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11-15-2019, 08:44 AM
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Join Date: Apr 2010
Location: New Beijing, Canada
Posts: 1,470
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Transfer Payments
https://nationalpost.com/news/canada...cks-up-the-tab
Excerpts below...
In just 11 years, Albertans have paid out almost $240 billion to the rest of Canada.
That number is more than one-and-a-half times as much as B.C. and Ontario combined, whose taxpayers pitched in $54.6 billion and $97.9 billion respectively, the other two largest net contributors to the federal balance sheet.
The money is sent to Ottawa as part of net federal fiscal transfers — basically the residents of Alberta, British Columbia and Ontario pay more in federal taxes than they get back in federal programs and transfers — they are net positive contributors to the federal finances. And in Alberta’s case it has been doing that for a lot of years.
Other provinces are net negative contributors — they get more back in federal programs and transfers than they give in taxes. In Quebec’s case its net negative contributor was minus $171.3 billion from 2007-2018.
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11-15-2019, 09:29 AM
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Moderator
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Join Date: Feb 2015
Posts: 7,595
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Then those *****s have the nerve to say it's because Alberta hasn't managed the budget very well and they have a surplus because they have.
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11-15-2019, 09:38 AM
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Join Date: May 2007
Location: Provost
Posts: 5,006
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I just threw up in my mouth a little bit!
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11-15-2019, 10:51 AM
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Join Date: Sep 2008
Location: NW Calgary
Posts: 2,785
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They tried to claim that the government of Alberta doesn’t cut them a cheque so it doesn’t count. It is all Albertans cutting the cheque in the form of taxes! Hypocrites.
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11-15-2019, 11:01 AM
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Banned
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Join Date: May 2009
Location: Communist state
Posts: 13,245
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I can’t think of a thing I would do with $240 billion dollars
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11-15-2019, 11:19 AM
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Join Date: Nov 2010
Location: Fort McMurray, AB
Posts: 2,514
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“ I don’t take their monies... what is this?”
When the leader of the Bloc has that attitude how will we even get an inch of ground to stand on.
It is an unfair system. Perhaps create a cap? Can’t pull more than “X$”. Shouldn’t contribute more than “X$”
Alberta gets a refund and Quebec gets limited money to withdraw
I know it’s more complex than that but it is very frustrating and unfair.
__________________
Be sure of your target and what lies beyond.
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11-15-2019, 07:00 PM
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Join Date: Sep 2016
Location: Calgary
Posts: 361
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Its important to keep in mind that the equalization system is how collected federal tax is distributed. In every province the federal tax rate is the same. Increases or decreases in federal funding for a province are calculated based on comparing the provincal per capita federal tax contribution to the national average.
The system does not factor in the provincial tax system. So yes Quebec who has a large population and a lower average income ends up getting a federal funding top up regardless of the state of the provincial budget. They ended up with a surplus because their provincial tax rate is much higher than ours for personal income and there are several employer taxes that many other provinces do not have that apply even if your an out of province business.
Could we talk about changing the equalization system? Sure, but if we start factoring in a province's budget for equalization what prevents a province from deciding to eliminate provincial taxes and hoarding federal money?
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11-15-2019, 07:24 PM
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Join Date: Apr 2012
Location: Edmonton
Posts: 8,269
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It’s funny how Alberta only gets consideration when it comes to sending money to Ottawa and beyond. The rest of the time they don’t give a **** about us!
BW
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11-16-2019, 01:45 AM
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Join Date: Oct 2012
Location: Edmonton
Posts: 2,375
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Quote:
Originally Posted by jrowan
Its important to keep in mind that the equalization system is how collected federal tax is distributed. In every province the federal tax rate is the same. Increases or decreases in federal funding for a province are calculated based on comparing the provincal per capita federal tax contribution to the national average.
The system does not factor in the provincial tax system. So yes Quebec who has a large population and a lower average income ends up getting a federal funding top up regardless of the state of the provincial budget. They ended up with a surplus because their provincial tax rate is much higher than ours for personal income and there are several employer taxes that many other provinces do not have that apply even if your an out of province business.
Could we talk about changing the equalization system? Sure, but if we start factoring in a province's budget for equalization what prevents a province from deciding to eliminate provincial taxes and hoarding federal money?
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You failed to mention the revenue from hydro that Quebec gets to keep without claiming. Perhaps to even it out a little more, Alberts revenue from oil should be exempt.
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11-16-2019, 06:40 AM
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Join Date: Sep 2013
Location: Calgary
Posts: 1,721
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Quote:
Originally Posted by brslk
You failed to mention the revenue from hydro that Quebec gets to keep without claiming. Perhaps to even it out a little more, Alberts revenue from oil should be exempt.
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It is claimed. The complaint about the hydroelectric is they don’t charge enough for it. The revenue from hydro is much lower than it should be.
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11-16-2019, 03:43 PM
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Join Date: Aug 2010
Location: Calgary
Posts: 2,315
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If we could keep that 240 billion, and tell q-beck and ottawa to go pound sand, would we be able to survive without a seaport..........?
I hope so, but let's face it - a seaport is vital for us to be to be part of the Global Economy, and we wouldn't have one.
The States and the Yukon can sign all the contracts they want with us, but contracts can be broken at someone else's convenience without MAJOR enforcement - which just isn't there these days.
For that reason I'm more in favor of "firewalls" and "nullification" (as the Americans call it), instead of Secession.
JMO
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11-16-2019, 05:07 PM
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Join Date: Nov 2014
Location: Calgary
Posts: 513
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Quote:
Originally Posted by jrowan
Its important to keep in mind that the equalization system is how collected federal tax is distributed. In every province the federal tax rate is the same. Increases or decreases in federal funding for a province are calculated based on comparing the provincal per capita federal tax contribution to the national average.
The system does not factor in the provincial tax system. So yes Quebec who has a large population and a lower average income ends up getting a federal funding top up regardless of the state of the provincial budget. They ended up with a surplus because their provincial tax rate is much higher than ours for personal income and there are several employer taxes that many other provinces do not have that apply even if your an out of province business.
Could we talk about changing the equalization system? Sure, but if we start factoring in a province's budget for equalization what prevents a province from deciding to eliminate provincial taxes and hoarding federal money?
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That kind of seems like a false dilemma. Not saying I know how to fix it but surely there is more options than keeping the status quo and taking into account provincial budget.
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