Tax Time!
Someone in this profession can help you prepare your tax return
What is an accountant?
This is all the money you make during the year
What is your income?
Your employer sends this tax form to you in February
What is a T4?
GST/HST
A car that you can hire to take you somewhere
What is a taxi?
The year your tax return is for in 2025
What is 2024?
What is a tax deduction?
This is money that you give to a non-profit organization that you can use as a tax credit
What is a charitable donation?
Basic personal amount
What is a credit?
Pins used to hang something on a wall or bulletin board
What are thumbtacks?
Your tax return is due on this day
What is April 30?
If you paid more tax than tax owed, you may get this
What is a refund?
People in the smallest one of these pay 15% tax to Canada and 8.79% tax to Nova Scotia
What is a tax bracket?
Moving expenses
What is a deduction?
Medical emergencies when blood flow to the heart is blocked
What are heart attacks?
The organization that you send your tax return to
Canada Revenue Agency (CRA)
This lowers your taxes payable and you may even get money back
What is a refundable tax credit?
If you invest in this you won't pay any taxes on the money it makes
What is a TFSA?
Medical expenses
What is a credit?
Tall chimneys at factories
What are smokestacks?
Some people file their taxes on a paper form, but most people do it this way
What is e-file?
This is your total income after deductions
What is taxable income?
Examples include a child, a spouse without a job, or an elderly parent living with you
What are dependents?
RRSP
What is a deduction?
A person that stuffs animals for display
What is a taxidermist?