Letters to Provinces and Territories: Yukon 2020
The Honourable Sandy Silver, M.L.A.
Premier, Minister of Finance
Government of Yukon
Yukon Government Administration Building
P.O. Box 2703
2071 Second Avenue
Whitehorse, YT Y1A 2C6
Dear Premier Silver:
This has been an unprecedented and challenging year for Canadians – but we will get through this. We are a resilient people. We are a resourceful people. And we have a plan.
The battle against COVID-19 has proceeded on many fronts. We have invested in health care, increased testing and tracing, and directly supported the provinces and territories as we fight the virus. This has been a true Team Canada effort.
Canada has secured the most diverse and extensive vaccine portfolio of any country in the world. Every Canadian can rest assured that a safe and effective vaccine will be available to them, free of charge.
To date, federal support for the Canadian economy includes $322 billion in direct measures, to fight the virus and help people, and $85 billion in tax and duty deferrals. This is the largest economic relief package for our country since the Second World War. And through the Safe Restart Agreement, Safe Return to Class Fund, and other measures, the federal government has made over $24 billion in direct support available to provinces and territories.
I write you today regarding Yukon’s transfer payment amounts for 2021-22. In accordance with the Federal-Provincial Fiscal Arrangements Act (the Act) and relevant regulations, total major transfers to Yukon for 2021-22 will round to $1,183 million, an increase of $65 million from 2020-21. The first estimates of your territory’s Canada Health Transfer and Canada Social Transfer payments for 2021-22 are $47.9 million and $17.2 million respectively. In accordance with the legislated formula under the Act and its regulations, your territory’s Territorial Financing payment for 2021-22 will be $1,117.7 million, which includes the 2021-22 Transition Payment (Budget 2018) of $1.3 million.
Enclosed for your information is a table presenting the 2021-22 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 December 2020.
I look forward to continuing to work collaboratively with you, as a united Team Canada, to ensure Canadians stay safe, healthy, and have the economic support they need in these challenging times.
The Honourable Chrystia Freeland, P.C., M.P.
|Jurisdiction||Equalization||Territorial Formula Financing*||Canada Health Transfer||Canada Social Transfer||Total
|Totals may not add due to rounding
* Includes transition payments of $1.3 million to Yukon and $1.7 million to the Northwest Territories (Budget 2018)
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