Chapter 2: Residency, filing rules, appeals etc.
2.1 Who is liable to pay tax in Canada and on what sources of income?
2.2 Describe the differences between a regressive, progressive and flat tax. Provide some examples of each in Canada.
2.3 What are the filing deadlines for an individual? Why are there different tax filing deadlines for different individuals? (6.4.1)
2.4 What are the filing and payment deadlines for an individual, a trust and a corporation?
2.5 How are penalties and interest calculated on late payments and late filings?
2.6 What are prescribed rates?
2.7 How does the CRA assess residency?
2.8 What are the tax differences between a full-year, part-year and deemed resident?
2.9 How are non-residents taxed in Canada?
2.10 What are instalment payments and how are they calculated for an individual?
2.11 What options are available when a taxpayer disagrees with a CRA assessment?
2.12 What is the difference between tax evasion, tax avoidance, tax planning and tax deferral? Provide some examples.
2.13 What are Preparer Penalties?
2.14 Are foreign students in Canada eligible for residency? Are they eligible for all relevant tax credits?
2.15 How and why does tax legislation exist?
2.16 What is the role of CRA?
2.17 What Are the Main Purposes of International Tax Treaties?
2.18 What are the main deemed disposition issues when you cease to be a resident of Canada?
2.19 What are the main deemed acquisition issues when you become a resident of Canada?
