Equalization payments in Canada

In Canada, the federal government makes equalization payments to less wealthy Canadian provinces to equalize the provinces' "fiscal capacity"—their ability to generate tax revenues. A province that does not receive equalization payments is often referred to as a "have province", while one that does is called a "have not province". In 2013–14, six provinces will receive $16.105 billion in equalization payments from the federal government.

Equalization payments in Canada

In Canada, the federal government makes equalization payments to less wealthy Canadian provinces to equalize the provinces' "fiscal capacity"—their ability to generate tax revenues. A province that does not receive equalization payments is often referred to as a "have province", while one that does is called a "have not province". In 2013–14, six provinces will receive $16.105 billion in equalization payments from the federal government.