ECN 204 Lecture Notes - Lecture 6: Foreign Tax Credit, Withholding Tax, Departure Tax
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Just bc ur a citizen it doesn"t make you a resident. If u dont hav significant ties, or a permanent presence here then ur prob not a resident. In section 2 sub 3, division a is our liability division in part 1. Employment, business inc from a permanent establishment, and disposition of taxable canadian prop whats taxable canadian prop? real property shares can be but only if they derive the primary value from real estate in. Canada and not just any shares, not operating business that are encapsulated in a corporation and a non resident has a share in that those are non taxable canadian property. Not everything i own requires me to file a tax return/ We have more active in nature type of income. When i look at part 1, i look at more active type beside taxable canadian prop.
