ACTG 3P41 Chapter Notes - Chapter 2: Permanent Residency In Canada, Independent Contractor, Canadian Business

• School: Brock University
• Department: Accounting
• Course: ACTG 3P41
• Professor: Michael Espinoza

Document Summary

2000 liability of individuals for canadian income tax overview. Subjected to income tax even if not a resident under the following: employed in canada 2) carry on business in canada 3) dispose of taxable canadian property. Three residency statuses for individuals: reside(cid:374)t, i(cid:374)(cid:272)ludi(cid:374)g a dee(cid:373)ed reside(cid:374)t u(cid:374)der the (cid:862)sojour(cid:374)er(cid:863) rules, part-year resident, non-resident. (cid:449)he(cid:374) lea(cid:448)i(cid:374)g ca(cid:374)ada, (cid:373)ust re(cid:448)ie(cid:449) ta(cid:454)pa(cid:455)er"s i(cid:374)te(cid:374)tio(cid:374) to permanently sever ties. (cid:862)a (cid:272)o(cid:374)ti(cid:374)ui(cid:374)g state of relatio(cid:374)ship (cid:271)et(cid:449)ee(cid:374) a perso(cid:374) a(cid:374)d a pla(cid:272)e (cid:449)hi(cid:272)h arises fro(cid:373) the dura(cid:271)le (cid:272)o(cid:374)(cid:272)urre(cid:374)(cid:272)e of a (cid:374)u(cid:373)(cid:271)er of (cid:272)ir(cid:272)u(cid:373)sta(cid:374)(cid:272)es(cid:863). 2010. 10 administrative practice: maintaining a dwelling 2) immediate family members remaining in canada 3) secondary ties. Whether owned or leased, suitable for year round occupancy, and available for occupation would establish important residential tie. As long as it is not available for occupancy by taxpayer or rented to non-arms length person. A spouse or common-law partner and other dependent members. None of these alone would be enough to determine canadian residence.