Question
Question 1 The CRA colllects the federal/provincial and territorial income tax excet that of quebec. Question 1 options: True False Question 2 Taxable income is
Question 1
The CRA colllects the federal/provincial and territorial income tax excet that of quebec.
Question 1 options:
True | |
False |
Question 2
Taxable income is net income minus certain allowable deductions and non-taxable amounts that the income Tax Act allows to be deducted from net income. It is important becuase it is the income on which tax is levied.
Question 2 options:
True | |
False |
Question 3
What income must an ordinarily resident of Canada report on his or her tax return?
Question 3 options:
|
Federal/provincial income
|
|
Provincial Income
|
|
Federal Income
|
|
World Income for the entire year
|
Question 4
The taxation year of an individual is fiscal year.
Question 4 options:
True | |
False |
Question 5
Efile is filing a tax return electronically through a registered electronic service provider. NETfile is filing a tax retrun electronically using the Internet.
Question 5 options:
True | |
False |
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