Share Taxes & Money in Canada
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What is income?
Money you earn.
What is tax?
Money people pay to the government.
What is a pay stub?
A paper that shows your salary, deductions, and net pay.
What is a T4 slip?
A form that shows how much money you earned in one year.
What is the CRA?
The Canada Revenue Agency
True or False: Everyone in Canada must file taxes every year.
True
True or False: A T4 shows how much money you spend.
False
True or False: A pay stub shows deductions like tax and CPP.
True
True or False: You can get a tax refund if you paid too much tax.
True
True or False: You send your tax return to your employer.
False
Finish the Sentence: I receive a T4 from my ______.
employer
Finish the Sentence: Taxes pay for things like ______ and hospitals.
schools / hospitals / roads
Finish the Sentence: A refund means the government gives you ______.
money back
Finish the Sentence: A deduction means money is taken from your ______.
pay / salary
Finish the Sentence: We file taxes once a ______.
year
