AFM362 Study Guide - Final Guide: Dividend Tax, Tax, Foreign Tax Credit

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM362
• Professor: Dan Rogozynski

Document Summary

Module 1: chapter 14 rights and obligations. June 15 if individual/cohabiting spouse carried on a business or. Later of above or 6 months after death of deceased individual. Corporations resident and carry on business in canada must file tax returns each tax year. Individuals need to have one of the following: a balance of tax owing; a capital property disposed in the year; a return demanded by the. Minister; home buyer plan or lifelong learning plan amounts positive; non-resident individual having taxable capital gain. Individuals instalments payable if current year & o(cid:374)e of p(cid:396)io(cid:396) t(cid:449)o (cid:455)ea(cid:396)"s tax liability > tax withheld at source by ,000; The taxation year for an individual is december 31 almost always. Remunerations include bonuses, tips, commissions are in the same scope as salaries and wages. Amount included for employment purposes are on a cash basis.