Sentence examples for equalization payment from inspiring English sources
noun
Extra money transferred from the federal government to a province, drawn from general tax revenue and intended to redistribute some wealth from relatively prosperous provinces to relatively poor provinces.
Goldman Sachs said: The announced equalization payment of around $240m is well below our estimated value of $450m (to keep private Kazakhmys cash positive through the end of the decade) and hence a positive for Kazakhmys shares.
Toronto used to receive a $5 million currency equalization payment from Major League Baseball but those payments ended when the Canadian dollar began to strengthen several years ago.
The N.H.L. has already promised to maintain equalization payments of about $3.7 million annually to the teams in Montreal, Toronto, Ottawa, Edmonton, Calgary and Vancouver as compensation for the dollar difference between Canada and the United States.
Other sections of the act recognized the aboriginal and treaty rights of native peoples, strengthened the provinces' jurisdiction over their natural resources, and committed the central government to provide public services of reasonable quality across Canada by ensuring revenue (equalization) payments to the provinces.
The next sections of the Constitution Act, 1982, including section 35 (which affirms Aboriginal rights) and section 36 (which affirms equalization payments), are thus not Charter rights.
Equalization payments are made by the federal government to ensure that reasonably uniform standards of services and taxation are kept between the richer and poorer provinces.
A poll showed support for the Williams government was at 86 percent after Williams secured a deal with Federal Prime Minister Martin over equalization payments.
In late 2004, premier Danny Williams threw a temper tantrum over the possibility that the province's sudden oil wealth might mean we'd get less money from our equalization payments, so he tugged at our soft-nationalist heartstrings by pulling the Canadian flag down from every government building in the province.
Canada's federal government contributes to the financing of each provincial health system through equalization payments that work to minimize inequities in essential services, with the amount paid to each province differing on the basis of need [ 22].
Until 2012 an ex-post (retrospective) risk-sharing scheme was in place, and this accounted for an estimated 25% of total risk-equalization payments in 2010 [ 14].
The provincial budget also depends on federal equalization grants and other federal transfer payments.
