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A multimedia presentation
illustrating how federal revenues were spent in the most recent fiscal year available (2003-04), as well as the main sources of government revenue.
(HTML version also available) |
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Find out how tax point transfers to the provinces and territories originated and how they continue to work by watching this multimedia presentation.
(HTML version also available) |
Canada's First Ministers agree to a new health plan to improve access to quality care for all Canadians.
A 10-year
plan to strengthen health care (2004).
The Health Care Renewal
Accord 2003.
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 Transfer (CHT) and Canada Social Transfer CST), which
go to all
provinces and territories and are 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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