Quote:
Originally Posted by Fuzz
Resource revenue counts as part of the fiscal capacity calculation, but no royalty dollars go to any sort of equalization fund.
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.
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Yes - the bottom line is that 50% of resource revenue is included into equalization formulas, so have -not provinces get backdoor sharing of Alberta's oil sands royalties.
If Alberta oil sands provided $10b to Quebec and $3b to BC via fiscal federalism as an example, then I think that should be explicit. Because then - also explicit - is that a new pipeline drives more royalty dollars, so more money for Quebec and BC and all the other provinces too because they share in those royalties. I would think that also increases public support for pipelines and egress all across the country. Right now, that's exactly what happens, but it happens via equalization so it's hidden in a complex formula.