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equalization payment
English
Meaning
equalization payment
meaning
What does
equalization payment
mean?
equalization payment
noun
—
(
Canada
,
government
)
Extra
money
transferred
from
the
federal
government
to
a
province
,
drawn
from
general
tax
revenue
and
intended
to
redistribute
some
wealth
from
relatively
prosperous
provinces
to
relatively
poor
provinces
.
—
(
Canada
)
money
transferred
from
the
federal
government
to
a
province
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