Re: We know who to blame for the lost bailout vote HARPER?
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Message: Re: We know who to blame for the lost bailout vote HARPER?
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Niceguy8989;
I looked up the following information from Wikipedia on equalization payments and its interesting to note that Ontario is the only province that has never received equalization payments.
"In Canada the federal government makes payments to less wealthy Canadian provinces to equalize the provinces' "fiscal capacity" — their ability to generate tax revenues. Ontario is the only province to have never received equalization payments. 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 – 2007-08
($ millions)
| Equalization | 477 | 294 | 1,465 | 1,477 | 7,160 | 1,826 | 226 | - | 12,925 |
| Per capita | $938 | $2,118 | $1,564 | $1,968 | $931 | $1,543 | $230 | $0 | - |
http://en.wikipedia.org/wiki/Equaliz...
Cheers; Scott
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