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You did your taxes online last night. Today, you realized you did not report the employment insurance income that you received last year. Can you request a change to your tax return right away? Yes No Please explain your answer: 2. If you do your taxes online, the certified tax software will calculate your final result. This amount could be a refund, a balance owing, c a zero balance. If you are entitled to a refund, the CRA will send you the amount the software calculates. True False Please explain your answer: 3. List the common reasons to request a change in your tax return. 4. A notice of assessment is a tax document the Canada Revenue Agency (CRA) sends you after processing and assessing your income tax and benefit return. What important piece of information does your notice of assessment show? The final result of your tax return Your sign in information for My Account Information about your goods and services tax / harmonized sales tax (GST/HST) credit payments Your registered education savings plan (RESP) details 5. What section of your Notice of Assessment shows you the result of your return

You did your taxes online last night. Today, you realized you did not report the employment insurance income that you received last year. Can you request a change to your tax return right away? Yes No Please explain your answer: 2. If you do your taxes online, the certified tax software will calculate your final result. This amount could be a refund, a balance owing, c a zero balance. If you are entitled to a refund, the CRA will send you the amount the software calculates. True False Please explain your answer: 3. List the common reasons to request a change in your tax return. 4. A notice of assessment is a tax document the Canada Revenue Agency (CRA) sends you after processing and assessing your income tax and benefit return. What important piece of information does your notice of assessment show? The final result of your tax return Your sign in information for My Account Information about your goods and services tax / harmonized sales tax (GST/HST) credit payments Your registered education savings plan (RESP) details 5. What section of your Notice of Assessment shows you the result of your return

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You did your taxes online last night. Today, you realized you did not report the employment insurance income that you received last year. Can you request a change to your tax return right away? Yes No Please explain your answer: 2. If you do your taxes online, the certified tax software will calculate your final result. This amount could be a refund, a balance owing, c a zero balance. If you are entitled to a refund, the CRA will send you the amount the software calculates. True False Please explain your answer: 3. List the common reasons to request a change in your tax return. 4. A notice of assessment is a tax document the Canada Revenue Agency (CRA) sends you after processing and assessing your income tax and benefit return. What important piece of information does your notice of assessment show? The final result of your tax return Your sign in information for My Account Information about your goods and services tax / harmonized sales tax (GST/HST) credit payments Your registered education savings plan (RESP) details 5. What section of your Notice of Assessment shows you the result of your return
Transcribed Image Text:You did your taxes online last night. Today, you realized you did not report the employment insurance income that you received last year. Can you request a change to your tax return right away? Yes No Please explain your answer: 2. If you do your taxes online, the certified tax software will calculate your final result. This amount could be a refund, a balance owing, c a zero balance. If you are entitled to a refund, the CRA will send you the amount the software calculates. True False Please explain your answer: 3. List the common reasons to request a change in your tax return. 4. A notice of assessment is a tax document the Canada Revenue Agency (CRA) sends you after processing and assessing your income tax and benefit return. What important piece of information does your notice of assessment show? The final result of your tax return Your sign in information for My Account Information about your goods and services tax / harmonized sales tax (GST/HST) credit payments Your registered education savings plan (RESP) details 5. What section of your Notice of Assessment shows you the result of your return
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