Equalization

Time to Overhaul Equalization

With Ontario clamouring for change to Canada’s equalization payment system and even beneficiaries in Atlantic Canada questioning its worth, the time is ripe for an overhaul of what has become an antiquated model of fiscal federalism, which rewards failure and punishes success.

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Drowning in a sea of structural funds?

“It’s when you hear people seriously suggesting that Portugal should fiddle its official statistics, so that we are still rated poor enough to qualify for European subsidies, that you wonder if this has gone too far” – The Economist looks at the debilitating effects of regional aid… obvious parallels in Canada…