Letters to Provinces and Territories: Ontario 2018
The Honourable Victor Fedeli, M.P.P.
Minister of Finance
Government of Ontario
Frost Building South, 7th Floor
7 Queen's Park Crescent
Toronto, ON M7A 1Y7
Dear Colleague:
I look forward to welcoming you to the December 2018 Federal, Provincial and Territorial Finance Ministers' Meeting in Ottawa and wish to congratulate you once again on being sworn in as Minister of Finance.
I am pleased to provide you with Ontario'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 Ontario for 2019-20 will round to $21,307 million. The first estimates of your province's Canada Health Transfer and Canada Social Transfer payments for 2019-20 are $15,652.1 million and $5,654.7 million respectively. In accordance with the legislated formula under the Act and its regulations, Ontario does not qualify for an Equalization payment for 2019-20.
Enclosed for your information is a table presenting the 2019-20 major transfer amounts for each province and territory. The table will be provided to your officials and posted on the Department of Finance's website in the context of the December 2018 Finance Ministers' Meeting.
I look forward to working collaboratively with you in this meeting and beyond to advance our shared priorities that matter to Canadians.
Yours sincerely,
The Honourable Bill Morneau, P.C., M.P.
Major Transfer Payments for 2019-20 ($ 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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