Prov­inces, feds to de­bate equal­iza­tion pro­gram

Waterloo Region Record - - CANADA -

A decades-old sore spot in the Cana­dian fed­er­a­tion is days away from an­other flare-up as the coun­try’s fi­nance min­is­ters pre­pare to dis­cuss po­ten­tial tweaks to the for­mula be­hind equal­iza­tion pay­ments. Bri­tish Columbia Fi­nance Min­is­ter Ca­role James said in an in­ter­view that the fed­eral gov­ern­ment is propos­ing a change to in­clude non-res­i­den­tial prop­erty val­ues as part of the com­plex cal­cu­la­tion. The ad­just­ment would likely make it more dif­fi­cult for prov­inces with prop­erty val­ues well above the na­tional av­er­age — such as B.C. and On­tario — to qual­ify as re­cip­i­ents of equal­iza­tion pay­ments from Ot­tawa.

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