Quote:
Originally Posted by PsYcNeT
I mean, I'm not an economics guy but quite simply if Alberta suddenly became a "have-not" we would then receive equalization right?
So as it is, we're still doing better than other provinces even if we're not swimming in oil money.
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Yeah, except we have to be doing poorly enough for 5 consecutive years for our average GDP to drop below the "10 province standard" so as to become a haven-not province.
In the mean time here is the list of "have not" provinces and how much they'll be receiving in the 2018-2019 FY. Interesting that Ontario is on that list...
Quebec ($11.732 billion)
Manitoba ($2.037 billion)
Nova Scotia ($1.933 billion)
New Brunswick ($1.874 billion)
Ontario ($963 million)
Prince Edward Island ($419 million)