Final income taxes may be assessed by

Question

Quizplus · Accepted Answer

Final income taxes can be assessed by both the federal and provincial governments in Canada. The federal government collects income tax on behalf of all provinces and territories, while the provincial governments also have their own income tax systems. This means that taxpayers may need to file income tax returns with both the federal and provincial governments and may be subject to different tax rates and rules depending on where they live. Foreign governments may also assess taxes on income earned outside Canada, but this is not relevant to the question of final income taxes in Canada.

Final Income Taxes May Be Assessed by