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INSTRUCTOR'SSOLUTIONSMANUAL
Byrd&Chen'sCanadianTaxPrinciples
2018-2019Edition
ISBN-013522201X,978-0-13-522201-0
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Byrd and Chens Canadian Tax Principles 2018-2019 1st Edition Byrd Solutions Manual Visit TestBankDeal.com to get complete for all chapters
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AssignmentProblemsListingandDescription
Chapter1 IntroductionToFederalTaxationInCanada SolutionPage Subject 1-1(E) 1 Applicationofgeneraltaxprinciples 1-2(E) 2 Conflictingobjectives 1-3(E) 3 Qualitativecharacteristicsoftaxsystems 1-4(E) 4 Evaluationofheadtax 1-5(E) 5 ResidencyafterdeparturefromCanada 1-6(E)ResidencyafterdeparturefromCanada6 1-7(E)Residencyofindividuals8 1-8(E)Residencyofcorporations9 1-9(E) 10 Residencyofindividualsandcorporations 1-10(E)Residency/dualr esidency-individuals11 1-11(E) 12 Alternativeviewsofincome 1-12(E) 13 NetIncomeforTaxPurposes-2Cases 1-13(E)NetIncomeForTaxPurposes-4Cases14 Chapter2 ProceduresAndAdministration 2-1(E) 16 Individualtaxinstalments 2-2(M) 17 Corporatetaxinstalments,interestandpenalties 2-3(E) 18 Individualtaxinstalments 2-4(E) 20 Corporatetaxinstalments 2-5(E) 22 Filingdates 2-6(M) 23 Appeals 2-7(M)Thirdpartycivilpenalties24 SolutionsManualProblemListing ii
Chapter3 IncomeOrLossFrom AnOfficeOrEmployment SolutionPage Subject 3-1(E) 25 Bonusarrangements 3-2(E) 26 Employeevs.self-employed 3-3(M) 28 Employerprovidedvs.employeeownedcar 3-4(E) 30 Employeeautomobilebenefits 3-5(M) 31 Employeeautomobilebenefits 3-6(M) 32 Loanstoemployees 3-7(M) 33 Loanstoemployees 3-8(M) 34 Employeestockoptions 3-9(M) 36 Employeestockoptions 3-10(E) 38 Employmentincome 3-11(D) 40 Employmentincome-commissionincome 3-12(M) 42 Employmentincome 3-13(D) 43 Alternativeemploymentoffers 3-14(D) 45 Comprehensiveemploymentincome Chapter4 TaxableIncomeAndTaxPayable ForIndividuals 4-1(E) 47 Personaltaxcredits-5Cases 4-2(M) 49 Individualtaxpayable-7Cases 4-3(E)Individualtaxpayable-7Cases52 4-4(M)Personaltaxcredits-6Cases56 4-5(D) 58 Comprehensivetaxpayable 4-6(D) 60 Comprehensivetaxpayable 4-7(D) 63 Comprehensivetaxpayable 4-8(D) 66 Comprehensivetaxpayable TaxSoftwareAssignmentProblems 4-1(M)ProFileT1softwarecasefor201769 (ExtendedinTaxSoftwareAssignmentProblem11-1) 4-2(D) 71 ProFileT1softwarecasefor2017 (ExtendedinTaxSoftwareAssignmentProblem11-2) 4-3(M)ProFileT1softwarecasefor2017)72 (ExtendedinTaxSoftwareAssignmentProblem11-3) SolutionsManualProblemListing iii
Chapter5 CapitalCostAllowance SolutionPage Subject 5-1(E) 73 CCAandtaxplanning 5-2(E) 75 CCAcalculationsforvariousclasses 5-3(M) 78 CCAcalculationsover3years 5-4(M) 80 CCAcalculations 5-5(M) 83 CCAcalculationsover3years 5-6(M) 85 Purchaseandsaleofgoodwill(Class14.1) 5-7(M) 88 Assetretirementsandgoodwillsale-includescapitalgains 5-8(M) 90 CECcalculations 5-9(M) 92 CCAandCECtransitioncalculations Chapter6 IncomeOrLossFromABusiness 6-1(E) 95 Reserves 6-2(E) 96 Deductibleautomobilecostsandtaxablebenefits 6-3(M) 98 Employerownedvs.employeeownedcars 6-4(E) 100 Valuationofbusinessinventories 6-5(D) 101 Reversebusinessincomecalculation-proprietorship 6-6(M) 103 Partnership-businessincome,employeevs.self-employed 6-7(M)Proprietorship-businessincomewithCCA104 6-8(M)WorkspaceinhomecostsandCCA105 6-9(D) 107 Corporation-businessincomewithCCA 6-10(D) 111 Proprietorship-deductibilityofbusinessexpensesandCCA 6-11(M) 113 Proprietorship-businessincome 6-12(E)ITA22electiononAccountsReceivable114 6-13(D) 116 Comprehensivecase(withcoverageofprecedingchapters) 6-14(D)Comprehensivecase(withcoverageofprecedingchapters)119 SolutionsManualProblemListing iv
Chapter7 IncomeFromProperty SolutionPage Subject 7-1(E) 123 Interestdeductibility 7-2(M) 124 RentalincomeincludingCCA 7-3(M) 126 RentalincomeincludingCCA 7-4(E) 128 Dividendvs.interestincome 7-5(E) 129 Investmentsinincometrustsandcommonstock 7-6(E) 131 Businessincomeandincometrusts 7-7(M) 132 Foreignpropertyincome,incometrustsandmutualfunds 7-8(D) 134 Comprehensivecase(withcoverageofprecedingchapters) 7-9(D) 138 Comprehensivecase(withcoverageofprecedingchapters) Chapter8 CapitalGainsAndCapitalLosses 8-1(E) 142 Identicalproperties 8-2(M) 144 Identificationofcapitalgainsandreserves 8-3(E) 146 Reserves,warrantiesandbaddebtsoncapitalassets 8-4(M) 149 Capitalgainsreserves 8-5(M) 152 Capitalgainsreserves 8-6(E) 156 Shortcasesoncapitalgains 8-7(E) 157 Principalresidencedesignation 8-8(E) 158 Personaluseproperty 8-9(E) 160 Capitalgainsonforeignsecurities 8-10(M) 162 Changesinuse-depreciableproperty 8-11(E) 165 DeparturefromCanada 8-12(M) 166 Deferralonsmallbusinessinvestments 8-13(D) 168 Voluntarydispositions 8-14(M) 172 Involuntarydispositions 8-15(D) 174 Comprehensivecase(withcoverageofprecedingchapters) 8-16(D) 179 Comprehensivecase(withcoverageofprecedingchapters) SolutionsManualProblemListing v
OtherIncome,OtherDeductions,IncomeAttribution SolutionPage Subject 9-1(E) 182 Deathbenefits 9-2(E) 183 Movingexpenses 9-3(E) 184 Childcareexpenses 9-4(M) 185 PensionincomesplittingwithOAS 9-5(M) 188 Otherincomeanddeductions,includingRESP 9-6(M) 189 Non-arm’slengthtransferofshares 9-7(E) 191 Non-arm'slengthtransferofdepreciableproperty-3cases 9-8(E) 193 Deemeddispositionatdeathandemigration 9-9(M) 195 Transferstoaspouse-incomeattribution 9-10(E) 198 Incomeattribution 9-11(D) 200 Giftsandincomeattribution 9-12(D) 205 Comprehensivecase(withcoverageofprecedingchapters) 9-13(D) 210 Comprehensivecase(withcoverageofprecedingchapters)
RetirementSavings 10-1(E)PensionAdjustments,PastServicePensionAdjustments andPensionAdjustmentReversals214 10-2(E) 215 ExcessRRSPcontributions 10-3(M) 216 NetIncomeWithRRSPcontributions 10-4(E) 218 RRSPs,TFSAsandtaxplanning 10-5(E) 219 RRSPcontributions 10-6(M) 220 NetIncomeWithRRSPcontributions 10-7(E) 222 Retiringallowance 10-8(D) 223 Comprehensivecase(withcoverageofprecedingchapters) 10-9(D) 228 Comprehensivecase(withcoverageofprecedingchapters) SolutionsManualProblemListing vi
Chapter9
Chapter10
Chapter11
TaxableIncomeAndTaxPayable ForIndividualsRevisited SolutionPage Subject 11-1(M) 236 Losscarryovers 11-2(M) 239 Allowablebusinessinvestmentlosses 11-3(M) 241 ABILandlifetimecapitalgainsdeduction 11-4(M) 243 Taxonsplitincome 11-5(M) 244 Comprehensivetaxcreditswithdividendtransfer 11-6(M) 247 Alternativeminimumtax 11-7(D) 249 Deathofataxpayer 11-8(D) 252 Comprehensivepersonaltaxpayable 11-9(D) 257 Comprehensivepersonaltaxpayablewithdonations 11-10(M)261 Personaltaxpayable,TFSAandRRSPadvice 11-11(D)Comprehensivecase(withcoverageofprecedingchapters)264 TaxSoftwareAssignmentProblems 11-1(D) 269 ProFileT1softwarecasefor2017 (ExtensionofTaxSoftwareAssignmentProblem4-1) 11-2(D) 271 ProFileT1softwarecasefor2017 (ExtensionofTaxSoftwareAssignmentProblem4-2) 11-3(D) 274 ProFileT1softwarecasefor2017 (ExtensionofTaxSoftwareAssignmentProblem4-3)
TaxableIncomeAndTaxPayable ForCorporations 12-1(E)Netincomefortaxpurposes283 12-2(E) 284 Corporatetaxableincome 12-3(M) 285 Corporatenetandtaxableincome 12-4(M) 287 Corporatelosscarryforwards 12-5(D) 288 Corporatelosscarryforwards(4years) 12-6(D) 291 Treatmentoflosses(4years) 12-7(E) 293 Geographicalallocationofincome 12-8(E) 294 Corporatetaxpayable,reducedsmallbusinessdeduction 12-9(E) 295 Corporatetaxespayable 12-10(M)296 Comprehensivecorporatetaxespayable SolutionsManualProblemListing vii
Chapter12
TaxationOfCorporateInvestmentIncome SolutionPage Subject 13-1(E) 300 Integrationexample 13-2(E)PartIandIVrefundabletaxes301 13-3(E) 302 PartIandIVrefundabletaxesandGRIP 13-4(M) 305 TaxpayablewithCCA 13-5(M) 310 Comprehensivecorporatetaxpayable 13-6(M) 313 Comprehensivecorporatetaxpayable 13-7(D) 318 Comprehensivecorporatetaxpayable 13-8(D) 323 Comprehensivecorporatetaxpayable Chapter14 OtherIssuesInCorporateTaxation 14-1(M) 331 Acquisitionofcontrolrulesforlosses 14-2(M) 333 Acquisitionofcontrolrulesforlosses 14-3(M) 335 Determinationofassociatedcompanies 14-4(M) 336 Determinationofassociatedcompanies 14-5(M) 337 Investmenttaxcredits 14-6(E) 339 Capitaldividendaccount-saleofcapitalproperties 14-7(M)Corporatesurplusdistributions340 14-8(D) 342 Comprehensivecorporatetaxpayable -associatedcompaniesandinvestmenttaxcredits TaxSoftwareAssignmentProblem 14-1(D) 349 Corporatetaxreturnpreparation Chapter15 CorporateTaxAndManagementDecisions 15-1(M)Advantagesofincorporation350 15-2(D) 351 Exampleofintegration 15-3(E) 353 Flowthroughofinterestincome 15-4(E) 354 Flowthroughofdividendincome 15-5(M)Incorporationofinvestmentincome355 15-6(D) 358 Partnershipvs.Corporation 15-7(M)ShareholderLoans361 15-8(M) 363 Bonusingdown 15-9(M) 365 Salariesvs.dividenddecisions-requiredamount 15-10(D)366 Salariesvs.dividenddecisions-requiredamount SolutionsManualProblemListing viii
Chapter13
Chapter17
OtherRolloversAnd
Chapter18
RolloversUnderSection85 SolutionPage Subject 16-1(E) 368 Transferofbuildingtoacorporationvsdirectsale 16-2(M) 369 Section85Rollovers-ShortCases 16-3(M) 371 AdjustedcostbaseofconsiderationandPUC 16-4(M) 373 Transferofdepreciableasset 16-5(M) 375 Shortcaseswithgiftandshareholderbenefit 16-6(M) 378 ITA85Transferwithsale/redemptionofshares 16-7(D) 380 Transferstoacorporationandsale/redemptionofshares 16-8(D) 382 Transferstoacorporationandredemptionofshares 16-9(M) 384 Gifttorelatedparty-Section85 16-10(M)386 Excessconsideration 16-11(D)388 Dividendstripping 16-12(D)391 Dividendstripping 16-13(M)393 Capitalgainsstrips
Chapter16
17-1(M)Section85.1shareforshareexchangeafterITA85rollover394 17-2(M) 396 ITA85rolloverandITA86shareexchange 17-3(M) 398 Section86reorganizationwithgift 17-4(D) 401 ITA86(1)andITA86(2) 17-5(M) 405 Section87vs.Section88(1) 17-6(E) 406 Section88(1)windingup 17-7(M) 407 Windingupofacorporation 17-8(D) 409 Saleofassetsvs.shares 17-9(D) 413 Saleofassetsvs.shares
SaleOfABusiness
Partnerships 18-1(E) 417 Existenceofpartnership 18-2(M) 448 Existenceofpartnership 18-3(M) 419 Partnershipvs.jointventure 18-4(E) 421 Partnershipincomeallocation 18-5(M) 422 PartnershipincomeandACB 18-6(M)Partnershipincomeandsaleofpartnershipinterest423 18-7(M) 425 Withdrawalofapartner 18-8(M) 426 Limitedpartnership 18-9(M) 428 Partnershipwindingupandtransfertoacorporation 18-10(M)Additionalbusinessincome429 SolutionsManualProblemListing ix
Chapter19
TrustsAndEstatePlanning
SolutionPage Subject 19-1(E)Propertytransfertoandfromatrust430 19-2(M) 432 Intervivostrusts-incomeattribution 19-3(M)Trustsandincomesplitting433 Trustsandincomesplitting 19-4(D) 434 Graduatedrateestates-taxminimization 19-5(M) 436 Intervivostrust-taxpayable 19-6(M) 437 Graduatedrateestates-transfersandtaxpayable 19-7(E) 439 Graduatedrateestate-transferandtaxpayable 19-8(M) 440 Estatefreeze 19-9(M) 441 Estateplanning Chapter20 IssuesInInternationalTaxation 20-1(M)PartItaxonnon-residents443 20-2(M) 444 Permanentestablishments 20-3(M) 445 PartXIIItaxonnon-residents 20-4(M) 446 Emigration-TaxPlanning 20-5(D) 448 Comprehensivereviewproblem-residencyofindividuals 20-6(E) 450 Foreigninvestmentreportingrules 20-7(M) 451 ForeignsourceinvestmentincomeandT1135 20-8(M) 452 Foreignsourcedividendsreceivedbyindividuals 20-9(D) 454 Taxationofforeignaffiliatedividends 20-10(M)457 Canadiansourceincome-Shortcases Chapter21 GoodsandServicesTax 21-1(M) 458 Turnovertaxvs.singlestageconsumertax 21-2(E) 459 Registrationrequirements 21-3(M) 460 RegistrationrequirementsandGSTcollectible 21-4(E) 461 RegularGSTreturn 21-5(M) 463 RegularHSTreturn 21-6(M) 464 Quickmethod 21-7(M) 466 RegularandquickmethodGSTreturns 21-8(M) 468 RegularandquickmethodGSTreturns 21-9(M) 469 EmployeeHSTrebateincludingCCA 21-10(E)470 RegularandstreamlinedHSTreturns 21-11(M)471 NewhousingGSTrebate SolutionsManualProblemListing x Byrd and Chens Canadian Tax Principles 2018-2019 1st Edition Byrd Solutions Manual Visit TestBankDeal.com to get complete for all chapters