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.
Since the recession, Queen’s Park has failed to take meaningful action to reform and reduce program spending.