$1)$ List four steps to be completed by a private corporation planning to pay a dividend

from its capital dividend account.

$2)$ List three common methods that Canada Revenue Agency uses to audit transfer

pricing.

$3)$ List the tax return filing deadline for the following taxpayers:

a$)$terminal return for a deceased individual taxpayer

b$)$a public corporation

c$)$an inter$-$vivos trust

$4)$ List three methods that exist to calculate a taxpayer$$s HST liability.

Briefly explain the small supplier exemption in HST legislation.

During $2022$ Magico Inc., a Ontario CCPC$,$ made taxable supplies in Ontario of

$ $18,000,000($excluding HST$),$ incurred taxable purchases of $ $5,000,000$ excluding

HST$)$ and incurred expenses on which HST was not payable of $ $800,000.$ Magico Inc.

also acquired capital equipment at a cost of $ $226,000$ including HST$.$

Required:

Compute Magico Inc.$$s total HST liability for $2022$ using the long form method $($show all

detailed calculations$).$