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Linden Horswill
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Decks in this class (40)
Ch. 4 - Sources of Income
Employment income includes 1,
Property income includes 2,
Allowable taxable losses are dedu...
3
cards
Ch. 7 - Business Income
Some typical add backs for tax pu...,
Some typical items to deduct for ...,
Recapture 1 what is it 2 what do ...
14
cards
Ch. 11 - Property Income
Common types of property income 1,
When to report income 2,
How corporations report dividends...
17
cards
Ch. 12 - Capital Gains/Losses
Business vs capital income criter...,
Business vs capital income specia...,
Capital gain loss vs taxable capi...
16
cards
Ch. 3 - Tax Administration
Filing requirements filing deadli...,
Filing requirements payment due d...,
Instalments for individuals 3
14
cards
Ch. 10 - Business Income - PSB
What is a psb 1 general 2 unless 1,
Taxation on psb income 2,
Deductions for psb income 3
3
cards
Ch. 14 - Capital Gains/Losses Special Rules #2
Replacement property 1,
Replacement property 2,
Replacement property 3
10
cards
Ch. 23 - Division C Deductions (Corporate)
Section 110 deductions charitable...,
Section 110 deductions charitable...,
Section 111 loss carryovers non c...
9
cards
Ch. 24 - Taxes Payable (Corporate)
Taxes payable detailed approach 1,
Taxes payable detailed approach 2,
Taxes payable 3
22
cards
Ch. 25 - SRED
Qualifying expenditures 1
1
cards
Ch. 24 - Taxes Payable (Corporate 2)
Corporate taxes detailed approach...,
Corporate taxes detailed approach...,
Sources of taxable income 3
15
cards
Ch. 35 - Non-Arms Length Transactions
Related individuals 1,
Corporations are related to 2,
Two corporations are related if 3
6
cards
Ch. 6 - Employment Income
Bonuses 1,
Taxable vs non taxable benefits i...,
Taxable vs non taxable benefits a...
20
cards
Ch. 13 - Capital Gains/Losses (Special Rules 1)
Principal residence exemption 1,
Principal residence exemption cha...,
Personal use property 3
5
cards
Ch. 15 - Other Income - Personal
Income from deferred income plans...,
Pension income splitting 2,
Other registered plans 3
12
cards
Ch. 16 - Other Deductions - Personal
Oas clawback 1,
Moving expenses 1 deductible unde...,
Child care expenses 3
3
cards
Ch. 17 - Deferred Income Plans
Rrsp overcontribution penalty 1,
Rrsp spousal contributions 2,
Rrsp deduction limit 3
6
cards
Ch. 18 - Division C Deductions - Personal
Employee stock options 1,
Deduction for payments 2,
Loss carryovers non capital losses 3
8
cards
Ch. 19 - Taxes Payable - Personal
Federal tax brackets 1,
Non refundable tax credits 2,
Non refundable tax credits calcul...
21
cards
Ch. 28 - Financially Troubled Businesses
Debt forgiveness use of loss carr...,
Debt forgiveness exceptions 2,
Debt forgiveness unpaid amounts 3
3
cards
Ch. 32 - Shareholder Benefits and Loans
N a 1
1
cards
Ch. 39 - General Anti-Avoidance Rules
Tax avoidance 1,
Tax evasion 2,
Conditions for gaar 3
3
cards
Ch. 2 - Liability for Tax
Residency primary ties 1,
Residency secondary ties 2,
Residency temporary absence 3
11
cards
Ch. 5 - Employee vs. Contractor
Criteria for employee vs contract...,
Criteria for employee vs contract...,
Criteria for employee vs contract...
7
cards
Ch. 30 - Incorporation of a Proprietorship - Section 85 Rollover
Incorporation advantages 1,
Incorporation disadvantages 2,
Incorporation timing 3
13
cards
Ch. 36 - Legal Forms and Structures
Sole proprietorships 1,
Canadian controlled private corpo...,
Partnerships 3
5
cards
Ch. 41 - Tax Treaties
Tax treaties main purpose 1,
Tax treaties eliminate double tax...,
Tax treaties vs income tax act 3
3
cards
Ch. 27 - Acquisition of Control
Loss utilization strategies secti...,
Loss utilization strategies inter...,
Losses triggered on an acquisitio...
5
cards
Ch. 31 - Purchase & Sale of Assets Vs. Shares
Qualitative considerations 1,
After tax cash for share sale ste...,
After tax cash on asset sale steps 3
10
cards
Ch. 34 - Stakeholder Relationships (Associated, Affiliated and Connected)
Which requires the sbd be shared 1,
De jure control meaning 2,
Indirect control how it happens 3
16
cards
Ch. 20 - Lifetime Capital Gains Exemption
Lcge least of three amounts 1,
Unused lcge 2,
Annual gains limit 3
6
cards
Ch. 29 - Business Structure (Other Rollovers)
Paid up capital 1 what is it 2 ho...,
Adjusted cost base 1 what is it 2...,
Deemed dividend on redemption of ...
4
cards
Ch. 33 - Shareholder Manager Remuneration
Perfect integration 1 gross up eq...,
Tosi three exclusions 2,
Tosi excluded businesses 3
5
cards
Ch. 21 - Death of a Taxpayer
1 ita 70 5 1,
Capital loss rules on death 2,
Death of a taxpayer unmatured rrif 3
16
cards
Ch. 22 - Divorce
Subsection 73 1 1,
Transfer of rrsp rrif 2,
Child care expenses 3
3
cards
Ch. 26 - Transfer Pricing
Transfer pricing methods s 1,
Comparable uncontrolled price 2,
Resale price method 3
6
cards
Ch. 37 - Partnerships
General partnership vs limited pa...,
Adjustments to acb 2,
Adjustments to acb 3
11
cards
Ch. 38 - Trusts
Settlor definition 1,
Trustee definition 2,
Beneficiary definition 3
15
cards
Ch. 40 - Sales Tax
When registration is required 1,
The small supplier exemption 2,
Two methods for smaller entities 3
26
cards
Ch. 8 - Business Income - CCA
Cca is discretionary meaning 1,
Why not use all cca in a year 2,
When is an asset available for use 3
25
cards
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