Which Level of Government in Canada Has Primary Responsibility for the Enactment

question 30

Multiple Choice

Which level of government in Canada has primary responsibility for the enactment of legislation governing labour relations?

• A) The federal government
• B) Provincial governments
• C) Municipal governments
• D) The federal and provincial governments have joint responsibility

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Definitions:

Straight-line Depreciation

A method of calculating the depreciation of an asset which assumes the asset will lose an equal amount of value each year over its useful life.

Salvage Value

The estimated resale value of an asset after its useful life has ended.

Tax Rate

This is the proportion of income that is taken by the government as tax, impacting both individuals and businesses.

CCA Class

Refers to the classification system used for Capital Cost Allowance, determining the depreciation rate for tax purposes on different types of assets in Canada.