A part year resident for the current year is an individual who either establishes residency in Canada during the current year or alternatively terminates residency in Canada during the current year. a) True b) False
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A part year resident for the current year is an individual who either establishes residency in Canada during the current year or alternatively terminates residency in Canada during the current year.
- a) True
- b) False
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- X a foreign citizen (not a person of Indian origin), leaves India for the first time in last 10 years on July 20, 2017. During the calendar year 2018, he comes to India on September 1 for a period of 40 days. During the calendar year 2019, he does not visit India at all but comes to India on March 25, 2020. Determine the residential status of X for the assessment year 2020-21May Tan, a 50-year-old Canadian citizen entered Singapore on 1 June 2020 to work for a Singapore company. Her contract is for 1 year. Which of the following statements is/ are TRUE? (i) May will be taxed as a non-resident for Year of Assessment 2021 as she is not a Singaporean(ii) May’s income from Singapore will be exempt from tax as she is not a tax resident(iii) May will be taxed as a resident for the Year of Assessment 2021 but as a non-resident for the Year of Assessment 2022. Question 8 options: 1) i only 2) ii only 3) iii only 4) None of the above5. A citizen of Canada moved to the United States on May 1, 2022, and lived and worked in the United States the rest of the year. Is the following statement true in this situation? If the individual was issued a Permanent Resident Card (i.e., Green Card) on June 1 2022, they may be considered a U.S. Resident for tax purposes for 2022.
- 4. n order to qualify as a resident under the substantial presence test, a taxpayer must be physically present in the U.S. for at least 31 days in the current year. What is the total number of days they must also have been present in the current year PLUS the preceding two years?A resident citizen had a family home in the Philippines. Worked abroad and was temporarily absent from his family home when he died. Which of the following statements is correct ? The decedent would not be allowed family home deduction because he was abroad when he died The decedent would not be allowed family home deduction because he was non-resident citizen when he died The decedent would be allowed family home deduction because actual occupancy of the family home was not interrupted or abandoned because of his temporary absence.X, a non-resident citizen arrives in the Philippines on July 31, 2022 to reside here permanently after many years of living abroad. He had the following data in 2022:Gross income, foreign sources, January 1 to July 31, P500,000Gross income, Philippine sources, August 1 to December 31, P300,000Gross income, foreign sources, August 1 to December 31, P200,000How much of his gross income is subject to Philippine Income Tax?
- . Of the following individuals who would be a resident or deemed resident of Canada for tax purposes this year? Alex is a U.S. citizen who commutes each day to Canada for employment purposes. Bob is a U.S. citizen who lives in Canada during the week for employment purposes but returned to the U.S. on weekends to the house he shares with his wife and children. Charles is a Canadian citizen who lived in Toronto until March of last year, at which time he left for a 4-year aid-mission in Africa under an agreement with the Canadian International Development Agency. Derrick is a Canadian citizen who goes to school in the US for 8 months of each year but returns to Canada to live with his parents each summer. Alex and Bob Alex, Bob and Charles Bob, Charles and Derrick All of the above None of the abovEAn individual normally acquires a domicile of origin from his father at birth (or from his mother if the parents were not then married). This need not be the country in which that person was born. John was born in Trinidad and Tobago in 1979 to Mary Reid and Marcel Reid. Mary was born in Jamaica and Marcel was born in Barbados. John has been living in Grenada since 2005. John domicile of origin is: a.Grenada b.Jamaica c.Trinidad and Tobago d.BarbadosMr. Johnson, a citizen in Slovenia, moved to Manitoba on October 1st, 2022, for a 2-year work contract. For 2022 taxation year, Mr. Johnson will be classified as: a. Factual Resident b. Non - Resident c. Deemed Resident d. None of the choices
- According to the Resides Test, which of the following is NOT normally relevant when assessing tax residency? Select one: The person's behaviour and daily routine whilst in Australia How often the person travels to and from Australia The person's citizenship status Whether the person has business connections in Australia Whether the person has family in AustraliaA non-resident alien not engaged in business in the Philippines, but with income from the Philippines: Statement 1. is taxed at 25% of gross income from within the Philippines. Statement 2. is entitled to personal exemptions on the basis of reciprocity. Both statements are true Both statements are false Only the first statement is true. Only the second statement is true. Walter Wentworth Walter Wentworth lives in South Africa. He was on holiday in Australia for the last 92 days of the 2021year of assessment. Venicia Ltd Venicia Ltd is incorporated in South Africa. It carries on business in Europe. Its place of effectivemanagement is in Lucerne, Switzerland. Its year of assessment ends on the last day of February.REQUIRED: Indicate if the above persons will be subject to normal tax in South Africa for the 2021year of assessment. (Ignore the provisions of a double tax agreement that may be applicable.)
