Question: 1)Which of the following is a CRA-issued penalty rate on an individual who filed a late tax return on May 15 instead of April 30th?

1)Which of the following is a CRA-issued penalty rate on an individual who filed a late tax return on May 15 instead of April 30th?

a. No Penalty

b. 5 %

c. 5.5%

d. 6%

2) Which of the following is not an installment date for an individual paying taxes?

a) March 15

b)May 15

c)June 15

d)September 15

3)Which of the following is a factor that distinguishes an employee from self-employed contractor?

a)Control of an employer

b)Ownership of tools

c)Financial gains

d) Both a & b

e) Both a & c

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Answer b 5 The penalty for not filing taxes also known as the failuretofile penalty or ... View full answer

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