M6 MONEY Taxed: L1 TAX TRUTHS

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Last updated 2:35 AM on 7/6/26
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8 Terms

1
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What types of income are considered taxable?

d. All of the above

2
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Which of the following does NOT impact how you are taxed?

c. Your job description

3
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Which of the following is considered tax evasion?

d. All of the above

4
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Taxes are complicated and tax rules change often.

True

5
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All compensation you receive is taxable.

True

6
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Taxes are one of the largest areas of MONEY OUT.

True

7
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Tax evasion is legal and a recommended way to reduce your tax responsibility.

False

8
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You can call the CRA directly to discuss your tax matters.

True