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A formal system of equalization payments was first introduced in 1957. [7] [ Notes 1]. The original program had the goal of giving each province the same per-capita revenue as the two wealthiest provinces, Ontario and British Columbia, in three tax bases: personal income taxes, corporate income taxes and succession duties (inheritance taxes).
Rank Name Level of government Total expenditure Per-capita expenditure Fiscal year Source 1 Canada: Federal 338,500,000,000 2018-19 [1]2 Ontario: Provincial
The First Charge, established by Section 103 of the Constitution Act, 1867, is the cost of the actual maintenance of the Consolidated Revenue Fund itself. In accordance with the Act, the costs of collection, management and receipt of the fund are to be the first charge made to the account. [citation needed]
A pivot table in BOEMax, a Basis of Estimate software package. To create a BOE companies, throughout the past few decades, have used spreadsheet programs and skilled cost analysts to enter thousands of lines of data and create complex algorithms to calculate the costs. These positions require a high level of skill to ensure accuracy and ...
The BC Energy Step Code is a provincial regulation that local governments in British Columbia, Canada, may use, if they wish, to incentivize or require a level of energy efficiency in new construction that goes above and beyond the requirements of the base building code. It is an example of a "stretch code," or "reach code," in that it is an ...
The Commission's primary responsibility is the regulation of British Columbia's natural gas and electricity utilities. [1] They also regulate intra-provincial pipelines and the Insurance Corporation of British Columbia (ICBC), a crown corporation responsible for insuring vehicles and operators in the province.
British Columbia Investment Management Corporation which uses the trade name BCI, is a Canadian company established by way of the 1999 Public Sector Pension Plans Act to provide investment services to British Columbia’s public sector pensions plans.
The “forward estimates” system evolved in Australia from the late 1970s through the 1980s, [1] and is used at both the Federal and State levels. The forward estimates provide a mechanism for discipline within the budgeting process that enables a greater focus on strategic policy issues, [ 1 ] and provide a strategic framework for budgetary ...