What Is the Most Common Type of Tax Filing Error

question 35

Multiple Choice

What is the most common type of tax filing error, of those listed?

• A)Mathematical errors, such as adding or subtracting amounts incorrectly.
• B)Calculating and claiming provincial tax credits incorrectly.
• C)Claiming GST/HST credits incorrectly by using incorrect spousal income amounts.
• D)Claiming incorrect amounts as RRSP contributions.
• E)Forgetting to claim the age amount, or claiming it incorrectly.

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Definitions:

Creativity

The ability to generate new ideas, solutions, or innovations that are both original and valuable.

Need to Excel

The motivation or drive in individuals to achieve superiority and standout performance in their activities or professions.

Risk Aversion

A behavioral trait where individuals or entities tend to avoid uncertainties and potential losses in decision-making.

Tolerate Failures

The willingness or capacity of an individual or organization to endure and learn from unsuccessful outcomes or errors.