What Is Income Tax?: Difference between revisions
Jump to navigation
Jump to search
no edit summary
Drew Jackson (talk | contribs) No edit summary |
Drew Jackson (talk | contribs) No edit summary |
||
Line 2: | Line 2: | ||
For most people, the biggest tax you pay is income tax. This is the tax you pay on the money you make from working. | For most people, the biggest tax you pay is income tax. This is the tax you pay on the money you make from working. | ||
The Canada Revenue Agency (''CRA'') is the federal government office in charge of all income tax. The CRA collects taxes for the federal government and for the provincial government. | |||
Each year you must tell | Each year you must tell CRA how much money you made. You report your income on a tax form called an income tax return. | ||
==Income tax on your pay at work== | ==Income tax on your pay at work== |