The Sequence of Procedure for Passing a Bill in the House

question 37

Multiple Choice

The sequence of procedure for passing a Bill in the House is

• A)First reading, Committee stage, report stage, second reading, third reading
• B)First reading, second reading, committee stage, report stage, third reading
• C)First reading, second reading, third reading, Committee stage, report stage
• D)First reading, Committee stage, second reading, third reading

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Definitions:

CCA Class

A classification in Canadian tax law, standing for Capital Cost Allowance, that determines the depreciation rate for various types of property for tax purposes.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be consumed or converted into cash in the short term.

CCA Pool

A grouping method for depreciating assets in a way that combines similar assets for the purposes of calculating capital cost allowance for tax purposes.

Marginal Tax Bracket

The tax rate that applies to the last dollar of an individual's income, used to determine the tax impact of additional income.