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The
Health Care Renewal Accord 2003.
Canada's First Ministers agree to a new health plan to improve access to
quality care for all Canadians.
A significant amount of its own funding is transferred by
the federal government to the provinces and territories to support
important social investments, such as health care and education. These are
called transfers. Finance Canada administers these transfers. The key
transfer programs are:
- the Canada Health and Social Transfer (CHST), which goes to all
provinces and territories and is used to fund health care,
post-secondary education and social assistance and social services;
- Equalization, which ensures that less prosperous provinces can
provide reasonably comparable public services without their taxes
being out of line with those of more affluent provinces; and
- Territorial Formula Financing (TFF) which provides territorial
governments with funding to support public services, in recognition of
the higher cost of living in the north.
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