The equalization payment
is recorded as revenue for the company (it is marked on the books as "other income related to sales" within total revenue).
July 27, 2010), the debtor sought discharge of a property equalization payment
relying upon a 2002 case which the court found to be "outdated." See also Ginzl v.
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
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."
The deal guarantees Newfoundland and Labrador at least 85 percent of its equalization payment
from the previous year, and as much as 95 percent, depending on the province's revenues compared to other provinces.
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
. Joining Manitoba would provide the North with a greater voice in the provincial legislature, lower electricity rates, and being closer to the provincial capital of Winnipeg, hopefully translate into increased spending on many government programs.
* 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
. On another day, a farm Bill on agricultural equipment was passed through all stages and granted royal assent.