|
Vertical Fiscal Imbalance In Canada
Fiscal imbalance (French, ''déséquilibre fiscal'') is the term used in Canada to describe a monetary imbalance between the Canadian federal government and the provincial governments. According to the fiscal imbalance theory, the federal government achieved an important surplus by cutting its contributions towards provinces, leaving provinces with responsibilities much too expensive for their resources. The theory was further developed in the "Seguin Report", commissioned by former Parti Québécois (PQ) Premier of Quebec Bernard Landry, and completed under former Liberal Quebec Minister of Finance Yves Séguin. The federal government, run by the Liberal Party of Canada until January 2006, denied that this imbalance exists, arguing, in part, that both the federal and provincial governments have access to the same major sources of revenue and that both orders of government face significant spending pressures and limited resources. However, the Conservative Party of Canada recogniz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by total area. Its southern and western border with the United States, stretching , is the world's longest binational land border. Canada's capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. Indigenous peoples have continuously inhabited what is now Canada for thousands of years. Beginning in the 16th century, British and French expeditions explored and later settled along the Atlantic coast. As a consequence of various armed conflicts, France ceded nearly all of its colonies in North America in 1763. In 1867, with the union of three British North American colonies through Confederation, Canada was formed as a federal dominion of four provinces. This began an accretion of provinces an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quebec Sovereignty Movement
The Quebec sovereignty movement (french: Mouvement souverainiste du Québec) is a political movement whose objective is to achieve the sovereignty of Quebec, a province of Canada since 1867, including in all matters related to any provision of Quebec's public order that is applicable on its territory. Sovereignists suggest that the people of Quebec make use of their right to self-determination – a principle that includes the possibility of choosing between integration with a third state, political association with another state or independence – so that Quebecois, collectively and by democratic means, give themselves a sovereign state with its own independent constitution. Quebec sovereigntists believe that such a sovereign state, the Quebec nation, will be better equipped to promote its own economic, social, ecological and cultural development. Quebec's sovereignist movement is based on Quebec nationalism. Overview Ultimately, the goal of Quebec's sovereignist movement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federalism
Federalism is a combined or compound mode of government that combines a general government (the central or "federal" government) with regional governments (Province, provincial, State (sub-national), state, Canton (administrative division), cantonal, territorial, or other sub-unit governments) in a single political system, dividing the powers between the two. Federalism in the modern era was first adopted in the unions of states during the Old Swiss Confederacy. Federalism differs from Confederation, confederalism, in which the general level of government is subordinate to the regional level, and from devolution within a unitary state, in which the regional level of government is subordinate to the general level. It represents the central form in the pathway of regional integration or separation, bounded on the less integrated side by confederalism and on the more integrated side by devolution within a unitary state. Examples of a federation or federal province or state include ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Canada
The economy of Canada is a highly developed mixed-market economy. It is the 8th-largest GDP by nominal and 15th-largest GDP by PPP in the world. As with other developed nations, the country's economy is dominated by the service industry which employs about three quarters of Canadians. Canada has the third-highest total estimated value of natural resources, valued at US$33.98 trillion in 2019. It has the world's third-largest proven oil reserves and is the fourth-largest exporter of crude oil. It is also the fifth-largest exporter of natural gas. According to the Corruption Perceptions Index, Canada is perceived as one of the least corrupt countries in the world, and is one of the world's top ten trading nations, with a highly globalized economy. , Canada is ranked 15th on The Heritage Foundation's index of economic freedom. Its average household disposable income per capita is "well above" the OECD average. The Toronto Stock Exchange is the eighth-largest stock exc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2003 Quebec General Election
The 2003 Quebec general election was held on April 14, 2003, to elect members of the National Assembly of Quebec (Canada). The Parti libéral du Québec (PLQ), led by Jean Charest, defeated the incumbent Parti Québécois, led by Premier Bernard Landry. In Champlain there was a tie between PQ candidate Noëlla Champagne and Liberal candidate Pierre-A. Brouillette; although the initial tally was 11,867 to 11,859, a judicial recount produced a tally of 11,852 each. A new election was held on May 20 and was won by Champagne by a margin of 642 votes. Unfolding In January 2001, Lucien Bouchard announced that he would resign from public life, citing that the results of his work were not very convincing. In March 2001, the Parti Québécois selected Bernard Landry as leader by acclamation, thus becoming premier of Quebec. In 2002, the Parti Québécois (PQ) government had been in power for two mandates. It was seen as worn-out by some, and its poll numbers fell sharply. It placed th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Politics Of Quebec
The politics of Quebec are centred on a provincial government resembling that of the other Canadian provinces, namely a constitutional monarchy and parliamentary democracy. The capital of Quebec is Quebec City, where the Lieutenant Governor, Premier, the legislature, and cabinet reside. The unicameral legislature — the National Assembly of Quebec — has 125 members. Government is conducted based on the Westminster model. Political system The British-type parliamentarism based on the Westminster system was introduced in the Province of Lower Canada in 1791. The diagram at right represents the political system of Québec since the 1968 reform. Prior to this reform, the Parliament of Québec was bicameral. Lieutenant Governor * asks the leader of the majority party to form a government in which he will serve as Premier * enacts the laws adopted by the National Assembly * has the power to veto. Premier * appoints the members of the Cabinet and the heads of public corporati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Imbalance
Fiscal imbalance is a mismatch in the revenue powers and expenditure responsibilities of a government. In the literature on fiscal federalism, two types of fiscal imbalances are measured: Vertical Fiscal Imbalance and Horizontal Fiscal Imbalance. When the fiscal imbalance is measured between the two levels of government (Center and States or Provinces) it is called Vertical Fiscal Imbalance. When the fiscal imbalance is measured between the governments at the same level it is called Horizontal Fiscal imbalance. This imbalance is also known as regional disparity. While Horizontal Fiscal Imbalance requires equalization transfers, Vertical Fiscal Imbalance is a structural issue and thus needs to be corrected by reassignment of revenue and expenditure responsibilities between the two senior order of the governments. Horizontal Fiscal Imbalances as Differences in Net Fiscal Benefits A horizontal fiscal imbalance (HFI) emerges when sub-national governments have different abilities to r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Columbia
British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, forests, lakes, mountains, inland deserts and grassy plains, and borders the province of Alberta to the east and the Yukon and Northwest Territories to the north. With an estimated population of 5.3million as of 2022, it is Canada's third-most populous province. The capital of British Columbia is Victoria and its largest city is Vancouver. Vancouver is the third-largest metropolitan area in Canada; the 2021 census recorded 2.6million people in Metro Vancouver. The first known human inhabitants of the area settled in British Columbia at least 10,000 years ago. Such groups include the Coast Salish, Tsilhqotʼin, and Haida peoples, among many others. One of the earliest British settlements in the area was Fort Victoria, established ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gordon Campbell (Canadian Politician)
Gordon Muir Campbell, (born January 12, 1948) is a retired Canadian diplomat and politician who was the 35th mayor of Vancouver from 1986 to 1993 and the 34th premier of British Columbia from 2001 to 2011. He was the leader of the British Columbia Liberal Party from 1993 to 2011. From 2011 to 2016, he served as Canadian High Commissioner to the United Kingdom and Canada's representative to the Ismaili Imamat from 2014 to 2016. Early life Campbell was born in Vancouver, British Columbia. His father, Charles Gordon (Chargo) Campbell, was a physician and an assistant dean of medicine at the University of British Columbia, until his suicide in 1961, when Gordon was 13. His mother Peg was a kindergarten assistant at University Hill Elementary School. The couple had four children. Gordon grew up in the West Point Grey neighbourhood of Vancouver and went to Stride Elementary, and University Hill Secondary School where he was student council president. He was accepted by Dartmouth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transfer Payment
In macroeconomics and finance, a transfer payment (also called a government transfer or simply transfer) is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return. These payments are considered to be non-exhaustive because they do not directly absorb resources or create output. Examples of transfer payments include welfare, financial aid, social security, and government subsidies for certain businesses. Unlike the exchange transaction which mutually benefits all the parties involved in it, the transfer payment consists of a donor and a recipient, with the donor giving up something of value without receiving anything in return. Transfers can be made both between individuals and entities, such as private companies or governmental bodies. These transactions can be both voluntary or involuntary and are generally motivated either by the altruism of the donor or the malevolence of the recipient. For the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2004 Canadian Federal Election
The 2004 Canadian federal election was held on June 28, 2004, to elect members to the House of Commons of Canada of the 38th Parliament of Canada. The Liberal government of Prime Minister Paul Martin lost its majority but was able to continue in office as a minority government after the election. This was the first election contested by the newly amalgamated Conservative Party of Canada, after it was formed by the two right-of-centre parties, the Progressive Conservative Party and the Canadian Alliance. On May 23, 2004, the governor general, Adrienne Clarkson, on the advice of Martin, ordered the dissolution of the House of Commons, triggering an early election despite the Liberals being only three and a half years into their five-year mandate. Earlier, the election result was widely expected to be a fourth consecutive majority government for the Liberals, but early in 2004 Liberal popularity fell sharply due to the emerging details of the sponsorship scandal. Polls even started ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Throne Speech
A speech from the throne, or throne speech, is an event in certain monarchies in which the reigning sovereign, or a representative thereof, reads a prepared speech to members of the nation's legislature when a session is opened, outlining the government's agenda and focus for the forthcoming session, or in some cases closed. When a session is opened, the address sets forth the government's priorities with respect to its legislative agenda, for which the cooperation of the legislature is sought. The speech is often accompanied with formal ceremony and is often held annually, although in some places it may occur more or less frequently, whenever a new session of the legislature is opened. Historically, when monarchs exercised personal influence and overall decision-making in government, a speech from the throne would outline the policies and objectives of the monarch; the speech was usually prepared by the monarch's advisers, but the monarch supervised the drafting of the speec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.png "Click for more on -> 2003 Quebec General Election")
.jpg "Click for more on -> 2004 Canadian Federal Election")
