Question: Determine the Canadian residency status for the current year for each of the following taxpayers. Income tax reference: ITA 250(1), (4); IT-221R3. a) Paula was
Determine the Canadian residency status for the current year for each of the following taxpayers. Income tax reference: ITA 250(1), (4); IT-221R3.
a) Paula was born and lived her life to date in Canada. On November 1st of the current year she left Canada permanently.
b) Al spent the current year in Belgium on temporary work assignment. His family and friends are looking forward to his return to Canada in June of next year.
c) Kimberley lives in Ireland. In the current year she was in Canada throughout the months of February through May and again throughout the months August through October caring for a sick friend.
d) 102864 Limited was incorporated in Canada five years ago. The corporation has always carried on business exclusively in Bermuda since incorporation.
e) Navy Ltd. was incorporated in the United States. In the current year Navy Ltd. carried on business in Canada as well as in the United States.
Step by Step Solution
3.29 Rating (170 Votes )
There are 3 Steps involved in it
ITA 2501 4 Residence a Paula is a partyear resident She is resident in ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
691-L-B-L-I-T-E (563).docx
120 KBs Word File
