Letters to Provinces and Territories: Newfoundland and Labrador 2024

The Honourable Siobhan Coady, M.H.A.
Deputy Premier and Minister of Finance
Government of Newfoundland and Labrador
Main Floor, East Block Confederation Building
P.O. Box 8700
St. John’s, NL A1B 4J6

Dear Deputy Premier,

I am pleased to provide you with Newfoundland and Labrador’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 Newfoundland and Labrador for 2025-26 will round to $1 billion.

The first estimates of your province’s Canada Health Transfer and Canada Social Transfer payments for 2025-26 are $709 million and $226 million respectively. In accordance with the legislated formula under the Act and its regulations, your province qualifies for an Equalization payment of $113 million 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. Newfoundland and Labrador’s share of the 2025-26 CHT top-up is $9 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