Equalization payments – 2018-19 – something’s wrong with this system
As Brad Wall posted on Facebook . . .
Quebec is cutting income taxes, sending cheques to parents, and will balance their budget.
Wondering where they got the money?
This year, Quebec is receiving $11.7 BILLION in equalization, which makes up 11% of their total revenue. That’s $650 MILLION more than last year.
Saskatchewan taxpayers are contributing $580 million to equalization just this year and again receive ZERO dollars in equalization as our finances struggle with the challenge of stubbornly low commodity prices.
Something isn’t right.