Since the equalization system began, these are the Federal payment dollars that have gone out to the various provinces.
Do you notice?
• Quebec has received $198 Billion (half of the total payments)
• Alberta has received under $1 Billion
According to Gary Lamphier, between 2000 and 2014, on a net basis, Alberta’s individual and corporate taxpayers shipped an estimated $200 billion-plus to the federal government. That’s what left the province, less what the Federal government reinvested here.
” During Alberta’s boom years, back in 2007 and 2008, the province’s taxpayers shipped more than $20 billion annually, on a net basis, to Ottawa. And when oil prices returned to triple-digit levels after the 2008-2009 recession, the cash gusher from this province returned. In 2011, for instance, it reached nearly $19 billion. “
This new set of crunched numbers seems to show the true amount of money that has been flowing out of Alberta. Unfortunately for Albertans, the money does not seem to flow back in.
Read more about it in Gary Lamphier’s full article.