knowledge topics
Requirement to File - Individuals
KNOWLEDGE EXPECTED OF: Both CFP® Professionals and QAFPTM Professionals
- Identify when an individual must file an income tax return for a given year.1
- Identify when an individual may wish to file an income tax return for a given year.1
- Identify that an individual required to file a tax return will do so using a T1 General Income Tax and Benefit Return.
- Identify the deadline by when an individual is required to file a T1 General Income Tax and Benefit Return.
- For an individual taxpayer and their spouse where neither are self-employed2
- For a self-employed taxpayer and their spouse2
- For a deceased taxpayer2
Glossary of Verbs (mouse over to see definition)
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Define
To state exactly the meaning of
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Identify
To be aware of / to recognize and correctly name / to locate an appropriate resource
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Explain
To make clear the meaning of / to describe something in more detail or reveal relevant facts or ideas related to it
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Compare
To note the similarities and differences between two or more things
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Estimate
To determine an approximate value for
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Calculate
To find the value using mathematics
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Convert
To change from one form or purpose to another
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Evaluate
To reach a conclusion or make a judgement through careful study
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Interpret
To give the meaning of / to construe or understand / to translate orally
