The following questions provide a review of some key topics and issues that have been in the news in April.

  1. What national event took place on April 15, 2015?
    1. Talk With Our Kids About Money
    2. Take Our Kids to Work
    3. Earth Day
    4. National Day of Learning
  2. Which NHL team secured first place in the draft lottery?
    1. Toronto Maple Leafs
    2. Vancouver Canucks
    3. Edmonton Oilers
    4. Ottawa Senators
  3. Who is the new host of q, CBC radio’s daily arts show?
    1. Peter Mansbridge
    2. Shad
    3. Elvira Kurt
    4. Tanya Tagaq
  4. TPG Capital and Fosun Capital Group just agreed to pay $1.5 billion for what Canadian company?
    1. Cirque du Soleil
    2. The Globe and Mail
    3. Canadian Tire
    4. Air Canada
  5. Canada recently ranked 5th on a world-wide Gallup Poll measuring what?
    1. Well-being
    2. Happiness
    3. Health
    4. Education

    The following questions refer to the Federal Budget released April 22, 2015.

  6. What tradition does the Finance Minister follow on the eve of announcing the budget?
    1. Invite family members to the House of Commons to hear his speech
    2. Buy new shoes the day before the budget
    3. Leak key concepts to the media
    4. No traditions are followed
  7. What does a balanced budget mean?
    1. When income and expenses are equal
    2. When there is no deficit but there is a debt
    3. When there is a surplus
    4. All of the above
  8. Many policies in this budget are aimed at a specific sector of the population. Which demographic is that?
    1. 18-24
    2. 25-55
    3. 55-65
    4. 65+
  9. What percentage of households will likely benefit from the income- splitting aspect of the Family Tax Cut?
    1. 15%
    2. 18%
    3. 25%
    4. All households that have two incomes
  10. The EI premium rate is set to decline in 2017. Why?
    1. It is anticipated that we will have lower unemployment in Canada
    2. It is anticipated that there will be less people eligible to collect unemployment
    3. The government currently collects more than it needs to fund the program
    4. Tax payers have insisted on this
  11. Big city mayors are getting ready to apply for funding announced in the budget for:
    1. Health
    2. Transit
    3. Colleges
    4. Welfare
  12. The Federal budget included a tax cut for small business. What is it?
    1. Reducing the tax rate on the first $500,000 to 9%
    2. Reducing the tax rate on the first $500,000 to 11%
    3. Giving small business start-ups a tax break for the first 5 years
    4. None of the above

Click here to view answers.