Equalization Program

Chart 1
Equalization 2023-24*
Chart 1: Equalization 2023-24*

* The Equalization formula operates with a 2-year data lag and a 3-year weighted moving average. Note: small variations in post-Equalization fiscal capacity of receiving provinces reflect the partial exclusion of natural resource revenues in the formula. Source: Finance Canada

Text version
NL PE NS NB QC ON MB SK AB BC
Non-resource fiscal capacity 9,125.408 7,179.215 7,759.815 7,247.304 8,764.105 10,842.51 8,058.404 9,244.918 11,498.37 11,485.01
Natural resource fiscal capacity 2,449.075 1.396376 74.60783 97.57244 496.8838 28.68825 109.1517 1,907.393 2,505.734 619.3816
Equalization payment 0 3,471.4554 2,854.2504 3,355.2784 1,638.8224 28.60771 2,538.3894 0 0 0

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