Question: Question 16 (1 point) Non Refundable Tax Credit includes : Question 16 options: Amount for an eligible dependent Spouse or common-law partner amount Age amount

Question 16 (1 point) Non Refundable Tax Credit includes : Question 16 options: Amount for an eligible dependent Spouse or common-law partner amount Age amount All of the above Question 17 (1 point) ´Unlike the non-refundable credits, refundable credits can result in a negative amount which means CRA will give you this amount as a refund. Question 17 options: True False Question 18 (1 point) Part B of the T1 tax return lists the non-refundable federal income tax credits . Question 18 options: True False Question 19 (1 point) Every year, Canada incrementally changes the federal income tax brackets to account for inflation. Question 19 options: True False Question 20 (1 point) In progressive (or graduated) tax system, low-income earners are taxed at a lower percentage than high-income earners. Question 20 options: True False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

All of your answers are correct Heres a breakdown Question 16 All ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!