Question
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
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
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