Letters to Provinces and Territories: Nova Scotia 2019
The Honourable Karen Casey, M.L.A.
Minister of Finance
Government of Nova Scotia
Provincial Building, 7th Floor
1723 Hollis Street
P.O. Box 187
Halifax, NS B3J 2N3
I am pleased to provide you with Nova Scotia's transfer payment amounts for 2020-21 in accordance with the Federal-Provincial Fiscal Arrangements Act (the Act) and relevant regulations.
Total major transfers to Nova Scotia for 2020-21 will round to $3,614 million, an increase of $179 million from 2019-20. The first estimates of your province's Canada Health Transfer and Canada Social Transfer payments for 2020-21 are $1,080.7 million and $387.8 million respectively. In accordance with the legislated formula under the Act and its regulations, your province's Equalization payment for 2020-21 will be $2,145.9 million.
As you know, 2019–20 is the final year of Nova Scotia's "Cumulative Best-of Guarantee" (referred to as additional fiscal equalization payments under the Act). The final calculation for fiscal year 2019–20 is a recovery of $6.2 million.
Enclosed for your information is a table presenting the 2020-21 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 2019 Finance Ministers' Meeting.
I look forward to working collaboratively with you to advance our shared priorities that matter to Canadians.
The Honourable Bill Morneau, P.C., M.P.
|Jurisdiction||Equalization||Territorial Formula Financing*||Canada Health Transfer||Canada Social Transfer||Total 2020-21|
|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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