TAX REBATES IN CANADA | OFW IN CANADA| TFW IN CANADA

TAX REBATES IN CANADA | OFW IN CANADA| TFW IN CANADA

#taxfiling#taxrebate#

How tax refunds work for employees
Employers collect tax on behalf of the government from your paycheck, before it even gets to your bank account. Employed individuals file an income tax return detailing their income, deductions, and credits before April 30 of the following year to figure out the actual tax they owed. If they paid more than they owe, then the government refunds the money. If they underpaid (likely because they have investment or other sources of income on which they haven’t yet paid any tax) then they must pay what they owe by April 30.
The Canada Carbon Rebate is a quarterly tax-free payment meant to help eligible individuals and families offset the cost of the federal consumer carbon price, returning 90 per cent of the revenue collected by Ottawa from the federal carbon price levied to households.

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