Search results
Results from the WOW.Com Content Network
Equalization payments do not, technically, involve wealthy provinces making payments to poor provinces, although in practice this is what happens, via the federal treasury. As an example, a wealthy citizen in New Brunswick, a so-called "have not" province, pays more into equalization than a poorer citizen in Alberta, a so-called "have" province.
The equalization formula has been criticized for not factoring in a below market sale of hydro power to domestic users into the calculation of equalization payments. Between 2005 and 2010, Quebec was calculated to have received 51% more equalization ($42.4 B vs $28.1 B) than it would have if the formula was corrected the same for resource ...
Equalization payments do not involve wealthy provinces making direct payments to poor provinces as the money comes from the federal treasury. As an example, a wealthy citizen in Quebec, a so-called "have not" province, pays more tax into the federal system and funds more equalization than a poorer citizen in Alberta that pays less federal tax ...
Alberta and Saskatchewan have made other efforts to distance themselves from Ottawa. Both have frequently criticized the equalization payment scheme as unfair. In his call for "A New Deal with Canada", Moe has signaled a desire for more control over taxation and immigration, and Saskatchewan has introduced plans to create a provincial police force.
Prominent among the objectives commonly attributed to intergovernmental fiscal transfers is ‘equalization’ of fiscal capacities or resolution of fiscal imbalances. [ 1 ] Thus, the transfer system can promote efficiency in the public sector and can level the field for intergovernmental competition. [ 2 ]
A 1999 WTO ruling [11] named a Brazilian scheme paying banks providing loans to Embraer clients, the Proex program, an illegal subsidy. [12] The ruling concluded, "...PROEX interest rate equalization payments on exports of Brazilian regional aircraft are subsidies...
"Critics say there is a reason why we force people to pay into the Social Security system. These are two separate systems. If we need to fix Social Security, let's fix it. Let's not just do a ...
The rationale for the act is that Alberta in particular is considered unfairly treated by the rest of Canada, due to programs like the equalization payments that fund provinces with lower GDPs and environmental initiatives like the Northern Gateway Pipeline cancellation. Another issue is the perspective that the other provinces oppose the ...