module 7 part 1 Flashcards
Telecommunications act created the
do not call list
do not call list penalities
1500 for individuals
15000 for a corp
Bell canada operates the
national dncl service
brokerages must register with the national dncl operator and
subscribe to the national dncl
internal dncl records should be kept for a minimum
of 3 yrs
What constitutes a buisness relationship
- made an inquiry within 6 months
- Purchased, leased, or rented a property through the brokerage in the past 18 months
do not call list is updated
every 31 days
goal of the canadian anti spam legislation
sets requirements for sending commerical electronic msgs
CEM is any means of telecomm such as
email, phone, IM
Express consent
consent to receive electronic comm has been given through an online or physical sign up
implied consent of a buissness relationship expires within
2 yeras
time limit fo sending a cem wo express consent is
6 months if they made an inquiry
consent is not required in the case of a
referral
Commissioner of competition is responsible for
the adminstration and enforcement of the competitiion act
The competition act prohibits
misleading adverts
conspiracies (The competition act)
unlawful agreement to fix or increase prices bw competitors
Price maintenance
person influences prices in an upward direction by discouraging people offering lower prices
Bid-rigging
agreement in response to a bids
The competition act best practices (do not)
collude, discriminate or mislead
Capital gain refers to the net increase in value
of a capital property from the date it was purchase to the date its sold
Capital property is any item
if sold would result in a capital gain
Business income refers to income a person earned
from an activity undertaken for profit
Business income does not include
salaries obtained from an employer
In a capital gain only 50% of
the net proceeds is added to the income of the taxpayer
