Mr. Taxpayer also deducted the childcare expenses on his tax return.
REQUIRED: Will this be an eligible deduction? Why or why not (provide references where appropriate).
PART C: Administration and Enforcement
3)Gwendlyn has recently moved to Canada, she has incorporated a company with a year end of October 31st. She pays herself a salary and dividends. She has requested some information from you as it relates to Taxes in Canada. Please respond to each question separately: (provide a full explanation to your response)
a.Do I have to file a tax return?
b.How do I file a tax return?
c.When do I have to file a tax return?
d.If I owe money on my personal taxes, when do I have to pay them?
e.What if I don’t file?
PART A: CAPITAL GAINS1) Development Corp. a commercial development company, acquired vacant property in2012 at a cost of $1.5 million. Once acquired, they also spend an additional $150,000 to…
