COMMERCE 1E03 Lecture Notes - Lecture 4: Canadian Business, Petro-Canada, Mixed Economy
10 Apr 2016
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Canada was formed in 1867 and the federal government was given power to regulate trade and commerce". Laws can apply to setting up (e. g. , business registration), running (e. g. , reporting requirements), running a business and closing a business (cid:49406) taxation and financial policies: all levels of government collect taxes income taxes, the gst or. [ taxes (income and corporate) are how all levels of government raise money and redistribute wealth] (cid:49407) government expenditures: government pay out billion of dollars to canadians. When these recipients spend this money, businesses bene t. All levels of government provide a host of direct and indirect aid packages as incentives to achieve certain goals. These packages consist of tax reductions, grants, loans, and loan guarantees. (cid:49408) purchasing policies: government are very large purchasers of ordinary supplies, services, and materials to operate the country. Because the federal government is the single largest purchaser in.
