Question
L Inc., a Canadian-controlled private corporation, has a June 30 taxation year-end. L filed its income tax return for 2020 on March 31, 2021 at
L Inc., a Canadian-controlled private corporation, has a June 30 taxation year-end. L filed its income tax return for 2020 on March 31, 2021 at which time it paid the balance of tax owing of $20,000. What is the late-filing penalty for L Inc.?
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Accounting Principles A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
1st Edition
1680921851, 978-1680921854
