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  2. Payments Canada - Wikipedia

    en.wikipedia.org/wiki/Payments_Canada

    Canadian Payments Association, carrying on business under the brand name Payments Canada, [2] [3] is an organization that operates a payment clearing and settlement system in Canada. The Canadian Payments Association was established by the Canadian Payments Act in 1980. Among other responsibilities, it regulates and maintains directories of ...

  3. Canadian transfer payments - Wikipedia

    en.wikipedia.org/wiki/Canadian_transfer_payments

    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 ...

  4. Equalization payments in Canada - Wikipedia

    en.wikipedia.org/.../Equalization_payments_in_Canada

    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).

  5. Equalization payments - Wikipedia

    en.wikipedia.org/wiki/Equalization_payments

    Equalization payments are one example of what are often collectively referred to in Canada as "transfer payments", a term used in other jurisdictions to refer to cash payments to individuals (see Canadian Transfer Payments). In fact, there are four types of federal transfers to provinces and territories: the Canada Health Transfer (CHT), the ...

  6. Large Value Transfer System - Wikipedia

    en.wikipedia.org/wiki/Large_Value_Transfer_System

    In September 2021, Payments Canada replaced LTVS with its Lynx high-value payment system. [1] [2] [3] Established in 1999, [4] LVTS processed the majority of payments made every day in Canada, and was designed to work with funds in Canadian dollars (CAD). On a normal business day, it cleared and settled approximately CA$398 billion. [2]

  7. Canadian Payments Association - Wikipedia

    en.wikipedia.org/?title=Canadian_Payments...

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  8. Routing number (Canada) - Wikipedia

    en.wikipedia.org/wiki/Routing_number_(Canada)

    A routing number is the term for bank codes in Canada.Routing numbers consist of eight numerical digits with a dash between the fifth and sixth digit for paper financial documents encoded with magnetic ink character recognition and nine numerical digits without dashes for electronic funds transfers.

  9. Social programs in Canada - Wikipedia

    en.wikipedia.org/wiki/Social_programs_in_Canada

    Like in the United States, welfare in Canada colloquially refers to direct payments to low-income individuals only, and not to healthcare and education spending. [2] It is rarely used in Canada as the name of any specific program, however, because of its negative connotations. (In French, it is commonly known as le bien-être social or l'aide ...