One of the guiding principles in Canada's system of "fiscal federalism" is that
A)only provinces that are "federalist" should receive fiscal assistance from the federal government.
B)each province is an independent fiscal entity.
C)the tax base should be approximately equal in each of the provinces and territories.
D)the true cost of provision of public goods to the various provinces of Canada should be recovered in tax revenue from the province receiving the benefit.
E)individuals should have approximately the same access to public services,at broadly comparable tax rates,no matter where they live.

Question

Quizplus · Accepted Answer

One of the guiding principles in Canada's system of "fiscal federalism" is that individuals should have approximately the same access to public services, at broadly comparable tax rates, no matter where they live. This ensures that there is a level of equalization across the country and that citizens are not disadvantaged based on their location. It is achieved through transfer payments from the federal government to the provinces and territories, which help to bridge gaps in revenue-raising ability between jurisdictions.

One of the Guiding Principles in Canada's System of "Fiscal