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Until the 2009–2010 fiscal year, Ontario was the only province to have never received equalization payments; in 2009-2010 Ontario received 347 million dollars, while Newfoundland, which has received payments since the program's creation, is now a so-called "have" province, and is now a net contributor and does not receive payments.
It would raise their "bottom line, while forcing Ontario's minority Liberal government to find the difference ahead of a budget that [had] the potential of triggering a provincial election." In 2013–2014, Ontario's per capita payments were the lowest at $230.20. As of 2019–2020 Ontario stopped receiving equalization payments.
Legislation. Under the Constitution Act, 1867, taxation powers are vested in the Parliament of Canada under s. 91 (3) for: 3. The raising of Money by any Mode or System of Taxation. The provincial legislatures have a more restricted authority under ss. 92 (2) and 92 (9) for: 2. Direct Taxation within the Province in order to the raising of a ...
Ontario, Quebec, New Brunswick, and Nova Scotia were the original provinces, formed when several British North American colonies federated on July 1, 1867, into the Dominion of Canada and by stages began accruing the indicia of sovereignty from the United Kingdom. Prior to this, Ontario and Quebec were united as the Province of Canada.
The Quebec sovereignty movement (French: mouvement souverainiste du Québec) is a political movement whose objective is to achieve the independence of Quebec from Canada. Sovereignists suggest that the people of Quebec make use of their right to self-determination – a principle that includes the possibility of choosing between integration ...
Ontario: HST: 8: 13 Prince Edward Island: HST: 10: 15: The HST was increased one point to 15% on October 1, 2016. Quebec: GST + QST: 9.975: 14.975: Books are taxed at 5.0% (considered essential goods for QST but not for GST). There is an additional tax on tourist lodgings such as hotels which is usually 3.5%. This tax does not apply in Nunavik.
In July 2011, the Government of Ontario introduced the Ontario photo card for Ontarians who do not hold a valid Ontario driver's licence. [18] The fee is $35 for five years. As of May 2012, more than 40,000 cards are in circulation. [19] It is offered at 85 ServiceOntario locations. [19]
The Ontario Financing Authority, which manages the provinces' debt, says that as of March 31, 2020 (for the 2019-20 fiscal year), the Ontario government's net debt is CDN $353.3 billion. [3] Net debt is projected to rise to $398 billion in 2020-21. The Debt-to-GDP ratio for 2019-2020 was 39.7%, and is projected to rise to 47.1% in 2020-21. [6]