Which of the following statements is correct?
A)When an individual dies in a year, an income tax return must be filed for that year within 6 months of the date of death.
B)Only residents of Canada are required to file Canadian income tax returns.
C)An individual with business income during the year must pay any balance owing by June 15 of the following year.
D)A self employed individual with a net business loss for the year does not have to file an income tax return for the year.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is correct?
A)When an individual dies in a year, an income tax return must be filed for that year within 6 months of the date of death.
B)Only residents of Canada are required to file Canadian income tax returns.
C)An individual with business income during the year must pay any balance owing by June 15 of the following year.
D)A self employed individual with a net business loss for the year does not have to file an income tax return for the year.

Which of the Following Statements Is Correct