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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.

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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!

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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).

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Grant Gilmour
Name : Grant G
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