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Unformatted text preview: rented on a one-year lease. Cathy and her husband also have a cottage in Canada which they will visit for approximately four weeks each summer while they are living in the U.S. The family took all of their furniture and personal belongings to the U.S. on September 1 when they joined Cathy in the U.S. Cathy took her car and clothing with her on May 1. Cathy has retained her golf club membership at her club in Canada since she did not want to forfeit the large initiation fee which she paid only three years ago. Cathy has an RRSP in Canada which she will keep. She has closed all of her Canadian bank accounts with the exception of one bank account into which the rent on the Canadian house will be deposited. The tenants have been advised that they should remit 25% of the rent to The Canada Revenue Agency (CRA) as a non-resident withholding tax. Required : Evaluate whether, during this year, Cathy became a non-resident of Canada for income tax purposes....
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This note was uploaded on 11/19/2010 for the course ACC 742 taught by Professor Sydor during the Spring '10 term at Ryerson.
- Spring '10