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Difference between revisions of "What Is Income Tax?"
From Clicklaw Wikibooks
→Income tax on other money you make
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Many people make money in other ways. Some have a business. Some get money from renting a house or apartment. Some get money from investments. | Many people make money in other ways. Some have a business. Some get money from renting a house or apartment. Some get money from investments. | ||
If you get money in these ways, you have to report it the Canada Revenue Agency. They may ask you to pay taxes on this income once every three months.You must report your income from inside and outside of Canada. If you made some money in another country, you have to include it on your income tax return. You may have to pay a large fine if you do not do this. | If you get money in these ways, you have to report it the Canada Revenue Agency. They may ask you to pay taxes on this income once every three months. | ||
You must report your income from inside and outside of Canada. If you made some money in another country, you have to include it on your income tax return. You may have to pay a large fine if you do not do this. | |||
[[File:Paying Taxes Keyboard Image.jpg | right | frame | link=| <span style="font-size:60%;">Copyright www.shutterstock.com</span>]] | [[File:Paying Taxes Keyboard Image.jpg | right | frame | link=| <span style="font-size:60%;">Copyright www.shutterstock.com</span>]] | ||
