8.1 Tax basics  

In this section:

• 8.1.1 Tax facts quiz
• 8.1.2 Taxation rights and responsibilities
• 8.1.3 What taxes and contributions you pay
• 8.1.4 Summary of key messages

Introduction

This section looks at some basic facts about taxes, and how they affect your finances. You will explore:

• how much income taxes amount to, and what they pay for
• the most common taxes that people pay
• your rights and responsibilities as a taxpayer.

You'll answer a mini-quiz about tax facts and use a checklist to identify some common taxes. You'll review your rights and responsibilities as a taxpayer. By the time you finish this section, you'll be able to describe Canada's income tax systems and your role in it.