Ontario may pay into federal equalization program. Not happy lol

[rage2]

http://www.cbc.ca/news/business/oil-...tion-1.3204437

Must be nice to be Quebec. The sad part about all of this...

"Albertans will fund their share, probably $2 billion of the $17 billion program, even though they're getting hammered by $40 oil and there's massive lay-offs," Wall said.

[killramos]

Don't worry when they put themselves so far into debt that they are paying 30% of their budget just to service interest payments they will be back on the equalization tithe.

[revelations]

Maybe an AB recession is a good thing long term as the rest of Canada begins to realize what happens to them when AB starts to slow down their "evil" tar sands.

And once again, QC shows why Greece is a failed state. Low worker production, entitlement and lack of common sense will end up being their demise. They are just being propped up by the rest of Canada.

[ipeefreely]

"One change we'd like to make, to modernize it, is to include hydro in the calculation," he said. "We'd also argue those provinces with the great advantage of hydro that other's don't have should probably have to have that included in their calculation of economic capacity."

Provinces that have hydroelectric power are able to export it, but profits made on those exports aren't part of the equalization formula, according to Wall.

How is hydro not included in the calculations???

Quebec makes a shit ton of money selling hydro!!

[killramos]

Originally posted by ipeefreely

How is hydro not included in the calculations???

Quebec makes a shit ton of money selling hydro!!

you answered your own question hahaha

[Cos]

.