Module 2 - Quiz

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Module 2 - Quiz

Determine whether the following statements are True or False.

1. If tax was not deducted from your pay, it means the earnings are not taxable.

Answer

False. Include all of your earnings on your tax return for the year. If the payer did not deduct tax from your earnings, you could have a balance owing.

2. The Canada Revenue Agency is responsible for making all of the tax laws in Canada.

Answer

False. The Canada Revenue Agency administers the tax laws proposed by the Department of Finance and passed by Parliament.

3. If you complete a tax return, you may get the GST/HST credit.

Answer
True. If you will be 19 years of age or older before April 2020, you may be eligible for GST/HST credit payments, issued in July, October, January and April.

4. The quickest way to get your refund is to mail your tax return to the Canada Revenue Agency.

Answer

False. Paper returns usually take four to six weeks to process. If you complete your return online you could get your refund in as little as eight business days.

5. After sending your return, you realize you forgot to claim your charitable donations. You should send another return right away.

Answer

False. Do not complete another return. Wait until you receive your notice of assessment and then request a change to your return.

6. You can check online to see if your tax return has been processed.

Answer

True. You can check the status of your return online using My Account or the MyCRA mobile app.

Excellent! You are now ready to begin Module 3.

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Date modified:
2019-01-31