Term
| What is considered your Standard of living? |
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Definition
| Measurement of products people buy |
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Term
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Definition
| An organization that provides goods and products to customers in order to gain profit |
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Term
| What does the Federal Government do? |
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Definition
(oversees the well-being of Canada)
-Money + banking
-Trade regulation
-Defence
-Criminal Law
-Transport |
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Term
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Definition
| Civil or private act that harms people or property |
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Term
| What does the Provincial Government do? |
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Definition
(Protects Rights)
-Education
-Health/Welfare
-Environment
-Property + Civil Rights |
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Term
| What does the Municipal government do? |
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Definition
Deliver services
-water, sewer, waste collection
-bylaws |
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Term
| What are the 5 Most common taxes? and which of the 5 is paid through federal and provincial taxes? |
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Definition
1. Income Taxes (Federal + Provincial)
2. Property Taxes
3. Payroll taxes
4. Sales Taxes
5. Excise Taxes |
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