Reference no: EM132463562

Question 1: With respect to the filing of a T1 Personal Income Tax and Benefits Return, which of the following statements is correct?

a) An individual is required to file an income tax return if they have reached the age of 18 by the end of the year.

b) An individual is required to file an income tax return if their only source of income is business income, even if no tax is payable.

c) An individual is not required to file an income tax return if no tax is payable for the year.

d) If an individual has disposed of a capital property during the year, they are required to file an income tax return, even if no tax is payable.

Question 2: Which of the following is NOT one of the criteria that must be met before an adjustment to a previous year tax return is permitted?

a) The Canada Revenue Agency must be satisfied that its previous assessment was incorrect.

b) The reassessment must be made within the normal assessment period, or under certain permitted extensions to this period.

c) The change is based on a successful appeal to the courts by another taxpayer.

d) The taxpayer's return was filed within 3 years of the end of the year to which it relates.