There are four main federal spending programs for households, known as transfer payments, since funds are transferred as a way of increasing households’ economic welfare rather than in exchange for products or the supply of resources. First, The Seniors Benefit which provides monthly payments to Canadian residents 65 years and over, with higher dollar amounts for those with lower incomes. Secondly, The Child Tax Credit which provides payments to low income parents of children under 18 years old. Thirdly, Employment insurance a federally run insurance program which is funded by compulsory contributions from employees and their employers that aids people that are unemployed because of layoffs, temporary sickness, of the birth or adoption of a child. Finally, the Quebec and Canadian Pension Plans (QPP and CPP) which provide workers in Quebec and the rest of Canada with payments after retirement, finance by compulsory contributions form employees and their employers.

Second and thirdly SALES and EXCISE TAXES, Sales and excise taxes are levied by both federal and provincial governments on goods and services. Sales taxes are usually charged on a wide range of goods and services and are calculated as a percentage of the prices of these products. In contrast, excise taxes are charged on particular products, such as gasoline, liquor, and tobacco, and are often expressed s a dollar amount per unit or quantity, rather than in terms of percentages of product price.

Fifthly and finally CORPORATE INCOME TAXES, corporate income taxes are paid by corporations to governments as percentage of their annual profits. Like personal inc

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, ROLE Critics, Households Pay, INCOME TAXES, Transfer CHST, PROPERTY TAXES, TAXES Sales, SPENDING PROGRAMS, Thirdly Employment, QPP CPP, income taxes, personal income, personal income taxes, federal provincial, dollar amount, economic role, provincial governments, income tax, federal government, taxable income, employment insurance, federal provincial governments, income taxes collected, corporate income taxes, provincial territorial governments,