[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-254038-105":3,"detail-sidebar-cat-1-en-105":80,"doc-detail-254038-en":126},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":73,"head_meta":75,"extra_data":77,"updated_unix":79},105,"en","money-management-the-basics","Money Management - The Basics","","This document provides an overview of essential personal finance topics for individuals in Canada. It covers income taxes, including who needs to pay and the filing process, with a mention of the tax year and filing deadline. The Canadian Revenue Agency (CRA) is identified as the federal body responsible for administering tax law and delivering social programs through the tax system. Credit management is also discussed, defining credit as a measure of creditworthiness and explaining the FICO score range and its interpretation. Key factors affecting the credit score are detailed, such as payment history, debt utilization ratio, and length of credit history, highlighting how responsible credit usage earns points and mismanagement loses them. The document aims to educate individuals on managing their finances effectively within the Canadian context.",{"@graph":14,"@context":72},[15,34,55],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/general/","General",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/money-management-the-basics/254038/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/money-management-the-basics/254038.png","ImageObject",442,249,{"name":42,"@type":43},"Quinn","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-09-20","2026-09-13",true,{"@type":52,"interactionType":53,"userInteractionCount":30},"InteractionCounter",{"@type":54},"ViewAction",{"@type":56,"mainEntity":57},"FAQPage",[58,64,68],{"name":59,"@type":60,"acceptedAnswer":61},"Who is responsible for administering tax law in Canada?","Question",{"text":62,"@type":63},"The Canadian Revenue Agency (CRA) is a federal body responsible for administering tax law for the Government of Canada.","Answer",{"name":65,"@type":60,"acceptedAnswer":66},"What is the tax year in Canada?",{"text":67,"@type":63},"The tax year in Canada runs from January 1 to December 31 each year.",{"name":69,"@type":60,"acceptedAnswer":70},"What is a FICO credit score and what does it range from?",{"text":71,"@type":63},"A FICO credit score is a numerical summary of credit information used by lenders to assess creditworthiness. It ranges from 300 to 850, with higher scores indicating better credit.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},254038,1789273456,{"code":4,"msg":81,"data":82},"success",[83,88,93,98,103,108,113,118,123],{"id":84,"doc_module":22,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},11,"Presentations",90,"presentations",{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},12,"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":110,"show_sort_weight":111,"slug":112},17,"Forms",40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":115,"show_sort_weight":116,"slug":117},18,"Letters",30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},21,"Paper Templates",5,"papers-templates",{"id":124,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":4,"slug":125},158,"general-158",{"code":4,"msg":81,"data":127},{"doc_id":78,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":124,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":30,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":135,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":79,"read_time":99},962075114765,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","Financial Management  \nTrent International  \nToday's Session  \n• Finances in Canada  \n• Income Taxes  \n• Credit  \n• Budgeting  \n• The Canadian Revenue Agency (CRA) collects to for the  \nexpenses  \nredistributes much of these taxes to income  \nchild benefits,  \nDo I Have to Pay Income  \nResidents living in Canada for 6 months to report are required  \nand have income income earned for  \nto income tax:  \n• income from employment,  \n• scholarships,  \n• bursaries,  \nFiling Income Taxes  \n• Tax year is January 1 to December 31 each year.  \nThe deadline for filing taxes is always April 30 following the tax year  \n(tuition tax slip) and TA4A (scholarship tax slip) .  \nTrent International  \ncredit  \nof creditworthiness .e numerical summary of  \ninformation in your credit report)  \n• It is used by lenders to ascertain whether to lend a borrower money or  \nscore before renting or opening an account for you. The higher the credit score, the better.  \ncredit length, credit diversity, and new credit accounts/ inquiries  \nInterpreting your FICO credit score  \nIt ranges from 300-850  \n• Excellent: 800 to 850  \n• Very Good: 740 to 799  \n• Good: 670 to 739  \n• Fair: 580 to 669  \n• Poor: 300 to 579  \na. Gain points if you use your credit responsibly.  \nb. Lose points if you have trouble managing your credit.  \nc. Your credit score will change over time as your credit report is updated.  \nMain factors that affect your credit score  \n• Payment History (35%) - It looks at how well you handle your credit obligations & transactions.  \n• Debt/ Total amount owed (30%)  \n-makes use of Credit Utilization Ratio.(This compares how much money you are using to how much you can actually use, given your credit limits. The higher the ratio, the lower the credit score) .  \n• Length of credit history (15%) -","cbCaikUJhbPHxeKX","https://ap.wps.com/l/cbCaikUJhbPHxeKX","pdf",1296173,42,"English","# Financial Management  \n## Finances in Canada  \n## Income Taxes  \n### Filing Income Taxes  \n## Credit  \n### Interpreting your FICO credit score  \n## Budgeting  \n## The Canadian Revenue Agency (CRA)","[{\"question\":\"Who is responsible for administering tax law in Canada?\",\"answer\":\"The Canadian Revenue Agency (CRA) is a federal body responsible for administering tax law for the Government of Canada.\"},{\"question\":\"What is the tax year in Canada?\",\"answer\":\"The tax year in Canada runs from January 1 to December 31 each year.\"},{\"question\":\"What is a FICO credit score and what does it range from?\",\"answer\":\"A FICO credit score is a numerical summary of credit information used by lenders to assess creditworthiness. It ranges from 300 to 850, with higher scores indicating better credit.\"}]","Money Management - The Basics | PDF"]