When Ontario had its equalization payments cut two years ago, the finance minister of Canada’s largest province, Charles Sousa, called it “an attack.”
Ontario will get $60 million less in 2016-17 than it did this year, “But that’s okay,” said Sousa Monday. “We want to support all provinces to be at their best.”
More worrisome still for Sousa is the prospect that Ontario will become a “have” province in the 2017-18 fiscal year and no longer qualify for equalization payments, which will deliver $2.3 billion to the province this year.
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