Biology Forums - Study Force

Which of the following best describes the Canadian federal government's system of "equalization payments"?

▸ Payments made by richer provinces to poorer provinces in the form of no-interest loans.

▸ Payments made to provinces with inadequate "tax room."

▸ Payments made out of the federal government's general revenues to provinces with below-average tax capacity.

▸ Payments made by provinces with above-average tax capacity to the federal government.

▸ Payments that were established in 1867 between the original provinces of Canada as a means of equalizing living standards across the country.

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