Question
Frank moved to Canada from Germany on February 20, 2020. Which of the following accurately describes Frank's tax status for 2020? (1 mark) (a) Frank
- Frank moved to Canada from Germany on February 20, 2020. Which of the following accurately describes Frank's tax status for 2020? (1 mark)
(a) Frank will be taxed in Canada on all his worldwide income earned in 2020 because the time he spent in Canada exceeds 183 days.
(b) Frank will be taxed in Canada on all his worldwide income earned in 2020, multiplied by the number of days spent in Canada and divided by 365.
(c) Frank will be taxed in Canada on all his worldwide income earned from February 20, 2020 to December 31, 2020, except for gains or losses on the sale of capital property owned prior to entering Canada.
(d) Frank will be taxed in Canada on all his worldwide income earned from February 20, 2020 to December 31, 2020.
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Financial Accounting Textbook For Students And Researchers
Authors: Mukhiddin Kalonov
1st Edition
6206174077, 978-6206174073
