Oh boy! Ontario is going to receive equalization payments next year – free money from other provinces. How much federal pogey can we look forward to, and how does that compare to the other provinces?
- Ontario, population 12,891,787
Equalization payment: $347 million
Per capital equalization: $26.92
- Quebec, population 7,744,530
Equalization payment: $8.35 billion
Per capita equalization: $1078.18
- Manitoba, population 1,196,291
Equalization payment: $2.1 billion
Per capita equalization: $1755.43
- Prince Edward Island, population 139,407
Equalization payment: $340 million
Per capita equalization: $2438.90
So PEI, a province with a population roughly the same as Oshawa, is receiving the same sum payment as Ontario. I understand it’s pretty much impossible for the province home to nearly 40% of Canadians to draw much from this program, but those numbers are absurd.
Twenty five bucks per person isn’t going to make a difference to this province’s finances.