MGMT 3020 Study Guide - Summer 2018, Comprehensive Midterm Notes - Income Tax, Water Well, Wat
12 Oct 2018
School
Department
Course
Professor
MGMT 3020
MIDTERM EXAM
STUDY GUIDE
Fall 2018
Acct 3350
18/05/15
Advertise-- Taxable? If ad America target in Canada is not, tax is for social policy (ex. protect Canada
magazine)
Laws.Justice.gc.ca/eng/acts/I-3.3/
Tax planning:
Deprecation cant be evaluation, not taxable
Incorporating a business or individual
Who pay tax:
1. Residents on worldwide income (tax treaties / foreign tax credit relief)
2. Non-residents (permanent establishment)
1) individuals 2) corporations
2)
capital gain??
Return due:
CCPC-Canadian-controlled private corporations
Payable due:
find more resources at oneclass.com
find more resources at oneclass.com
P3-5, 5-6, use the form chp3 ppt pg28-34
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
If ad america target in canada is not, tax is for social policy (ex. protect canada magazine) Who pay tax: residents on worldwide income (tax treaties / foreign tax credit relief, non-residents (permanent establishment) P3-5, 5-6, use the form chp3 ppt pg28-34. Capital gain is non-taxable. (not buy it and for sale it) 1200 is over 5yrs of 6000, and 6000 is not deductible. Late for paying federal tax, only no tax deductible if pay late for income tax. Write off- the cheapest one: deferred proceed. +outstanding deposits (i put, but bank not count yet) Last and first rule: suppose to work friday but is holiday then u don"t work that day, u will get avg paid. Last shift b4 holiday, and last day of the holiday all these payable is liabilities. a cup of coffee with milk in it---5% A cup of fountain pop and hot dog---5%
