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Originally Posted by GullFoss
Equalization formula includes 50% of resource revenue. Yes, there's no explicit royalty sharing. But there's definitely an implicit sharing of royalty revenue.
I think by making it explicit, all Canadians better understand they directly benefit from oil and gas production
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Resource revenue counts as part of the fiscal capacity calculation, but no royalty dollars go to any sort of equalization fund.
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For natural resources, consistent with the 2006 Expert Panel’s recommendation, fiscal capacity is assessed based on partial inclusion of actual revenue collected by the province. However, a province’s Equalization payment cannot raise its fiscal capacity above that of a non-receiving province when all resource revenues are taken into account.
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The way I read this is it's only going to matter if you are a have-not province.
It's such a weird thing to want. "If only other Canadians knew how much we helped them, maybe they'd give into our demands more." Do you see how infantile this is? Do you know how much the auto sector or forestry or aerospace or tech help Canada? Do you care? Probably not.
And furthermore, it's basically an admission that yes, all our glory and superiority is, in fact, based on something natural that just happens to be more concentrated in the part of Canada we live in. BOW DOWN TO US.
Embarrassing.