11-24-2011, 03:12 PM
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#21
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Franchise Player
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Quote:
Originally Posted by burn_this_city
It's likely Calgary, that works out to roughly $10,000 per person.
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Nope its Alberta...
A recently released report by the province’s finance department might offer a clue. According to the report, Alberta is the largest net contributor to Confederation, with Albertans paying an estimated $14.1 billion, or $3,785 per person, more to the federal government than they got back in the form of services in 2010.
http://www.unlimitedmagazine.com/201...ents-is-wrong/
Actually a good article on transfers...
Albertans face the same federal tax rates as other Canadians, but because of Albertans’ higher-than-average incomes, the province of Alberta contributes considerably more per capita than other Canadians. That’s how taxation works. Let’s be extra clear here: if you earn $60,000 a year in Alberta, you will pay exactly the same amount to the federal government as someone earning $60,000 a year in Quebec.
The program’s purpose, as stated in the Canadian Constitution in 1982, is to “ensure that provincial governments have sufficient revenues to provide reasonably comparable levels of public services at reasonably comparable levels of taxation.” That is accomplished through four main transfer programs: the Canada Health Transfer, the Canada Social Transfer, Equalization Financing and Territorial Formula Financing.
Equalization payments, which a receiving jurisdiction is free to spend according to their own priorities, are determined by “fiscal capacity” – that is, measuring a province’s ability to raise revenues.

http://www.parl.gc.ca/Content/LOP/re.../prb0639-e.htm
Last edited by Cheese; 11-24-2011 at 03:21 PM.
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