Dear John,

A design flaw in Canadas's equalization program means “have not” provinces will receive $8.9 billion in overpayments by 2025/26!

That's the finding of a new Fraser Institute study out today, which shows that despite a shrinking gap in the incomes of richer and poorer provinces, costs will continue to rise each year.

Equalization spending is projected to reach an estimated $25.1 billion in 2025/26 compared to only $16.2 billion if the flawed rule didn’t exist – an “overpayment” in excess of 50%!

Learn more about this design flaw by checking out the full study here [[link removed]], and be sure to spread this one far and wide!

Stay safe,

Niels

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