Tags » Equalization Payments

James P. Feehan: Searching for fiscal perfection

The federal government quietly renewed its equalization formula — which is used to calculate payments to those provincial governments that are deemed to be below par, in terms of their ability to raise revenues at comparable tax rates — in the 2014-15 budget, with surprisingly little fanfare. 882 more words

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Marcelin Joanis: Take the politics out of equalization

To many observers, Canada’s equalization system — with its side deals, federal unilateralism and complex formulas — is broken. Major reform is long overdue.

The federal equalization program is intended to reduce the differences in fiscal capacity across provinces, so that Canadians living in a province with a small or slowly growing tax base can have adequate health care, education and other public services at tax rates comparable to those in other provinces. 885 more words

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Bev Dahlby: Eliminate the ceiling on equalization payments

The federal equalization program is intended to reduce the differences in fiscal capacity across provinces, so that Canadians living in a province with a small or slowly growing tax base can have adequate health care, education and other public services at tax rates comparable to those in other provinces. 597 more words

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