For each of the following corporations or individuals, explain to what extent if at all they are
Question:
For each of the following corporations or individuals, explain to what extent if at all they are liable for Income Tax in Canada. No references to sections of the Act are required. 2 Marks each Billy Bird, a Canadian individual and 3rd year Odette B Comm student helps pay his hefty tuition fees by helping out his uncle, Marty Bird at the Lake of the Ozarks, Missouri USA in the summer from May 1 till Labour Day.
Billy is paid $1,000 USD (in cash of course) weekly. TeeBee 12 Inc. a Nova Scotia corporation is controlled and managed by its Boston Massachusetts parent corporation, Hoody Inc. Buckeye Sports Equipment is a water and snow ski manufacturing corporation based in Ohio and operates a branch in Whisler BC that employs sales staff, holds inventory, and sells to the Canadian consumers. The employees at Whisler are Canadian citizens.
Expert Answer:
Billy Bird Billy is a Canadian individual and he will be liable for income tax in Canada on the inco... View the full answer
