General Quiz 06-26

In Canada, what is a personal income tax return called?

• T4 Return

• T1 Return

• T2 Return

• T2202 Return

A T4 slip is also known as a...

• Statement of Income Paid

• Statement of Money Made

• Statement of Remuneration Paid

• Statement of Remuneration Earned

A Tuition and Enrollment Certificate is also known as a T____ slip

Which of the following countries charges 0% income tax? (there's more than one)

• Monaco

• United Arab Emirates

• Switzerland

• Bermuda

In Canada, the highest marginal income tax rate is...
(Highest rate on the tax schedule)

• 40%

• 31%

• 33%

• 29%

True or False - Individuals can open a RPP savings account

• True

• False

Which of these vehicles can NOT be written off as a section 179 tax deduction?

*Section 179 only applies in the US

• Dodge

  Grand Caravan

• Toyota

  Highlander

• Mercedes Benz

  G Wagon

• Ford
  F150

True or False - Whenever a sponsor gives us cash they can write off the amount as a donation on their tax return

• True

• False