ADMS 4540 Lecture Notes - Lecture 3: Dividend Tax, Taxation In Canada, Personal Services

• School: York University
• Department: Administrative Studies
• Course: ADMS 4540
• Professor: William Lim

Document Summary

4561 lecture 3 last updated october 3, 2016 two new changes highlighted in yellow 17. 5 in footnote 11 on page 6 and 38 1/3% near top of page 15. For the lecture 3 class, you will need to bring these items: lecture 3 notes, lecture 3 problem set1. Fit: parts of chapter 12, 13, 15 if necessary. Problem: problem set problems 1, 2, and 3 (test yourself on integration in 2016) 1 the solutions to problems 1 to 4 are in the footnotes of the problem set. The concept of integration is central to the canadian tax system and is as follows. The tax should be more or less the same when (a) income is earned directly by an individual (or earned by a corp. & paid as salary) 2 of 30 as compared to when (b) income is earned by a corporation and paid out as a dividend. In scenario (a), all the tax on the income is personal.