Module 1 - Quiz
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Module 1 - Quiz
Determine whether the following statements are True or False.
1. If you work in Canada and are 18 years of age or older, you have to make contributions to the Canada Pension Plan or Quebec Pension Plan.
True. Almost all individuals over the age of 18 who work in Canada, must pay into the Canada Pension Plan. If you are employed in Quebec, you pay into the Quebec Pension Plan instead.
2. If your employer deducts income tax from your pay, you won't owe any tax when you complete your tax return.
False. If your income or personal situation change during the year, the amount of tax you have to pay could change too. If too little tax was deducted from your pay, you may have a balance owing. If too much tax was deducted, you may get a refund.
3. The goods and services tax/harmonized sales tax is applied to most goods and services sold in Canada.
True. Some provinces also apply provincial sales tax to the purchases you make.
4. The money collected by the federal, provincial, territorial, and municipal governments is spent on many things, including:
- ambulances
- teachers
- lifeguards
- garbage trucks
- navy ships
- bridge safety inspections
- old age security payments
True. The government collects taxes to pay for the facilities, services, and programs it provides.
5. Taxes are a new concept and have only been collected since 1950.
False. Taxes have existed in various forms in different societies throughout civilization.
Excellent! You are ready to begin Module 2.
- Date modified:
- 2019-01-31