In: Accounting
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
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 | |||||||||||||||||||||||||