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QUESTION 1: 15 MARKS (32 minutes) Hans is a single individual that was born and raised in Germany. He accepted a position at Technology Inc.,

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QUESTION 1: 15 MARKS (32 minutes) Hans is a single individual that was born and raised in Germany. He accepted a position at Technology Inc., in Waterloo, Ontario in July 2020. He had graduated from a university in Germany the previous month with a degree in computer engineering. Hans, hopeful that this position was the beginning of a successful career, packed all his belonging, closed his German bank accounts, terminated his gym membership and left his parent's home in Germany on September 15, 2020 when he boarded a flight to Toronto. In September, Hans also purchased a condo in Waterloo with funds he had recently inherited from his grandmother. He took possession of the condo on September 15, 2020 when he arrived in Waterloo. Hans also opened a Canadian bank account, joined a Canadian gym, and found a family doctor in Kitchener shortly after his arrival. However, Hans kept his German credit cards because he did not have any credit history in Canada and was unable to open a Canadian credit card. He also maintained a subscription to Der Ingenieur," a German magazine that would keep Hans up-to-date with any developments in his profession. Required: Part A Identify and discuss (on a general basis, without reference to the facts above) the four degrees of residency that an individual can have in Canada as well as its associated tax consequences. Part B Prepare a memo for the tax partner at your firm who will advise Hans on his income tax liability for 2020. Evaluate, in detail, each of the four degrees of residency as they relate to Hans. State your conclusion on the case after considering and appropriate weighing the significance of the facts in the case and discuss the tax consequences to Hans based on your conclusion

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