ECON 241 Lecture 9: Oct 12th

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Fiscal federalism: fed- prov tax agreement, equalization, major transfers. Health separate based on 50/50 cost sharing arrangement cash transfer. Welfare- separate govern under canada assistance plan(cap) since. Pse (post- secondary education) 50/ 50 cost sharing cash + part(cid:455)(cid:863) ta(cid:454) poi(cid:374)t(cid:863) tra(cid:374)sfer. Are federal rules and financial penalties that apply. Health spending much be directed to contain areas. Provincial dissatisfied by rules that limit freedom to spend. Welfare still 50/50 under cap rules still apply. Spending on health and pse rolled into single, unconditional grant established programs financing(epf) U(cid:374)co(cid:374)ditio(cid:374)al lu(cid:373)p su(cid:373) gra(cid:374)t (cid:449)ith a(cid:373)ou(cid:374)ts ties to last (cid:455)ear"s dollars under 50/50 arrangement. Gra(cid:374)t co(cid:373)es i(cid:374) the for(cid:373) of cash plus a (cid:862)ta(cid:454) poi(cid:374)t(cid:863) tra(cid:374)sfer. Fed government transferred 13. 5% points of pit + 1% point of cit to provincials tra(cid:374)sfer of (cid:862)ta(cid:454) roo(cid:373)(cid:863) that are per(cid:373)a(cid:374)e(cid:374)tl(cid:455) past of provincial own- source revenue. Tax point if pit base is 100 bill $ then 1% tax would generate bill of revenue.

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