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Can you summarize SOR /2007-303?
Consolidated Regulations > Federal-Provincial Fiscal Arrangements Regulations, 2007
Short Summary
The Federal-Provincial Fiscal Arrangements Regulations, 2007 govern the fiscal arrangements between the federal government and the provinces and territories in Canada. The regulations provide definitions for various terms used in the document, such as ‘adjusted number of litres of diesel fuel taxed at road-use rate’ and ‘assessed market value of residential property’. The regulations also specify the application of different parts of the regulations to different fiscal years. Yukon, the Northwest Territories, and Nunavut are exempt from certain parts of the regulations. The regulations include provisions for the recovery of overpayments, the calculation of prescribed amounts, and consequential amendments. Overall, the regulations aim to establish a framework for fiscal arrangements between the federal government and the provinces and territories in Canada.
Whom does it apply to?
Provinces and territories in Canada
What does it govern?
Federal-Provincial Fiscal Arrangements Regulations, 2007
What are exemptions?
Yukon, the Northwest Territories, and Nunavut are exempt from certain parts of the regulations
What are the Penalties?
No specific penalties mentioned
Jurisdiction
Canada