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QUIZ: Are you ready to file your taxes?

The income tax deadline is approaching. How much do you know about taxation?
Calculating tax bills can be a complicated process. Do you know why income tax was introduced to Canada? (Image from Pixabay)

Canadians are preparing for the income tax filing deadline on May 1.

Income tax is not the only tax paid by Canadians. There are also sales taxes, excise taxes, property taxes and more.

This is also the time of year when municipal governments must set their tax rates for the year, which affects property taxes.

While few if any enjoy paying taxes, the various levels of government in Canada collect taxes in order to provide services.

How much do you know about taxes in Canada. Put your knowledge to the test with these 10 questions.

Good luck.

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In Canada, taxes affect many purchases, including fuel for motor vehicles. (Black Press file photo)
The 2023 income tax filing deadline is May 1. (Black Press file photo)

John Arendt

About the Author: John Arendt

John Arendt has worked as a journalist for more than 30 years. He has a Bachelor of Applied Arts in Journalism degree from Ryerson Polytechnical Institute.
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