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1. In the current year, Mr. Stewart has the following sources of income reported on his tax return: interest income, net rental income, net business

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1. In the current year, Mr. Stewart has the following sources of income reported on his tax return: interest income, net rental income, net business income, and dividend income. What is the filing due date and payment due date for Mr. Stewart for the current taxation year? 2. After filing his tax return, Mr. Stewart realizes he forgot to include some of his interest income on his tax return. Explain to Mr. Stewart what he should do in this situation. 3. Mr. Stewart is concerned that he will have to pay tax instalments in the next taxation year since his net business income was much higher this year than in the past. Explain to Mr. Stewart when tax instalments are required for individuals and the payment due dates for tax instalments. 4. Mr. Stewart is very worried about the interest income he forgot to include on this year's tax return and he is concerned that this action would be considered tax evasion by Canada Revenue Agency. Briefly explain the difference between tax planning, tax avoidance, and tax evasion. In addition, describe to Mr. Stewart the ramifications for a taxpayer who is charged with tax evasion

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