Alberta’s elevated spending levels produced large budget deficits and mounting debt.
The province expects a $15.5 billion budget deficit next year.
Between fiscal years 2014/15 and 2018/19, Alberta’s net contribution to Confederation was $94.9 billion.
In 2019, equalization represented 15.5 per cent of provincial revenue in Nova Scotia.
Canada's equalization program cost Alberta taxpayers approximately $3.1 billion in 2017.
Albertans contributed $2.9 billion more to the CPP than they consumed in 2017.
Without Alberta’s net contributions, Canada would have racked up upwards of $100 billion more debt since 2014.
By 2022/23, the province will have accumulated an estimated $46.6 billion in net debt.