ADMS 3520 Lecture Notes - Lecture 2: Disability Insurance, Raw Image Format, Net Income
3 Oct 2017
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Document Summary
Selected parts of chapters 1, 3 and 21. Web links are included to provide more information to those who are interested to learn more about particular topics. Recommended exercises and self-study problems in chapter 3: exercises 1-3, 8-9, 11-12, 14- Ita 2 is the charging provision [1-76 to 1-89] It defines who the taxpayer is and what the base is = who is liable for tax on what taxable income. For residents of canada for tax purposes. The base is worldwide taxable income in division c of the act. For non-residents of canada for tax purposes. The base is certain canadian source taxable income in division d of the act if they were employed in canada, carried on a business in canada, or. Disposed of a taxable canadian property (e. g. , canadian real estate) at any time in the year or a previous year. Resident unless an individual severs all significant residential ties with canada upon leaving.
