Today, Erin O’Toole announced an important first step to end the mistreatment of Western Canadians. To restore open and respectful federalism, Canada’s Conservatives will fix the Fiscal Stabilization Program by:
1. Removing the per person payout cap.
2. Lowering the revenue decline threshold so that it is triggered at 3% rather than the current 5%.
3. Lowering the resource revenue decline threshold so that it is triggered at 40% rather than the current 50%.
4. Making these changes retroactive to 2015.
The retroactive changes will flow through our Equalization Rebate, giving $5 billon back to provinces paying more than their fair share during some of their hardest years, with $4 billion going back to Alberta.
Canada’s Conservatives are here to offer a choice – more of the same from Justin Trudeau’s Liberals and the other parties on the left, or restoring fairness in the West with Canada’s Conservative.
I’m proud to be part of a party that is taking a stand on behalf of all Albertans.
Secure the future, help elect Erin O’Toole’s Conservatives and get Canada’s economy back on track.