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Residency - IN-CLASS PROBLEMS RESIDENCY PROBLEM 1 Alex a...

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IN-CLASS PROBLEMS RESIDENCY PROBLEM 1 Alex, a wealthy Canadian businessman, moved with his wife to Spain several years ago, as he was approaching 60 and was not needed full-time to manage the company he owns in Canada with three other individuals. Alex and his wife stay with their son when they are in Canada, which is usually for about three weeks each year. He resigned all of his club memberships prior to moving to Spain, but maintains a checking account at a bank in Kitchener, Ont. The balance in the account rarely exceeds $100 when he is not in Canada. All of his personal investments are managed in Canada by a professional money manager. Alex receives a quarterly cash transfer from the money manager, which is deposited to his bank in Spain. REQUIRED: Determine Alex’s residency status for Canadian income tax purposes for the current year. PROBLEM 2 The taxpayer, a home inspector engaged by an American insurance company, performed all of his employment duties in the U.S. He and his wife maintained a home
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