Provincial revenue sharing

Provincial revenue sharing is a system where the federal government distributes a portion of its collected revenues—like taxes—to provincial governments. This helps ensure that provinces have sufficient funds to provide essential services such as healthcare, education, and infrastructure. The goal is to promote regional equality by supporting provinces that have less local revenue, allowing all regions to meet the needs of their residents. Essentially, it’s a way for the national government to assist provinces financially, fostering balanced economic development across the country.