Closing the income gap with the rest of Canada will require Quebec’s government to work to attract more investment.
Quebec has received equalization every year since the program’s inception in 1957.
The two biggest automatic stabilizers from Ottawa are income taxes and employment insurance payments.
Successive governments have increased spending faster than the rate of economic growth or inflation-plus-population.
The federal government will send $21.1 billion to Ontario this year.
The gap between richer and poorer provinces has been shrinking.
Ontario and Quebec now receive approximately 70 per cent of all equalization payments.
The Ontario government has never made a secret of its desire to have the federal government help fund Ontario’s provincial budget. It even started its own think-tank with $5 million in 2009, which regularly publishes reports that call on the federal government to rescue Ontario’s provincial finances.