Session Objective
Learn how taxes work and about filing your tax return.
Learning Outcomes
- understand why there are taxes, how the Canadian tax system works, and what taxes are used for
- who should file a tax return and the many government assistance/benefits gained from filing a tax return
- the difference between a tax credit and a tax deduction
- learn how to file a tax return and what happens once filed.
- resources, such as free tax clinics, which are available to assist in filing a tax return
Session Outline
- overview of the Canadian Income Tax System
- why we pay taxes
- tax deductions vs. tax credits
- preparing & filing a tax return
- where to get help
- making plans for your refund/benefits
- resources
- Q & A
Photo credit: Getty Images
Session Level
Basic
Topics Covered
Tax
Financial Planning
Managing Finances
Personal Finances
Credit
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