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Taxes & Money in Canada

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  • What is income?
    Money you earn.
  • Finish the Sentence: I receive a T4 from my ______.
    employer
  • True or False: A T4 shows how much money you spend.
    False
  • Finish the Sentence: A refund means the government gives you ______.
    money back
  • What is the CRA?
    The Canada Revenue Agency
  • True or False: Everyone in Canada must file taxes every year.
    True
  • True or False: A pay stub shows deductions like tax and CPP.
    True
  • 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 tax?
    Money people pay to the government.
  • 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: Taxes pay for things like ______ and hospitals.
    schools / hospitals / roads
  • Finish the Sentence: A deduction means money is taken from your ______.
    pay / salary
  • Finish the Sentence: We file taxes once a ______.
    year
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