Moe proposes new 50/50 equalization system
Premier Scott Moe wants to fundamentally change how provincial equalization payments are calculated in Canada.
Speaking to reporters in Saskatoon Wednesday morning, Moe pitched a revamp of the federal program that provides money to “have not” provinces.
The proposal would see 50 per cent of the nearly $19 billion collected each year from the provinces redistributed to every jurisdiction on a per-capita basis. The other half would be calculated using the current formula.
“Our proposal, we believe, is simple, fair and equitable to all Canadians,” Moe said.