Which of the following persons would be subject to tax in Canada? Choose the correct answer....
Which of the following persons would be subject to tax in Canada? Choose the correct answer.
A. a US citizen who visits Canada on vacation
B. a US corporation that has a distribution facility located in Canada
C. a US corporation that employs Canadian citizens to work in its US facility
D. a former Canadian citizen who has surrendered his citizenship and lived in the US for 5 years
Homework Answers
| A US corporation that has a distribution facility located in Canada would be subject to tax in Canada. |
| As the distribution facility is located within the taxable territory in Canada, the Corporation would be subject to tax in Canada |
| Option B is correct |
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Which of the following persons would be subject to tax in
Canada? Choose the correct answer....
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PROBLEM TWO o what extent, if any, are the following individuals or corporations liable for tax in Canada? 1. An individual who lives and works in Canada received an inheritance from an uncle in France. The inheritance consists of shares, bonds, and French real estate. During the year, the investments generated interest, dividends, and rents, which were retained in France and reinvested. 2. A large corporation based in Alabama operates a branch in Winnipeg that employs Canadian staff, holds a...
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#2) (3 Marks) Given each of the following unique scenarios, comment on whether or not the...
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Canadian Income Tax
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choose the correct options from the following O increases in the quantity of labour supplied to...
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