What Legislation Is Based on the Basic Concept That the Employer

question 20

Multiple Choice

What legislation is based on the basic concept that the employer and employee contribute to a fund that provides insurance against loss of income?

• A) the Employment Insurance Act
• B) various workers' compensation acts in all provincial jurisdictions
• C) the Employment Equity Act
• D) the Canadian Charter of Rights and Freedoms

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Definitions:

Optimal Distribution

The allocation of resources in a manner that maximizes efficiency and effectiveness, often in terms of cost, access, or utility.

Earned Income Tax Credit

A refundable tax credit aimed at benefiting workers with low to moderate income, encouraging and rewarding work.

Farm Subsidy Programs

Financial assistance programs provided by the government to farmers to stabilize food prices, ensure a consistent food supply, and sustain the agricultural sector's economic viability.

Social Security

A government program that provides financial assistance to people with inadequate or no income, primarily the elderly, disabled, and survivors.