Harper Government Providing Unprecedented Support to Provinces and Territories for Health Care, Education Canadians Rely On
- Finance Minister Joe Oliver has presented his provincial and territorial counterparts with details on 2015–16 transfer amounts. Every province and territory will benefit from higher transfers next year. Major federal transfers to provinces and territories will total $67.9 billion in 2015–16, an increase of more than $3 billion from the current year, and almost 63% since 2005–06.Quick Facts
- There are four main annual federal transfer programs: the Canada Health Transfer (CHT), the Canada Social Transfer (CST), Equalization and Territorial Formula Financing (TFF).
- The CHT is the largest major annual transfer to provinces and territories. It provides long-term, predictable funding for health care.
- The CST is an annual federal transfer to the provinces and territories in support of post-secondary education, social assistance and social services, and early childhood development, early learning and child care.
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