14) What is the penalty for filing your tax return late for the first time? 15) What is the penalty for filing your tax return late if within the last 3 years this was your second time? 16) How long does a corporation need to retain its books and records for CRA? 17) Under what scenario does a tax preparer have to register with the CRA? 18) What is the tax consequence when an employer declares a bonus on dec 15 with a dec 31 year end pays a bonus on July 15 the following year? 19) What is the tax consequence when an employer declares a bonus on dec 15 with a dec 31 year end pays a bonus on march 15 the following year? 20) What is the tax treatment for an employee who receives a $200 gift card? What if instead of a gift card it was a $200 pen? Does it change the tax treatment?