Indicate the category of income under the Income Tax Act into which each of the following items
Question:
1. Annual stipend received by an individual for serving as a director of a public corporation.
2. Receipt of alimony (spousal support) payments.
3. Receipts from an employer’s registered pension plan.
4. Dividends received from a foreign corporation.
5. Proceeds from the sale of land acquired for resale.
6. Loss from a loan to a small business corporation.
7. Moving expenses.
8. Gain from the sale of shares of a public corporation.
9. Fees received for providing legal services.
10. Alimony (spousal support) paid.
11. Gain on the sale of an automobile purchased for resale.
12. Bonus from an employer.
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Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
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