Alberta ran a $3.1 billion deficit in 2012/13—when oil prices were over US$80 per barrel.
canadian equalization program
Quebec slammed the door on the resurrection of the Energy East pipeline.
For as long as equalization has existed (since 1957), Quebec has always received the largest payment.
Quebec has one of the highest top personal income tax rates of any province or U.S. state.
Between 2004 and 2014, Alberta created more than 350,000 jobs.
Jason Kenney, leadership candidate for Alberta’s United Conservative Party, called for reform to Canada’s equalization program.
The gap between richer and poorer provinces has been shrinking.
While the overall federal transfer “pie” has grown significantly over the past decade, Ontario’s “slice” has also grown larger.