1. What does self assessment mean?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ma1.

Transcribed Image Text:1. What does self assessment mean?
2. What is the progressive tax system?
3. Who should file?
4. What is the due date for tax returns employees
and self employed taxpayers? When is tax payable
due?
5. What is the difference between total, net & taxable
income?
6. What records and receipts must be kept?
7. When is the taxation year?
8. What is the determining factor of establishing
what income is subject to taxation in Canada?
9. Why is Elections Canada question on TI?
10. Why is the Foreign Tax question on the TI?
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