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Social Insurance Number (SIN)
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A 9-digit identification number you need to work in Canada
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Terms in this set (16)
Social Insurance Number (SIN)
A 9-digit identification number you need to work in Canada
Tax
A mandatory payment made to a government used to support programs and services
Non-refundable tax credit
An amount you claim to lower the amount of taxes you might owe
Refundable tax credit
Credits that will be paid to you if you are eligible
Paystub
Shows the amount of money earned and the amount of money deducted
Pay period
Time period a paystub covers
Net pay
Pay earned after deductions
Gross pay
Pay earned before deductions
EI
Employment Insurance
CPP
Canada Pension Plan
T4
Provides a history of your employment earnings for the year
Tax return
Helps you to determine if you owe tax on your income
Tax bracket
The range of incomes taxed at given rates
NOA
Notice of Assessment
GST
Goods and Sales Tax
