::Equalization payments in Canada
::concepts
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In Canada, the federal government makes equalization payments to less wealthy Canadian provinces to equalize the provinces' "fiscal capacity" — their ability to generate tax revenues. A province that does not receive equalization payments is often referred to as a "have province", while one that does is called a "have not province". In 2013–14, six provinces will receive "Have-not" province6.105 billion in equalization payments from the federal government.<ref>
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Canada's territories are not included in the equalization program. The federal government addresses territorial fiscal needs through the Territorial Formula Financing (TFF) program.
Equalization payments in Canada sections
Intro Calculating payments Regional fiscal disparities in Canada Sources of fiscal capacity History Criticisms References See also
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In Canada, the federal government makes equalization payments to less wealthy Canadian provinces to equalize the provinces' "fiscal capacity" — their ability to generate tax revenues. A province that does not receive equalization payments is often referred to as a "have province", while one that does is called a "have not province". In 2013–14, six provinces will receive $16.105 billion in equalization payments from the federal government.<ref>
{{#invoke:citation/CS1|citation
|CitationClass=web
}}</ref>
Canada's territories are not included in the equalization program. The federal government addresses territorial fiscal needs through the Territorial Formula Financing (TFF) program.
Equalization payments in Canada sections
Intro Calculating payments Regional fiscal disparities in Canada Sources of fiscal capacity History Criticisms References See also
| PREVIOUS: Intro | NEXT: Calculating payments |
| << | >> |