Chapter 8: Social Programs and Taxations Flashcards

1
Q

Social Programs

A
  • Services provided by government and payed for by taxes
  • Aim is to reduce social and economic inequalities while boosting wellbeing of all citizens
    Ex. pensions, healthcare
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2
Q

Extra

A
  • Most social programs payed run by the provincial government but funded by the federal

Federally run social programs: Old Age Security, Canadian Pension Plan
Provincially run social programs: health care, income assistance

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3
Q

Public Health Care

A
  • Health care funded by government and paid for by taxes
  • Canada
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4
Q

Private Health Care

A
  • Health care paid for by individuals
  • U.S.A
  • More like a business where people make profit
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5
Q

Profit

A
  • Money made for a product or a service above the cost it took to make and provide the services
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6
Q

Health Care Insurance

A
  • Agreement made by company to pay for your health services, in exchange for a fee payed each month or year
  • Used by many Americans but sometimes costs more than they can afford
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7
Q

Canada Health Care Act

A

In every province and territory in Canada healthcare must be:

  1. Run by the government with no profit
  2. All necessary health services (including hospital, surgical, dentistry etc.) must be insured
  3. All Canadian citizens are entitled to the same level of health care
  4. A citizen who moves to a new province or territory is still entitled to health care in their old province
  5. Canadian citizens must have reasonable access to healthcare facilities
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8
Q

Income Tax

A
  • A portion of annual income residents pay to the government
  • Sometimes can apply to operations/business
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9
Q
A
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10
Q

Flat Tax

A
  • Same percentage of tax on poor and rich
  • Supporters believe this is fair and equitable
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11
Q

Tax Base

A
  • Everything that exists and provides taxes for government
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12
Q
A
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