General Taxation Flashcards
1
Q
What are the 4 types of income for Canadian Tax?
A
Employment Income Business Income Property Income Capital Gains
2
Q
What is a Specified Shareholder?
A
A specified shareholder is a taxpayer who owns, directly or indirectly at any time in the year, at least 10% of the issued shares of any class of capital stock of the corporation or a related corporation.