Bill C-18

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	RECOMMENDATION
	Her Excellency the Governor General recommends to the House of Commons the appropriation of public revenue under the circumstances, in the manner and for the purposes set out in a measure entitled ``An Act to amend the Federal-Provincial Fiscal Arrangements Act''.
	SUMMARY
	This enactment removes, for the fiscal year beginning on April 1, 1999, the ceiling that would otherwise apply to equalization payments.
	EXPLANATORY NOTES
	Clause 1: The relevant portion of subsection 4(9) reads as follows:
	(9) Notwithstanding anything in this Part, where
	(a) the total amount of the fiscal equalization payments to all provinces as determined under this Part for a fiscal year commencing with the fiscal year that begins on April 1, 1999
	exceeds
	(b) either
	(i) in the case of the fiscal year that begins on April 1, 1999, ten billion dollars, or
	(ii) in the case of a subsequent fiscal year, the amount that would result if the amount of ten billion dollars were changed by the percentage change in Canada's gross domestic product, as determined by the Chief Statistician of Canada in the prescribed manner, from the calendar year ending on December 31, 1999 to the calendar year ending in the fiscal year,
	the fiscal equalization payment to each province for a fiscal year shall be reduced by an amount equal to the product obtained by multiplying