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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