The current equalization program calculates 50 per cent of a province's natural resource revenues in determining its revenue-generating ability -- or "fiscal capacity" -- and whether it deserves an annual equalization payment.
He's also considered one of the architects of what became the modern federal equalization payment system, in which the federal government shares revenue with the provinces.
The government should control all unemployment insurance programs, assume all provincial debts, collect all income taxes, and make equalization payments to needy provinces.
