1. What is the significance of the special rules for net income determination, and how do...
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1. What is the significance of the special rules for net income determination, and how do they relate to the five categories of income that are taxable? 2. What are the tax consequences if a parent sells property to a child at a price that is less than the actual value of the property? 3. What difference would it make if the property were simply gifted to the child? 1. What is the significance of the special rules for net income determination, and how do they relate to the five categories of income that are taxable? 2. What are the tax consequences if a parent sells property to a child at a price that is less than the actual value of the property? 3. What difference would it make if the property were simply gifted to the child?
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1 The determination of the primary sources of income employment business property and capital gains ... View the full answer
Related Book For
Canadian Income Taxation planning and decision making
ISBN: 9781259094330
17th edition 2014-2015 version
Authors: Joan Kitunen, William Buckwold
Posted Date:
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