Provincial and territorial governments

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This category records loans to provinces and territories made under relief acts and other legislation.

Loans made on a long-term, low-interest or interest-free basis are recorded in part as expenses when the economic value of these loans is reduced due to their concessionary terms.

**Table 9.13**
**Provincial and territorial governments**
(in dollars)
Finance
	April 1, 2020	Payments and other charges^{Link to table note 1}	Receipts and other credits^{Link to table note 2}	March 31, 2021
Department of Finance
Newfoundland and Labrador
Federal-provincial fiscal arrangements	266,668,300	–	–	266,668,300
Municipal Development and Loan Board	315,626	–	–	315,626
Winter Capital Projects Fund	2,836,758	–	–	2,836,758
Subtotal	269,820,684	–	–	269,820,684
Ontario
Federal-provincial fiscal arrangements	30,072,968	–	15,036,504	15,036,464
Prince Edward Island
Federal-provincial fiscal arrangements	217,704	–	108,912	108,792
Winter Capital Projects Fund	63,079	–	–	63,079
Subtotal	280,783	–	108,912	171,871
Quebec
Federal-provincial fiscal arrangements	–	31,940,250	–	31,940,250
Saskatchewan
Federal-provincial fiscal arrangements	79,733,840	–	13,288,992	66,444,848
Subtotal	379,908,275	31,940,250	28,434,408	383,414,117
Less: portion expensed due to concessionary terms	33,459,370	–	5,485,220	27,974,150
Total	346,448,905	31,940,250	22,949,188	355,439,967
Table 1 notes General notes: The dash means that the amount is 0 or is rounded to 0. Table note 1 Payments or other charges may include transactions such as loans, adjustments, etc. Return to table note 1 referrer Table note 2 Receipts or other credits may include transactions such as repayments, forgiveness, etc. Return to table note 2 referrer

Federal-provincial fiscal arrangements

These amounts represent net overpayments in respect of transfer payments to provinces under the Constitution Acts 1867 to 1982, the Federal-Provincial Fiscal Arrangements Act, and other statutory authorities.

The overpayments are non-interest bearing and will be repaid by reducing transfer payments in subsequent years.

Municipal Development and Loan Board

Loans have been made to provinces and municipalities, to augment or accelerate municipal capital works programs.

The loans bear interest at rates from 5.25% to 5.375% per annum, and are repayable in annual or semi-annual instalments over 15 to 50 years.

Winter capital projects Fund

Loans have been made to provinces, provincial agencies and municipalities, to assist in the creation of employment.

The loans bear interest at rates from 7.4% to 9.5% per annum, and are repayable either in annual instalments over 5 to 20 years, or at maturity.

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Date modified:: 2021-12-14

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