Question
Please help me to solve these questions. As per policy, experts can answer 4 questions so please answer all otherwise leave this post. Which of
Please help me to solve these questions. As per policy, experts can answer 4 questions so please answer all otherwise leave this post.
Which of the following is not a legitimate deduction in Canada?
Mortgage interest on your home | ||
RRSP contributions | ||
Union dues | ||
The cost of investment advice |
If George is 65 and his income level is in a combined marginal tax bracket of 45 percent, then
he can save $900 on his taxes if he applies his son's $2000 of tuition amount. | ||
he can save $900 on his taxes from his $2000 medical expenses. | ||
he can save $900 on his taxes from his $2000 RRSP contribution. | ||
All of the above are correct. |
The T4 slip provided by your employer shows all your
income earned and tax deducted for the year. | ||
income and deductions made by the employer on your behalf for the year. | ||
income, professional dues, and taxes for the year. | ||
income earned and deductions for the year. |
You have a salary of $30 000, an RPP deduction of $2000, paid $1000 interest on your line of credit and paid union dues of $800. If the basic personal amount is $12,000, what is your taxable income?
$26,200 | ||
$27,200 | ||
$28,000 | ||
$18,000 |
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