Section 102 of the Constitution Act, 1867

[7]Section 102 is found in Part VIII of the Constitution Act, 1867, dealing with revenues, debts, assets and taxation.

[8] Under the new financial arrangements after Confederation, the federal government was to have exclusive authority to impose indirect taxes, such as customs duties.

Section 106 of the Act provides that all federal expenditures are to be made by appropriations on the Consolidated Revenue Fund, authorised by the Parliament of Canada.

Section 107 of the Act transferred liquid assets relating to the pre-Confederation debts of the provinces to the federal government.

Section 122 provided that the pre-Confederation customs and excise laws continued in force until altered by the federal Parliament.