These transfer payments provide significant funding to provinces and territories with respect to equalization. It's an unconditional grant whose objective is to enable provinces to provide relatively comparable services at relatively comparable levels of taxation. The CHT is funding for health care for provinces. The CST is for social programs with a focus on education, child care, and services such as those. TFF, territorial formula financing, is a lot like equalization, but in the territorial context. It is actually the vast majority of government revenues for the three northern territories.
On May 2nd, 2013. See this statement in context.