Canada's tax system

Author: External Author | | Categories: Accountant , Bookkeeping , Business Consulting , CPA , Financial Statements , GST , Payroll , Tax Returns , Taxes

Canada's tax system is based on the self-assessment principle which means that you have to complete a tax return each year to report your income and calculate whether you owe tax or receive a refund.The self-assessment tax system is considered the most economical and efficient way to collect income tax.

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