The phrase
"provincial coffers" refers to the financial resources or funds held by a local or regional government.
Full definition
These funds will go straight
into provincial coffers, straight into the programs they have to assist victims of crime.
According to a Conference Board of Canada study, a BHP acquisition of Potash Corp. could
cost provincial coffers $ 2 billion over a decade if the Melbourne - based company proceeds with a new $ 12 - billion mine proposal, which would create more than 2,000 jobs but generate capital write - offs.
Even if the federal system didn't impose new taxes, Alberta companies would be able to deduct their compliance costs from both income taxes and royalties, which, as Leach notes, would
hit provincial coffers.
But with provincial deficits swelling from coast to coast this year, and rising health care costs expected to
ravage provincial coffers in the coming decades, federal figures are starting to paint an increasingly misleading portrait of Canada's government debt situation.
As Maclean's argues in our guide to the federal budget, the state
of provincial coffers matters just as much as that of Ottawa's finances.
The province, though, needs to recognize that if an emission - constrained world is going to limit the royalty revenue it collects from extracting fossil fuels, then it will be better off with a tax regime that adds money to
provincial coffers when fuel is burned.
Instead of requiring perpetual subsidies, á la the «renewable» technologies that President Obama intends to redouble if he is reelected, the oil sands generate vast sums in royalties and taxes: an anticipated $ 690 billion into federal and
provincial coffers all across Canada over the life of the project.
On a home that sold for $ 1.2 million that's an extra $ 180,000 to be paid into
the provincial coffers.
The available data doesn't tell us whether that money went into federal coffers,
provincial coffers, or both.