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What Are the Enduring Myths About Canada's Equalization Program That

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Essay

What are the enduring myths about Canada's equalization program that often confuse our understanding of fiscal federalism?


Definitions:

Capital Gain

The profit from the sale of a capital asset, such as stocks, bonds, or real estate, exceeding the purchase price.

Stockholder

An individual or entity that owns shares of stock in a corporation, giving them a claim on part of the corporation's assets and earnings.

Maximum Marginal

typically refers to the highest tax rate applied to the last dollar of taxable income in progressive tax systems.

Corporate Tax

A tax imposed on the income or profit of corporations and other business entities.

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