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Equalization payments, worth 11.7 billion Canadian dollars are made by the federal government to the provinces from richer provinces (currently Alberta, Newfoundland,<ref>[http://www.cbc.ca/canada/newfoundland-labrador/story/2008/11/03/have-not.html]</ref> and British Columbia) and the poorer provinces (Ontario,<ref>[http://www.cbc.ca/canada/story/2008/11/03/flaherty-ministers.html]</ref> Nova Scotia, Prince Edward Island, New Brunswick, Quebec, Manitoba and Saskatchewan). This is to ensure that reasonably uniform standards of services and taxation are kept between the richer and poorer provinces.<ref>[http://www.budget.gc.ca/2007/bp/bpc4e.html Budget 2007]</ref> These payments have not been without controversy as provinces begin to make more revenues from natural resources they do not want to give up the Equalization payments.
Equalization payments, worth 11.7 billion Canadian dollars are made by the federal government to the provinces from richer provinces (currently Alberta, Newfoundland,<ref>[http://www.cbc.ca/canada/newfoundland-labrador/story/2008/11/03/have-not.html]</ref> and British Columbia) and the poorer provinces (Ontario,<ref>[http://www.cbc.ca/canada/story/2008/11/03/flaherty-ministers.html]</ref> Nova Scotia, Prince Edward Island, New Brunswick, Quebec, Manitoba and Saskatchewan). This is to ensure that reasonably uniform standards of services and taxation are kept between the richer and poorer provinces.<ref>[http://www.budget.gc.ca/2007/bp/bpc4e.html Budget 2007]</ref> These payments have not been without controversy as provinces begin to make more revenues from natural resources they do not want to give up the Equalization payments.
[[File:Urmas Paet Canadian Minister of International Trade Peter Van Loan, 2010.jpg|thumb|250px|The Minister of International Trade Peter Van Loan with Urmas Paet, Estonian Foreign Minister, 2010.]]
British Columbia's combined federal and provincial corporate tax rate is lower than any jurisdiction in the United States.<ref name=tax>{{cite web|url=http://www.britishcolumbia.ca/Invest/Business-Climate/Pages/CompetitiveTaxClimate.aspx|title=Competitive Tax Climate|publisher=British Columbia|accessdate=Aug 12, 2012}}</ref> The BC corporate rate is 10% and the federal rate is 15%.<ref name=tax/>
British Columbia's combined federal and provincial corporate tax rate is lower than any jurisdiction in the United States.<ref name=tax>{{cite web|url=http://www.britishcolumbia.ca/Invest/Business-Climate/Pages/CompetitiveTaxClimate.aspx|title=Competitive Tax Climate|publisher=British Columbia|accessdate=Aug 12, 2012}}</ref> The BC corporate rate is 10% and the federal rate is 15%.<ref name=tax/>