1. THE ECONOMIC ROLE OF THE GOVERNMENT
There are five main types of taxation which Canadian governments pay for there spending; First PERSONAL INCOME TAXES, personal income taxes are collected by the federal government, proceeds being shared with the provinces and territories (except in Quebec and Alberta, where federal and provincial income taxes are collected separately). ... Fourthly PROPERTY TAXES, property taxes are charged by local governments on buildings and land, For taxation purposes, these assets are assigned a value which is often not their potential price in the real estate market, but some arbitrary dollar amount se...
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- Approx Pages: 4
- Grade Level: Undergraduate