Jan Jaansen works at a car dealership in Hope, BC, and is moving to another car dealership in Squamish, BC as a promotion. Jan has asked that the dealership pay for his preliminary visit to Squamish (he and his wife are looking at some houses to buy) rather than giving him a taxable allowance for a non-deductible expense. This transaction likely constitutes:

Select one:

a. Tax tomfoolery

b. Tax evasion

c. Tax avoidance

d. Tax fraud

Henry Flowers is a Canadian resident and owns shares in Microsoft Corp. Microsoft is a U.S. corporation listed on a U.S. stock exchange. Which of the following is correct with regards to how the income and/or capital gains on the Microsoft shares would be taxed in Canada?

Select one:

a. Dividends and capital gains from the Microsoft shares would be taxed as if they were interest income.

b. Only capital gains from the Microsoft shares would be taxed, but they would have a 100% inclusion rate.

c. Dividends and capital gains from the Microsoft shares would be treated the same way as shares traded on a Canadian exchange.

d. Dividends from the Microsoft shares would be taxed as if they were interest income. Capital gains from the Microsoft shares would be treated the same way as capital gains from Canadian shares

Courtenay Kardashian, works at UPS and her only source of income is from employment. She did not pay her net tax owing for 2018 until she actually filed her return on August 11th, 2019. Her net tax owing on his balance-due day was $3250. This is the first time she has been late filing or paying. How much of a late filing penalty will Courtenay incur?

Select one:

a. $260

b. $Nil

c. $162

d. $98