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1 . Remy is a Canadian citizen, and his parents applied for his SIN when he was born. Will he need to re - apply
Remy is a Canadian citizen, and his parents applied for his SIN when he was born. Will he need to reapply when he is older? a Yes b No Parker has been working at the same job parttime for two years but decided to take on a second job over the summer to help save up for a car. He will only claim the basic personal amount when he files his income tax and benefit return. However, Parker estimates the income from both jobs to be more than the value of the basic personal amount as shown on line of the TD form. What amount should Parker enter on line of the first page when he is filling out the TD form for his second job? a The amount of the basic personal amount b The amount of income he expects to earn at the second job cO A social insurance number SIN is a digit identification number that you need to work in Canada. What other situation do you need a SIN for? a To apply for a health card with your province or territory b To receive benefits and services from the government c To apply for a passport with the government d To register to vote with Elections Canada Keeping good records is essential for and beneficial to self employed individuals. Which of the following statements about record keeping for self employed individuals are not true? Choose all that apply. A Complete and organized records may mean lower taxes for you. B Successful use of records may show the trends in your business. C Good records can show expenses you may deduct and tax credits you may be eligible for. D Complete bookkeeping only requires keeping track of business expenses. A B and C B and C A and C
D D
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