I $-$ True and False

The CRA completes a Notice of Assessment, which contains the amount, if any, of taxes to be paid or refunded after processing a return.

Taxable Income is the actual tax base upon which an income tax liability or refund is based.

The principal objective of the income tax system is to raise revenues for government to provide services.

The Canadian tax system does not charge income tax to those not resident in Canada $($non$-$residents$)$ if they earn Canadian sources of income.

Individuals who carry on a business as a sole proprietor or as a member of a partnership in a year must file their tax return for a particular year on or before April $30$ of the following year.

II $-$ Match the following statements

Refunds

Notice of Objection

A$.$ Ignoring the Canadian tax system intentionally

Tax Evasion

B$.$ Tax Liability is less than taxes withheld.

Penalty

C$.$ failure to file a return on time.

Tax avoidance

D$.$ Tax planning done within the letter of law

E$.90$ days after NOA$/$NORA or $1$ year after filing.