equalization payment
equalization payment · equalization payments
Extra money transferred from the federal government to a province, drawn from general…Extra money transferred from the federal government to a province, drawn from general tax revenue and intended to redistribute some wealth from relatively prosperous provinces to relatively poor provinces.
Meaning
2 senses(Canada)Extra money transferred from the federal government to a province, drawn from general tax revenue and intended to redistribute some wealth from relatively prosperous provinces to relatively poor provinces.
(Canada)In a divorce agreement, a payment made by one spouse to the other in order to create an equal division of assets.
Forms
plural: equalization payments| Singular | equalization payment |
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| Plural | equalization payments |
regular
Synonyms
1 synonyms(Canada) money transferred from the federal government to a province:transfer payment