Albert Einstein said that the hardest thing to understand is income taxes and in this video I hope to be making it a bit more simpler to understand for you Music Applause Music welcome to this channel my name is Jacques I'm the host of Patera accounting services and in this video I'll be explaining what makes an income tax and how you get to the amount that you actually have to fight over to the South African Revenue Service we are going to look at six parts in this video part one would be all the incomes that you have and we'll have a quick look at the definition of what is income what's the difference between income and gross income for two would be essentially your deductions what deductions are allowed for lot of people that consider this to be their expenses or three would then be to get to your taxable income and what four would be calculating the actual tax amount part five is your rebate and 46 is essentially then the amount of tax that you eventually at the end of the day I have two PI over two saws or in some cases that source have to refund you and we're hoping for that don't we all right but one income can be defined on using an online dictionary as money's received for work done over through investments in saws in the income tax Act it carries a slightly different meaning even though the term income is defined in section one of the Income Tax Act the way in which the act itself uses the term causes a bit of confusion as to what exactly they mean by income but one thing is certain that there is a specific definition with the list of...
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Tax brackets 2023 calculator Form: What You Should Know
Tax Brackets for 2023 and 2023 (PDF) — Canada Revenue Agency Calculate your 2023 Federal Income Taxes here on Canada Revenue Agency. 2018 Federal Tax Brackets — 2023 Tax Year (tax year 2017) — Canada Revenue Agency This list is updated monthly. Use the below link to see your 2023 federal and provincial tax brackets.
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