BU357 Lecture Notes - Lecture 2: Canadian Passport, Permanent Residency In Canada, Canadian Business
Document Summary
Income tax on individual who are not residents in canada, but only if they are: employed in canada, carry on business in canada, dispose of taxable canadian property. Degrees of canadian residency: resident pays tax in canada on worldwide income, part-year resident (year in which residency status change) for period of residency, pays tax in. Canada on worldwide income, period of non-residency, pays tax in canada on income earned in. Canada from employment, carrying on business and disposal of taxable canadian property: non-resident pays tax in canada on income earned in canada from employment, carrying on business and disposal of taxable canadian property. Resident status if: maintaining a dwelling owned or leased a home, suitable for year-round occupancy, avoid: ca(cid:374) re(cid:374)t or lease their property to a(cid:374) ar(cid:373)"s le(cid:374)gth i(cid:374)di(cid:448)idual, e. g. to a stra(cid:374)ger. Deemed resident sojourning: not a resident but you are deemed one if you stayed in canada for 183 days or more.
