Federal Transfer Payment Details Released

Over the weekend, the federal government released the details of its transfer payments to the provinces. Overall, the announcement was good news for Ontario, which is received an increase of $866 million in transfers for 2015-16, including a $788-million increase in the Canada Health Transfer, a $147-million increase in the Canada Social Transfer and a $59-million decrease in equalization payments. See below for more details and charts on the transfer payments:

Overall Federal Support to Provinces and Territories 2007-2017 (in millions)

Screen Shot 2015-12-22 at 12.19.29 PM

Screen Shot 2015-12-22 at 12.04.46 PM
Source: Department of Finance Canada

 

Equalization Payments 2007-2017, by Province (in millions)

Screen Shot 2015-12-22 at 12.08.24 PM

Screen Shot 2015-12-22 at 12.05.14 PM
Source: Department of Finance Canada

 

Share of Major Transfer Payments, by Province (in millions)

Screen Shot 2015-12-22 at 12.05.27 PM
Source: Department of Finance Canada

 

Federal Transfers to Ontario 2007-2017 (in millions)

Screen Shot 2015-12-22 at 12.20.02 PM

Screen Shot 2015-12-22 at 12.04.59 PM
Source: Department of Finance Canada

 

For more:

Mowat Centre TLDR: Transfer Payments-Answers to the Questions you were too embarrassed to ask

Ministry of Finance Canada: Federal Support to Provinces and Territories

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