equalization payment


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equalization payment

or

equalization grant

n
(Economics) Canadian a financial grant made by the federal government to a poorer province in order to facilitate a level of services equal to that of a richer province
References in periodicals archive ?
The difference is that the $425,000 equalization payment owed PolyMet by the USFS as a result of the administrative exchange would be waived by the company in the legislative exchange.
Provision was also made for transition payments for 2009-10, to ensure that no province would receive less than its equalization payment in 2008-09 (Department of Finance, Canada, 2009).
Indeed, Hinman points to a complete turnaround by Finance Minister Lyle Oberg when he backed down from a confrontation with Ottawa, announcing suddenly on March 12 that the PCs won't bother defending the province's resource revenue from the federal equalization payment formula.
But Chartier wrote that he found the Harper government position paper on equalization payment reform, entitled Restoring Fiscal Balance in Canada: Focusing on Priorities, to be "troubling.
4 million profit equalization payment earned from its partner, Takeda Pharmaceutical Company Limited (Takeda) related to OMONTYS([R]) (peginesatide) Injection product sales during the period.
It seems that at the present time, Ontario does provide a net subsidy to the north of about $1,026 per capita, which Manitoba may not be able to pick up without a federal equalization payment.
According to one report, Ottawa plans to have new equalization payment allocations in place by April 2006.
Let's assume there is no net equalization payment between Mom and Dad because, given their incomes, each is already paying the right amount.
On one day, the regular business was set aside to debate an emergency resolution on the provision of an agricultural trade equalization payment.
6% in fiscal 2011, the district expects a minimal decline of less than 2% in TAV for fiscal 2012 and an equalization payment approximating $50 million.
4% above budget, led by strong personal and corporate taxes, higher revenue from Crown land sales, and an unbudgeted federal equalization payment.