Assignment 1 Spring Taxation 2016
Ms. I.M. Outovit formally separated from her husband late in 2014. Custody of her three children, ages
14, 10, and 6, was granted to her as part of an agreement (properly referenced to the Income Tax Act,
Question 2 Assignment 1 Spring 2016
OTOH Ltd. is a Canadian-controlled private corporation located in Moncton, New Brunswick.
For its fiscal year ended December 31, 2015, the corporation had correctly calculated its income
for tax purposes under Division