COMMERCE 1E03 Lecture Notes - Lecture 6: Liquor Control Board Of Ontario, Airbnb, Canada Revenue Agency

• School: McMaster University
• Department: Commerce
• Course: COMMERCE 1E03
• Professor: Rita Cossa

Document Summary

In the early 1800"s, canada was faced with challenge of unifying a population scattered across a large mass of land as western provinces joined confederation (chapter 4 slide 2) The answer to this challenge was the creation of a federal state. The constitution outlines the responsibilities of each level of the government. The federal government has downloaded (pass down powers) to provincial governments (chapter 4 slide 3: crown corporations. Crown corporations are businesses owned and run by the federal or provincial governments. Crown corporations may arise to: bail out an industry (canadian pacific railway, provide services that otherwise would not be provided by a private company. Trend of privatization: privatization is the selling of a crown corporation to a private business. The government is responsible for overseeing the setting up of businesses, the running of a business and the closure of a business.