kindly solve quizez 24,25
return is permited? The CRA must be satisfied that the previous assessment was incerrect change is based on a successful appeal to the courts by another taxpayer payer's return was filed within 3 years of the end of the year to which it relates reassessment must be made the to this period C. The D. The w ithin the normal assessment period, or under certain permitted estensions Mam Amld filed his 2015 tas return on March 1. 2016. The CRA mailed a notice of assessment to Tom dated Tom received it on May 30, 2016. If Tom disagrees with the notice of assessment, what is the latest date he has to file a notice of objection? A. 90 days from March 1,2016 B. 90 days from April 30, 2016. C. 90 days from May 15, 2016 D. 90 days from May 30, 2016 E. None of the above. 23. Minnie Belanger is retired. She filed her 2015 tax return on March , 2016. She received a portion of refund claimed and an assessment notice, dated April 19, 2016, which set out the difference between the amount claimed and the amount of the refund. As Minnie disagrees with the notice of assessment, she wishes to file a notice of objection. What is the latest date she has to file a notice of objection? A. March 5, 2017 B. April 19, 2017 C. April 30, 2017 D. July 18, 2016 E. June 1S, 2017 24. Marc Mayer filed his 2015 personal tax returm on March 1, 2016. Neither he nor his spouse has business income in any year. The CRA mailed a Notice of Assessment to Mare dated May 5, 2016 and Mare received it on May 14, 2016. If Mare disagrees with the Notice of Assessment, he has until which one of the following dates to file a Notice of Objection? A. August 3, 2016 B. August 12, 2016 C. March 1,2017 D. April 30, 2017 Tax Planning 25. Carice Martin is planning to sell a piece of capital equipment which can be sold for more than its cost. If she waits until afer her company's year end to sell it, she is engaging in: A. tax evasion. B. tax avoidance. C. GAAR D. tax planning