Originally posted on National Post | News:
TORONTO — Outdated policies that cause Ontario to turn over roughly $11 billion more to the federal government each year than it receives in return are placing an unfair strain on the province, a public policy think tank said in a report released Monday.
The study by the University of Toronto’s Mowat Centre points to what it calls the province’s “fiscal gap,” which it blames almost entirely on “inequities in federal spending,” including transfer payments and investments.
Ontario continues to contribute a disproportionate amount to federal coffers, even though it’s no longer wealthier than the average province, the report says.
[np_storybar title="Tim Hudak: Ontario can no longer be content by being first in debt and last in job creation" link="http://fullcomment.nationalpost.com/2013/02/22/tim-hudak-ontario-can-no-longer-be-content-by-being-first-in-debt-and-last-in-job-creation/"]
February 12, 2013
I have a vision for an Ontario the world marvels at. An Ontario that again leads Confederation, and that again becomes a magnet for people…
View original 801 more words