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Equalization is a federal transfer program funded by Ottawa. Quebecers contribute to equalization just like any other Canadians; it is therefore wrong to suggest that Alberta sends equalization payments directly to Québec. Equalization is determined according to the fiscal capacity of each province to generate revenue. Alberta has the highest fiscal capacity amongst all provinces and therefore receives no payments.

As a member of the federation, Québec defends the principle underlying equalization. This is the only transfer program to the provinces whose purpose is set out in the Constitution. Its objective is to give the provinces “sufficient revenues to provide reasonably comparable levels of public services at reasonably comparable levels of taxation.” This principle reflects Canadian values, because it allows every citizen, regardless of their place of residence, to have access to public services of comparable quality.

Equalization is not the only relevant federal transfer program, however. Since 1967, the federal government’s fiscal stabilization program has helped provinces facing economic challenges. This program is not adapted to today’s reality, however, and must be reviewed. For example, transfers from the program have been capped at $60 per capita since 1987. Québec supports Alberta’s proposal that the federal government make the necessary improvements to this program. Indeed, Québec wants Alberta, Saskatchewan, and all Canadian provinces to prosper.

The Québec government intends to continue its efforts to accelerate Québec’s economic development and create wealth. It is determined to increase the potential of its economy and its fiscal autonomy. Someday, Québec will no longer receive equalization payments, and this will be a great day for Québec and Canada.

Eric Girard is Quebec’s finance minister.