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Name: Student Name TAX 600-HAND-IN #1 #1) Mr. and Mrs. Smith are considered residents of Canada for tax purposes. They have asked you: a) On
Name: Student Name TAX 600-HAND-IN #1 #1) Mr. and Mrs. Smith are considered residents of Canada for tax purposes. They have asked you: a) On what date must Mr. Smith's tax obligation for 2017 tax year be paid? b) On what date must Mr. Smith file his tax return by? c) On what date must Mrs. Smith's tax obligation for 2017 tax year be paid? d) On what date must Mrs. Smith file her tax return by? Additional information is as follow: Mr. Smith's Source of income: Mrs. Smith's Source of income: Do the Taxpayer's have Children: 0 (0 = Employment; 1 = Business) 1 (0 = Employment; 1 = Business) 0 (0 = No; 1 = Yes) #2) Mr. Jones has received a potice of Reassessment from CRA in the mail disallowing multiple expenses claimed on his income and expense statement for his Sole Proprietorship Business. Mr. Jones disagrees with CRA's reassessment and wishes to object to the adjustments made. What is the latest date that Mr. Jones can submit his objection based on the following information: 2017 TI Tax Return Filed by Taxpayer: 2017 Original Notice of Assessment Date: 2017 Notice of Reassessment Date: May 8, 2018 May 23, 2018 August 17, 2018 #3) Based on the following, determine the tax impact to the employee receiving the following payments from their employer: i) Hotel Accommodation Allowance Paid per Work Travel Day: Actual Cost of Hotels for Employee While Travelling per Day: 400 100 ii) Vehicle Allowance per KM for Work Purposes: 0.40 (First 5,000 KM)
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