Canadians have taken Alberta for granted. That’s dangerous for us all

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Six-hundred and eleven billion dollars and counting. That is how much Albertans have paid to the rest of Canada in net federal fiscal transfers from 1961 to 2017 — that is, federal taxes paid by Albertans net of federal spending in Alberta (all numbers in 2017 dollars).

In a presentation last week in Calgary, Tim Hearn and Robert Mansell of the University of Calgary’s School of Public Policy also noted that in just the past eight years alone, since 2010, Albertans have paid $180 billion in net fiscal transfers, more than any other province.

Just think about that. In 57 years, Albertans have paid almost as much in transfers to the rest of the country as the total of our entire federal debt today. It’s a transfer averaging $3,674 per Albertan every year. Over 57 years, it totals $209,418 per Albertan.

Read full article here.

Jack Mintz – Financial Post – January 29, 2019.

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