GreenWhiteandPink

Canada's problem is that we have a small population spread over a large geographical area. High cost to deliever services and set up infrastructure.

That's still incorrect, there is a calculator on CRA's website. If spouse makes 110,000 the second spouse nothing, have 5 kids, live in Ontario, you will receive $314 a month! CRA CCTB Calculator

Our family income is over $80,000, we have 2 kids are receive $95 a month ($1140 a year).

21/21...I loved Canadian History in school.

That link is for this thread dumb ass! What the hell are you talking about?

Equalization deal "no value" to NL

Actually there are 505,000 people in NL and there are 48 MHA's. There were 52 up untill the mid 90'. It should be really be 30 max. Ontario's Electorial map is the same as the Federal Ontario Electoral map, by Ontario own choice.

Any how much would your share of the equalization money sent to NL be? Three-four dollars on your Federal income tax that you pay each year. PM me your mailing address and I will send you 4 bucks if you will like. Next year I will send you 2 then a dollar the next. In four years time NL will receive no equalization, so I won't have to send you anything, but I'm sure you will find some new gripe against NL then.

So...we all belong to the same country. People in Quebec and NL pay the same federal taxes as Albertan's why can't you understand this!! The province that you live in is irrevelant. Yeah you can't have Newfounlanders and Labrador becoming educated, then they may start sticking up for themselves. You make it sound in Nlder's only exist to be a source of labour for Alberta, the whole world don't revolve Alberta Geoffrey. It just seems like you hate the idea of NL becomeing self sufficant, just because this will hurt the availablity of cheaper labour for Alberta's. NL's population is after droping by 70000 in the past 15 years for Christ sake!

Since when does a Albertan give a damn about Ontario? You don't of course, your just using it as a excuse to insult and ridicule Nlder's.

The Federal government also collects income and other taxes, Newfoundlanders and Labradorians also pay federal income tax, so maybe maybe this is the money being sent to Newfoundland and Labrador. Newfoundland and Labrador are not part of the Maritimes.

Harper already changed the law, 50% of resource revenue will be exempt from equalization calcuations, the same rules will apply to Alberta and Ontario, if they were to require equaliaztion. Newfoundland and Labrador will not receive billions a year either, only 632 million in 2006-2007, then 477 million next and 197million the year after, and it's from the federal goverment in Ottawa not from the province and people of Ontario! William's also promised to increase the number of child care spaces by 30%, the money available to low income families for daycare by 30%, and top EI parental leave by $100 a month. Much better idea's than just handing out money to people to produce a kid.

The election called yesterday for Oct 9,2007 CORNER BROOK, N.L. -- Premier Danny Williams unveiled a key plank in his party's election platform today, pledging to give families in Newfoundland and Labrador $1,000 for every baby born or adopted in the province.He is also promising to put more cops on the streets, build more long-term care facilities and maintain the province's freeze on post-secondary tuition. William's promises Baby bonus. Anyway I think the $1000 for each kid is a bad idea, it's only a incentive for people on social assistance to have more kids. It's worthless to any working person.

Yes don't let NL have the chance to get ahead and become self-sufficient. NL's resources have surported Ontario and Quebec's economy for the past 50 years, it's about time that the favor been returned. NL also released a comprihensive energy plan two days ago, explain the goals for all future Oil/Natural Gas/ Wind and Hydro development. NL Energy Plan PDF link on bottom.

NL to get equity stake in White Rose Newfoundland and Labrador has reached a tentative agreement with Husky Energy for a 5% per cent ownership share in an expanded area of the White Rose offshore oil project.Under the deal, Newfoundland will pay roughly $44 million plus a $3.50 processing fee per barrel of oil for the equity stake as well as a so-called super royalty that would kick in after development costs of the White Rose extension are recovered. Husky estimates the total reserves for the White Rose extension at an additional 214 million barrels, Williams said, adding that the province could earn $6 billion from its equity in the extension.

No it is not. The secondary processing of Bitumen from the tar sands takes place in Mc Misery, where it provides tens of thousands of jobs for Alberta and the spin off jobs and income tax revenue that goes with it. How would Albertan's feel if the Bitumen was mined from the ground loaded on a train and shipped to Montanna or Sask, I 'm sure you hear some whinning then. In addition much of the synethic oil and oil from conventional reserves are then sent to other refineries in Alberta to make various petro products and petro chemicals, which then provide addition high paying jobs, spin off industries and taxes for the province. If the oil was just extracted from the earth and shipped elsewhere how prosperous would Alberta be today? Probley in the same situation as NL! So what it is still irrevant to the situation at hand. With his party at about 70% in the polls before this MOU was announced, the fact that it is a election year has nothing to do with the deal. He would of won a massive majority regardless.

So what? GDP(PPP) are irrelevant, unlike the rest of the country most of our resources are shipped to other provinces for secondary processing (Voisey Bay Nickle sent to Sudbury for example, Labrador West's Iron Ore suppling Ontaios's Heavy Maufacturing, Auto and steel industries for the past 50 years), NL loses out big time! NL should be as properous Ireland or Iceland, but since NL has entered confederation its resources have been pillaged and taken for the benefit of the rest of Canada, if NLder's tried to stand up, thsy get insulted or told to shut up and be gratefull for the few scraps that fall its way. Those days are over!! That's why Danny held out on the Hebron deal and fought to end the clawbacks on the Atlantic accord.

Do you have any idea how equalization works? Equalization transfers come the federal government, Alberta and Ontario don't send money anywhere. Canadians pay the same federal tax based on income regardless of where they live. Someone working in Aberta making $75000 pays the same federal tax as someone living in NL. Using your rational one can argue that Alberta and Ontario have sending billions to Manitoba forever as well, and because Mantobia has alway been a "have not" province, Manitoba has enjoyed the same "benefits" as NL forever as well.

The Lower Churchill Project is yet to be developed as well and 2 more deals on the royalties from a extra 500 million barrels that is now projected from 2 existing projects (Hibernia and Terra Nova).

Actually YOUR WRONG! The lowest bracket in for the 2005 year was 15%, the conservatives raised it to 15.5% for 2007! 2006 had a blended rate 15.25% the difference betweem the two. CRA Website

Yeah this discussed in a tread on the Provinical Politics Forum. A good day for NL Press Release

They should of kept on lower income taxes rather than bring in the pointless GST cut. I would rather have more money on my paycheque to spend/save, than to have to spend money in order to save taxes.

NL will only pay 110 milion for a 4.9%share, about a third of what it should cost. And the province stands to make 16 billion over the life of the project and the feds 7 billion. The Project will create more jobs than previous projects. A highlight of the deal is that a GBS, or gravity-based system, will be constructed solely in Newfoundland and Labrador. CTV News details http://www.releases.gov.nl.ca/releases/2007/exec/0822n02.htm

They will pay fair market value around $300 million and it will be worth about $1.5 billion of the life of the project. Long term royalties/income for the province(20+years) are more valuable than short term jobs that may last 3-4 years. And the moment this project gets started they will all be heading back, and alot of these workers and other NLders living in Alberta still have their homes here in NL. Oil company's/contractors in Alberta fly them back and forth every 4-6 weeks (they take their incomes home with them), all their expenses in Alberta are paid for by their employers(accomadations meals etc.), they spend their money in NL, buy/build homes in NL. This is know as the mobile work force. And the Hebron field is likely to be double it's suggested size. The Hibernia field shown to be double it's original projections.

The royalites from this one project alone will be more than the previous combined, some where over the 8 billion range. The deal will allow the province to earn a 4.9-per-cent equity stake in the project, and has a royalty regime that will ensure the province earns a greater share of the proceeds as the price of oil rises. Why has Norway's state-owned Norsk Hydro ASA invested in all 3 current projects already, do you think the people of Norway are not going to benefit from this. Nationalizing the Oil and gas industry is the best way to for small jurisdictions to provide the maximun benefits to people. Norway has the same population and geographical size as Alberta but it has has a hertiage fund of $300 billion as compared to Alberta's $12billion and Norway's was only started in 1995, it is expected that the fund may reach USD 800-900 billion by 2017. Alberta would of been way better off if it had nationalized it oil and gas indusrty, and one day Albertian's are going to realize this. The 4.9% is also needed as it will be used ito secure funding in the development of the Lower Churchill Mega Project, which will start within the next 2 years.