- News Release 2006-048 -
One-Time Funding to Provinces and Territories
The 2005–06 Annual Financial Report of the Government
of Canada confirmed the availability of funds to provide for $3.3
billion in federal financial support to help provinces and territories deal
with immediate pressures in post-secondary education, affordable housing and
public transit, as well as over $320 million in support for international
initiatives.
As specified in Budget 2006, the scope of this one-time
funding was contingent on the availability of surplus funds in excess of $2
billion for fiscal year 2005–06. This support is made available to
provinces and territories in order to meet the investment priorities of
Canadians, including to deliver cleaner air and less congestion in Canada’s
cities.
Payments to provinces and territories will be made through
five third-party trusts announced in the May 2006 Budget:
- $1 billion for the Post-Secondary Education Infrastructure Trust to
support investments to promote innovation and accessibility, including
investments in university and college infrastructure and equipment.
Funding will be notionally allocated over two years (2006–07 and 2007–08)
on an equal per capita basis among provinces and territories.
- $900 million for the Public Transit Capital Trust in support of
capital investments in public transit infrastructure both as a means to
reduce traffic congestion and to reduce carbon dioxide and other
emissions in order to deliver real action on Canada’s environment.
Funding will be notionally allocated over three years (2006–07 to 2008–09)
on an equal per capita basis among provinces and territories.
- $800 million for the Affordable Housing Trust to help address
short-term pressures with regard to the supply of affordable housing.
Funding will be notionally allocated over three years (2006–07 to 2008–09)
on an equal per capita basis among provinces and territories.
- $300 million for the Northern Housing Trust to help meet
short-term pressures with regard to the supply of affordable housing in
the North. Funding will be notionally allocated over three years (2006–07
to 2008–09) among the three territories as follows: $50 million each
for the Yukon, the Northwest Territories and Nunavut, plus an additional
$150 million for urgent needs in Nunavut.
- $300 million for the Off-Reserve Aboriginal Housing Trust to
help provinces address short-term housing needs for Aboriginal Canadians
living off-reserve. Funding will be notionally allocated over three
years (2006–07 to 2008–09) among provinces based on the provincial
share of the Aboriginal population living off-reserve.
The $320 million in support for international initiatives
will help developing countries better deal with unforeseen financial shocks
and the fight against devastating disease by providing:
- $25 million for the International Monetary Fund’s (IMF’s)
Exogenous Shocks Facility to provide short-term financing to low-income
IMF members facing balance of payments crises, including those caused by
natural disasters or a sharp rise in commodity prices.
- $250 million for the Global Fund to Fight Aids, Malaria and
Tuberculosis.
- $45 million for the Global Polio Eradication Initiative.
One-Time Allocation of
Provincial-Territorial Funding
|
|
2006–07 |
2007–08 |
2008–09 |
Total |
|
|
($ millions) |
Newfoundland and Labrador |
20.1 |
20.0 |
10.5 |
50.6 |
Prince Edward Island |
4.9 |
4.9 |
2.3 |
12.2 |
Nova Scotia |
34.4 |
34.2 |
16.9 |
85.4 |
New Brunswick |
27.7 |
27.5 |
13.7 |
68.9 |
Quebec |
271.1 |
270.4 |
129.5 |
670.9 |
Ontario |
455.2 |
456.3 |
222.5 |
1,134.1 |
Manitoba |
50.8 |
50.7 |
28.9 |
130.4 |
Saskatchewan |
42.3 |
42.0 |
23.7 |
108.1 |
Alberta |
127.4 |
127.7 |
67.0 |
322.2 |
British Columbia |
162.3 |
162.7 |
83.4 |
408.5 |
Yukon |
17.7 |
17.7 |
17.1 |
52.6 |
Northwest Territories |
18.1 |
18.2 |
17.3 |
53.6 |
Nunavut |
67.7 |
67.7 |
67.1 |
202.5 |
Total |
1,300.0 |
1,300.0 |
700.0 |
3,300.0 |
|
Totals may not add due to
rounding |
Post-Secondary Education Infrastructure Trust
Equal per Capita Provincial/Territorial Allocation
|
|
2006–07 |
2007–08 |
Total |
|
|
($ millions)
|
Newfoundland and Labrador |
7.9 |
7.8 |
15.8 |
Prince Edward Island |
2.1 |
2.1 |
4.3 |
Nova Scotia |
14.4 |
14.4 |
28.8 |
New Brunswick |
11.6 |
11.5 |
23.1 |
Quebec |
117.4 |
117.1 |
234.5 |
Ontario |
194.8 |
195.3 |
390.0 |
Manitoba |
18.2 |
18.1 |
36.3 |
Saskatchewan |
15.3 |
15.1 |
30.3 |
Alberta |
50.6 |
50.7 |
101.3 |
British Columbia |
66.1 |
66.3 |
132.3 |
Yukon |
0.48 |
0.47 |
0.95 |
Northwest Territories |
0.67 |
0.67 |
1.35 |
Nunavut |
0.46 |
0.46 |
0.92 |
Total |
500.0 |
500.0 |
1,000.0 |
|
Totals may not add due to rounding |
Public Transit Capital Trust
Equal per Capita Provincial/Territorial Allocation
|
|
2006–07 |
2007–08 |
2008–09 |
Total |
|
|
($ millions) |
Newfoundland and Labrador |
4.8 |
4.7 |
4.7 |
14.1 |
Prince Edward Island |
1.3 |
1.3 |
1.3 |
3.8 |
Nova Scotia |
8.7 |
8.6 |
8.6 |
25.8 |
New Brunswick |
6.9 |
6.9 |
6.8 |
20.7 |
Quebec |
70.5 |
70.3 |
70.1 |
210.8 |
Ontario |
116.9 |
117.2 |
117.5 |
351.5 |
Manitoba |
10.9 |
10.9 |
10.8 |
32.6 |
Saskatchewan |
9.2 |
9.1 |
9.0 |
27.2 |
Alberta |
30.3 |
30.4 |
30.5 |
91.3 |
British Columbia |
39.6 |
39.8 |
39.9 |
119.3 |
Yukon |
0.29 |
0.28 |
0.28 |
0.85 |
Northwest Territories |
0.40 |
0.40 |
0.41 |
1.21 |
Nunavut |
0.28 |
0.28 |
0.28 |
0.83 |
Total |
300.0 |
300.0 |
300.0 |
900.0 |
|
Totals may not add due to rounding |
Affordable Housing Trust
Equal per Capita Provincial/Territorial Allocation
|
|
2006–07 |
2007–08 |
2008–09 |
Total |
|
|
($ millions)
|
Newfoundland and Labrador |
4.8 |
4.7 |
3.1 |
12.6 |
Prince Edward Island |
1.3 |
1.3 |
0.8 |
3.4 |
Nova Scotia |
8.7 |
8.6 |
5.7 |
23.0 |
New Brunswick |
6.9 |
6.9 |
4.6 |
18.4 |
Quebec |
70.5 |
70.3 |
46.7 |
187.4 |
Ontario |
116.9 |
117.2 |
78.3 |
312.3 |
Manitoba |
10.9 |
10.9 |
7.2 |
29.0 |
Saskatchewan |
9.2 |
9.1 |
6.0 |
24.2 |
Alberta |
30.3 |
30.4 |
20.4 |
81.1 |
British Columbia |
39.6 |
39.8 |
26.6 |
106.0 |
Yukon |
0.29 |
0.28 |
0.19 |
0.76 |
Northwest Territories |
0.40 |
0.40 |
0.27 |
1.08 |
Nunavut |
0.28 |
0.28 |
0.18 |
0.74 |
Total |
300.0 |
300.0 |
200.0 |
800.0 |
|
Totals may not add
due to rounding |
Off-Reserve Aboriginal Housing
Trust
|
|
2006–07 |
2007–08 |
2008–09 |
Total |
|
|
($ millions)
|
Newfoundland and Labrador |
2.7 |
2.7 |
2.7 |
8.2 |
Prince Edward Island |
0.2 |
0.2 |
0.2 |
0.7 |
Nova Scotia |
2.6 |
2.6 |
2.6 |
7.8 |
New Brunswick |
2.2 |
2.2 |
2.2 |
6.7 |
Quebec |
12.7 |
12.7 |
12.7 |
38.2 |
Ontario |
26.7 |
26.7 |
26.7 |
80.2 |
Manitoba |
10.8 |
10.8 |
10.8 |
32.5 |
Saskatchewan |
8.8 |
8.8 |
8.8 |
26.4 |
Alberta |
16.1 |
16.1 |
16.1 |
48.4 |
British Columbia |
17.0 |
17.0 |
17.0 |
50.9 |
Total |
100.0 |
100.0 |
100.0 |
300.00 |
|
Population shares for Aboriginal Canadians living
off-reserve based on 2001 census. Totals may not add due to rounding
|
Northern Housing Trust
|
|
2006–07 |
2007–08 |
2008–09 |
Total |
|
|
($ millions)
|
Yukon |
16.7 |
16.7 |
16.7 |
50.0 |
Northwest Territories |
16.7 |
16.7 |
16.7 |
50.0 |
Nunavut |
66.7 |
66.7 |
66.7 |
200.0 |
Total |
100.0 |
100.0 |
100.0 |
300.0 |
|
Totals may not add due to
rounding |
______________________________________
For further information, media may contact:
Eric Richer
Press Secretary
Office of the Minister of Finance
613-996-7861 |
David Gamble
Media Relations
Department of Finance
613-996-8080 |
- News Release 2006-048 -
|