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You had 350 employees before, and due to a recent re-org, you reduced your staff 15%. Unfortunately, you were late filing your return and did not complete it correct as you were busy scaling down your operations. What would you

You had 350 employees before, and due to a recent re-org, you reduced your staff 15%. Unfortunately, you were late filing your return and did not complete it correct as you were busy scaling down your operations. What would you incur from CRA for the following? 


a. Penalty for late return filing (daily + max penalty) 


b. Penalty for an incorrect method of filing (max penalty)

  • Expert Answer

a Penalty for late return filing daily max penalty The penalty for late return filing is 25 per day View the full answer


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Related Book For  answer-question
Income Tax Fundamentals 2013

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: March 24, 2023 05:57:53
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