Of the Following Individuals, Which Would Not Be Considered a Resident

question 3

Multiple Choice

Of the following individuals, which would not be considered a resident of Canada for the entire 20x1 taxation year?

• A)June moved to Canada three years ago from the United States, and has maintained her American citizenship.
• B)John had lived in Canada all of his life, prior to moving to Germany in 20x1, where he was assigned to a seven-month assignment to set up the international operations for his Canadian employer. He did not sell his home on Vancouver Island, as his wife and children remained in Canada for work and schooling reasons.
• C)Prasham is a citizen of India, where he lived his entire life prior to moving to Canada on April 30th, 20x1. Upon arriving in Canada, he began full-time work and purchased a home.
• D)Marie is a Swiss citizen who lived in Canada from February to October of 20x1. While in Canada, she joined the local fitness club, gained part-time employment, and opened an account in a Canadian bank.

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Definitions:

Depositor's Account

A financial account held at a bank or financial institution, into which a depositor can deposit and withdraw money.

Debit Memorandum

A document issued by a purchaser and sent to a seller indicating the amount and reasons for deductions in the payment or an increase in the purchaser's debt.

Bank Service Charge

A fee charged by a bank for the maintenance of an account or for processing transactions.

Bank Reconciliation

The process of comparing and adjusting the balance shown in a company's bank statement with the amount shown in the company's own records.