Ottawa Announces a Record $24 Billion in Equalization Payments

Minister of Finance Chrystia Freeland stands during question period in the House of Commons on Parliament Hill in Ottawa, on Nov. 28, 2022. Sean Kilpatrick/The Canadian Press

The federal government has announced it will provide a record $24 billion in equalization payments in 2023–24 with Quebec, Manitoba, and Maritime provinces being the main recipients.

Announced on Dec. 15, the latest figure of $23.96 billion represents a $2 billion increase from 2022–23.