It is important to remember that the formula is designed to fill the gap between expenditure need and our own source revenue. The federal government view is that we are not penalized when the grant goes down if our revenue increases, and as the gap changes between need and own-source revenue, the grant should change. As the Member knows, the formula is very complex, and there are components built in to ensure that we benefit as our tax base expands.
Robert C. McLeod on Question 333-18(3): Territorial Financing Formula and Pan-Canadian Framework on Clean Growth and Climate Change
In the Legislative Assembly on May 30th, 2018. See this statement in context.
Question 333-18(3): Territorial Financing Formula and Pan-Canadian Framework on Clean Growth and Climate Change
Oral Questions
May 30th, 2018
Page 4077
See context to find out what was said next.