Which Statement Best Describes a Distinguishing Feature of Canada's Patent

question 29

Multiple Choice

Which statement best describes a distinguishing feature of Canada's patent regime?

• A) It is a 'first to invent' system.
• B) It is a 'first to use' system.
• C) It is a 'first to file' system.
• D) It is a collective commons system.

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Definitions:

Filing Status

A category that defines the type of tax return form an individual or entity will use, based on marital status and other factors.

Adjusted Gross Income (AGI)

A person's entire income before adjustments, reduced by certain allowable deductions, to calculate the income subject to tax.

Gross Income

The total income received before any deductions or taxes are taken out.

Permitted Deductions

Expenses that can legally be subtracted from one's gross income to reduce the amount of income subject to tax.