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L Inc, a Canadian-controlled private corporation, has a June 30 taxation year-end. L filed its income tax return for 2023 on March 31 , 2024

L Inc, a Canadian-controlled private corporation, has a June 30 taxation year-end. L filed its income tax return for 2023 on March 31 , 2024 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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