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 taxationQuebec is entitled to funding for comparable levels of public services to keep its taxes comparable with the rest of Canada. Quebec is not guaranteed free money so that it can have the most expansive welfare state in Canada at moderate levels of taxation.
It's nice to see that the rhetoric about "original intent" of the Constitution is as empty and ridiculous in Canada as it is in the United States.
Oh, and where did I find this passage? In the Report on the Fiscal Imbalance published by the Government of Quebec. They had, you can imagine, a different interpretation from mine.
It's worth pointing out that the PQ's desired solution to the fiscal imbalance is the elimination of all health transfers and handing billions of tax dollars to the Provinces in perpetuity. Exactly how long do you think Canadian health care would last, given that we've basically stopped enforcing the Health Act?