True/False
Non-refundable tax credit means that the portion of the credit that is not needed to reduce your tax liability will not be paid to you this year but will be paid to you next year.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q16: Tax credits amount to the same savings
Q48: Tax evasion is a good tax planning
Q49: GST credit for low-income families and the
Q50: If your tax calculated is zero, refundable
Q52: Which item below will not reduce taxes?<br>A)Medical
Q54: Purchasing which of the following items on
Q55: The average tax rate is<br>A)the amount of
Q56: All employees can deduct interest or carrying
Q57: Comment on your level of knowledge to
Q78: Knowledge of individual income taxes is crucial