NEWS
 
Ontario doesn't come out on top in transfer payments
The parliamentary budget officer looks into how much money provinces are getting
6 1

A new report out of Ottawa says Ontario is the big loser when it comes to federal transfer payments.

This comes after those at Queen's Park have been shaking their fists for a year, hoping to get some of the money back.

The parliamentary budget officer says that the transfer payments Ontario will be receiving this year are down 3.2 per cent from what it received last year. And while it still equates to $19.2 billion, it's less money the province can put aside for things like healthcare or education.

"The current system of federal-provincial fiscal arrangements is working against, not for, the people of Ontario,"  the province's Finance Minister Charles Sousa said in a statement.

He goes on to say that a few years ago, Ontario contributed $11 billion more to the federal government than the province received in return.

However, Ottawa countered that.

"Ontario will receive over $19 billion in federal transfers this year, an increase of 76 per cent from under the old Liberal government," a federal finance department spokesperson said in an email to Newstalk 1010.

"This support helps ensure Ontario has the resources to provide essential public services including health care, post-secondary education and other social services."

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  1. Who'da thunk it? posted on 06/19/2014 05:16 PM
    Gee, it's almost as if Ontario is in a really shitty financial situation and needs to both reduce spending and stimulate job growth!
  2. Dean posted on 06/19/2014 05:32 PM
    Stephen Harper understands and will give Ontario what it needs.
    Stephen will look beyond the last provincial election and will do what's right!
  3. Alex posted on 06/19/2014 05:40 PM
    But-but-but, those payments are where my free welfare payments come from! I need that! Without being able to mooch from the other provinces, how will the glorious Liberal vision where everyone either works for the province or relaxes on welfare ever come to pass?!

    NOOOOOO FAAAAAAAAIR!
  4. Alex posted on 06/19/2014 05:41 PM
    █ NO FAIR █ NO FAIR █ NO FAIR █ NO FAIR █ NO FAIR █ NO FAIR █ NO FAIR █ NO FAIR █
  5. Ernie posted on 06/19/2014 05:56 PM
    Maybe getting rid of 100,000 uneeded beurocrats wasnt such a bad idea after all. 100,000 x $100,000 per year each = $ 10 billion per year. Holy crap thats alot!
  6. G Man posted on 06/20/2014 08:23 AM
    I guess the feds looked at Wynne's budget and concluded that Ontario must have a lot of money since they're spending like mad, so they don't need much from us.
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6 1

A new report out of Ottawa says Ontario is the big loser when it comes to federal transfer payments.

This comes after those at Queen's Park have been shaking their fists for a year, hoping to get some of the money back.

The parliamentary budget officer says that the transfer payments Ontario will be receiving this year are down 3.2 per cent from what it received last year. And while it still equates to $19.2 billion, it's less money the province can put aside for things like healthcare or education.

"The current system of federal-provincial fiscal arrangements is working against, not for, the people of Ontario,"  the province's Finance Minister Charles Sousa said in a statement.

He goes on to say that a few years ago, Ontario contributed $11 billion more to the federal government than the province received in return.

However, Ottawa countered that.

"Ontario will receive over $19 billion in federal transfers this year, an increase of 76 per cent from under the old Liberal government," a federal finance department spokesperson said in an email to Newstalk 1010.

"This support helps ensure Ontario has the resources to provide essential public services including health care, post-secondary education and other social services."

Leave a comment:

showing all comments · Subscribe to comments
  1. Who'da thunk it? posted on 06/19/2014 05:16 PM
    Gee, it's almost as if Ontario is in a really shitty financial situation and needs to both reduce spending and stimulate job growth!
  2. Dean posted on 06/19/2014 05:32 PM
    Stephen Harper understands and will give Ontario what it needs.
    Stephen will look beyond the last provincial election and will do what's right!
  3. Alex posted on 06/19/2014 05:40 PM
    But-but-but, those payments are where my free welfare payments come from! I need that! Without being able to mooch from the other provinces, how will the glorious Liberal vision where everyone either works for the province or relaxes on welfare ever come to pass?!

    NOOOOOO FAAAAAAAAIR!
  4. Alex posted on 06/19/2014 05:41 PM
    █ NO FAIR █ NO FAIR █ NO FAIR █ NO FAIR █ NO FAIR █ NO FAIR █ NO FAIR █ NO FAIR █
  5. Ernie posted on 06/19/2014 05:56 PM
    Maybe getting rid of 100,000 uneeded beurocrats wasnt such a bad idea after all. 100,000 x $100,000 per year each = $ 10 billion per year. Holy crap thats alot!
  6. G Man posted on 06/20/2014 08:23 AM
    I guess the feds looked at Wynne's budget and concluded that Ontario must have a lot of money since they're spending like mad, so they don't need much from us.
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