TRUEFALSE Write 'T' if the statement is true and 'F' if the statement is false 1) If an individual believes that the amount of income taxes withheld by his employer is greater than the amount that he will have to pay in a particular year, he can make a request to the CRA to have his source deductions reduced 2) Because the taxation year of an individual must be based on the calendar year, all individuals will have the same filing due date 3) If an individual dies after October in a particular taxation year, his legal representatives must file his tax return by the later of his normal filing due date and six months after the date of his death 4) The interest rate applicable on refunds to individuals is 4 percentage points less than the interest rate applicable on amounts owing to the CRA 5) The penalty for an individual making insufficient instalment payments is 5 percent of the total unpaid tax at the filing date, plus 1 percent per month 6) Without regard to whether an individual's filing due date is April 30 or June 15, any balance of tax owing must be paid by April 30 7) All corporations must file their tax returns no later than six months after the end of their fiscal year, and pay any balance of tax owing no later than three months after the end of their fiscal year 8) Tax avoidance involves deliberately ignoring a specific provision in the Income Tax Act 9) The GAAR provisions are not applicable to gifts to adult children 10) Interest and penalties may be waived or reduced in extraordinary circumstances, such as those involving natural disasters or serious illness