Which of the Following Best Explains the Essence of Canada's

question 38

Multiple Choice

Which of the following best explains the essence of Canada's system of fiscal federalism?

• A)the law that determines the formula for Canada's system of equalization payments
• B)the constitutional delegation of fiscal responsibilities between federal,provincial,territorial and municipal governments
• C)the coordination necessary for joint collection of federal and provincial income taxes
• D)the division of powers between the federal government and the provincial governments
• E)the coordination on taxing and spending that is necessary between the federal,provincial,territorial and municipal governments to meet the needs of all Canadian residents