1. Facts about tax in Canada

-The Canada Revenue Agency  stoped to mailing out paper tax forms for people to fill now that over twenty percent of Canadians are filing through the internet.

-The average tax refund this year is about $1,600

-Everyone can claim expenses. Artists can claim things like art supplies, to rental space, down to ballet shows. $1000 or 20% of net income is the most they can claim

- You have to keep your records for 6 years. The CRA doesn’t want your old receipts. Only for some audits

-Over 3,000 trees are being shredded off the ground just so people can prepare their tax forms

Bronnelys:

https://globalnews.ca/news/515419/8-interesting-tax-facts/

2. Federal tax rate 2017

-15% on the first $45916 of taxable income

-20.5% on the next $45915

-26% on the next $50522

-29% on the next $60447

-33% on taxable income over $202800

Bron:

https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html

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