Question
Question 16 (1 point) Non Refundable Tax Credit includes : Question 16 options: Amount for an eligible dependent Spouse or common-law partner amount Age amount
Question 16 (1 point) Non Refundable Tax Credit includes : Question 16 options: Amount for an eligible dependent Spouse or common-law partner amount Age amount All of the above Question 17 (1 point) ´Unlike the non-refundable credits, refundable credits can result in a negative amount which means CRA will give you this amount as a refund. Question 17 options: True False Question 18 (1 point) Part B of the T1 tax return lists the non-refundable federal income tax credits . Question 18 options: True False Question 19 (1 point) Every year, Canada incrementally changes the federal income tax brackets to account for inflation. Question 19 options: True False Question 20 (1 point) In progressive (or graduated) tax system, low-income earners are taxed at a lower percentage than high-income earners. Question 20 options: True False
Step by Step Solution
There are 3 Steps involved in it
Step: 1
All of your answers are correct Heres a breakdown Question 16 All ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started