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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 is "based on a three-year average of economic growth". Since the 2008 recession, the Ontario economy got stronger which resulted in lower equalization payments. [16] In 2012–2013 Ontario's equalization payments increased to a peak of $3.3-billion. It was projected to be $2-billion in 2014–2015.
Unlike conditional transfer payments such as the Canada Health Transfer or the Canada Social Transfer, the money the provinces receive through equalization can be spent in any way the provincial government desires. The payments are meant to guarantee "reasonably comparable levels" of health care, education, and welfare in all the provinces. The ...
The Harper government used the report as a basis for reforms to the equalization program. [8] The equalization referendum question asks whether Section 36(2) which expounds the principle of making equalization payments be removed from the Constitution Act, 1982.
Feb. 5—EPHRATA — Grant County officials are looking for qualified applicants to fill two open seats on the county's Board of Equalization. Candidates must live within District 2, which is ...
An exception to this rule is a state's share of value added tax revenue; up to a quarter of a state's tax revenue can be assigned to especially weak states in advance. The equalization payments are being stepped up, the states entitled to payment adjustments should now receive 95% of the average of all states' revenue compared to 91% in the past.
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 ...
The former Bachelorette, 39, finalized her divorce from Bryan Abasolo on Tuesday, Jan. 7, in a settlement that determined Lindsay will have to pay the chiropractor, 44, a $500,000 equalization ...