File Taxes Quiz

Question 1 of 10

1. Question

How is tax revenue spent in Canada?

Taxes are used to pay incentives to CRA workers for the number of tax files they have collected.
Taxes are used to pay for the facilities, such as libraries, parks and playgrounds.
Taxes are used to redistribute wealth and support people with lower income through Employment Insurance, Old Age Security, Universal Child Care Benefit, etc.

Question 2 of 10

2. Question

What are common types of taxes in Canada?

Income tax
Sales tax
Property tax

Question 3 of 10

3. Question

Who do we pay sales tax to?

Provincial government
Federal government
Both provincial and federal government

Question 4 of 10

4. Question

What is taxable income?

It is total amount of income that taxpayers earn.
It is income taxpayers receive from social programs such as Employment Insurance and Canadian Pension Plan.
It is amount of income after deductible expenses have been subtracted.

Question 5 of 10

5. Question

Who needs to file a tax return in Canada?

Only those who earned income in the past tax year.
Anyone who has a residential tie to Canada for tax and benefits purposes.
People who have applied for permanent resident status from Citizenship and Immigration Canada.

Question 6 of 10

6. Question

When is the deadline for filing a tax return?

Midnight April 30 of the year following the tax year
December 31 of the tax year
Midnight January 1 for the previous tax year

Question 7 of 10

7. Question

How can a tax return be filed?

By applying online
By applying on paper
By hiring an accountant to file taxes

Question 8 of 10

8. Question

What is tax deduction?

It is expenses deducted from total income.
It is expenses paid to accountant to file your taxes.
It is expenses that CRA spends on processing tax returns.

Question 9 of 10

9. Question

What is tax credit?

It is a deduction from tax owing.
It is a credit that CRA gives to those people who have filed their taxes before April 30.
It is a credit given to low-income families.

Question 10 of 10

10. Question

Up to what age are children eligible for Fitness Tax Credit?

They must be under 6 at the beginning of the tax year.
They must be under 18 at the beginning of the tax year.
They must be under 16 at the beginning of the tax year.

File Taxes Quiz

File Taxes Quiz

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