equalization program

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Federal government wants to renew flawed equalization formula

Payments to recipient provinces are increasing even as the gap between richer and poorer provinces shrinks.

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Equalization ‘overpayments’ will keep growing

According to forecasts, overpayments will account for 35 per cent of the program’s cost in 2025/26.

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Alberta’s ‘yes’ vote on equalization only first step to fix larger broken system

Ottawa raised $280 billion more from Albertans than it spent in Alberta from 2007 to 2019.

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Alberta’s upcoming referendum bigger than equalization

Reforms in the 1990s led to a marked decline in welfare dependency and reduced spending on social assistance.

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Pressure mounts to change ‘stabilization’ program and increase payments to Alberta

Alberta received just $249 million in payments despite a revenue loss of $7.2 billion.

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New report notes ‘over-equalizing’ nature of equalization program

Currently, equalization payments increase in line with nominal GDP growth.

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Maritime provinces vulnerable to any future changes to equalization program

In 2019/20, equalization comprised 21 per cent of provincial government revenue in Prince Edward Island.

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Heavy reliance on Ottawa puts Atlantic Canada’s finances at risk

The three Maritime provinces rely more heavily on federal transfers than any other province.

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Maritime provinces could soon see smaller slice of equalization pie

As a share of the province’s total government revenue, New Brunswick’s equalization payments fell from 23.7 per cent to 19 per cent.