1. All corporations incorporated in Canada are considered resident in Canada including those controlled by non-resident shareholders.

True or False

2.Canadian residents are taxed in Canada on their world income.

True or False

3. Which entity pays tax in Canada?

Multiple Choice

• Proprietorship

• Partnership

• Joint venture

• Corporation

4. The tax return filing deadline and the balance of tax due date for individuals, other than deceased individuals, is

Multiple Choice

• June 15th of the following year.

• April 30th of the following year.

• Either April 30 or June 15 (if the individual or their spouse carries on a business,) of the following year. April 30th of the following year is the balance of tax due date in all cases.

• Either April 30 or June 15, (if the individual or their spouse carries on a business) of the following year.

Note- introduction to taxation