Question

In: Accounting

Which of the following accurately describes the circumstances in which an individual is considered to be...

Which of the following accurately describes the circumstances in which an individual is considered to be a resident of Canada? Question 1 options: 1) When the individual is a citizen of Canada 2) When 90% or more of the individual's income originates in Canada 3) When the individual maintains a continuing state of relationship with Canada 4) When the individual is domiciled in Canada for more than 3 months of the year

Solutions

Expert Solution

When the individual maintains a continuing state of relationship with Canada then an individual is considered to be a resident of Canada. These ralationship can include a home in Canada or a spouse or common-law partner in Canada or dependants in Canada.
Option 3 is correct

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