Finance committee  Thank you. Clause 202 amends the Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offset Payments Act to authorize the Minister of Finance to make an additional fiscal equalization offset payment to Nova Scotia of $85.6 million for the 2020-21 fiscal yea

Finance committee  I don't know the details of it but I think the gist is that, yes, it's not producing anymore.

Finance committee  That's correct. I would add, to your other question, that equalization works with a two-year lag and a three-year moving average. The money received in 2018 will continue to impact equalization payments until 2022-23.

Finance committee  For this I would like to invite my colleague Omar Rajabali to speak.

Finance committee  These are the other changes I mentioned from clause 194, such as having tax point transfers eligible for fiscal stabilization and changing the measure of personal and corporate income tax revenues so that it would be based on assessments completed in the fall of a calendar year r

Finance committee  This clause amends the Federal-Provincial Fiscal Arrangements Act to specify that the Minister of Finance may make an additional cash payment equivalent to $4 billion to the provinces and territories through the Canada health transfer. It would be allocated on an equal per capita

Finance committee  Yes. This would work out to about $170 per capita for 2020-21.

Finance committee  Of course, nobody has applied, and we don't have actual revenue declines for any province at this time. Nobody has applied yet for 2020-21.

Finance committee  Yes. This clause would allow the Governor in Council to make regulations with respect to the information that must be prepared and submitted by the chief statistician of Canada for the purposes of fiscal stabilization payments. There's one more subclause, which would also allow

Finance committee  This clause would specify that all technical changes—that is to say, all the changes with the exception of the higher cap—do not apply to claims for fiscal years 2019-20 and 2020-21. In other words, they would apply for fiscal years from 2021-22 and onward, but the higher cap wou

Finance committee  I know that they had asked to have it removed completely. Perhaps I could clarify that this legislation would work out to a cap of about $170 per capita for the year 2020-21.

Finance committee  Thanks. I'm Suzanne Kennedy. I'm the acting director general of federal-provincial relations at the Department of Finance. Clause 194 amends the Federal-Provincial Fiscal Arrangements Act to implement the modernization of the fiscal stabilization program that was announced in th

Finance committee  No. They had an arbitration process that essentially said they should have been paid more royalties earlier, and they received a lump sum payment in 2018. They did not receive the full protection for those royalty amounts under the 2005 offshore revenue arrangement that they othe

Finance committee  I just want to say that I also lost my connection, so I did not speak to division 16 and I am available if you want me.

Finance committee  We can, of course, provide the committee with the formulae used to make this calculation.