BUS 329 Chapter Notes - Chapter 9: Child Support, Income Splitting, Tax Avoidance

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 329
• Professor: Susan Bubra

Document Summary

Death benefits ita 56(1)(a)(iii: amounts greater than ,000, spouse or other individual (does not have to be related) Rrif withdrawals ita 56(1)(h) and (t) Scholarships: amounts received, less exemption, exemption limitations. Part time only tuition and program related materials. Must be received to support enrolment in post-secondary program. Included in income: reduced by research costs. Move to new work location due to work purposes. From full time attendance at university or college. Move to full time attendance at university or college. Has to be 40km closer to the workplace: can deduct. Travel costs for taxpayer and family flight tickets. Moving household effects hiring moving trucks. Meals and lodging at new or old residence (15 days) Selling costs of old residence cannot sell and rent the new property. Costs of acquiring new residence, if owned old commission fees. ,000 of interest, taxes, or utilities on old residence. Can deduct 100% provided that you have enough income to deduct.