The Canadian federal government's system of "equalization payments"
A) are made by provinces with above- average tax capacity to the federal government.
B) are made to provinces with inadequate "tax room."
C) are made by richer provinces to poorer provinces in the form of no- interest loans.
D) are made out of the federal government's general revenues to provinces with below- average tax capacity.
E) were established in 1867 between the original provinces of Canada as a means of equalizing living standards across the country.
Correct Answer:
Verified
Q69: The diagram below shows supply and demand
Q70: In 2008, tax revenues collected by all
Q71: Some important taxes are regressive, such as
Q72: Which of the following best describes the
Q73: The Goods and Service Tax (GST) taxes
A)
Q75: The table below shows 2009 federal
Q76: A tax that takes a smaller percentage
Q77: A "poverty trap" refers to the situation
Q78: According to Statistics Canada's definition, the percentage
Q79: If there were "horizontal equity" between all
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents