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Topic: Equalization payments


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 [No title]
Without equalization payments, the net effect of the migration of person A3 to province B is to lower the provincial tax rate in province A from 14.3 percent to 10 percent, and to raise the provincial tax rate in province B from 25 percent to 31 percent.
Equalization payments may improve the lot of the very poor in the very poorest provinces, but whatever degree of equalization of incomes among Canadians is obtained in a program of equalization payments could, almost certainly, be obtained at a fraction of the cost to the federal government by direct transfers to the poor.
On this assumption, and in the absence of a program of equalization payments, the government of province B is dormant, and the sole activity of the government of province A is to distribute oil revenue equally among the 100 landowners and the 125 workers who choose to reside in the province.
flash.lakeheadu.ca /~mshannon/Usher_Equalization.txt   (17938 words)

  
 Budget Plan, Annex 6 (Budget 2004)
The federal government makes equalization payments to less prosperous provinces to allow them to provide their residents with public services that are reasonably comparable to those in other provinces, at reasonably comparable levels of taxation.
Equalization payments are determined by a formula that is established in legislation.
Equalization payments are made to the provinces with revenue-raising capacity below the standard to bring their total fiscal capacity, including equalization payments, fully up to the standard.
www.fin.gc.ca /budget04/bp/bpa6e.htm   (3062 words)

  
 CUPE Manitoba - Federal Government Can Afford to up Equalization Payments
Historically, the federal Equalization payments to the provinces evolved into a concept of wealth redistribution in the early 1960’s.
The money from federal Equalization payments is spent by the provinces in a number of ways: to provide health care, public services, floodway protection and clean water, to train existing workers, maintain comparable personal income tax rates and other social programs.
Equalization payments from the federal government account for almost 20 per cent or $1.3 billion of Manitoba’s budget.
www.cupe.mb.ca /issues/equalization_op-ed.htm   (667 words)

  
 NUPGE calls for reform of Canada's equalization system
Equalization payments are designed to ensure that "reasonably comparable levels of public services" exist across the country.
Parliament and the government of Canada are committed to the principle of making equalization payments to ensure that provincial governments have sufficient revenues to provide reasonably comparable levels of public services at reasonably comparable levels of taxation.
For Manitoba and Saskatchewan, the ceiling reduced equalization payments by $628 million for the period 1988-89 to 1991-92.
www.nupge.ca /news_2004/n24oc04b.htm   (1346 words)

  
 CBC News Indepth: Canadian Government
Equalization is one of four federal programs that transfer money to provinces and territories; two of the others pay for health and social services, and one is just for the territories.
Equalization has changed significantly since it was enacted in 1957, when it was meant to bring the per capita tax revenues of all provinces up to the levels of the two richest provinces at the time – Ontario and British Columbia.
The deal guarantees that the province's equalization payments for a given year will be at least 85 per cent of the previous year's payments, and as much as 95 per cent, depending on how the province's treasury compares to other provinces.
www.cbc.ca /news/background/cdngovernment/equalization.html   (1606 words)

  
 Equalization: Implications of Recent Changes (PRB 05-91E)   (Site not responding. Last check: 2007-11-04)
As a final note, under the previous formula, estimates of equalization payments were recalculated twice annually – in February and October – as revised and final data on incomes, population, and other relevant measures became available.
As for the distribution of equalization payments, each qualifying province’s entitlement depended on the interplay between two factors: the strength of its own tax base, and the strength of the tax base in the “national standard” provinces.
In the interim, equalization payments are being made on the basis of population size and past entitlements.
www.parl.gc.ca /information/library/PRBpubs/prb0591-e.htm   (4457 words)

  
 Equalization
In fact, receiving equalization merely means that some of the federal tax revenue received from a province is returned to that province.
Payments are made by the federal government to the provinces on a monthly basis.
The formula for calculating the payments is updated with new statistical information twice a year and then final adjustments are made with revised data 30 months after the fact.
www.strategicthoughts.com /record2002/havenot.html   (1254 words)

  
 Equalization - Wikipedia, the free encyclopedia
The term "equalizer" is erroneous applied as a general term for audio filters.
An equalizer is used to ensure that there are no frequency bands where there is a round trip gain of greater than 1, as these are heard as audible feedback.
All audio records have had equalization applied to the sound waveform before the consumers' record was made because of the limitations of equipment for recording and manufacturing the record.
en.wikipedia.org /wiki/Equalization   (865 words)

  
 bound by gravity
Equalization's guiding principle is to give citizens of every province similar levels of service for similar levels of taxation.
By 1982, the national average was dropped in favour of an average of middle-income provinces, known as the five province standard.
The Canadian equalization system, as it stands today, is an ever-growing money tree in which the provinces deemed to be "have not" will receive increased funding every year with only some consideration to their fiscal well-being.
www.boundbygravity.com /2006/05/evolving-equalization.aspx   (582 words)

  
 Gauntlet.ca - the politics of .ca: The Equalization Problem   (Site not responding. Last check: 2007-11-04)
Some provinces call for them to be excluded on the basis that it is an equalization of revenues, not an equalization of bank accounts that the program is supposed to seek.
The report recommends that the “fixed pool” of equalization payments set out in the “new framework” be abolished, and that the government return to figuring out how much has to be spent by determining an average, and bringing provinces up to it.
They argue that while this would increase the required payments, the federal government should reduce payments equally on a per-capita basis if there are budget restraints, not simply exclude certain provinces from the calculations.
www.gauntlet.ca /2006/06/equalization-problem.html   (1134 words)

  
 bound by gravity: Equalization Archives
Equalization, the federal scheme set up to ensure that all provinces and territories in Canada can afford to supply their citizens with a comparable level of service, is broken and should be scrapped.
The equalization program has evolved from a fairly simple and reasonably just system into a convoluted mess that is geared more toward vote-buying than it is to providing services.
Perhaps if the equalization program were run in good faith, calculated based on meaningful facts and figures, and not used as a vote-buying tool then it would have value.
www.boundbygravity.com /archives/policy/equalization   (1434 words)

  
 Fraser Institute Archived Information
Ei is the entitlement to equalization payments of province i
Equalization payments were shown to be efficient within the context of the example in table III.1 by improving the allocation of labour between the provinces, by drawing the actual allocation of labour toward the allocation that maximizes the national income as a whole.
Equalization payments could be unhelpful if wA >> wB but NB >> NA, as might be the case if equalization payments are provided to provinces where out-migration is inhibited by welfare or unemployment insurance.
oldfraser.lexi.net /publications/books/equalization   (19151 words)

  
 Equalization Payments - Quebec History   (Site not responding. Last check: 2007-11-04)
Currently, equalization is calculated on more than 30 different taxes whose yield is established for each province, assuming a standardised level of taxation.
The largest amount of equalization has always been paid to Quebec, and, thus, the province could be considered the main beneficiary of the equalization payments.
The features of the equalization programme, and the benefits that Quebec evidently enjoys from it, have been essential elements in the fight against separatism in Quebec and have been raised as arguments in the referenda held in 1980 and 1995.
www2.marianopolis.edu /quebechistory/events/equalize.htm   (564 words)

  
 The Agreement - Atlantic Accord 2005
The province will also be provided benefits equal to what it would have received if Part 1 of the Equalization offset provision of the Atlantic Accord had been extended to include the year 2011 12, should the province not qualify for Equalization in that fiscal year.
A successor arrangement would be put in place for the period 2012-13 to 2019-20 if the province qualifies for an Equalization payment in 2010 11 or 2011-12 and its per capita debt servicing charges have not become lower than those of at least 4 other provinces.
Payments would continue to be calculated to provide 100 per cent offset for Equalization declines, as per clause 4, in any year in which Newfoundland and Labrador would qualify for Equalization.
www.gov.nf.ca /atlanticaccord/agreement.htm   (572 words)

  
 andrewcoyne.com: Equalization, without the equalization   (Site not responding. Last check: 2007-11-04)
Again, no equalization, as such, would be in order; or if it were, the revenues to support it would be lacking.
Quebec, for example, insists that any future payments be allocated based strictly on a province’s population, rather than its relative lack of revenues -- a formula that, by a happy coincidence, would raise Quebec’s share of the total, but obviously has nothing to do with equalization.
Newfoundland, meanwhile, insists that it should suffer no reduction in equalization payments as the revenues start to gush from its offshore oil bonanza: not now, not ever, not even should its per capita revenues one day exceed those of Ontario.
andrewcoyne.com /archives/004022.php   (3730 words)

  
 AGO_1963-64_No_079   (Site not responding. Last check: 2007-11-04)
(2) Payments received by school districts under RCW 54.28.090 may only be considered receipts for the purpose of RCW 28.41.080 if they are in fact deposited in the school district's general fund.
Page 2]] the payments required of a public utility district under RCW 54.28.080 were (1) for the purpose of making the payments on bonded indebtedness incurred for the construction of school plant projects, and (2) that these payments could not be considered receipts for the purpose of determining equalization under RCW 28.41.080.
  The opinion stressed the fact that everything which is used in the statutory formula for determining equalization payments under RCW 28.41.080 relates to maintenance and operation, and that the equalization payments themselves were to be used for maintenance and operation only.
www.atg.wa.gov /opinions/1963-64/opinion_1963-64_079.html   (1170 words)

  
 Welcome to Divorce & Separation
Upon separation, spouses may receive a special "equalization payment", based upon an equal division of their wealth acquired during the marriage.
The value of the home, if owned at the time of marriage and separation, does not affect this equalization payment.
The details of the above calculations are somewhat complex; essentially, the value of your property at the date of separation is compared with that of your spouse.
www.divorce.on.ca /equalization.html   (307 words)

  
 Free Dominion :: View topic - Equalization buys big government
Well-intended transfer payments shift resources from "have" to "have-not" provinces to ensure a reasonably similar level of services across the country.
Nobel Laureate James Buchanan, the "father" of equalization theory, originally described it as a bribe to induce residents in low-income regions to stay home, to avoid swamping wealthy ones with migrants.
Equalization could instead be structured to place the "have-nots" back on a growth track.
www.freedominion.ca /phpBB2/viewtopic.php?t=22709   (3118 words)

  
 Equalization: pros and cons
Equalization payments from the Federal to State governments was proposed by
.....shrinkage is compensated for by increased equalization payments.
is not met by the present (breached) formula of equalization payments.
www.upei.ca /~rneill/canecpro/topic10.html   (1762 words)

  
 Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offset Payments Act, [2005, c. 30, s. 85]
The additional fiscal equalization offset payment that shall be made to the Province for a fiscal year corresponds to the amount determined by the Minister in accordance with the formula
Despite any other provision of this Act, no payment shall be made under sections 6 to 8 except to the extent that the aggregate of the payments determined under those sections for the fiscal year and the preceding applicable fiscal years exceeds $830 million.
Despite any other provision of this Act, no payment shall be made under sections 20 to 22 by the Minister to the Province except to the extent that the aggregate of the payments determined under those sections for the fiscal year and the preceding applicable fiscal years exceeds $2 billion.
www.canlii.org /ca/sta/n-27.5/whole.html   (2163 words)

  
 Fiscal Equalization Payments Regulations, 1992
His Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to section 40* of the Federal-Provincial Fiscal Arrangements and Federal Post-Secondary Education and Health Contributions Act, is pleased hereby to make the annexed Regulations respecting fiscal equalization payments in respect of the fiscal year beginning on April 1, 1992.
These Regulations may be cited as the Fiscal Equalization Payments Regulations, 1992.
(1) The estimate of the fiscal equalization payment that may be paid pursuant to the Act for the fiscal year beginning on April 1, 1992 to each province set out in column I of an item of the table to this section is the amount set out in column II of that item.
laws.justice.gc.ca /en/F-8/SOR-92-210/text.html   (464 words)

  
 One Plus Two Equals Seven; Equalization Payments Hurt My Brain · MadHacktress' Canadian Current Events, Politics ...   (Site not responding. Last check: 2007-11-04)
Before leaving office, Paul Martin made a commitment to increase the funding to the equalization program by 33 billion dollars over 10 years. This established a new floor for payments and he indicated that payments would never dip below 10 billion dollars again.
The big winner in 2004-2005 was Saskatchewan which, because of another special calculation within the program that included some sort of retroactive calculation received 586 million dollars in extra equalization actually ended up being equalized to higher-than-Ontario standards. This is a one-time thing for Saskatchewan, however.
This entry was posted on Wednesday, July 26th, 2006 at 2:51 am and is filed under Politics, Editorials.
www.dreamindigital.cc /blog/?p=606   (372 words)

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