Interim Payments and Recovery of Overpayments Regulations (SOR/81-226)

1 [Repealed, SOR/2001-487, s. 2]

Interpretation

2 In these Regulations, Act means the Payments in Lieu of Taxes Act.

Interim Payments

3 When, in respect of an application made by a taxing authority under section 3 of the Act, a final determination of the amount of the payment cannot be made within 50 days after receipt of the application, or within 90 days in the case of an application made for the first time, the Minister may

• (a) estimate, on the basis of the information available to the Minister, the amount that may be paid to the taxing authority under section 3 of the Act; and

• (b) make an interim payment to the taxing authority in an amount that does not exceed the amount referred to in paragraph (a).

Recovery of Overpayments

4 If any payment made to a taxing authority under the Act or these Regulations is greater than the amount that may be paid to the taxing authority under section 3 of the Act, the amount of the overpayment and interest on that amount prescribed for the purpose of section 155.1 of the Financial Administration Act may be

• (a) set off against other payments that may otherwise be paid to the taxing authority under section 3 of the Act or these Regulations; or

• (b) recovered as a debt due to Her Majesty in right of Canada by the taxing authority.