Linda neglected to complete herT1 General in time for the filing deadline of April 30, 2014. This

Question:

Linda neglected to complete herT1 General in time for the filing deadline of April 30, 2014. This would not be a problem if she did not owe any tax. However, after completing her tax return, she realized that the amount of tax withheld by her employer was not enough to cover the amount of taxes she owed. In fact, Linda owed an additional $2000 of income tax. Linda completed her tax return late and submitted it to the CRA by November 1, 2014. Calculate Linda’s income tax penalty. How much will she have to pay in total?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Personal Finance

ISBN: 978-0134040042

3rd Canadian Edition

Authors: Jeff Madura, Hardeep Singh Gill

Question Posted: