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May 1, 2024
Question

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

  • May 1, 2024
  • 1 reply
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total income tax deducted, and total payable

    1 reply

    Community Manager
    May 1, 2024

    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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