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New Member
posted Apr 30, 2024 11:40:06 PM

What does each line mean on the refund or Balance owing section of the CRA taxes assessment?

total income tax deducted, and total payable

0 1 3689
1 Replies
Moderator
May 1, 2024 5:59:04 AM

Income tax deducted are amounts you subtract from your total income, making your taxable income lower

Your total payable is the amount of federal and provincial or territorial taxes that you owe before you subtract your total credits

 

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