Residency of a corporation What is a Canadian corporation? Section 89 of the ITA defines a Canadian corporation as one that is resident in Canada and was: incorporated in Canada; or resident in Canada from June 18, 1971, to the present A corporation formed by a corporate reorganization is a Canadian corporation due to incorporation in Canada […]
NO.: IT-91R4 DATE: June 17, 1996 SUBJECT: INCOME TAX ACT Employment at Special Work Sites or Remote Work Locations REFERENCE: Subsection 6(6) (also subsections 6(1), 110.7(1), (2) (4), and the definition of “self-contained domestic establishment” in subsection 248(1); and paragraph 250(1)(a) of the Income Tax Act; and section 7303.1 of the Income Tax Regulations) Application This bulletin
IT91R4- Employment at Special Work Sites or Remote Work Locations Read More »
Income Tax Folio S1-F4-C1, Basic Personal and Dependant Tax Credits Series 1: Individuals Folio 4: Personal Credits Chapter 1: Basic Personal & Dependant Tax Credits Summary Individuals are entitled to claim certain non-refundable tax credits in calculating taxes payable for a tax year. These credits reduce the amount of income tax an individual must pay.
Income Tax Folio S1-F4-C1, Basic Personal and Dependant Tax Credits Read More »
Income Tax Folio S1-F2-C2, Tuition Tax Credit Series 1: Individuals Folio 2: Students Chapter 2: Tuition Tax Credit Summary When calculating Part I tax payable, a student may be able to claim the non‑refundable tuition tax credit. The purpose of the tuition tax credit is to allow students to reduce their income taxes by taking
Series 5: International and Residency Folio 1: Residency Chapter 1: Determining an Individual’s Residence Status Summary The purpose of this Chapter is to explain the position of the Canada Revenue Agency (CRA) concerning the determination of an individual’s residence status for income tax purposes and the factors to be taken into account in making that determination.
Income Tax Folio S5-F1-C1, Determining an Individual’s Residence Status Read More »