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From: "John Feldsted" <jfeldsted@shaw.ca>http://www.sott.net/
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Subject: The Equalization Conundrum
The problem with Canada�s equalization program is that it is unfair and does not work.
Theoretically, each province is measured by its taxation potential. That means that resource-rich provinces can enjoy taxes from resource development � if they develop them.
Provinces with a large industrial base will get more tax income than those with smaller industrial bases.
Alberta has no sales tax, so it is measured as if it had a sales tax.
Provinces charge an enormous number of fees and charges that are not truly taxes, but amount to the same thing.
Left out of the equation entirely is the tax burden carried by residents of the various provinces. No one seems to have any clear answer to that one! There are all sorts of tables that compare tax rates at different levels of income, but that is only part of the answer.
Governments, federal and provincial have spent the past couple of decades piling on new taxes and have developed a habit of taxing taxes. One example is gasoline where we pay a federal excise tax, provincial road tax and then pay GST on both those taxes. In 2018 we will pay a federal excise tax, a provincial road tax, a carbon tax and GST on all three!
Our taxation system has become so convoluted and complex no one can keep track of how much in accumulated taxes and fees we pay or to whom.
Canada has become urbanized and providing services to the dwindling number of rural residents is increasingly expensive. Equalization has been with us since Confederation and was first formalized in 1957 � 60 years ago when our rural � urban mix was quite different.
A major flaw is that equalization payments go to provinces and are lost in provincial budgets which favour urban areas � that is where the votes are. Equalization funds should be directed to rural municipalities and towns which would allow them to improve infrastructure towards urban standards.
Better medical facilities upgraded sewer and water distribution and even child care could be available in rural areas. We are missing the boat by assuming that provinces will take care of rural areas instead of buying votes.
Finance ministers are meeting shortly to review our equalization program and my bet is that rural Canadians will be ignored again. That is no way to run a country.
John Feldsted
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