Answer the Following Questions Which Pertain to the Administration of the Canadian

question 4

Essay

Answer the following questions which pertain to the administration of the Canadian Income Tax system.
1.Individuals (who do not carry on a business)must file an income tax return for the most recent calendar year by what date?
2.Individuals who carry on an unincorporated business must file an income tax return for the most recent calendar year by what date?
3.Who is responsible for the filing of a deceased taxpayer's tax return?
4.What is the taxation year for an inter vivos trust?
5.What is the taxation year for a testamentary trust?
6.A trust must file an income tax return within how many days of its taxation year-end?
7.What is the taxation year for a corporation (other than a professional corporation)?
8.A corporation is required to file an income tax return within how many months of its taxation year-end?

Discern how jurisdictional issues affect legal proceedings, including the significance of domicile and systematic contacts.

Explain the concept of pleading rules and their relaxation in modern courts to facilitate justice.

Understand the mechanisms and purposes of discovery requests, such as depositions and requests for admissions, in gathering lawsuit evidence.

Recognize various bases for jurisdiction and the implications for state and federal courts.

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Definitions:

Securities Exchange Act of 1934

A U.S. federal law governing the trading of securities in the secondary market, overseeing transactions, requiring disclosure, and aiming to prevent fraud.

Scienter

A legal term referring to the knowledge of wrongdoing, particularly the party's intent to deceive or act fraudulently in securities law.

GAAS

Generally Accepted Auditing Standards; guidelines for auditors in the conduct of financial audits.

GAAP

Stands for Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards for financial reporting.