equalization

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Title: equalization

Essay Details:

Subject: Business

Author: Bobbie C

Date: June 27, 2013

Level: University

Grade: A

Length: 4 / 942

Essay text:

Buchanan defined payments that the federal government made to "weaker" provinces as equalization payments. Canada implemented the equalization program in 1957 and has been making unconditional grants since then. Today the department of financial Canada defines equalization as a: "Federal transfer program that allows provinces, regardless of their ability to raise revenue to provide roughly comparable levels of services at roughly comparable levels of taxation. Eligibility to receive equalization funding is determined by a formula measuring each province's revenue ? raising capacity against five ? province standard...

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