Canadian-Citizenship Practice Test - Canada's Economy 3

Question 1

Which of Canada's territories or provinces has the largest economy by GDP?

Accepted Answer

Ontario

Answer

Ontario has the largest provincial economy in Canada, contributing the most to national GDP. Toronto, Ontario's capital, is Canada's financial centre and home to the Toronto Stock Exchange (TSX).

Question 2

What is the GST (Goods and Services Tax) in Canada?

Accepted Answer

A federal tax of 5% applied to most goods and services sold in Canada

Answer

The GST is a federal consumption tax of 5% applied to most goods and services in Canada. Many provinces combine it with their provincial sales tax into a single Harmonized Sales Tax (HST).

Question 3

What is Employment Insurance (EI) in Canada?

Accepted Answer

A federal program that provides temporary financial assistance to Canadians who lose their job or cannot work due to illness, pregnancy, or caregiving

Answer

Employment Insurance (EI) is a federal program funded by contributions from employees and employers. It provides temporary income support to eligible workers who lose their jobs, are ill, or take parental leave.

Question 4

The Trans-Canada Highway connects Canada from coast to coast. How long is it approximately?

Accepted Answer

About 8,000 km

Answer

The Trans-Canada Highway stretches approximately 8,000 km from Victoria, British Columbia, to St. John's, Newfoundland, making it one of the longest national highways in the world.

Question 5

Which industry is the largest employer in Canada?

Accepted Answer

The service sector (retail, finance, health, education)

Answer

The service sector — including retail trade, financial services, health care, and education — is the largest employer in Canada, accounting for the majority of jobs in the Canadian economy.

Canadian Citizenship Practice Test

Canadian Citizenship Practice Test

Canadian-Citizenship Practice Test - Canada's Economy 3