Income tax questions and answers canada
WebThe aim of this question is to assess whether the candidate knows Canadian tax regulations. The Income Tax Act states tax preparers that file over 10 returns for a client must file electronically. What to look for in an answer: In-depth knowledge of Canada's Income Tax Act; Experience filing taxes electronically; Ability to adapt their tax process
Income tax questions and answers canada
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WebMar 19, 2024 · Washington said this depends on your filing status, age, and other factors. "Generally, for the 2024 tax year, if you are single and earn more than $12,400, you are required to file." She said ... WebQuestions and Answers ( 4,502 ) The tax rate is 35%. 2012 2013 2014 Taxable income 2,000 2,500 -1,500 Taxes paid -700 -875 0 How much of a tax refund will be received in 2012 and 2013? View Answer.
WebIncome Test Questions and Answers . INCOME TESTING - GENERAL . Q. In the past, child care subsidy applicants had to be permanent residents of ... living outside of the country … WebYou filed your return late and you owe tax for 2024. You failed to report an amount on your 2024 return and you also failed to report an amount on your return for 2024, 2024, or …
WebJan 26, 2024 · You can easily find your balance owing or refund amount by logging into My Account or the MyCRA mobile web app. If you have a refund, you will also find the refund method, the date it was sent, and the amount refunded. If you have questions about your … Non-resident Canadians who do not receive their income tax package by February 20, … WebFeatures. File online. Save time and file online. Free tax clinics. You may be able to get your taxes done for free! Find out about the Community Volunteer Income Tax Program. …
WebAppeared in the Vancouver Province, December 11, 2024. Canada’s personal income tax system is complicated and the nuances are often difficult to understand and interpret. This is why, when it becomes more than just a nuisance, Canadians rely on officials from the Canada Revenue Agency (CRA) to answer questions and help them navigate the ...
WebMay 3, 2024 · Canada Revenue Agency Tests. 24 tests. 324 questions. Canada Revenue Agency (CRA) is the revenue service of the Government of Canada. As well as collecting taxes, Canada Revenue Agency sets tax law and associated policies and delivers benefits programs for the Canadian people. Buy tests Free test. hill climb racing offlineWebJun 27, 2024 · Her total income is quite low and she only pays tax at the 25% marginal tax rate. Larry is 5 years older and makes $850 per month in CPP. Larry also has a pension so his total income is much higher than Beth. He is in the 32% Marginal Tax bracket. The way Canada Pension Plan sharing works is they would give each other half of their CPP. smart and final santeeWebANSWER: The Government of Canada is providing targeted interest relief to Canadians who received COVID-related benefits in 2024. Once the 2024 income tax and benefit return is … smart and final scholarshipWebFind help filing your federal tax return with free programs and tools for specific needs or general tax filing questions. How to file your federal income tax return Learn the steps to file your federal taxes and how to contact the IRS if you need help. smart and final sardinesWeb1 day ago · Justin Mastrangelo, tax partner at BDO Canada LLP, answers viewer questions on BNN Bloomberg's Talking Tax. He shares his advice on how to treat management fees, interest income, medical expenses and childcare expenses. Add to Playlist. … smart and final santa ana hoursWebANSWER: The Government of Canada is providing targeted interest relief to Canadians who received COVID-related benefits in 2024. Once the 2024 income tax and benefit return is filed, individuals will not be required to pay interest on any outstanding income tax debt for the 2024 tax year until April 30, 2024. hill climb racing moon recordWebCanada has had an income tax ever since. While income tax may seem natural and inevitable to us today, it was met with resistance at the time and considered a significant … hill climb racing nuclear plant