Archived - Letters to Provinces and Territories: Newfoundland and Labrador 2017

The Honourable Tom Osborne, M.H.A.
Minister of Finance
Government of Newfoundland and Labrador
Confederation Building
Main Floor, East Block
Prince Philip Parkway
P.O. Box 8700
St. John's, NL A1B 4J6

Dear Colleague:

I look forward to welcoming you to the annual meeting of Federal, Provincial and Territorial Finance Ministers in Ottawa.

In the meantime, I am pleased to provide you with Newfoundland and Labrador's transfer payment amounts for 2018-19 in accordance with the Federal-Provincial Fiscal Arrangements Act (the Act) and relevant regulations.

Total major transfers to Newfoundland and Labrador for 2018-19 will round to $750 million, an increase of $15.3 million from this year. The first estimates of your province's Canada Health Transfer and Canada Social Transfer payments for 2018-19 are $548.4 million and $201.3 million respectively. In accordance with the legislated formula under the Act and its regulations, Newfoundland and Labrador does not qualify for an Equalization payment for 2018-19.

Enclosed for your information is a table presenting the 2018-19 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 10-11, 2017 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.