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A province that does not receive equalization payments is often referred to as a "have province", while one that does is called a "have-not province". [ 4 ] In 2023–24, all provinces and territories will receive $94.6 billion in major federal transfers, including $23.96 billion in equalization payments in 6 provinces.
Until the 2009–2010 fiscal year, Ontario was the only province to have never received equalization payments; in 2009-2010 Ontario received 347 million dollars, [7] while Newfoundland, which has received payments since the program's creation, is now a so-called "have" province, and is now a net contributor and does not receive payments.
Rates were meant to be reduced to 14 and 13% on July 1, 2014 and July 1, 2015 respectively. However, the government has stated that the province cannot afford reductions. [9] Nunavut: GST: 0: 5 Ontario: HST: 8: 13 Prince Edward Island: HST: 10: 15 [10] The HST was increased one point to 15% on October 1, 2016. [1] Quebec: GST + QST: 9.975 [11 ...
The economy of Ontario is diversified. Ontario is the largest economy in Canada, making up around 38% of Canadian GDP. [1] [2] Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. [3] Ontario's net debt-to-GDP ratio will rise to 40. ...
Website. www .lcbo .com. The Liquor Control Board of Ontario ( LCBO) is a Crown agency that retails and distributes alcoholic beverages throughout the Canadian province of Ontario. [ 5] It is accountable to the Legislative Assembly through the minister of finance. [ 5] It was established in 1927 by the government of Premier George Howard ...
The Ontario Deposit Return Program (ODRP), also simply known as Bag it Back, is a regulation of the province of Ontario, Canada.Its purpose is to divert recyclable materials from landfill or low-quality recycling uses by charging a fee for each alcoholic beverage container sold in the province, and processing the material for re-use or other recycling activities once the containers are ...
The Welland Canal is a ship canal in Ontario, Canada, and part of the St. Lawrence Seaway and Great Lakes Waterway. The canal traverses the Niagara Peninsula between Port Weller on Lake Ontario, and Port Colborne on Lake Erie, and was erected because the Niagara River —the only natural waterway connecting the lakes—was unnavigable due to ...
Toronto's Discovery District [217] is a centre of research in biomedicine. It is on a 2.5-square-kilometre (620-acre) research park that is integrated into Toronto's downtown core. It is also home to the MaRS Discovery District, [218] which was created in 2000 to capitalize on the research and innovation strength of the province of Ontario ...
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