Gilmour Group

info@gilmour.ca | 604-888-4200

Current Vancouver time:

Blog Post

09
AUG
2019

Are Transfer Payments Between Canadian Federal and Provincial Governments a Way of Matching Taxes Received to the Province they are Received in and Belong to?

Posted By :
Comments : Off

(a) Yes. (b) No.

(b) No.

Transfer payments are also called equalizaton payments. They are not used to equalize taxes received to the provinces where the taxes relate to. Instead they are a means to move money from “have” provinces to “have not” provinces.

Read more »

Grant G
About the Author
Grant has been in the CA business since 1988; the last twenty plus in his own practice (this one). Grant loves his business, family and learning!

Follow us in LinkedIn

Follow us in Twitter

Office Hours

Our Vancouver office is open from 8:00 a.m. to 4:00 p.m. PST, Monday to Thursday, and from 7:00 a.m. to 1:00 p.m. on Friday.

Canadian Tax FAQs

Canadian FAQ #315 - What are Registered Disability Savings Plans (RDSPs)

November 26, 2019

Canadian FAQ #314 - What are Trademark Rights?

November 19, 2019

Sign up below to receive our Tax Savvy FAQs for Canadians (you must confirm your subscription):

International Tax FAQs

International FAQ #62 - New Digital Service Tax for the UK

December 03, 2019

International FAQ #61 - New U.S. Forms for Doing Business in Canada

November 05, 2019

Sign up below to receive our International Tax Savvy FAQs (you must confirm your subscription):

Formula for Success

Formula for Success FAQ #7 : Simple vs Easy

July 31, 2018

Formula for Success FAQ #6 : Being Late vs Wrong

June 26, 2018

Formula for Success FAQ #5 : Can Tax Really be Avoided?

May 29, 2018

Members of:

CPA BC
CPA Canada
Integra International
Fraser Valley CPAA

About Us

We are local Chartered Professional Accountants (CPAs) who primarily serve Langley, Surrey, and Abbotsford in British Columbia, and Calgary in Alberta.

Our clients are primarily manufacturing and distribution companies, but we also have a division specializing in International tax, which includes Canadian companies expanding into foreign markets and foreign companies expanding into Canada.

We are also member of the Fraser Valley TAX Technical Group (FVTTG).

Thanks for Visiting

Grant Gilmour
Name : Grant G
Position : Partner
Dave Sran
Name : Dave S
Position : Manager
Angela Hardbattle
Name : Angela H
Position : Manager
Name : Dawn L
Position : Manager
Diane Sawyer
Name : Diane S
Position : Tax Technician

Security

This website uses GeoTrust SSL for secure e-commerce and confidential communications.


GeoTrust
© copyright Gilmour Group Chartered Professional Accountants Inc. All Rights Reserved.
Site & Email News: Market 2 All