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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
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the debtor sought discharge of a property equalization payment relying upon a 2002 case which the court found to be "outdated."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 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."
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.