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WorksheetsCanadian Taxes
Total questions: 20
Worksheet time: 10mins
What does HST stand for?
Harmony Service Tax
Harmonized Sales Tax
Harmonious Security Tax
Hippo Sales Tax
Which Canadian Province does not have a Provisional tax?
Quebec
Newfoundland
Nunavut
Alberta
GST stand for?
Great Sales Tax
Goods and Services Tax
Government Safety Tax
Gatorade Sales Tax
Which level of Government requires GST?
Municiple
Provincial
National
Federal
CPP stands for?
Canadian Pension Plan
Canadian Public People
Canadian Provincial Plan
Canadian Patrol Plan
The tax slip that is required when filing one's yearly taxes requiring earnings is called a?
T30
T20
T4
T5
Can Canadians who are self-employed received Employment Insurance?
Yes, as long as they are a resident.
No, individuals who work for registered agencies can only receive EI.
Yes, only if they are registered with the Government and paying EI.
No.
Parents who recently have had a child may apply for...
Caregiver Leave
Sickness Leave
Compassionate Care Leave
Maternity Leave
What percentage of your wages will EI compensate one for while on Maturity leave?
55%
33%
75%
65%
How many forms of CPP are available?
1
2
3
4
How old must one be to claim CPP?
50
55
60
65
Can an individual still work when receiving CPP?
Yes
No
Who contributes to CPP?
Employee only
Employee and Employer
Employer only
Registered working employees
The monthly amount of an individuals' CPP payments after retirement is based on...
How long one as worked and the amount contributed
How long one has worked
A percentage set by the Federal Government
How much Income Tax was paid
If a retired individual needed additional financial support besides their CPP. They can apply for...
OAS - Old Age Security
GIS - Guaranteed Income Supplement
GIC - Government Income Coverage
OPM - Old People Money
What year did Canada create the CPP?
1965
1930
1945
1960
Why was the CPP created?
There were too many war veterans without work.
Canadians demand that their taxes be put to good use.
Canadians were struggling financially during their retirement years.
The Federal Government had a surplus of tax revenue and decided to contribute back to Canadians.
What Canadian province opted out of the CPP?
Prince Edward Island
Yukon
Manitoba
Quebec
Prior to the Income Tax Act, the Government created the...
Confederation Tax Act
Income War Tax Act
British Tax Act
Colonial Tax Act
The percentage of Income Tax is determined by an individual's earnings.
True
False
