Basically the additional amount payable to the other provinces arises from the increase in the yield of standard taxes for the two highest provinces, Ontario and British Columbia, and if you examine these figures you find that the increase in the yield of standard taxes for these two provinces has the effect of increasing the amount to be paid to the other eight provinces in virtue of the tax-sharing formula. They have the effect of increasing the per capita equalization amount to $41.58, as this table shows.
It is quite obvious, Mr. Chairman, that the stabilization amounts have nothing whatever to do with the amounts that go to these other provinces. The stabilization amounts may cut down the amount they receive. That view I accept; but if the Minister of Finance will read the explanation he gave which I quoted a moment ago he will see that the discrepancy between the figures he gave on Saturday and those we had yesterday has nothing whatever to do with stabilization.
Topic: DOMINION-PROVINCIAL RELATIONS MEASURE TO PROVIDE FINANCIAL ASSISTANCE TO ATLANTIC PROVINCES, ETC.