a. 2008 Federal Income Tax rates ranged from _________% to ________%. Provincial rates from ________% to ________%.
b.Employment insurance deductions are made from your cheques. What % of Canadians salaries went to this in 2008?
c.Define social benefits.
d.Define personal benefits
e.Give 3 examples of savings and other assets.
f.What is the minimum you must make before you pay income tax?
g.Describe a progressive tax system?
h.What is a T4 report?
i.What is a T5 report?
j.What are the advantages of a tax shelter?
k.What is the difference between a fixed and variable expense?
l.List 3 tips to keep your budget from going into a deficit situation
b.Employment insurance deductions are made from your cheques. What % of Canadians salaries went to this in 2008?
c.Define social benefits.
d.Define personal benefits
e.Give 3 examples of savings and other assets.
f.What is the minimum you must make before you pay income tax?
g.Describe a progressive tax system?
h.What is a T4 report?
i.What is a T5 report?
j.What are the advantages of a tax shelter?
k.What is the difference between a fixed and variable expense?
l.List 3 tips to keep your budget from going into a deficit situation