Canadian income tax policy an economic evaluation by Vladimir Salyzyn

Cover of: Canadian income tax policy | Vladimir Salyzyn

Published by CCH Canadian in Don Mills, Ont .

Written in English

Read online


  • Canada.


  • Income tax -- Economic aspects -- Canada.,
  • Fiscal policy -- Canada.

Edition Notes

Includes bibliographies and index.

Book details

Statementby Vladimir Salyzyn.
LC ClassificationsHJ4661 .S18
The Physical Object
Paginationv, 305 p. :
Number of Pages305
ID Numbers
Open LibraryOL4292648M
LC Control Number78320296

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Bill Buckwold has extensive experience in academic and professional tax education. A Chartered Professional Accountant, Chartered Accountant and graduate of the University of Western Ontario’s School of Business Administration, with cross-studies at the Faculty of Law, he currently is a member of the Faculty Brand: William Buckwold.

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Don Mills, Ont.: CCH Canadian, © (OCoLC) Canadian resident taxpayers must report and include in their income for Canadian tax purposes all the income they earn from foreign property, regardless of the cost amount of the foreign property.

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A Canadian-controlled private corporation engaged in an active business can enjoy File Size: KB. A Canadian citizen (or company) cannot deduct from his taxes the whole cost of a property that is used to earn income, but he can deduct a percentage of the property's cost: he can deduct the depreciated value of that property.

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Byrd & Chen's Canadian Tax Principles, Edition, can be used with or without other source materials (this includes the Income Tax Act, Income Tax Folios, and other official materials).

The Income Tax Act is referenced in the text where appropriate for further independent study. Treat foreign business income the same way you would handle business income from Canadian sources when filing your Canadian income tax return.

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As a general rule, corporations resident in Canada are subject to Canadian corporate income tax (CIT) on worldwide income. Non-resident corporations are subject to CIT on income derived from carrying on a business in Canada and on capital gains arising upon the disposition of taxable Canadian property (see Capital gains in the Income determination section for more information).

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The "hobbyist vs. for profit" distinction for authors matter greatly for tax reporting. Several years ago, the combined efforts of The Writers’ Union of Canada (book authors) and the Professional Writers Association of Canada (periodical writers) convinced the CRA to issue a policy statement that those taxpayers who claim writing and artistic business income can claim royalty earnings from their publications as earned business.

income with respect to which information is required to be exchanged under subparagraph (2)(b) of Article 2 of this Agreement. q) The term “Non-Reporting Canadian Financial Institution” means any Canadian Financial Institution, or other Entity resident in Canada, that is.

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Canadian income tax policy: an economic evaluation / Author: by Vladimir Salyzyn. --Publication info: Don Mills, Ont.: CCH Canadian Ltd.,cIndividual Income Tax Return. MI Book with forms (64 pages) MI Book – Instructions only (no forms) Homestead Property Tax Credit Claim.

MICR Instructions. Pension Schedule. Pension Schedule Instructions. Form Section D Worksheet. Worksheet Instructions. Pension Continuation Schedule. Additions and Subtraction. The Canada Revenue Agency (CRA) does not start processing Canadian income tax returns until the middle of February.

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