Canada Health Transfer, Canada Social Transfer and Wait Times Reduction Transfer Regulations

'The Canada Health Transfer, Canada Social Transfer and Wait Times Reduction Transfer Regulations outline the framework for federal-provincial fiscal arrangements in Canada. The regulations establish definitions for key terms such as "transfer payment", "population of a province for a fiscal year", and "taxation year". They also specify the calculation methods for the relevant revenue bases used to determine transfer payments, including personal income taxes and corporation income taxes.

The Minister is required to make interim estimates of transfer payments to provinces on a quarterly basis, with varying deadlines depending on the type of transfer payment. The regulations also provide for final computations to be made by the Chief Statistician of Canada, based on the most recent information prepared by Statistics Canada. These final computations are used to determine the actual amount of transfer payments payable to each province.

The regulations apply to various transfer payments, including the Canada Health Transfer, Canada Social Transfer, and Wait Times Reduction Transfer. They provide a framework for calculating these transfers, taking into account factors such as population growth, revenue bases, and tax rates. The regulations also specify the deadlines for making interim estimates and final computations, ensuring that provinces receive timely information about their transfer payments.'