COMMERCE 1E03 Chapter Notes - Chapter 4: Canada Health Transfer, Money Supply, Business Cycle
23 Feb 2015
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Divided into six categories: crown corporations, laws & regulations, taxation. &financial policies, government expenditures, purchasing policies, and services. These are hundreds of such companies, and they play an important role in the economy. These cover a wide range, from taxation and consumer protection to environmental controls, working conditions, and labour-management relations. All levels of government collect taxes income taxes, the gst or hst, provincial sales taxes, and property taxes. Taxation is also fine-tuned by government to achieve certain goals or to give effect to certain policies. Governments pay out billions of dollars to canadians. When these recipients spend this money, businesses benefit. All levels of government provide a host of direct and indirect old packages as incentives to achieve certain goals. These packages consist of tax reductions, grants, loans, and loan guarantees. Governments are very large purchases of ordinary supplies, services and materials to operate the country.
