In 2019/20, equalization comprised 21 per cent of provincial government revenue in Prince Edward Island.
As a share of the province’s total government revenue, New Brunswick’s equalization payments fell from 23.7 per cent to 19 per cent.
In 2019, equalization represented 15.5 per cent of provincial revenue in Nova Scotia.
The legislative resolution, not the referendum, will trigger the duty to negotiate.
The equalization program will cost nearly $20 billion this year.
Alberta ran a $3.1 billion deficit in 2012/13—when oil prices were over US$80 per barrel.
Jason Kenney, leadership candidate for Alberta’s United Conservative Party, called for reform to Canada’s equalization program.