Taxes 1
"I am sorry to hear that." , "I would be upset as well if that happened to me." are examples of what kind of statements
What are empathy statements?
This slip is issued to tax payers who receive old age pension.
What is a T4OAS?
This slip is issued by employers to employees who earn income.
What is a T4?
This is what we promote at the end of every call with the customer.
What is the customer service survey?
This slip is issued to taxpayers if they have received Canada Pension Benefits
What is a T4AP?
This piece of information is needed in order to activate TurboTax Desktop
What is the License Code?
This type of income is found on the T4
What is employment income?
To be able to Auto fill their return a tax payer would need this
What is a My Account with CRA?
If you have moved to work, run a business or enroll in post secondary studies you can claim this nonrefundable credit on your tax return
What are moving expenses?
Customer information such as Name, Address, DOB or SIN is considered this kind of information.
What is PII?
if this T4A slip has an amount in either of these boxes CRA requires the tax payer to complete a T2125 or Statement of Business or Professional activities
What are boxes 20 or 48?
This schedule is used to calculate tuition credits for students in post secondary school
What is schedule 11?
This is sent by CRA to every taxpayer who files a tax return
What is a Notice of Assessment?
The cost to acquire property (eg stock or real estate) is called
What is Adjusted Cost Base?
This mode is necessary in order to see various worksheets and schedules and to be able to drill down and see calculations in TurboTax Desktop
What is forms mode?
This schedule is used to report Capital Gains and Losses
What is schedule 3?
Working parents can claim this type of expense for children under 16 for the purposes of earning a living or going to school
What are child care expenses?
This certificate is issued by an educational institution to a student enrolled in a qualifying educational program as a full-time student
What is a T2202 certificate?
This section on the T1 contains taxpayer information such as name and address
What is the identification section?
What is schedule 7?
This is a yearly deduction for depreciable property that taxpayers can claim on certain types of income such as Self employment
What is CCA?
These are used to calculate provincial tax credits and liability
What are provincial forms and schedules?
Steps 2 -5 on the T1 are used to calculate this
What is income?
This slip is issued for RRSP withdrawals
What is T4RRSP slip?
CRA categorizes depreciable assets and assigns them a rate of depreciation so that tax payers can use this as a deduction from certain types of income such as self employment
What are classes of depreciable property?