Quiz

Brand Publisher

Advertiser

Filing taxes isn't fun, but this quiz sure is.

Test Your Tax Knowledge And We’ll Tell You How Badly You Need A Tax Expert This Year

Usually it's April 30th, but that lands on the weekend— so you have a few extra days to file this year. May 2nd is the [last day to file](https://www.hrblock.ca/blog/three-ways-to-start-preparing-for-the-upcoming-tax-season/) before you get hit with penalties from the CRA. If you’re self-employed, you have a bit of extra time: You don’t have to file until June 15th.

Mark your calendars for May 2nd.

A common tax mistake is not accounting for all the cash you earned. And yup, that [includes your tips.](https://www.hrblock.ca/blog/can-i-claim-this-top-tax-myths-debunked/) If you’re working in hospitality or get tips through a side gig, record what you earn and report it on your return. Unclaimed income can result in penalties and we don’t want that.

Tips are taxable!

However, if you have a specially trained service animal or you’re a farmer raising livestock for business, you may be able to claim their cost. [Learn more here.](https://www.hrblock.ca/blog/can-i-claim-this-top-tax-myths-debunked/)

Sadly, you can't claim your fur babies as your dependents.

Can your dog be considered one of your dependents?

...even if your parents still support you. However, there are a few exceptions you can [check out here.](https://www.hrblock.ca/blog/my-child-is-growing-up.-are-they-still-my-dependant/)

Once you turn 18, you’re no longer considered a dependent...

At what age do your parents have to stop claiming you as a dependent?

A [Registered Retirement Savings Plan](https://www.hrblock.ca/blog/how-it-works-rrsps-the-first-60-days-and-more/) is a great way to save money for retirement and reduce taxes. They aren’t tax-free, but they are tax-deferred, meaning you don’t owe taxes on it until you withdraw it.

Registered Retirement Savings Plan

If you’ve [lived together for a year](https://www.hrblock.ca/blog/married-common-law-find-out-what-happens-to-your-taxes), you’re considered common-law. You can also be considered common law if you have a child but have lived together for less than 12 months. Claiming your relationship properly on your taxes is important because it affects which benefits and credits you’re eligible for!

Happy 1-Year Anniversary!

You’re considered common-law for tax purposes after living with your partner for...

If you pay for online access to a newspaper, the [digital news subscription tax credit](https://www.hrblock.ca/blog/new-tax-credits-for-2020-and-2021-do-you-qualify/#digital_news) lets you claim what you pay for your subscription between 2020 and 2024.

Get reading!

If you’ve invested in cryptocurrency, digital currencies are considered commodities (like oil and gold) by the CRA, [so you’ll need to report your income or losses on your return.](https://www.hrblock.ca/blog/the-tax-implications-of-bitcoin-and-other-cryptocurrency) Crypto itself isn't taxable, but there can be tax implications for selling or trading it.

Say _what?_

Which of these do you need to report as income:

You’ll have a capital gain when you make a [profit off of selling investments](https://www.hrblock.ca/blog/6-things-to-know-about-capital-gains) like shares, bonds, debts, land, or buildings.

It's all about the gains.

If you’re not reporting much income this year (or even none at all), you should still file a return. [Filing your return](https://www.hrblock.ca/blog/can-i-claim-this-top-tax-myths-debunked) means getting access to great federal and provincial benefits.

Myth debunked.

If you earned less than $10,000, you don’t have to file a return.

A T2SCH88 is the "Internet Business Activities" form. We just mashed our keyboard for T1B96. You can check out a [full list here](https://www.canada.ca/en/revenue-agency/services/forms-publications/forms.html).

That was a hard one.

Which one of these is _not_ a Canadian tax form:  
T2SCH88, T1B96

Yup! If you’ve received a lipstick to test, you should indicate its selling price on your income tax return…even if you got the swag for free.

Influencers, listen up:

If you’re an influencer, you have to include the free products you got on your taxes:  


Listen, you’re incredibly good at MANY things. But filing taxes is not one of them. And that’s okay. That’s what Tax Experts are for! [Book an H&R Block appointment online, over the phone, or simply walk into an office near you.](https://www.hrblock.ca/file-your-taxes/file-in-office/) You can also hit up a [remote Tax Expert](https://www.hrblock.ca/file-your-taxes/remote-tax-expert/) who will get the job done…so you can spend time doing all the things you’re actually amazing at.

See an expert _immediately_.

Not bad. You know where to find your T4 and are mostly organized when it comes to your paperwork. But when it comes to actually filing your taxes…you may want to hand that off to an expert. [Drop in and drop off all your docs](https://www.hrblock.ca/file-your-taxes/file-in-office/easy-drop-off/) at your local H&R Block, and they’ll take care of the rest. No shame in your tax game!

You could use a little help!

Colour us impressed! Deductions, credits, and forms don’t scare you. You definitely know your stuff and you’ve been around the tax block once or twice. That’s why this year, we recommend filing your taxes online with [H&R Block’s free tax filing software.](https://www.hrblock.ca/file-your-taxes/online-tax-software/)

You got this!

All images by Getty Images unless otherwise stated.

About BuzzFeed Community

Community Brand Guidelines

BuzzFeed Community

Sorry, this content is no longer supported.

BuzzFeed Community Guidelines

BuzzFeed Community Leaderboard

BuzzFeed News has breaking stories and original reporting on politics, world news, social media, viral trends, health, science, technology, entertainment, and LGBTQ issues.

All the best animals on the internet. The snuggle is real.

BuzzFeed has breaking news, vital journalism, quizzes, videos, celeb news, Tasty food videos, recipes, DIY hacks, and all the trending buzz you’ll want to share with your friends. Copyright BuzzFeed, Inc. All rights reserved.

BuzzFeed News | Breaking News | Original Reporting | News Analysis

Animal Pictures and Videos - Adorably from BuzzFeed

Name

Thanks for subscribing!

Stay up to date with our latest BuzzFeed video. Enter your email to subscribe!

Oops! Upload an image or add text to submit.

BuzzFeed has the hottest, most social content on the web. We feature breaking buzz and the kinds of things you'd want to pass along to your friends.

Browse links

Test Your Tax Knowledge And We’ll Tell You How Badly You Need A Tax Expert This Year

Whether you're dropping in, dropping off, or meeting with a Tax Expert remotely, check out all the ways H&R Block can help you easily file your taxes.

Test Your Tax Knowledge And We’ll Tell You How Badly You Need A Tax Expert This Year

Whether you're dropping in, dropping off, or meeting with a Tax Expert remotely, check out all the ways H&R Block can help you easily file your taxes.

Share This Article