Question

1) Mr. and Mrs Smith are considered residents of Canada for tax purposes They have asked you )On what date must Mr. Smith's tax obligation for 2015 tax year be paid? b) On what date must Mr. Smith fille his tax return by? c) On what date must Mrs Smith's tax obligation for 2015 tax year be paid? d) On what date must Mrs. Smith file her tax return by? Additional information is as follow Mr. Smith's Source of income Mrs. Smith's Source of Income: Do the Taxpayer's have Children o (0 Employment, 1 Business) 0 (o Employment, 1- Business) 1(0 Noj 1 Yes) #2) Mr. lones has received a Notice of Reassessment from CIA in the mail disallowing multiple expenses clamed on his income and expense statement for his Sole Proprietorship Business. Mr. Jones disagrees with CRA'S reassessment and wishes to object to the adjustments made. What is the latest date that Mr. Jones can submit his objection based on the following information Tax Return Filed by Taxpayer March 28, 2016 2015 Originall Notice of Assessment Date: April 12, 2016 2015 Notice of Reassessment Date: July 1, 2017 #3) Based on the following, determine the tax impact to the employee receiving the following payments from their employer $100 $100 i) Hotel Accommodation Allowance Paid per Work Travel Day Actual Cost of Hotels for Employee While Travelling per Day $0.40 |First 5,000 KM) i) Vehicle Allowance per KM for work Purposes 4) Given the following details, determine the minimum Net Employment Income the Taxpayer eeds to report for the 2015 Tax Year: (show all calculation and explanations) Gross Salary Sales Commission Income Cash Performance Bonus $89,242 2,668 8,924 $100,834 Federal Income Tax Withheld at Source CPP Contributions Withheld at Source El Insurance Premiums withheld at Source Employee's RPP Contributions Employee's Contributions to Group Disability Plan Employee's Repayment to Employer for Work Vehicle Employee's Union Dues $25,209 2,480 931 5,042 262 656 1.39 35,919 $64,915 Net Paycheque for Year

Answer 1