How much does quebec receive in transfer payments

Payments are determined not based on the most recent year for which data is available, but on a moving average that includes the three years of data. To see this, just click the button on the bottom left of the simulator and see the effect.

Oil revenues, forestry stumpage fees, hydro revenues, and so on, are not taxes in the normal sense. We therefore include the actual revenues themselves directly in the program. But we do not include the full value of natural resource revenues collected since that would be a disincentive to develop resource revenues in the first place. In the federal election campaign, the Conservative Party campaigned on removing non-renewable natural resource revenues from the formula. Since equalization only partially includes resource revenues, there are situations where a recipient province could be better off than a non-recipient province.

It turns out, though, that the reduction effectively lower their payment to zero. Please try again. This website uses cookies to personalize your content including ads , and allows us to analyze our traffic.

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Sign Up. Manage Print Subscription. Main Menu Search calgaryherald. This advertisement has not loaded yet, but your article continues below. Provincial leaders know they can extract concessions from the federal government by encouraging resentment about the program. Revising the equalization formula to adapt it to changing economic and fiscal circumstances is essential, but changing the governance process through which this is done should also be on the agenda in Canada.

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Editing the piece is not permitted, but you may publish excerpts. Originally published on Policy Options October 13, Republish this article. Kenney has said that his Quebec counterpart does not understand the history of equalization. Economy Politics. Do you have something to say about the article you just read? Who should be involved in this task of overhauling the program, and who should lead this task?

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