Session Objective
Understand the Canadian tax system and learn good tax practices.
Learning Outcomes
- understand why there are taxes, how the Canadian tax system works, and how Canadians’ taxes are used
- learn what taxes need to be paid, and how to pay them
- learn how to reduce taxes, and how to gain benefits today and in the future
- learn how to file a tax return and what happens once you’ve filed
Session Outline
- why we pay taxes
- overview of the Canadian tax system
- Canada Revenue Agency – what it is and what it does
- where our tax dollars go
- who pays taxes
- what is taxed – Canadian and foreign
- why file a tax return
- eligible benefits that are received
- available deductions and credits
- preparing and filing tax returns
- what happens after a tax return is filed
- enrolling in the CRA “My Account” for online filing and communications
- good tax practices
- seek good/professional advice
- understand tax avoidance vs. tax evasion
- resources
- Q&A
Learning Materials
- Document Organizer Worksheet
- Sample Paystub
- Sample T4
- Sample Notice of Assessment
- My Account – Your personalized CRA account cra-arc.gc.ca/myaccount
- CRA’s Fairness and Taxpayer Bill of Rights cra-arc.gc.ca/gncy/frnss/menu-eng.html

Photo credit: Getty Images
Session Level
Basic
Topics Covered
Tax
Financial Planning
Managing Finances
Personal Finances
Credit
Who Should Attend
New Canadians