Federal-Provincial Fiscal Arrangements Regulations, 2007

16 If the Minister determines under sections 3.2 and 3.4 of the Act that a fiscal equalization payment is to be made to a province for a fiscal year, the Minister shall make the payment to the province in 24 equal instalments, with an instalment being made on each of the first and third working days after the 15th calendar day of each month of the fiscal year.