Transfer payments

JLM

JLM

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I'm just wondering if anyone knows the formula used to calculate transfer payments among the provinces of Canada, or if anyone knows where this information can be obtained. I'd hate to think that individual politicians have anything to do with it. :lol::lol:
 
Cannuck

Cannuck

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JLM said:
They're not the same??????????????????????
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Equalization payments are a type of transfer payment but the government transfers money for health and social services that have nothing to do with whether or not you are a have or have not province. I'm not sure if you remember a few years back when Alberta toyed with the idea of extra billing. The federal government said they would withhold health transfers if the province went ahead with it.
 
JLM

JLM

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Cannuck said:
Equalization payments are a type of transfer payment but the government transfers money for health and social services that have nothing to do with whether or not you are a have or have not province. I'm not sure if you remember a few years back when Alberta toyed with the idea of extra billing. The federal government said they would withhold health transfers if the province went ahead with it.
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OK, I remember that, upon giving it some deep thought (not something you normally do past age 60) I do hazily realize equalization and transfers are not the same.
 
L Gilbert

L Gilbert

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lol But Alberta does transfer money for equalisation payments. It gets some money, it gives some. Same as any other province/territory. The amounts and directions of payments just differ. I think that's where people get confused. I think it's just a gimmick to keep bureaucrats employed.
 
TenPenny

TenPenny

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My understanding is that transfer payments are monies sent from the fed to the provinces to cover health care, social services, all sorts of things, and are generally population based.

Equalization is a special type of transfer payment, which is designed to compensate for the fact that some provinces don't have the sort of economy that generates enough tax revenue to provide a basic level of service to its residents.
 
pegger

pegger

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Sorry - I guess the sarcasm wasn't coming through - but you do get my point...

Equalization is a subset of Federal Transfers. In my opinion, you can't talk about "equalization" without taking into consideration the larger picture of all transfers. It's all part of the same "pie."
 
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taxslave

taxslave

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L Gilbert said:
lol But Alberta does transfer money for equalisation payments. It gets some money, it gives some. Same as any other province/territory. The amounts and directions of payments just differ. I think that's where people get confused. I think it's just a gimmick to keep bureaucrats employed.
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That is the main goal of government -obfuseification. That way most taxpayers just give up in frustration and the politicians get to buy some more votes with our money.
 
Cannuck

Cannuck

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All equalization payments are transfer payments.

Not all transfer payments are equalization payments.

Conscription if necessary but not necessarily conscription.
 
L Gilbert

L Gilbert

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lol
Lemme see, taxpayers in the provinces pay taxes; some of the taxes go to the feds and some to the provs; the feds take some and divvy it back to provinces for whatever reason. Damn, seems like transfers to me; equalisation is just one of the reasons for the transfer. It's still a gimmick.
 
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