Nemaska Lithium Inc NMKEF

RE:RE:RE:RE:All is good even excellent

[Calgary_AB]

just because there is a formula or not it doesn't mean I wasn't right saying money flow from AB to QC
I didn't attack the very stupid fellow quebecer of yours for no reason...he has no ideea what petro dollar means and he is saying the money is flowing from QC to AB and he is wrong...
the Formula needs to be changed QC is unfair to the rest of Canada...
QC got used to receive free money and they became lazy...just like NMX...

I call people names but you are going too personal wishing people to die and so on....
I have friends in QC supper nice people, too bad they are represented by people like you and your baboon group...

Got gold?

ewaltz22 wrote:

Me too I like reddit Calgary why don't you read the facts(in comments) and go back to choking on gold cocks
instead of attacking posters for no reason
 

• Quebec is the 2nd most populous province. 
• Equalization is based on a formula that calculates the difference between the per capita revenue yield that a particular province would obtain using average tax rates and the national average per capita revenue yield at average tax rates (thanks Wikipedia)
• In short, when your average provincial income per capita, standardized for Canada, is lower than the national average, you receive equalization. 
• Quebec has a lower average income per capita than the rest, but because of the size of the population, it comes out to a large payout.
• Per capita, Quebec is second lowest receiver (after Ontario). If we had to rank provinces on haves and haves not per capita, Quebec would therefore be at #6. 

To those saying Quebec needs to be cut off:

• Sovereigntists would love to end equalization payments. They argue it would prove Quebec can work independantly of the federal government
• Quebec receives lots, but, because of its population, also contributes lots. Essentially, every province put money in a pot, that Otawa divides according to its own rules. This is why when people say "Alberta pays for Quebec", it is simply false. Alberta pays into the pot, Ottawa then divides. 
• The rules that decide who gets how much are set by Ottawa, not by the provinces.
• Since equalization payments are part of our repatriated Constitution, which Quebec never signed, it can be argued that they never agreed in the first place to receive equalization.
• Numbers are debated, but if transfers between Quebec and Ottawa stopped altogether (no money moving from one to the other), Quebec's deficit would be between 5 and 15 billion dollars annually. A large amount for sure, but comes out to a deficit of 600-2000$ per capita. Considering the provincial debt per taxpayer of Quebec is currently 70,000$, this deficit would be a drop in the bucket.