Chapter 6: Property Income
6.1 What is the purpose of CCA? How is it calculated? Why are items typically ‘pooled’ into the same CCA class?
6.2 What is a Terminal Loss? What is Recapture? How are they recorded in net income for tax purposes?
6.3 What is the purpose of the half-year rule?
6.4 What is the purpose of the short-fiscal period rule?
6.5 Can you have a capital loss on depreciable property? If not, why not?
6.6 What is the Accelerated Investment Incentive and what are the basics of how it works?
6.7 How are eligible, non-eligible and capital dividends taxed in the hands of an individual? Are there any other tax implications? Why do they have different tax treatments?
6.8 What are the attribution rules and why do they exist?
6.9 What is a non-arm’s length transaction and what are the tax implications?
6.10 What are the spousal rollover provisions and why do they exist?
6.11 What is the Tax on Split Income? What are the tax implications? Why does it exist?
6.12 What are the available income splitting opportunities with family members?
6.13 What is the Alternative Minimum Tax? How is the AMT applied? Why does it exist?
6.14 What is GAAR? What is the Purpose of GAAR? What are the GAAR tests?
