Letters to Provinces and Territories: British Columbia 2024

The Honourable Brenda Bailey, M.L.A.
Minister of Finance
Government of British Columbia
P.O. Box 9048
501 Belleville Street
Victoria, British Columbia  V8W 9E2

Dear Minister,

I am pleased to provide you with British Columbia’s transfer payment amounts for 2025-26 in accordance with the Federal-Provincial Fiscal Arrangements Act (the Act) and relevant regulations.

Total major transfers to British Columbia for 2025-26 will round to $10 billion, an increase of $430 million from 2024-25.

The first estimates of your province’s Canada Health Transfer and Canada Social Transfer payments for 2025-26 are $7.5 billion and $2.4 billion respectively. In accordance with the legislated formula under the Act and its regulations, your province does not qualify for an Equalization payment for 2025-26.

Under the Working Together to Improve Health Care for Canadians Plan, the federal government guaranteed five per cent growth to the CHT from 2023-24 to 2027-28 to be paid through top ups as required. This year, the top up is worth a total of $713 million.

To access their share of the funding, provinces and territories were asked to take steps to improve the collection and management of health data. I am pleased that the Minister of Health has confirmed that all jurisdictions have met this condition. British Columbia’s share of the 2025-26 CHT top-up is $98 million.

Enclosed for your information is a table presenting the 2025-26 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.

Yours sincerely,

The Honourable Dominic LeBlanc, P.C. K.C., M.P.
Minister of Finance and Intergovernmental Affairs