Archived - Letters to Provinces and Territories: Prince Edward Island 2016
The Honourable Allen F. Roach, M.L.A.
Minister of Finance
Government of Prince Edward Island
Shaw Building, Second Floor South
95 Rochford Street
P.O. Box 2000
Charlottetown, PE C1A 7N8
Dear Colleague:
I look forward to hosting you again this year at the annual meeting of Federal, Provincial and Territorial Finance Ministers in Ottawa. I know we will all be able to work on our shared priorities in the same spirit of collaboration that led us to an historic agreement on the Canada Pension Plan last June.
In the meantime, I am pleased to provide you with Prince Edward Island's transfer payment amounts for 2017-18 in accordance with the Federal-Provincial Fiscal Arrangements Act (the Act) and relevant regulations. Note that these assume the status quo, and do not presuppose the outcome of ongoing discussions on health care.
Total major transfers to Prince Edward Island for 2017-18 will round to $599 million, an increase of $16.4 million from this year. The first estimates of your province's Canada Health Transfer and Canada Social Transfer payments for 2017-18 are $152.4 million and $56.4 million respectively. In accordance with the legislated formula under the Act and its regulations, your province's Equalization payment for 2017-18 will be $390.2 million.
Enclosed for your information is a table presenting the 2017-18 major transfer amounts for each province and territory. It will be provided to your officials and posted on the Department of Finance's website in advance of our December 18-19, 2016 Finance Ministers Meeting.
Together with our colleagues we've already shown what can be accomplished when we work collaboratively in the interest of the people we serve. I look forward to continuing our work on behalf of all Canadians, and rest assured that I remain committed to our Government's goal of ensuring long-term economic growth that starts with a strong and thriving middle class.
Yours sincerely,
The Honourable Bill Morneau, P.C., M.P.
Major Transfer Payments for 2017-18 ($ millions) 1
| Jurisdiction | Equalization | Territorial Formula Financing | Canada Health Transfer | Canada Social Transfer | Total 2017-18 |
|---|---|---|---|---|---|
| NL | 539 | 199 | 738 | ||
| PEI | 390 | 152 | 56 | 599 | |
| NS | 1,779 | 967 | 358 | 3,104 | |
| NB | 1,760 | 768 | 284 | 2,813 | |
| QC | 11,081 | 8,491 | 3,142 | 22,714 | |
| ON | 1,424 | 14,331 | 5,304 | 21,058 | |
| MB | 1,820 | 1,355 | 502 | 3,677 | |
| SK | 1,182 | 438 | 1,620 | ||
| AB | 4,376 | 1,620 | 5,996 | ||
| BC | 4,865 | 1,800 | 6,666 | ||
| YK | 919 | 38 | 14 | 972 | |
| NWT | 1,232 | 45 | 17 | 1,295 | |
| NU | 1,530 | 38 | 14 | 1,582 | |
| TOTAL | 18,254 | 3,682 | 37,150 | 13,748 | 72,834 |
| 1 Totals may not add due to rounding. | |||||