Monday, 11 February 2013

Canadian Taxation System. Quiz.

1. What government department administers the tax system in Canada? - Canada Revenue Agency (CRA).
2. Name 4 benefits paid for by taxes in Canada - Roads, public utilities, schools, and health care.
3. Name 3 items you must report on your income tax return - income, deductions, and tax credits.
4. What is the deadline to file your income tax return? - April 30th.
5. What happens if you pay a balance (money) owing late? - You are charged penalties and interest.

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