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What does each line mean on the refund or Balance owing section of the CRA taxes assessment?
			
				
					
					
						total income tax deducted, and total payable
					
				
			
			
				
			
			
			
			
			
			
			
		
		
		
	
	
	
			
    
	
		
		
		April 30, 2024
	
		
		11:40 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
	
	
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Credits and deductions
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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		May 1, 2024
	
		
		5:59 AM