An
equalization payment is a financial transaction made to balance out differences in income or wealth between individuals or groups. It helps ensure that everyone receives a fair and equal share or opportunity.
Full definition
Many Albertans find it rich that Quebec — which provides families with subsidized daycare and offers university tuition at less than half the rate of other provinces — criticizes Ottawa for capping
equalization payments in 2009 to the rate of the economy's increase.
With respect to (4) and (5), the ONCA set aside the motion judge's lump sum spousal support order, without prejudice to the mother's right to bring another motion for lump sum support, noting that the motions judge's analysis on this issue was lacking and that his approach supported the conclusion that the underlying purpose of his lump sum spousal support award was merely to convert the mother's
unpaid equalization payment into lump sum spousal support following the father's bankruptcy.
Indeed, transfers and regional equity are enshrined in Section 36 of the 1982 Constitution Act and Section 36 (2) reads: «Parliament and the government of Canada are committed to the principle of
making equalization payments to ensure that provincial governments have sufficient revenues to provide reasonably comparable levels of public services at reasonably comparable levels of taxation.»
This was a motion for security for costs of the appeal, on the grounds that the wife's appeal of a spousal support and
equalization payment order was frivolous and vexatious and that the wife had insufficient assets in Ontario to pay the costs of the appeal.
(1) that the audi alterem partem rule meant that the motion judge could not fix his
own equalization payment figure — but rather, he had to choose one of the figures proposed by the wife; and
If one spouse receives property at a higher value than the other spouse, you may have to agree to a community
property equalization payment from the wife or husband with more value to the wife or husband of less valuable property.
Ms. Ruizhen represented in her e-mail that she allegedly living in China and was seeking to retain my firm to assist her with the collection of an outstanding property
settlement equalization payment, in the sum of $ 468,450 USD.
The province with the highest per
capita equalization payment in 2011 - 12 was PEI with $ 2,350, followed closely by New Brunswick with $ 2,185.
In fact, in the half - century history of
federal equalization payments, Alberta has been a net benefactor to the other provinces every single year — usually by huge margins.
As well, Croak notes that there's greater job inequality in the U.S.. For instance, in Canada,
equalization payments between the provinces have helped make the steps on the ladder that you need to climb less wide than in the U.S. «In comparison, the U.S. has several pockets of poverty, especially in the South,» says Corak.
Zavarella v. Zavarella 2013 ONCA 720 Family Law — Husband and wife — Marital property — Distribution orders —
Equalization payments About two weeks before she was married, a future wife, with debts of $ 49,838.70, made an assignment into bankruptcy.
A Chapter 13 bankruptcy man enable you to discharge debts that wouldn't be dischargeable under other chapters of the bankruptcy code, such as marital
dissolution equalization payments.
Note that this outcome pertains to unpaid
equalization payments only, which readers will know is the amount that spouses must pay to each other in order to equalize their respective Net Family Property as part of their division of assets.
From a legal standpoint, the motion judge's ruling effectively circumvented the distinction in law between the types of award: Unpaid
equalization payments got swept into the husband's bankruptcy and evaporated once he was discharged, while spousal support obligations did not.
Moreover, the motion judge was wrong to deal with the unequal division claim at the pleadings stage, because such a determination can only be done after the
usual equalization payment is calculated.
In a short judgment, the province's top court ruled in favour of the husband, who claimed that the couple's original separation agreement barred a
fresh equalization payment when they split up again.
Under that contract, the wife waived support and
equalization payments in exchange for a long - term stream of employment income, and other benefits.
In response to (1), the ONCA noted that «this is not how summary judgment motions work» and held that the motion judge properly considered the evidence, applied the statutory framework, and determined the
appropriate equalization payment.
about an interesting distinction in Canadian law: a claim for
unpaid equalization payment is «swept into» a paying spouse's bankruptcy, whereas claims for unpaid child or spousal support can survive it.
Alberta, B.C. and Saskatchewan received
no equalization payments and Ontario became a recipient province getting about $ 171 per person.
That's the per capita figure for the $ 1.1 billion in territorial formula financing (
equalization payments) given to Nunavut in the 2011 - 2012 fiscal year.
The Federal govermnent and provincial government have mostly financial issues between them (
Equalization payments) and political issues (separation of powers).
We don't have major federal funding earmarked for schools, but we do have
equalization payments that (I believe) are more robust than the US federalist model.
As a common - law couple, no one is entitled to
equalization payments — payments made from one spouse to another to create an equal division of the assets.
Answer: Yes, if your ex-husband is obligated to make
an equalization payment that has been ordered prior to him filing bankruptcy, then you become a creditor in the bankruptcy.
Question received: I have
an equalization payment owed to me.
If he is able to obtain a discharge from bankruptcy, then
the equalization payment is discharged with the other debts.
Answer: Yes, if your ex-husband is obligated to make
an equalization payment that has been ordered prior to...
Another consideration is that if the deceased was married at the time of their death — to a step - parent, for example — that person may be entitled to an election under the Family Law Act to receive
an equalization payment and make a potential claim against the estate.
Premier Kathleen Wynne is demanding that Flaherty compensate Ontario for slashing $ 641 million from
its equalization payments, while Quebec's Parti Quebecois government warned against any «ugly surprises» in this year's budget that could provoke new squabbles.
Canada has a federal process called «
equalization payments.»
According to the Family Law Act, non-married couples are not entitled to the property division regime known as
the equalization payment.