1. For a public corporation, which of the following statements is correct with respect to filing a notice of objection?

A. It must be filed no later than 180 days from the date on the notice of assessment.

B. It must be filed the later of 90 days after the date on the notice of assessment and one year from the filing date for the return under assessment.

C. It must be filed the later of 180 days after the date on the notice of assessment and one year from the filing date for the return under assessment.

D. It must be filed no later than 90 days after the date on the notice of assessment.

2. Which of the following is NOT a taxable entity for Canadian income tax purposes?

A. Darklyn Ltd., a Canadian resident corporation.

B. Ms. Sarah Bright, a Canadian resident.

C. Walters and Walters, a group of CPAs operating as a partnership.

D. The Martin family trust.

3. For its 2018 taxation year, its first year of operation, PS Swim Inc. filed its return three months late. The unpaid tax at the due date for the return was $2,500. This amount was not paid until the return was filed. What would its penalty be?

A. Nil.

B. $75.

C. $125.

D. $200.

E. $500.

4. The balance due date for a corporation is:

A. April 30 of the following year.

B. The same as the filing deadline.

C. Three months after the end of the fiscal year, or two months after the end of the fiscal year if the corporation is a small CCPC.

D. Two months after the end of the fiscal year, or three months after the end of the fiscal year if the corporation is a small CCPC.