Unless you won it from the Canadian government in the lottery, yes, it is considered income.
The wealthy do pay income tax, and since the wealthy have more income, they must pay more money in income tax.
You don't pay tax on the tax-free pay and you do pay tax on taxable income
all people pay income tax.
Could it be your income??
yes we have to pay tds and advace tax beside anual income tax
The main types of taxation that an individual in Canada has to pay are income tax on earnings, and sales tax on purchases. Additionally, tax is due on profit from property sales and on the importation of certain goods.
No Federal income tax due on inheritance.
Income tax returns are due by April 30th of each year.
You pay tax on taxable income and you don't on tax free income
On a standar IRA, Yes (you didn't pay tax on the $ contributed or as it grew). On a Roth IRA, (where you paid the tax on the income before contribution), No.
He had to pay his income tax. My dad has to pay income taxes.