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WorksheetsUnderstanding Inequality and Taxation
Total questions: 10
Worksheet time: 5mins
Which political party is proposing a wealth tax?
Liberals
NDP
Conservatives
Bloc Quebecois
Which of these is not a measure suggested by them?
A progressive wealth tax
A luxury goods tax
Going after large-scale tech companies
Going after corporations that pay executive bonuses from government supports
Which of these provinces could have a progressive wealth tax in the near future?
BC
AB
ON
QC
The top 1% of Canada owns what percentage of the country's wealth?
15%
18%
25%
28%
The top 1% of the richest in the US hold what percentage of it's total wealth
20%
28%
32%
35%
What is the basic criteria for Canada's wealth tax?
0.1% of earnings over 20M
1% of earnings over 20M
10% of fortunes over 10M
1% of fortunes over 20M
The main aim of lobbies is to
Bribe
Influence
legislate
support
Lisa bought a vacation home in Kelowna for 400K. Two years later, she sold it for 950K. What tax will she need to pay?
capital gains tax
luxury goods tax
wealth tax
income tax
Lisa bought a vacation home in Kelowna for 400K. Two years later, she sold it for 950K. What amount is taxable?
550K
950K
225K
She is exempt
Which of these does capital gains not include?
Rental property
business property
yatch
stocks and shares
