Income Tax

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Across
  1. 4. The total amount of money you earned from work or other sources before any deductions
  2. 7. A set amount of income that you can earn without paying any income tax
  3. 8. income When you earn an income from a job, buisiness or other sources it becomes taxable
  4. 9. A special savings account in Canada that helps people save for their retirement
  5. 10. The government using income tax to manage economic growth, invest in job creation, and provide social safety nets during economic downturns
Down
  1. 1. The tax system in Canada where higher incomes get taxed at a higher rate
  2. 2. Taxes fund things that benefit everyone but cannot be charged for individually, like national defense, clean air, and public parks
  3. 3. Income tax that helps pay for essential services like healthcare, education, infrastructure, public safety, and social services
  4. 5. income The amount of income that is subect to income tax that deduction like basic personal amount are subtracted
  5. 6. The amount of money you owe to the federal government based on your taxable income and federal tax rates