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The following table contains information for Gladys Nite for the three years ending December 3 1 , 2 0 2 1 , 2 0 2
The following table contains information for Gladys Nite for the three years ending December
and The tax payable column is Gladys' combined federal and
provincialterritorial income tax payable.
The amounts in the columns titled Case One, Case Two, and Case Three are the amounts withheld
by her employer in the three independent cases.
Required:
A For each of the three cases:
Indicate whether instalments are required for the taxation year. Show all supporting
calculations.
In those cases where instalments are required, indicate the amount of the instalments
that would be required under the approach used in the CRA's instalment reminder.
In those cases where you have calculated the instalments required under the CRA's installment
reminder approach, indicate whether there is a better approach and, if so calculate
the required instalments under that approach.
B For those cases where instalments are required, indicate the dates on which the payments
will be due.
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