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Lesley Burt has come into your office to meet with you regarding her finalized 2 0 2 3 tax return. In the meeting, she has
Lesley Burt has come into your office to meet with you regarding her finalized tax return. In the meeting, she has asked you about her tax instalment payment options. She has provided the following information: Year Taxes payable tax liability less tax withheld Tax withheld at source by employer $actual $ $actual $ $estimate $ Required: a Briefly explain whether Ms Burt is required to make income tax instalments in respect of b Calculate the options for the instalment payments in and indicate when they are due ie calculate under all optionsc Which of these options will be reflected in the Canada Revenue Agencys Instalment Reminder Notices for the instalments? d What are the consequences of not paying the final instalment until Lesley files her tax return on April Assume that the Q prescribed rate is the same as the Q rate for see tax appendix
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