What is fiscal policy? The fiscal policy regulates the economic growth and tax rates in a country's economy aver a particular period. The fiscal policy is a collection of techniques used by the Bank of Canada (central bank) to affect the economy of the country. The fiscal policy reflects how the government imposes taxes on individuals and corporations and how it spends tax revenues The fiscal policy sets minimum wage regulations to ensure fair employment. The fiscal policy also sets tax brackets for individuals and corporations.

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