CONTENTS VOLUME II VOLUME I. The detailed contents of both Volume I and II follow. The textbook is published in two Volumes:

Transcription

1 CONTENTS The textbook is published in two Volumes: Volume I = Chapters 1 to 10 Volume II = Chapters 11 to 21 Chapter I Chapter II 1 To Federal Taxation In Canada 11 Taxable Income and Tax Payable For Individuals Revisited 2 Procedures and Administration 12 Taxable Income and Tax Payable For Corporations 3 Income Or Loss From An Office Or Employment 13 Taxation of Corporate Investment Income 4 Taxable Income and Tax Payable For Individuals 14 Other Issues In Corporate Taxation 5 Capital Cost Allowances And Cumulative Eligible Capital 15 Corporate Taxation and Management Decisions 6 Income Or Loss From A Business 16 Rollovers Under Section 85 7 Income From Property 8 Capital Gains And Capital Losses 9 Other Income, Other Deductions And Other Issues 17 Other Rollovers and Sale Of An Incorporated Business 18 Partnerships 19 Trusts And Estate Planning 10 Retirement Savings And Other Special Income Arrangements 20 International Issues In Taxation The detailed contents of both Volume I and II follow. 21 GST/HST

2 Detailed Table Of Contents For Both Volumes (Page 2) I CHAPTER 1 To Federal Taxation In Canada The Canadian Tax System Alternative Tax Bases Taxable Entities In Canada Federal Taxation And The Provinces Tax Policy Concepts Taxation And Economic Policy Taxation And Income Levels Tax Incidence Tax Expenditures Qualitative Characteristics Of Tax Systems.. 9 Income Tax Reference Materials The Income Tax Act Other Income Tax Legislation Other Sources Of Income Tax Information. 16 Liability For Income Tax Charging Provision For Canadian Residents. 17 Charging Provision For Non-Residents Alternative Concepts Of Income The Economist s View The Accountant s View The Income Tax Act View Net Income For Tax Purposes Structure Components Combining The Components - ITA Section Loss Carry Overs Net Income For Tax Purposes Net Income To Taxable Income Principles Of Tax Planning Tax Avoidance Or Reduction Tax Deferral Income Splitting Abbreviations To Be Used Key Terms Used In This Chapter References Problems For Self Study Assignment Problems CHAPTER 2 Procedures And Administration Administration Of The Department Returns And Payments - Individuals Requirement To File - ITA Due Date For Individual Returns Withholdings - ITA Instalment Payments For Individuals - ITA Interest Penalties DueDateForBalanceOwing- Individuals. 46 Final Returns For Deceased Taxpayers Returns And Payments - Corporations DueDateForCorporateReturns-ITA Filing Alternatives For Corporations Instalment Payments For Corporations DueDateForBalanceOwing-Corporations. 50 Interest And Penalties For Corporations Returns And Payments - Trusts Income Tax Information Returns Refunds Books And Records Assessments Adjustments To Income Tax Returns Appeals Consent Form Informal Request For Adjustments Notice Of Objection Tax Court Of Canada Federal Court And The Supreme Court Of Canada 57 Tax Evasion, Avoidance And Planning Tax Evasion Tax Avoidance And Tax Planning General Anti-Avoidance Rule (GAAR) Reasonable Expectation Of Profit (REOP).. 60 Collection And Enforcement Taxpayer Relief Provisions (Fairness Package) 62 Key Terms Used In This Chapter References Problems For Self Study Assignment Problems

3 Detailed Table Of Contents For Both Volumes (Page 3) I CHAPTER 3 Income Or Loss From An Office Or Employment Employment Income Defined Cash Basis And The Use Of Bonus Arrangements 72 Net Concept Employee Versus Self-Employed Employee Perspective Employer Perspective Making The Distinction Inclusions - Salaries And Wages Inclusions - Fringe Benefits Amounts To Be Included In Income - ITA 6(1) 77 CRA Administrative Practice On Fringe Benefits (IT-470R) Tax Planning Considerations Inclusions - GST/HST/PST On Taxable Benefits Inclusions - Board And Lodging Inclusions - Automobile Benefits Employees And Automobiles Taxable Benefits - Standby Charge Operating Cost Benefit Payments By Employee For Automobile Use Employer Owned Automobile Employer Leased Vehicle Employer Provided Cars And Tax Planning. 92 Inclusions - Allowances Allowance Vs. Reimbursement General Rules Taxable Vs. Non-Taxable Allowances Reasonable Allowances For Motor Vehicles. 94 Employer s Perspective Of Allowances Employee s Perspective Of Allowances Inclusions - Employee Insurance Benefits. 96 Life Insurance Disability Insurance (a.k.a. Group Sickness Or Accident Insurance Plan) Health Care Insurance Loans To Employees General Rules Home Relocation Loans Tax Planning For Interest Free Loans (continued) CHAPTER 3, continued Inclusions - Stock Option Benefits CCPCs Vs. Public Companies Rules For Public Companies Rules For CCPCs Other Inclusions Payments By Employer To Employee Forgiveness Of Employee Loans Housing Loss Reimbursement Discounts On Employer s Merchandise Club Dues And Recreational Facilities Specific Deductions Salesperson s Expenses Under ITA 8(1)(f) Travel Expenses And Motor Vehicle Costs. 111 The Salesperson's Dilemma Automobile And Aircraft Expenses Home Office Costs For Employees Key Terms Used In This Chapter References Problems For Self Study Assignment Problems CHAPTER 4 Taxable Income And Tax Payable For Individuals Taxable Income Of Individuals Available Deductions Ordering Of Deductions Deductions For Payments - ITA 110(1)(f) Home Relocation Loan - ITA 110(1)(j) Northern Residents Deductions - ITA Calculation Of Tax Payable Federal Tax Payable Before Credits Provincial Tax Payable Before Credits Types Of Income Taxes On Income Not Earned In A Province 139 Calculating Tax Credits Federal Amounts Provincial Amounts (continued)

4 Detailed Table Of Contents For Both Volumes (Page 4) I CHAPTER 4, continued Personal Tax Credits - ITA 118(1) A Note On The Family Caregiver Amount. 140 Individuals With A Spouse Or Common-Law Partner Individuals Supporting Dependent Person. 142 Child Tax Credit Single Persons (Basic Personal Tax Credit) Caregiver Tax Credit Infirm Dependant Over 17 Tax Credit Interaction: Eligible Dependant Credit Vs. Caregiver Or Infirm Dependant Over 17 Credits 146 Caregiver Vs. Infirm Dependant Over Other Tax Credits For Individuals Age Tax Credit Pension Income Tax Credit Canada Employment Tax Credit Adoption Expenses Tax Credit Public Transit Passes Tax Credit Child Fitness Tax Credit And Children s Arts Tax Credit First Time Home Buyer s Tax Credit Volunteer Firefighters Tax Credit Charitable Donations Tax Credit Medical Expenses Tax Credit Disability Tax Credit Education Related Tax Credits Employment Insurance (EI) And Canada Pension Plan (CPP) Tax Credits Transfers To Spouse Or Common-Law Partner 164 Political Contributions Tax Credits Labour Sponsored Funds Tax Credit Refundable Credits Refundable GST/HST Credit Working Income Tax Benefit Canada Child Tax Benefit Social Benefits Repayment (OAS And EI). 169 Comprehensive Key Terms Used In This Chapter References Sample Tax Return For Chapter Problems For Self Study Assignment Problems Tax Software Assignment Problems CHAPTER 5 Capital Cost Allowances And Cumulative Eligible Capital Capital Cost Allowance System Additions To Capital Cost Determination Of Amounts Available For Use Rules Segregation Into Classes Capital Cost Allowances Rates For Commonly Used CCA Classes Half-Year Rules (a.k.a. First Year Rules) Short Fiscal Periods Tax Planning Considerations Dispositions Of Depreciable Assets Capital Gains Recapture Of Capital Cost Allowance Terminal Losses Summary Of Tax Consequences CCA Schedule CCA Determination - Special Situations. 212 Separate Class Election Cumulative Eligible Capital (CEC) Eligible Capital Expenditures Defined Additions, Amortization, And Dispositions. 214 Key Terms Used In This Chapter References Appendix - CCA Rates For Selected Assets 220 Problems For Self Study Assignment Problems CHAPTER 6 Income Or Loss From A Business Overview Classification Of Income Business Income Vs. Property Income Tax Consequences Of Classification Business Income Defined Property Income Defined (continued)

5 Detailed Table Of Contents For Both Volumes (Page 5) I CHAPTER 6, continued Business Income Vs. Capital Gains Tax Consequences Of Classification Capital Gains Defined Criteria For Identifying Capital Gains Business Income And GAAP Business Income - Inclusions (Revenues) 240 Amounts Received And Receivable Reserves Limitations On Deductions From Business And Property Income Specific Limiting Items Under ITA Foreign Media Advertising - ITA 19 And Provincial Capital And Payroll Taxes Limitations On Deductions From Business, Property, And Employment Income Reasonableness Meals And Entertainment Luxury Automobile Costs Automobiles Owned By The Taxpayer Automobile Leasing Costs Illegal Payments, Fines And Penalties Leasing Property Business Income - Specific Deductions. 257 Inventory Valuation (Cost Of Sales) Other Deductions Reconciliation Schedule Business Income Taxation Year General Rules Unincorporated Businesses - Non-Calendar Fiscal Year Special Business Income Situations Income For Farmers Professional Income (Billed Basis) Sale Of A Business Key Terms Used In This Chapter References Problems For Self Study Assignment Problems Tax Software Assignment Problem For Chapter CHAPTER 7 Income From Property Property Income: General Concept Interest As A Deduction The Singleton And Ludco Court Cases IT Interest Deductibility Discount And Premium On Issued Debt Interest Income Individuals - Modified Accrual Method Discount And Premium On Debt Holdings. 304 Prescribed Debt Obligations Accrued Interest At Transfer Payments Based On Production Or Use (Royalties) Rental Income Capital Cost Allowances Rental Income Cash Dividends From Taxable Canadian Corporations The Concept Of Integration Eligible Vs. Non-Eligible Dividends Gross Up And Tax Credit Procedures - Non-Eligible Dividends Eligible Dividends Comparison Of Investment Returns Income Trusts How Do Trusts Work? Investments In Publicly Traded Trusts Specified Investment Flow-Through Trusts. 320 Taxation Of Income Trusts Mutual Funds Distributions Adjusted Cost Base Stock And Capital Dividends Foreign Source Income Shareholder Benefits Key Terms Used In This Chapter References Problems For Self Study Assignment Problems Tax Software Assignment Problem For Chapter

6 Detailed Table Of Contents For Both Volumes (Page 6) I CHAPTER 8 Capital Gains And Capital Losses Economic Background General Rules Capital Gains Defined Dispositions Proceeds Of Disposition Adjusted Cost Base Calculating The Capital Gain Or Loss Detailed Application Of The Rules Identical Properties Partial Dispositions Warranties On Capital Assets Capital Gains Reserves Bad Debts On Sales Of Capital Property Special Rule For Sales Of Real Property Provisions For Special Assets Principal Residence Personal Use Property Listed Personal Property Gains And Losses On Foreign Currency Options Deemed Dispositions - Change In Use Change In Use Special Rules For Principal Residences Special Rules For Automobiles Deemed Dispositions - Departures From Canada Small Business Investments - Deferral Replacement Property - Deferral Voluntary And Involuntary Dispositions Timing Considerations Application Of ITA 44(1) To Capital Gains. 372 Application Of ITA 13(4) To Recapture Combined Application Of ITA 13(4) And 44(1) 374 Capital Gains And Tax Planning Key Terms Used In This Chapter References Problems For Self Study Assignment Problems Tax Software Assignment Problem For Chapter CHAPTER 9 Other Income, Other Deductions, And Other Issues Other Income - Subdivision d Inclusions 400 Pension Benefits Retiring Allowances Death Benefits Income Inclusions From Deferred Income Plans 402 Scholarships And Prizes Research Grants Social Assistance And Workers Compensation 403 Universal Child Care Benefit - ITA 56(6) Other Deductions - Subdivision e CPP Contributions On Self-Employed Earnings 403 Moving Expenses Child Care Expenses Disability Supports Deduction Related Inclusions And Deductions Employment Insurance Benefits Pension Income Splitting Spousal And Child Support Annuity Payments Received Registered Savings Plans Registered Education Savings Plans (RESPs). 419 Registered Disability Savings Plans (RDSPs). 423 Tax Free Savings Accounts (TFSAs) Non-Arm s Length Transfers Of Property 426 Inadequate Considerations Inter Vivos Transfers To A Spouse Transfers Of Depreciable Assets Farm Or Fishing Property To A Child Death Of A Taxpayer Income Attribution Basic Rules Avoiding Income Attribution Tax Planning And Income Attribution Key Terms Used In This Chapter References Problems For Self Study Assignment Problems Tax Software Assignment Problem For Chapter

7 Detailed Table Of Contents For Both Volumes (Page 7) I CHAPTER 10 Retirement Savings And Other Special Income Arrangements Planning For Retirement Tax Deferred Savings Defined Benefit Vs. Money Purchase Plans. 466 Registered Retirement Savings Plans (RRSPs) 467 RRSP Deduction Limit s Of RRSP Deduction Calculations. 476 Undeducted RRSP Contributions RRSP And RRIF Administration Fees RRSP Withdrawals And Voluntary Conversions 480 Involuntary Termination Due To Age Spousal RRSP Home Buyers Plan (HBP) Lifelong Learning Plan (LLP) Departure From Canada Death Of The Registrant Registered Pension Plans (RPPs) Employer Contributions To The RPP Employee Contributions To The RPP Options At Retirement Phased Retirement Pooled Registered Pension Plans (PRPPs) Registered Retirement Income Funds (RRIFs) 492 RRIF Withdrawals Death Of The Registrant Evaluation Of RRIFs Deferred Profit Sharing Plans Profit Sharing Plans Transfers Between Plans Retiring Allowances Retirement Compensation Arrangements 497 Arrangements Defined Part XI.3 Refundable Tax Salary Deferral Arrangements Key Terms Used In This Chapter References Problems For Self Study Assignment Problems Tax Software Assignment Problem For Chapter The preceding Table of Contents for Chapters 1 to 10 is in final form. The remainder of this Table of Contents is in draft form. In the final version of the book, the subject matter of each Chapter and the coverage will be very similar to what follows. Note that the textbook is published in two Volumes: Volume I = Chapters 1 to 10 Volume II = Chapters 11 to 21

8 Detailed Table Of Contents For Both Volumes (Page 8) II CHAPTER 11 (Draft) Taxable Income And Tax Payable For Individuals Revisited Taxable Income Overview Lump-Sum Payments The Problem Treatment Of Losses Carry Over Provisions Personal Use Property Losses Listed Personal Property Losses Non-Capital Losses Net Capital Losses Net Capital Losses At Death Allowable Business Investment Losses Farm Losses Lifetime Capital Gains Deduction Background Qualified Property Determining The Deductible Amount Comprehensive Ordering Of Deductions And Losses Significance Of Ordering Ordering In Computing Net Income For Tax Purposes Ordering In Computing Taxable Income Tax Payable Overview Basic Federal Tax Payable Tax On Split Income The Problem The Solution - The Kiddie Tax Tax Credits Revisited Transfer Of Dividends To A Spouse Or Common-Law Partner Charitable Donations Credit Revisited Foreign Tax Credits Revisited Alternative Minimum Tax General Concept Minimum Tax Calculation Tax Credits For AMT AMT Carry Forward Sample Comprehensive Personal Tax Return CHAPTER 12 (Draft) Taxable Income And Tax Payable For Corporations Computation Of Net Income Computation Of Taxable Income DeductionsAvailableToCorporations Dividends From Other Corporations Non-Capital Loss Carry Over For A Corporation Ordering Of Taxable Income Deductions Geographical Allocation Of Income Permanent Establishments Activity At Permanent Establishments - Permanent Establishments Federal Tax Payable Federal Tax Abatement General Rate Reduction Provincial Tax Payable General Rules General Rate Manufacturing And Processing Rate Small Business Rate Investment Income Rates Other Goals Of The Corporate Tax System Small Business Deduction Canadian Controlled Private Corporation (CCPC) Active Business Income Annual Business Limit Allocation Among Associated Companies Calculating The Small Business Deduction Elimination Of Small Business Deduction For Large CCPCs Personal Services Corporations Professional Corporations And Management Companies Manufacturing And Processing Profits Deduction Calculating The Deduction Eligibility M&P Profits Defined General Rate Reduction - ITA 123.4(2) Approach To Rate Reductions Full Rate Taxable Income Application To Companies Other Than CCPCs Application To CCPCs Foreign Tax Credits For Corporations Calculation Of Foreign Tax Credits

9 Detailed Table Of Contents For Both Volumes (Page 9) II CHAPTER 13 (Draft) Taxation Of Corporate Investment Income Integration The Basic Concept Dividend Gross Up And Tax Credit Procedures Integration And Business Income Refundable Taxes On Investment Income Meaning Of Aggregate Investment Income Basic Concepts Refundable Part I Tax On Investment Income Additional Refundable Tax On Investment Income (ART) Problem One: Excessive Tax Rates On The Flow Through Of A CCPC s Investment Income Solution To Problem One: Refundable Portion Of Part I Tax Refundable Part IV Tax On Dividends Received Problem Two: Use Of Multi-Level Affiliations To Defer Taxes On Investment Income Solution To Problem Two: Refundable Part IV Tax Part IV Tax On Portfolio Dividends Received Dividends From A Connected Corporation Dividends Paid Out Of Mixed Income Of A Connected Corporation Other Part IV Tax Considerations Refundable Dividend Tax On Hand (RDTOH) Basic Concepts RDTOH - General Definition Refundable Portion Of Part I Tax Payable The Dividend Refund Designation Of Eligible Dividends Basic Concepts CCPCs And Their GRIP Non-CCPCs And Their LRIP Part III.1 Tax On Excessive Eligible Dividend Designations A Final Word On Eligible Dividends CHAPTER 14 (Draft) Other Issues In Corporate Taxation Acquisition Of Control Rules Economic Background Acquisition Of Control Legislation Deemed Year End Restrictions On The Use Of Charitable Donations Restrictions On The Use Of Losses Unrecognized Losses At Deemed Year End Deemed Disposition Election Associated Companies The Problem Investment Tax Credits Background Procedures Eligible Expenditures Rates Refundable Investment Tax Credits Carry Overs Of Investment Tax Credits Acquisition Of Control Tax Basis Shareholders Equity Shareholders Equity Under GAAP Paid Up Capital (Tax Basis Contributed Capital) Tax Basis Retained Earnings Pre-1972 Capital Surplus On Hand (CSOH) Capital Dividend Account Distributions Of Corporate Surplus Regular Cash Dividends Stock Dividends Dividends In Kind Capital Dividends Under ITA 83(2) Deemed Dividends Under ITA 84(1) -IncreaseInPUC Deemed Dividends Under ITA 84(2) -OnWinding-Up Deemed Dividends Under ITA 84(3) - On Redemption, Acquisition, Or Cancellation Of Shares Deemed Dividends Under ITA 84(4) And ITA 84(4.1)

10 Detailed Table Of Contents For Both Volumes (Page 10) II CHAPTER 15 (Draft) Corporate Taxation And Management Decisions The Decision To Incorporate Basic Tax Considerations Other Advantages And Disadvantages Tax Reduction And Deferral Approach Basic Public Corporation CCPC - Active Business Income CCPC - Investment Income Other Than Dividends CCPC - Dividend Income Conclusions On Tax Reductions And Deferrals Provincial Taxes And Integration Tax Deferral Tax Reduction Tax Free Dividends Tax Rates On Dividends Use Of Tax Credits Tax Free Amounts Income Splitting Basic Concept Shareholder Benefits The Owner-Manager Environment Shareholder Benefits Other Than Loans Shareholder Loans Management Compensation General Principles Salary Vs. Dividends Salary Vs. Dividends For The Owner - Manager The Basic Trade-Off Other Considerations Conclusion CHAPTER 16 (Draft) Rollovers Under Section 85 Rollovers Under Section 85 General Rules For The Transfer Transferor And Transferee Eligible Property Consideration To Transferor Making The Election Establishing The Transfer Price Transfer Prices - Detailed Rules Rules Applicable To All Assets Accounts Receivable Inventories And Non-Depreciable Capital Property Non-Depreciable Capital Property - Disallowed Capital Losses Depreciable Property Depreciable Property - Terminal Losses Disallowed Eligible Capital Property Eligible Capital Property - Disallowed Deductions Allocation Of The Elected Value Consideration Received By The Transferor (Shareholder) Assets Acquired By The Corporation Paid Up Capital Of Shares Issued General Rules Paid Up Capital Reduction More Than One Class Of Shares Comprehensive - Section 85 Rollovers Gift To Related Person - Section 85 General Rules Excess Consideration - Section 85 ITA 15(1) Shareholder Benefit ITA 84(1) Deemed Dividend Dividend Stripping - ITA 84.1 Background Applicability Of ITA 84.1 Dividend Stripping - Post-1971 Shares Capital Gains Stripping - ITA 55(2) The Problem Application Of ITA 55(2) Capital Gains Stripping - One Capital Gains Stripping - Two

11 Detailed Table Of Contents For Both Volumes (Page 11) II CHAPTER 17 (Draft) Other Rollovers And Sale Of An Incorporated Business Share For Share Exchanges Background Other Considerations Exchange Of Shares In A Reorganization Application Of Section 86 Conditions For The Reorganization Procedures Using ITA 86 In An Estate Freeze Gift To Related Person (Benefit Rule) Practical Considerations Using Section 86 - Advantages and Disadvantages Amalgamations The Nature Of An Amalgamation Position Of The Amalgamated Company Position Of The Shareholders Vertical Amalgamations (Parent And Subsidiary) Non-Tax Considerations Tax Planning Considerations Winding-Up Of A 90 Percent Owned Subsidiary TheNatureOfAWinding-Up Acquisition Of Assets Disposition Of Shares Tax Planning Considerations - Amalgamation Vs. Winding-Up Winding-Up Of A Canadian Corporation TheNatureOfTheTransaction Convertible Properties Application Other Considerations Sale Of An Incorporated Business Alternatives Restrictive Covenants (a.k.a. Non-Competition Agreements) Sale Of Individual Assets Sale Of Assets As A Going Concern Sale Of Shares Evaluation Of Alternatives CHAPTER 18 (Draft) Partnerships Taxable Entities In Canada Chapter Coverage Partnerships Defined The Importance Of Defining A Partnership Basic Partnership Elements TypesOfPartnerships Co-Ownership, Joint Ventures And Syndicates Co-Ownership Joint Ventures Syndicates Partnership Income, Losses, And Tax Credits Basic Concepts Calculating Partnership Income Or Loss Allocations To Partners And Partner Expenses Method Of Allocation Allocation Of Specific Items The Partnership Interest The Concept Acquiring A Partnership Interest Adjustments To The ACB Of A Partnership Interest Limited Partnerships And Limited Partners Definitions At-Risk Rules Transfer Of Property To And From A Partnership Transfers With No Rollover Provision Common Partnership Rollovers Specified Investment Flow Through Partnerships

12 Detailed Table Of Contents For Both Volumes (Page 12) II CHAPTER 19 (Draft) Trusts And Estate Planning Basic Concepts What Is A Personal Trust? Establishing A Trust Non-Tax Reasons For Using Trusts Classification Of Trusts Personal Trusts Testamentary Vs. Inter Vivos Trusts Taxation Of Trusts The Basic Model Rollovers To A Trust Rollovers To Capital Beneficiaries 21 Year Deemed Disposition Rule Net Income For Tax Purposes Of A Trust Preferred Beneficiary Election Amounts Deemed Not Paid Amounts Retained For Beneficiary Under 21 Taxable Income Of A Trust Income Allocations To Beneficiaries Discretionary And Non-Discretionary Distributions Flow Through Provisions Principal Residence Exemption Tax Payable Of Personal Trusts Taxation Of Testamentary Trusts Taxation Of Inter Vivos Trusts Trust Tax And Information Returns Income Attribution Attribution To Settlor (Reversionary Trust) Purchase Or Sale Of An Interest In A Trust Tax Planning Family Trusts Spousal Or Common-Law Partner Trusts Alter Ego Trusts Joint Spousal Or Common-Law Partner Trusts Estate Planning Estate Freeze Objectives Of An Estate Freeze Techniques Not Involving Rollovers Section 86 Share Exchange Rollover Provisions - Section 85 vs. Section 86 SIFT Partnerships And Trusts CHAPTER 20 (Draft) International Issues In Taxation Subjects Covered The Role of International Tax Treaties Residence Importance Residence Of Individuals Residence Of Corporations Residence Of Trusts Non-Residents Earning Canadian Source Income Basic Approaches - Part I Or Part XIII Tax Canadian Source Employment Income Carrying on Business in Canada Dispositions of Taxable Canadian Property Canadian Source Property Income The Problem Of Double Taxation SourcesOfTheProblem Dual Residence Dual Source Residence Vs. Citizenship Residence Vs. Source Immigration And Emigration Entering Canada - Immigration Departures From Canada - Emigration Unwinding A Deemed Disposition Short-Term Residents Emigration And Stock Options Foreign Source Employment Income Foreign Source Business Income Foreign Source Capital Gains Foreign Source Investment Income Basic Concepts Foreign Investment Reporting Requirements Non-Resident Entities Foreign Affiliates Controlled Foreign Affiliates Foreign Accrual Property Income (FAPI) Foreign Affiliate Dividends Foreign Investment Entities Dividends From Foreign Non-Affiliated Companies

13 Detailed Table Of Contents For Both Volumes (Page 13) II CHAPTER 21 (Draft) GST/HST Transaction Tax Concepts Liability For GST/HST Supply Categories Taxable And Exempt Supplies Applying the GST/HST Rate Place Of Supply Collection And Remittance Of GST/HST Registration Who Must Register Exemption For Small Suppliers Input Tax Credits Vendors Of Fully Taxable And Zero-Rated Supplies VendorsOfExemptSupplies Relief For Small Businesses Quick Method Of Accounting Small Suppliers Exemption Simplified Input Tax Credit Method GST/HST Procedures And Administration GST/HST Returns And Payments Refunds And Rebates GLOSSARY The Glossary can be found: at the back of the separate printed Study Guide, and on the Student CD-ROM within the FITAC version of Canadian Tax Principles. Supplementary Readings The Supplementary Readings can be found on the Student CD-ROM. No. 1 - Application Of The Median Rule No. 2 - Stock Option Shares Deemed Not Identical Property No. 3 - Election For Pre-1982 Residences No. 4 - Determining M&P Profits No. 5 - SR & ED Expenditures No. 6 - Final Returns For Deceased Taxpayers No. 7 - Business Valuations No. 8 - Tax Shelters No.9-TransferPricing Employee And Partner GST/HST Rebate Residential Property And New Housing Rebate Sale Of A Business Specific Applications Partnerships And GST Trusts And GST