Textbook Notes (369,072)
Canada (162,367)
Economics (923)
ECN 104 (387)
Chapter 12

Chapter 12 - The Design of the Tax System

3 Pages
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Department
Economics
Course Code
ECN 104
Professor
Tsogbadral Galaabaatar

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Description
Chapter 12IntroductionOne of the Ten Principles from Chapter 1A government can sometimes improve market outcomesProviding public goodsRegulating use of common resourcesRemedying the effects of externalitiesTo perform its many functionsthe govt raises revenue through taxation A Financial Overview of Canadian GovernmentsFederalist structurePolitical power divided between federal government and provincial governmentsFederal government has the greater powerLocal and municipal governments are granted powers by the provincial governmentFederal government responsibilitiesMatters of national interestnational defence and foreign policy international trade competition policy criminal law and money and bankingDelivery of some national social programs eg Employment Insurance EI and Can
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