1) Jo is a Canadian citizen. In March of 2020, Jo's employer transferred Jo to the United States. Jo's spouse and child moved with Jo at that time. Jo chose not to sell the family's home, and instead, now lends it to extended family from overseas during the winter months. Jo has five weeks of vacation each summer, at which time the family returns to Canada and stay in their house. Jo did not cancel a long-standing country club membership, nor did Jo close the family's Canadian bank accounts. Which of the following statements is true?

a). Jo is a Canadian citizen, and will therefore, automatically be considered a Canadian resident for tax purposes.
b). Jo no longer resides in Canada, and will therefore, automatically be considered a non-resident of Canada.
c). Jo is considered a part-time resident of Canada for the five weeks that Jo and family vacation in the country.
d). If Jo is considered to have a continuing state of relationship with Canada, Jo might be a resident for tax purposes.

2) Section 3(a) of the Income Tax Act includes which of the following?

a). Income from: employment, property, and capital transactions.
b). Income from: employment, property, business, and capital transactions.
c). Income from: business, other items, and capital transactions.
d). Income from: employment, property, business, and other items.

Answer rating: 100% (QA)

Question 1 If Jo is considered to have a continuing state of relationship with Ca... View the full answer