Income Splitting.... How that is good!!
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- boyohboy
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- divx
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very good, now that you are citing sources, I will see your 1 source and rise you with 2 sourcesjfmartel wrote: ↑Found you an english article
http://www.lifeinquebec.com/debunking-t ... -payments/
http://en.wikipedia.org/wiki/Equalizati ... _in_CanadaQuebec will receive the most from equalization payments in the 2013-2014 year.[4]
However, per capita, PEI benefits the most. In the 2013-2014 year, the following provinces will receive equalization payments:[4]
Quebec ($7.833 billion)
Ontario ($3.169 billion)
Manitoba ($1.792 billion)
New Brunswick ($1.513 billion)
Nova Scotia ($1.458 billion)
Prince Edward Island ($340 million)
http://www.torontosun.com/2012/08/17/qu ... nt-programOTTAWA - Canadians have given Quebec a quarter of a trillion dollars in equalization payments since 1957, half of all the money the program has handed out. Over that span of more than 50 years, Quebec has always been the biggest beneficiary, and has never been a net contributor to equalization.
[IMG]http://storage.torontosun.com/v1/suns-p ... quality=80[/IMG]
- jfmartel
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Quebec is the biggest receiver because the payment is for every citizen. In terms of payment received by citizen, we are 5th out of 6.
Anyway, that does not prove your point that Canada is funding our social program. Our big QC taxes does.
Anyway, that does not prove your point that Canada is funding our social program. Our big QC taxes does.
- mr_raider
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Indeed. 8 billion a year does sound impressive, until you consider that QCs health care budget alone is 32billion, and Education 17 billion
http://www.informa.msss.gouv.qc.ca/Deta ... ygUZP3K9w=
That 8 billion in transfers barely puts a dent in the welfare costs. The lion's share of Quebec social programs are paid for by direct and indirect taxes levied on it's citizens. We have the highest marginal and average tax rates, highest sales tax, highest license and registration fees, and just about the most expensive anything other than housing.
Furthermore make no mistake, equalization payments come from federal tax dollars. It essentially represents federal over taxation of provinces, since it's money the federal just shuffles around year, to year. The proper solution to equalization is to reduce federal taxation so that the excess is not generated and the provinces keep that money.
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i agree, best to drop the tax at the sourcemr_raider wrote: ↑Indeed. 8 billion a year does sound impressive, until you consider that QCs health care budget alone is 32billion, and Education 17 billion
http://www.informa.msss.gouv.qc.ca/Deta ... ygUZP3K9w=
That 8 billion in transfers barely puts a dent in the welfare costs. The lion's share of Quebec social programs are paid for by direct and indirect taxes levied on it's citizens. We have the highest marginal and average tax rates, highest sales tax, highest license and registration fees, and just about the most expensive anything other than housing.
Furthermore make no mistake, equalization payments come from federal tax dollars. It essentially represents federal over taxation of provinces, since it's money the federal just shuffles around year, to year. The proper solution to equalization is to reduce federal taxation so that the excess is not generated and the provinces keep that money.
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- theBeachBoy
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I didn't know this thread was now about Quebec...
I would not be proud to be WAY above all provinces except the maritimes...
it's shameful to have so much perequation
p.s. my profile says Calgary but I am back in Quebec.
I would not be proud to be WAY above all provinces except the maritimes...
it's shameful to have so much perequation
p.s. my profile says Calgary but I am back in Quebec.
- mr_raider
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It's not question of pride. It's about the false claim that the ROC is subsidizing Quebec's generous social programs. Personally I think equalization should be eliminated. It's over taxation. If the fderal gov't wants to standardize a service or program across all provinces, they should just fund it directly. Equalization prevens Quebec from addrssing the fundamental issue with it's economy, lower productivity per worker.theBeachBoy wrote: ↑I didn't know this thread was now about Quebec...
I would not be proud to be WAY above all provinces except the maritimes...
it's shameful to have so much perequation
p.s. my profile says Calgary but I am back in Quebec.
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- Guest3897489578
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theBeachBoy wrote: ↑I didn't know this thread was now about Quebec...
I would not be proud to be WAY above all provinces except the maritimes...
it's shameful to have so much perequation
p.s. my profile says Calgary but I am back in Quebec.
Agreed. In Quebec this is referred to as Bien être social. It's shameful.