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In 2021, Peter earned $25,000 of taxable income from Canadian sources and $25000 (in CAD) of taxable income from American sources. How much taxable income
In 2021, Peter earned $25,000 of taxable income from Canadian sources and $25000 (in CAD) of taxable income from American sources. How much taxable income does Peter have to report on his 2021 Canadian income tax return under each of the following:
1. in 2021, Peter is a resident of Canada for tax purposes
2. in 2021, Peter is a non-resident of Canada for tax purposes
3. in 2021, Peter is a deemed resident of Canada(under sojourning rule) for tax purposes
in 2021, Peter Furtereaned $25,000 of taxable income from Canadian sources and $25.000 (in CAD) of taxable income from American sources. Required How much zbiercome does Peter have to report on his 2021 Canadian income tax return under each of the following independent scenarios? 1. In 2021, Pere is a resident of Canada for tax purposes. 2. in 221. Pees isa nanesident of Canada for tax purposes. 3 in 2021, Peer is a deemed resident of Canada (under the sojouring rule) for tax purposesStep by Step Solution
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