This Mowat Note assesses the risks of a provincial debt crisis and suggests proposals to limit these risks, with particular attention to fiscal federalism.
This week, the National Post published my op-ed addressing recent comments made by Canada’s federal Finance Minister regarding Ontario’s long-standing criticism of federal policies governing fiscal transfers and their impact on Ontario’s balance sheet. Read More
A substantial portion of the $163 billion in annual federal transfers to provinces is doled out in ways that fail to meet basic tests of transparency, efficiency and fairness, according to a new study released today by the Mowat Centre. Read More
Principles for Allocating Transfer Payments in the Canadian Federation
Two thirds of the federal government’s budget each year are redistributed to provinces and territories, organizations and people through transfer payments. Read More
All evidence suggests the federal government is actually tinkering with allocation formulae and fiscal transfers to weaken Ontario’s balance sheet. Read More
Addressing Horizontal and Vertical Fiscal Imbalances
The sixth paper in our Fiscal Transfers series explains surplus recycling, and analyzes its role and importance for understanding and strengthening Canadian intergovernmental fiscal issues.Read More