Quote:
Originally Posted by Burn13
Quebec just announced a $2.5B provincial surplus for 2018-19. Different then our situation.
They also will get $13.1 Billion in transfer payments from equalization. An increase of $1.4 Billion from the previous 3 yrs. Alberta will get ZERO for 2019-20. This is annually until 2021 when it is up for review again. Notley missed the review I guess this last July.
That a whole lot of different on what we can afford.
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Can we quit with this lie that it’s equalizatiom that gives quebec better services. It’s not, it’s tax rate. Quebecs lowest tax rate is 15%. It’s highest starting at 100k in income is 25.75%.
Equalization is based on fiscal capacity at constant tax rates. If Alberta’s tax rates matched Quebec’s we could easily afford this program. In fact the daycare program. Now one could argue these high taxes are decreasing their fiscal capacity and their ability to expand and I certainly would be open to that argument though their corporate tax is less than ours.
The ability of Quebec to offer services that we might want is do to high taxes.
If you as an idvidual make 100k per year the tax difference between Quebec and Alberta is your Daycare subsidy.