Quote:
Originally Posted by Julio
Dunno why everybody in this debate are talking about Alberta vs Quebec...the Manitoba government gets a much higher percentage of it's total revenue from federal transfers then does Quebec. (MB 29.1%, QC 24.55%, AB 13.7%)
This money comes in various forms, such as health care transfers, emergency funding for flood regions and droughts, recent infrastructure grants to municipalities, and yes, to equalization.
This totals about 21 cents of each tax dollar received by the federal government, be it GST, personal/corporate income taxes or however else the revenue comes in. From that 20 cents about 7 cents of each tax dollar received goes into equalization (which includes subsidies for the territories). The feds describe equalization as:
"The Equalization and Territorial Formula Financing programs help less prosperous provinces and territories provide services that are reasonably comparable to those in other provinces at reasonably comparable levels of taxation." In other words so if I go to Winnipeg and get sick, the quality of health care there should be comparable to Calgary.
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And since the NDP just got elected for another 4 years in Manitoba, I would imagine that the high rate of payments going to there will continue.