Which of the following scenarios will result in a penalty being charged by the CRA?Question...
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Which of the following scenarios will result in a penalty being charged by the CRA?Question options:A taxpayer who is owed an income tax refund files their income tax return late.A taxpayer who has a balance owing files their income tax return on time, but does not include a payment.A taxpayer who has a balance owing files their income tax return late, with the payment enclosed.A taxpayer pays less than the required amount of instalments. The amounts are not large.
Which of the following scenarios will result in a penalty being charged by the CRA?Question options:A taxpayer who is owed an income tax refund files their income tax return late.A taxpayer who has a balance owing files their income tax return on time, but does not include a payment.A taxpayer who has a balance owing files their income tax return late, with the payment enclosed.A taxpayer pays less than the required amount of instalments. The amounts are not large.
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