Equalization Program

Chart 1
Equalization 2024-25*
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 $8,601 $7,582 $8,022 $7,615 $9,363 $11,403 $8,143 $9,976 $12,345 $12,599
Natural resource fiscal capacity $2,454 $1 $54 $115 $559 $25 $98 $2,880 $4,058 $877
Equalization payment $412 $3,718 $3,252 $3,629 $1,545 $38 $3,109 $0 $0 $0

Note: The post-Equalization fiscal capacity may differ due to rounding.

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