RSM324H1 Lecture 9: Chapter 09
Document Summary
Other income, other deductions, and special rules for completing net income for tax purposes. Other sources of income: catch-all category other income that does not qualify as: Employment income: business income, property income, capital gains/losses. Not taxable if student can claim the education tax credit, otherwise, Are exempt only to the extent of annually. Lottery winnings: receipt of a gift, receipt of an inheritance. Specific list of items found in section 60 through 66. 8 of the act. Support payments to a former spouse, if. Fees/expenses for objection or appeal of a tax assessment. Child care expenses lower income spouse. Temporary board and lodging (up to 15 days), Costs of cancelling a lease for the old residence, Cost of maintaining a vacant former residence within limits, Cost of revising legal documents, etc: moving expenses. Eligible if new residence location is at least 40 kilometres closer to the new work location than the previous residence.
