View Single Post
Old 04-02-2025, 01:40 PM   #23519
Street Pharmacist
Franchise Player
 
Street Pharmacist's Avatar
 
Join Date: Nov 2006
Location: Salmon with Arms
Exp:
Default

Quote:
Originally Posted by #-3 View Post
One thing I'll also say that I didn't say before, is there is also some demographic destiny tied up in the transfer payment disparity. to the extent that people are more likely to spend their working years in Alberta, then call Newfoundland or BC, or Saskachewan their official home base in retirement, because that is where they are from, and the cost of living is lower, than those people technically contribute to Albertas transfer payment "deficit" and later collect on "Alberta's" transfer payments.



I think it's a small effect, but similar to CPP, where you can see Alberta drawing a lot less than it puts in right now, but because Alberta has a huge share of the population that will actually hit the CPP career maxes, and a rather large 40ish demographic bubble, you can already see a visible horizon where as a province "we" will be pulling a lot more from the fund.
And people retire to BC after writing in other provinces so not only does BC therefore realize less taxes, the services like healthcare are higher
Street Pharmacist is offline   Reply With Quote