Reference no: EM132603930

Question 1: All of the following statements are true, except:

a. Canadian residents must report their worldwide income for tax purposes.

b. If an individual is a resident of Canada for part of the calendar year, that individual only has to report his worldwide income during the period of residency for Canadian tax purposes.

c. An individual who immigrates to Canada during the year is a resident of Canada for tax purposes for the full calendar year.

d. An individual can be a resident of Canada for tax purposes, even if she is not a Canadian citizen.

Question 2: Which of the following considerations is NOT relevant in the determination of whether an individual performing work is an employee or an independent contractor?

a. Opportunity for profit.

b. Hours per week spent at work site.

c. Ability to subcontract to others.

d. Ownership of tools.

Question 3: With respect to claiming tax credits related to an individual's child, which of the following statements is NOT correct?

a. To claim the eligible dependant credit for a child, the child must be under the age of 18 at some time during the year.

b. The Canada caregiver credit for a child under 18 cannot be claimed if the parent is claiming the eligible dependant credit for that child.

c. An individual cannot claim the eligible dependant credit if they are living with, supporting, or being supported by a spouse.

d. To claim the eligible dependant credit for a child, the child does not have to be a resident of Canada, provided they are living with the taxpayer.