Quebec..has to be careful. You can't turn your nose up to develpment and revenue because the aboriginals who sign MOU's decide one day...they wish to turn their nose up.
Perhaps Matthew C. Come and friends can pay the equalization payments that Quebec receives from the Federal Gov't (aka TAXPAYERS)...for underperforming!!@@?$
Harper made a trade agreement with India for selling them Uranium from Canada.
So, let's think about this for a minute. Tax payers are chipping in by way of equalization payments to help good ole Quebec who is underperforming....The Canadian Nuclear agency has given a Green light to Matoush and ...Quebec is going to ...side with who exactly....Should they side with the Cree....the lawsuits would just be the beginning...Quebec better hope the Cree will pay for the equalization payments that the TAXPAYERS won't be too keen on paying!!@
Equalization is the Government of Canada’s transfer program for addressing fiscal disparities among provinces. Equalization payments enable less prosperous provincial governments to provide their residents with public services that are reasonably comparable to those in other provinces, at reasonably comparable levels of taxation. Not every province receives equalization transfers. Six provinces will receive equalization payments in 2012-13: Prince Edward Island, Nova Scotia, New Brunswick, Quebec, Ontario and Manitoba. The provinces that don’t receive equalization are frequently referred to as the “have” provinces and those that do receive money under this program as the “have-not” provinces...
Why does Quebec get so much equalization?
Of the six provinces receiving equalization in 2012-13, Quebec does receive the most in terms of total equalization payment, $7.9-bn. However, on a per capita basis, Quebec actually receives the second least amount of equalization. Quebec, like all recipient provinces, receives equalization based on two factors: its population, and because its fiscal capacity is below the average fiscal capacity of all provinces – known as the “10 province standard”. However, while Quebec’s fiscal capacity is below the 10 province standard, it is not that as far below the standard as some of the other recipient provinces since it has a fairly diversified and large economy, as well as being quite populous. On a per capita basis, Quebec gets only $926 per citizen from equalization. Ontario gets $243 per citizen. Ontario’s fiscal capacity is better than Quebec’s, and so it receives less equalization overall ($3.2-bn) and it has a much larger population – 13,373,000. Prince Edward Island is actually the province which benefits the most from equalization. It receives the smallest overall amount, $337-mn, but with a population of only 146,000, that works out to $2,308 per Islander. This chart shows how much equalization each province receives total, and per capita:
It is a federal program, paid for by the federal government, from its general revenues. All taxpayers in the country contribute to the general revenues of the federal government when they pay their personal income tax, sales tax, duties, corporate income tax, etc. Therefore, taxpayers in every single province have been contributing funds used for equalization from the very day the program started. There aren’t separate start dates for individual provinces, because Ottawa does not collect tax income from provinces, but from individuals.