ii. Which of the following statements is true regarding the CRA;s right to reassess an income tax return?

a. Retiring allowance; life insurance paid by the employer; legal fees incurred to collect unpaid salary.

b. Tips and gratuities; dental insurance paid by the employer; exercise of options o purchase shares of the employer

c. Employee contributions to a registered pension plan; signing bonus on accepting employmen; availability of an employer owned automobile

d. Monthly automobile allowance; group disability insurance paid by the employer; promotional costs incurred in selling the employers products.

iv. Throughout 2021, X Ltd. provided Mary with a company-leased car for employment purposes but paid none of his car related operating costs. The manufacturers list price of the car was $38,000, including HST. During the year Mary drove a total of 40,000 kilometres of which 30,000 were in the course of employment.

X Ltds monthly lease payments were $1,100 including HST.

Which of the following is Marys taxable benefits in relation to the car?

a. $4,399

b. $4,550

c. $2,200

d. $3,300