Professional Documents
Culture Documents
CH 03
CH 03
Trust
Taxation Year
Individuals
Corporations
Trusts
Entering Canada
Usual Immigration Rules
Choices
Beneficiaries
Assets
Management
Carried On
Business In
Canada
Disposition Of
Taxable
Canadian
Property © 2007, Clarence Byrd Inc. 18
Concept Of Income
Economist’s View
Not Very Specific
Based On Wealth Or Assets
Accountant’s View
Recognize Revenue
Match Expenses
GAAP Based
Property Income