MGAC50H3 Final: Final Crib Sheet
Document Summary
[chp 1 and 2: introduction and liability for tax] Liability of individuals for income taxes in canada. You are liable for tax in canada only if you are considered to be a resident (not a citizenship issue) The 4 types of residency: full-time resident. In order to be considered in this category, the tax payer should demonstrate a continuing state of relationship with canada. (significant ties): has a house / spouse and kids live in canada / dependants in canada. Cdn org (union or professional) / g2 / seasonal dwelling place in canada. (other ties of limited importance): retention of cdn mailing address / cdn post office box / cdn safety deposit box / business card showing cdn address / telephone listing in canada / cdn newspaper and magazine subscription. (nature of absence from canada): evidence of intention to permanently sever ties with canada / regularity and length of visits to.