Multiple-choice questions (MCQs) and task-based simulations (TBSs) are customarily offered on professional accreditation examinations. Given that most students enrolled in this course intend to obtain a chartered professional accountant (CPA) designation after university graduation, some exposure to both MCQs and TBSs from an income tax perspective is required. The following MCQs and/or TBSs are modified versions of similar problems borrowed from previous professional accreditation examinations, which traditionally allocate 2.4 minutes (144 seconds) per problem for completion. Each MCQ or TBS is worth two marks, unless otherwise indicated.

1. Section 26 of the Interpretation Act states: 26 Where the time limited for the doing of a thing expires or falls on a holiday, the thing may be done on the day next following that is not a holiday

Subsection 35(1) of the Interpretation Act defines the word holiday as follows: 35(1) holiday means any of the following days, namely: Sunday; New Years Day; Good Friday; Easter Monday; Christmas Day; Victoria Day; Canada Day; Labour Day; National Day for Truth and Reconciliation; Remembrance Day; Thanksgiving; .

OpCo must file annually its CRA Form T2 corporate income tax return on or before six months after the end of its taxation year. OpCo has a March 31, 2022 taxation year-end and six months after that date falls on September 30, 2022, which is a Friday. OpCos CRA Form T2 corporate income tax return for the March 31, 2022 taxation year would be due on or before which date? (2021 CPAO)

(a) September 30

(b) October 1

(c) October 2

(d) October 3