial and local government property taxes, described in paragraph 7(1)(z), the weighted sum of four sub-bases, determined by the formula (B1 × 0.288) + (B2 × 0.406) + (B3 × 0.018) + (B4 × 0.288) where B1 is the market value residential sub-base, determined by the formula {[(V × 1/V1) × Q] + [(P × 1/P1) × (1 - Q)]} × 1/R where V is the assessed market value of residential property in the province for the calendar year that ends in the fiscal year, V1 is the aggregate, over all provinces, of the amounts determined for V, Q is 0.5 for British Columbia and 0.7 for all other provinces, P is the population of the province for the fiscal year, as determined in accordance with section 11, P1 is the aggregate, over all provinces, of the amounts determined for P, and R is the aggregate, over all provinces, of the amount determined for each province by the formula [(V × 1/V1) × Q] + [(P × 1/P1) × (1 - Q)] where V, V1, Q, P and P1 are the amoun