Mr. Speaker, in November 2008 we took steps to restrain equalization to prevent the program from becoming unsustainable. We stated then that we would ensure that total cash payments in 2009-10 are no lower than those of 2008-09. As a result of the new growth plan, the federal government and Nova Scotia agreed on a transition payment. Nova Scotia's government has accepted this agreement and has indicated its satisfaction with it. It does not affect the equalization payments of any other province. As Premier MacDonald said, “We're still receiving the $75 million. There is no clawback. We are receiving the full amount.”
In the House of Commons on January 29th, 2009. See this statement in context.