Which of the Following Best Explains the Essence of Canada's

Which of the following best explains the essence of Canada's system of fiscal federalism?

A) the law that determines the formula for Canada's system of equalization payments
B) the constitutional delegation of fiscal responsibilities between federal,provincial,territorial and municipal governments
C) the coordination necessary for joint collection of federal and provincial income taxes
D) the division of powers between the federal government and the provincial governments
E) the coordination on taxing and spending that is necessary between the federal,provincial,territorial and municipal governments to meet the needs of all Canadian residents