Ontario, historically an engine of economic growth in Canada, became a “have-not” province in 2009-10 and began to receive equalization payments for the first time. Since then, the province has received more than $14 billion in equalization payments, contributing to rapid growth in the size of its overall transfer envelope.
Ontario’s fiscal problems have emerged because the provincial government has failed to restrain its spending growth.
As a result, the province has continued to spend more than it takes in, running persistent budget deficits even as increased transfers continued to pour in from Ottawa.
Popular Posts
-
-- "Marvel has debuted its very first superhero who is female, deaf, Native American, and an amputee . Echo, the main character in ... -
-- "Who is Butler? His social media has largely been scrubbed already, but some were able to capture screenshots and videos of his o... -
-- "Karessa Edwards, 30, the mother of an infant who died after being found at an apartment building in midtown Toronto on Wednesda...
-
-- "The two women killed at a home in Courtice have been identified in new court documents. Michael Belhu, 33, has been charged with ... -
-- "Cathy Van Buskirk, who lives with complex and debilitating mental disorders , says she is heartbroken by the federal government... -
-- "Brampton residents Narinder Nagra, 50, and her two sons, Navdeep Nagra, 20, and Ravneet Nagara 22, along with Ranveer Araich, 2... -
SMELL THAT 'PROFESSIONAL' JOURNALISM... -- "While the 17 people charged are affiliated with three distinct crime groups , th... -
-- " Two men were killed and a woman was left clinging to life by knife-wielding maniac Ramon Rivera, 51, who went on an unprovoked... -
-- "Toronto Police’s Bomb Squad and K9 units have been called in after an Automated Teller Machine at St. Clair Avenue and O’Connor... -
DIVERSITY, STRENGTH... YOU KNOW THE DRILL... -- "The victim was boarding a TTC bus at Kipling Subway Station when they were approach...