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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).
On October 18, 2021, a referendum was held in Alberta, Canada on two questions, whether equalization payments should be eliminated from the Constitution of Canada, and whether the province should observe daylight saving time year-round. [1] The referendum was held as part of the 2021 Alberta municipal elections and the Senate nominee election ...
Until the 2009–2010 fiscal year, Ontario was the only province to have never received equalization payments; in 2009-2010 Ontario received 347 million dollars, [7] while Newfoundland, which has received payments since the program's creation, is now a so-called "have" province, and is now a net contributor and does not receive payments.
CALGARY, Alberta (Reuters) -Voters in Canada's main oil-producing province, Alberta, strongly backed removing a commitment to redistribute wealth among provinces from the Canadian Constitution ...
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.
Alberta municipal elections, Alberta Senate nominee election, 2021 Alberta equalization payments referendum and 2021 Alberta daylight saving time referendum; Municipal by-election in Westport, Ontario [77] October 19: Northwest Territories municipal elections (taxed communities; excluding Yellowknife) October 21: Yukon municipal elections ...
According to a CBS News analysis of federal data, these policies are one of the most common reasons for Social Security overpayments, which have totaled more than $450 million in fiscal years 2017 ...
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]