General Taxation Flashcards

1
Q

What are the 4 types of income for Canadian Tax?

A

Employment Income Business Income Property Income Capital Gains

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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.

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