Equalization and Transfers Fairness Act

An Act to amend the Federal-Provincial Fiscal Arrangements Act (equalization)

Sponsor

Tom Kmiec  Conservative

Introduced as a private member’s bill. (These don’t often become law.)

Status

Introduced, as of Feb. 1, 2021

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Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

This enactment amends the Federal-Provincial Fiscal Arrangements Act to require the Minister of Finance, at the request of the government of a province following a referendum on equalization in that province, to report on the Minister’s intention or refusal to enter into discussions with the governments of the provinces and on the discussions that were held, if applicable.

It also provides for consultations to be held with provincial governments prior to any amendment to that Act that would change the method of calculation of the fiscal equalization payments that may be paid under that Act, and for the publication of information respecting those consultations.

It also removes the per capita limit of $60 applicable to fiscal stabilization payments that may be paid to a province. Lastly, it provides for the publication of information respecting the details of the calculation of the fiscal equalization payments and of all amounts paid under the Act.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, provided by the Library of Parliament. You can also read the full text of the bill.

Equalization and Transfers Fairness ActRoutine Proceedings

February 1st, 2021 / 3:55 p.m.
See context

Conservative

Tom Kmiec Conservative Calgary Shepard, AB

moved for leave to introduce Bill C-263, An Act to amend the Federal-Provincial Fiscal Arrangements Act (equalization).

Mr. Speaker, today I am tabling an act to amend the Federal-Provincial Fiscal Arrangements Act (equalization). For short, it is called the equalization and transfers fairness act.

This act would do the following: publish publicly all calculations on equalization; publish all consultation documents with the provinces; remove the per capita cap of $170 being proposed in the fall economic statement to there being no cap, which is about $3 billion to the Government of Alberta; bind the government to negotiate in good faith in referendums conducted by a provincial government under provincial legislation; and finally, rename the badly called Federal-Provincial Fiscal Arrangements Act, when it is truly the equalization and transfers act.

(Motions deemed adopted, bill read the first time and printed)