UNDERSTANDING TAXES Learning About Taxes Module 1 Tax

UNDERSTANDING TAXES

Learning About Taxes Module 1 -- Tax Basics Module 2 -- Income Tax and You Module 3 -- Your Rights and Responsibilities Module 4 -- Doing Your Taxes

Module 1 – Tax Basics Introduction Statement of Earnings Deductions from your pay How tax revenue is spent Sales taxes History of taxes What you learned Quiz https: //www. canada. ca/en/revenue-agency/services/tax/individuals/educationalprograms/learning-about-taxes/learning-material/module-1 -understanding-taxes. html

Module 2 – Income Tax and You Introduction Canada’s Tax System Do you have to complete a tax return Wasys you can complete your return After you send your return How to get your tax information What you learned Quiz https: //www. canada. ca/en/revenue-agency/services/tax/individuals/educationalprograms/learning-about-taxes/learning-material/module-2 -income-tax-you. html

Module 3 – Your Rights and Responsibilities Introduction Your responsibilities The Canada Revenue Agency’s responsibilities Your rights What you learned Quiz https: //www. canada. ca/en/revenueagency/services/tax/individuals/educational-programs/learning-abouttaxes/learning-material/module-3 -your-rights-responsibilities. html

Module 4 – Doing your Taxes Introduction What is a T 4 slip Getting started Doing your return online What to include with your return Where to get help with your return What you learned

Useful Links: Amounts that are not taxed Child and family benefits Completing a tax return Direct deposit E-services for individuals Forms and publications Get ready to do your income tax and benefit return Interest and penalties Paying your income tax by installments https: //www. canada. ca/en/revenue-agency/services/tax/individuals/educationalprograms/learning-about-taxes/learning-material/useful-links. html

Useful Links: Registered Education Savings Plans (RESPs) Registered Retirement Savings Plan (RRSPs) Social Insurance Number Tax Avoidance The Tax-Free Savings Account When you owe money – collections at the CRA https: //www. canada. ca/en/revenueagency/services/tax/individuals/educational-programs/learning-abouttaxes/learning-material/useful-links. html