Multiple Choice
A Canadian public corporation had federal taxes payable in 2018 and 2019 exceeding $3,000. One correct option it has with respect to its 2020 instalments is to pay:
A) equal instalments, on a quarterly basis, based on its 2019 federal taxes payable.
B) on a monthly basis, instalments equal to 1/12th of its estimated 2020 federal taxes payable.
C) one lump-sum payment, within three months of its 2020 year end.
D) on a monthly basis, instalments equal to 1/12th of its 2018 federal taxes payable.
Correct Answer:
Verified
Correct Answer:
Verified
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