Preview of the Tool

Newfoundland & Labrador edition

 

What Is Income Tax?

  • Income tax is money that you pay to the government from your earnings. Your employer deducts income tax from your pay and gives it to the government.
  • If you are self-employed, you must reserve a portion of your earnings to pay to the government at the end of the fiscal year
  • The rate of tax you pay depends on how much money you make. The less income you make, the less income tax you pay the government.

NL - Income Tax Tool

C$39.80Price

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Contact

National Initiative for the Care of the Elderly (NICE)
246 Bloor Street West, Room 234
Toronto, Ontario M5S 1V4, Canada
nicenetadmin@utoronto.ca