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Welfare
Types of Taxes
Definitions
Figure 7.16: Transfer Payments and Income Equity
Figure 7.17: Personal Income Tax and Income Equity
100
Canadian income system which is responsible for paying retirement or disability benefits.
What is Canadian Pension Plan
100
A tax that increases as a proportion of income as income increases.
What is progressive tax
100
Suggesting that taxes should be imposed on the benefits each taxpayer gains from government activity.
What is benefits received
100
The average transfer payment received by the lowest 20%.
What is $8200
100
The Average Personal Income Tax paid by the lowest 20%.
What is $600
200
Individuals in Canada who have recently lost a job, are unable to work because of illness, or who are caring for a young child or a seriously ill family member receive temporary financial assistance from the government.
What is Employment insurance
200
A tax that decreases as a proportion of income as income increases.
What is regressive tax
200
Taxation principle in which taxes vary in proportion to a tax payers financial resources in particular income.
What is ability to pay
200
The Transfer Payment as a Percent of Total Income for the Third 20%.
What is 15.7%
200
The Personal Income Taxes as a Percent of Income for the lowest 20%.
What is 3.7%
300
Providing a monthly payment to support people in Canada with little or no income. The rules for eligibility and the amount given vary widely between the provinces
What is Income support
300
A tax that remains constant as a proportion of income of all incomes.
What is proportional tax
300
Benefits that apply to all individuals no matter the income.
What is universality
300
Average Transfer payment received by the Highest 20%.
What is $5600
300
The Average Personal Income Tax paid by the Average of the Total.
What is $11,900
400
This program helps Canadian families, as they try to balance work and family life, by supporting their child care choices through direct financial support It is paid in instalments of $100 per month per child.
What is Universal child care benefit
400
Taxes that are against profits earned by businesses during a given taxable period.
What is corporate taxes
400
Transfer payments are different in respect to the recipients income.
What is means testing
400
Average Transfer payment received by the Second 20%.
What is $10 500
400
The Average Personal Income Tax paid by the highest 20%.
What is $36,500
500
System which provides health care and financial protection to all Canadian citizens.
What is Medicare (Canada's Health Care System)
500
Taxes imposed by the government on individuals or entities that varies with the income or profits of the taxpayer.
What is personal income taxes
500
The government plays a major role in trying to ensure the well-being of its citizens.
What is welfare society
500
The lowest 20% get a transfer payment that is more than ______ of their income.
What is half
500
Thanks to the effect of personal income taxes, post income taxes in Canada are much more ________ distributed.
What is equally