Liability for Tax RESIDENCY Canadian Tax rules Hamza is a self employed accountant from Chicago, IL, USA who is looking for work in Toronto, ON, Canada He visited Toronto between August 10 15, 2021 and signed a lease for a new apartment in downtown Toronto that starts on September 1, 2021 He returned home to Chicago after his trip to Toronto and cancelled the lease on his apartment as of December 31, 2021 On January 1, 2022, he moved his belongings to Toronto and began working there Required EXPLAIN Hamzas residency status for 2021 and 2022 At what point would he become a Canadian resident for tax purposes and why What are the tax consequences Jude is a magazine editor for a New York magazine office He lives in Cornwall, ON, Canada and crosses the border five days a week to perform his employment duties, and then returns home to Cornwall at night He earned $80,000 Canadian at his editor job in 2022 In addition, he taught part time at St Lawrence College in Cornwall earning $8,000 in 2022, plus he earned $800 Canadian in interest from a Canadian bank in 2022 Required EXPLAIN Judes residency status for 2022 How much, if any income would Jude need to report on his 2022 Canadian Income Tax Return Show specific calculations to support your answer Christine is married with a new born baby and lives in Winnipeg, MB, Canada She has been accepted into medical school in Boston, USA She moved to Boston on November 1, 2022 and started her residency in Boston the following week Her husband and baby stayed behind in Canada so the grandparents could help look after the baby The family home in Winnipeg was sold on December 10, 2022 and her husband and child moved to Boston to be with her Required Explain the type of resident Christine would be considered for Canadian tax purposes for 2022 If her residency status changed during the year, what day did it change What period of income would be taxable in Canada during 2022 What would happen to her time related tax credits for 2022 Give an example

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Liability for Tax- RESIDENCY/Canadian Tax rules Hamza is a self-employed accountant from Chicago, IL, USA who is looking for work in Toronto, ON, Canada. He

Liability for Tax-RESIDENCY/Canadian Tax rules

Hamza is a self-employed accountant from Chicago, IL, USA who is looking for work in Toronto, ON, Canada. He visited Toronto between August 10 15, 2021 and signed a lease for a new apartment in downtown Toronto that starts on September 1, 2021. He returned home to Chicago after his trip to Toronto and cancelled the lease on his apartment as of December 31, 2021. On January 1, 2022, he moved his belongings to Toronto and began working there.

Required: EXPLAIN Hamzas residency status for 2021 and 2022. At what point would he become a Canadian resident for tax purposes and why? What are the tax consequences?

Jude is a magazine editor for a New York magazine office. He lives in Cornwall, ON, Canada and crosses the border five days a week to perform his employment duties, and then returns home to Cornwall at night. He earned $80,000 Canadian at his editor job in 2022. In addition, he taught part-time at St. Lawrence College in Cornwall earning $8,000 in 2022, plus he earned $800 Canadian in interest from a Canadian bank in 2022.

Required: EXPLAIN Judes residency status for 2022. How much, if any income would Jude need to report on his 2022 Canadian Income Tax Return? Show specific calculations to support your answer.

Christine is married with a new born baby and lives in Winnipeg, MB, Canada. She has been accepted into medical school in Boston, USA. She moved to Boston on November 1, 2022 and started her residency in Boston the following week. Her husband and baby stayed behind in Canada so the grandparents could help look after the baby. The family home in Winnipeg was sold on December 10, 2022 and her husband and child moved to Boston to be with her.

Required: Explain the type of resident Christine would be considered for Canadian tax purposes for 2022. If her residency status changed during the year, what day did it change? What period of income would be taxable in Canada during 2022? What would happen to her time related tax credits for 2022? Give an example.