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4. What is the actual revenue {2019-2020) and projected revenue (2021-2022) for the following government revenue items? What is the main factor or driver that

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4. What is the actual revenue {2019-2020) and projected revenue (2021-2022) for the following government revenue items? What is the main factor or driver that each estimate is based on? Fill in the table below. {4 marks} Revenue Item 2019 - 2020 2021 - 2022 Factor estimate Actual Outlook based on Personal Income Tax Sales Tax Education Property Tax 5. What economic risks. based on this report, does the government feel will have the most impact on potential revenue and recovery? Based on your knowledge of the components of GDP, which do you think will have the greatest impact? Explain. (4 marks} 6. Name and explain 3 tax credit measures adopted in this budget. [3 marks} 7. Do you think these actions and estimates are reasonable and sufcient? Explain why or why not. How did the press and Ontarians react? Provide, with a summary, at least 5 current Canadian articles that support your opinion. {5 marks]

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