Letters to Provinces and Territories: New Brunswick 2018
The Honourable Ernie Steeves, M.L.A.
Minister of Finance
Government of New Brunswick
Chancery Place, 5th Floor
675 King Street
Fredericton, NB E3B 1E9
Dear Colleague:
I wish to congratulate you once again on being sworn in as Minister of Finance. I regret that you will be unable to attend the December 2018 Federal, Provincial and Territorial Finance Ministers' Meeting in Ottawa, but I look forward to opportunities to work together in the future.
In the meantime, I am pleased to provide you with New Brunswick's transfer payment amounts for 2019-20 in accordance with the Federal-Provincial Fiscal Arrangements Act (the Act) and relevant regulations.
Total major transfers to New Brunswick for 2019-20 will round to $3,157 million, an increase of $185 million from 2018-19. The first estimates of your province's Canada Health Transfer and Canada Social Transfer payments for 2019-20 are $832.7 million and $300.9 million respectively. In accordance with the legislated formula under the Act and its regulations, your province's Equalization payment for 2019-20 will be $2,023.2 million.
Enclosed for your information is a table presenting the 2019-20 major transfer amounts for each province and territory. The table will be provided to your officials and posted on the Department of Finance's website in the context of the December 2018 Finance Ministers' Meeting.
I look forward to working collaboratively with you to advance our shared priorities that matter to Canadians.
Yours sincerely,
The Honourable Bill Morneau, P.C., M.P.
Major Transfer Payments for 2019-20 ($ millions) 1
| Jurisdiction | Equalization | Territorial Formula Financing* | Canada Health Transfer | Canada Social Transfer | Total 2019-20 |
|---|---|---|---|---|---|
| NL | 564 | 204 | 767 | ||
| PEI | 419 | 167 | 60 | 647 | |
| NS | 2,015 | 1,039 | 376 | 3,430 | |
| NB | 2,023 | 833 | 301 | 3,157 | |
| QC | 13,124 | 9,117 | 3,294 | 25,536 | |
| ON | 15,652 | 5,655 | 21,307 | ||
| MB | 2,255 | 1,474 | 533 | 4,262 | |
| SK | 1,264 | 457 | 1,720 | ||
| AB | 4,694 | 1,696 | 6,390 | ||
| BC | 5,434 | 1,963 | 7,397 | ||
| YK | 997 | 44 | 16 | 1,058 | |
| NWT | 1,309 | 48 | 17 | 1,375 | |
| NU | 1,642 | 42 | 15 | 1,699 | |
| TOTAL | 19,837 | 3,948 | 40,373 | 14,586 | 78,744 |
| 1 Totals may not add due to rounding * Includes transition payments of $1,270,000 to Yukon and $1,744,000 to the Northwest Territories (Budget 2018) |
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