https://padlet.com/tayyibazmi15/az797bkpeg5v0si7 en-us 2023-04-04 00:37:18 UTC 2023-04-04 03:57:58 UTC hello@padlet.com tayyibazmi15 https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543082333 https://www.canada.ca/en/services/taxes/income-tax.html
The CRA website is the primary source for people finding out about taxes and how to file your income tax. It provides a nice wide range of information on multiple subjects such as how to file you taxes, what deductions and credit are available, and how to work your online tax account. You will able to file you taxes online and can be made aware of the possible scams and how to deal with a situation that would come upon you. ]]> 2023-04-04 02:54:20 UTC https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543082333 tayyibazmi15 https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543089965 https://turbotax.intuit.ca/tax/software
TurboTax is a tax preparation website that provide a variety of resources such as calculators, checklist, and articles that may be of use to you like self-employment taxes. You can also talk to a tax expert and get their help in the process of figuring out your taxes. You will also have a great tool in the 'maximize your refund' which will help you make sure you are getting the highest tax refund and make sure you didn't miss out on. ]]> 2023-04-04 03:00:48 UTC https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543089965 tayyibazmi15 https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543099914 https://www.hrblock.ca/file-your-taxes/online-tax-software/?gclid=EAIaIQobChMIkaD5oZ6P_gIVqjizAB0L2Qy2EAAYASAAEgKEzPD_BwE&gclsrc=aw.ds
H&R Block is another tax preparation app that provides a wide variety of resources and tips on income taxes. You can find tips, tools and articles all about helping you file your income tax and how to get the most out of your taxes. They also offer a 'tax pro review' service that allows you to receive a tax professional review your tax return for accuracy and making sure your taxes are in tact and complete. ]]> 2023-04-04 03:09:32 UTC https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543099914 tayyibazmi15 https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543106477 https://www.investopedia.com/
Investopedia is a financial education website that will give you a variety of resources on income taxes. The website offers you multiple articles and tutorials about tax deduction, tax credit, and planning for your taxes. You can also estimate your tax liability and see the different factors that will impact your tax bill. ]]> 2023-04-04 03:15:00 UTC https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543106477 tayyibazmi15 https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543110567 Tax season is right around the corner and there are many college students that have no idea how to file their taxes let alone know what to look at when beginning the process of dealing with your taxes. This presentation will hopefully help you get a larger understanding of how to tax and what to look for to get the most out of tax season. ]]> 2023-04-04 03:18:24 UTC https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543110567 tayyibazmi15 https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543119050 https://www.youtube.com/watch?v=_FPNGW7m9zs
This video is a great comprehensive guide to income tax calculations and income tax returns. The speaker talks about the basics of income tax, tax deductions and exemptions. He also walks through the process of filing income taxes returns that include deadlines and forms that must be filled out. This video is a great help for anyone looking to understand income taxes and filing income tax returns generally. ]]> 2023-04-04 03:25:45 UTC https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543119050 tayyibazmi15 https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543129708 https://www.youtube.com/watch?v=Cox8rLXYAGQ
This video speaks on a comprehensive guide that people who are on salary income need when it comes to tax planning. You can start investing in tax-saving mutual funds, buying life insurance, and putting some money into pension. There are benefits and drawbacks when it comes to the options listed but this video provides an understanding to take advantage of deductions and exemptions. The speaker talks about understanding tax laws and findings ways to save income tax from effective planning. ]]> 2023-04-04 03:35:06 UTC https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543129708 tayyibazmi15 https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543134478 https://www.youtube.com/watch?v=G62jLsuE0ns
The speaker in this video provides a great understanding of income taxes and helps us understand how to file our taxes. He lets us know of possible exemptions from taxes and that there can be deductions made from home loans and medical expenses. He said to make sure your records are accurate and understand that tax deadlines are strict. He gives us information on internet filing by using the benefits of taxing software. ]]> 2023-04-04 03:39:51 UTC https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543134478 tayyibazmi15 https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543138609 https://www.youtube.com/watch?v=Zjfy_G1l5ok
This video illustrates the multiple tax changes that have occurred this year such as TFSA limit, RRSP limit and many more. He is letting us know of all the important changes The changes brought to the first home saving accounts and the new tax brackets which are important depending on how much money you are gonna make. ]]> 2023-04-04 03:44:28 UTC https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543138609 tayyibazmi15 https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543142108 This picture is a nice simple chart that illustrates the different tax brackets that people in Ontario are affected by. This was for the year 2020 so it may have changes slightly but it is generally the same and will help you gain a better understanding on how much you need to tax.

]]> 2023-04-04 03:47:51 UTC https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543142108 tayyibazmi15 https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543145752 This picture is showing the federal tax revenue and social security contributions in the years 2019 and 2020. It is in the billions of dollars and gives you an idea of how taxes work and where the taxes are coming from and what you are paying.

]]> 2023-04-04 03:51:33 UTC https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543145752 tayyibazmi15 https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543151325 1. What did you learn about the topic the most and what surprised you?

I was surprised with the tax rackets and how much taxes you're actually paying when you start to get more money and are keeping way less than I originally thought but I understand why we have to pay taxes. 

2. Provide a real life example to how this information is relevant?
This is helps a lot when people don't know how to file their taxes which is a majority of people in college as they are young and do not understand the process that goes into it. 

3. If you could pass on knowledge to a friend or family member, what is the most important thing to pass on? 
I think that the information of how to file taxes is extremely important since most of my friends are young and not too sure on how to file them. It really help me doing this assignment and that's the most important thing I am taking from this project. ]]> 2023-04-04 03:57:58 UTC https://padlet.com/tayyibazmi15/az797bkpeg5v0si7/wish/2543151325