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He said that "[s]ince equalization was created (in 1957), Alberta has received 0.02% of all payments, the last of which was in 1964–1965." [35] Kenney was previously a member of the Stephen Harper federal government which implemented the current as of 2020 equalization formula.
The Canadian federal government announced in 2023-24, $94.6 billion to transfer to the provinces and territories through major transfers (Canada Health Transfer, Canada Social Transfer, Equalization and Territorial Formula Financing), direct targeted support and trust funds), a $7 billion increase from the previous year, 2022-23.
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.
Successive Alberta governments and popular opinion in the province have decried the equalization formula, noting that Alberta has not received funding under the equalization program since 1965. [7] The current equalization formula was implemented shortly after Stephen Harper 's Conservative Party of Canada formed a minority government after the ...
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.
Alberta separatism comes from the belief that many Albertans hold that they are culturally and economically distinct from the rest of Canada, particularly Central Canada and Eastern Canada, because of economic imbalances whereby Alberta is a net over-contributor to the system of equalization payments in Canada. [6]
The 2019 Alberta budget, known as the A plan for jobs and the economy, is the budget for the province of Alberta for fiscal year 2019 - 2020. It was presented to the Legislative Assembly of Alberta on October 24, 2019 by Travis Toews , the Minister of Finance of Alberta of the Government of Alberta .
Unlike Equalization payments, which are unconditional, the CHT is a block transfer; the funds must be used by provinces and territories for the purposes of "maintaining the national criteria" for publicly provided health care in Canada (as set out in the Canada Health Act). The CHT is made up of a cash transfer. In 2008-09, CHT cash transfer ...