Residency

Question 1

Individuals residency statuses

Answer 1

• Factual full-time resident - taxed on worldwide income for the year
• Factual part-year resident - taxed on worldwidei income for the portion of the year they are resident in Canada
• Deemed full-time resident - taxed on worldwide income for the year

Question 2

If the taxpayer has significant ties to canada they are a factual resident

Answer 2

Primary

• Dwelling in Canada
• Spouse/children in Canada

Secondary

• Personal property in Canada
• Social ties
  
  • Cdn bank account, employed by Cdn company, club membership maintained in Canada, active involvement in running Cdn business
• Other ties
  
  • Cdn passport, drivers license, seasonal dwelling (cottage), membership of CPA ontario

Question 3

Who is considered a deemed resident? (3)

Answer 3

• Individual who sojourns in Canada for 183 days or more in the year
• a member of the Cdn armed forces
• an ambassador, minister, high commisisoner, officer, or servant of Canada or a province, if the individual was resident in Canada prior to his or her appointment

Question 4

Part-year resident

Answer 4

Somone who becomes a non-resident or at some point in the year becomes a resident in Canada

Question 5

Date of becoming a non-resident

Answer 5

The later of:

• the date the individual leaves Canada
• the date the spouse/children leave Canada
• the date the individual becomes a resident of the new country