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t. e. Transfer payments are a collection of payments made by the Government of Canada to Canadian provinces and territories under the Federal–Provincial Arrangements Act. [1] Chief among these are the Canada Social Transfer, the Canada Health Transfer and equalization payments. The last of these can be spent however the receiving provinces ...
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).
e. The Canada Health Transfer (CHT) (French: Transfert canadien en matière de santé) is the Canadian government 's transfer payment program in support of the health systems of the provinces and territories of Canada. The program was originally combined with the Canada Social Transfer in a program known as the Canada Health and Social Transfer.
The Ontario Health Premium (OHP) is a component of Ontario's Personal Income Tax system. The OHP is based on taxable income for a taxation year. As of May 2010, an Ontario resident with taxable income (i.e., income after subtracting allowable deductions) of $21,000 pays $60 per year. With a taxable income of $22,000, the premium doubles to $120.
The Canada Social Transfer ( CST) ( French: Transfert canadien en matière de programmes sociaux) is the Canadian government's transfer payment program in support of post-secondary education, social assistance, and social services, including early childhood development and early learning and childcare. It was made independent from the Canada ...
In 1996, three of the four Atlantic provinces—New Brunswick, Newfoundland and Labrador, and Nova Scotia—entered into an agreement with the Government of Canada to implement what was initially termed the "blended sales tax" (renamed to "harmonized sales tax") which would combine the 7% federal GST with the provincial sales taxes of those provinces; as part of this project, the PST portion ...
Transfer paymentsin Canada. Territorial Formula Financing (TFF) is an annual unconditional transfer payment from Canada 's federal government to the three territorial governments of Yukon, the Northwest Territories, and Nunavut to support the provision of public services . A significant portion of the financial resources of the territorial ...
t. e. The Established Programs Financing (EPF) (French: Financement des programmes établis) was a financing program created by the Trudeau government in 1977, to finance the provincially -run healthcare and high-education system, through transfer payments, by cash and tax points. [1][2] The 1995 Canadian federal budget announced that both the ...
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