Multiple Choice
One way to ensure that no interest will be assessed for late instalments is:
A) to pay the amounts provided by the CRA in their instalment reminder on or before the required dates.
B) to pay the lowest amount calculated using the three alternative calculations on or before the required dates.
C) to pay the estimated tax owing for the current year on the first instalment due date.
D) to pay the average of the three amounts calculated using the three alternative calculations on or before the required dates.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Which of the following statements is correct?<br>A)When
Q3: A Canadian public company has Tax Payable
Q5: Mr. James Simon has asked for your
Q8: By making all instalments on the basis
Q10: If an individual is required to make
Q11: For each of the following independent cases,
Q19: If an individual dies after October in
Q21: The notice of objection for a corporation
Q31: All corporations must file their tax returns
Q59: The interest rate applicable on refunds to