...Core Marker’s Comment Sheet Course Name: Advanced Personal & Corporate Taxation (TX2) Assignment: 1 Modules: 1 and 2 General Comments Core Marker’s Comments are not full solution sets to the questions. Rather, they are intended to provide students with guidance in responding to each of the assignment questions by providing direction as to where the questions’ responses can be found within the readings/textbook (i.e. topic location); clarification/direction on complex readings; layout and format suggestions; and from time to time, segments of the solutions sets. Question 1 Multiple choice (20 marks - 2 marks each) a. 1) There should be no tax consequences. The loan was repaid by the end of the next taxation year (December 31, 2014) as required by subsection 15(2.6). The fact that the loan bears interest at the market rate means there should be no imputed interest benefits to Marc. b. 1) If the shares issued to Sophie-Anne are not in a separate class, the PUC of the shares held by her will be less than the $25 per share that she paid to the corporation. The other shareholders contributed $10 per share, and under the definition of paid-up capital in subsection 89(1), the PUC of a share of a class is equal to the total PUC of the class, divided by the number of issued shares of that class. Incorrect answers: 2) The ACB of the shares of a given shareholder is not affected by the ACB of the shares for the other shareholders. 3) In order for a taxable benefit...
Words: 1886 - Pages: 8
...Syllabus Certified General Accountants Association of Canada 100 – 4200 North Fraser Way Burnaby, British Columbia Canada V5J 5K7 www.cga-canada.org © CGA-Canada, 2013 All rights reserved. These materials or parts thereof may not be reproduced or used in any manner without the prior written permission of the Certified General Accountants Association of Canada. Printed in Canada ISBN for an individual volume: 978-1-55219-599-4 About CGA-CANADA _________________________________________ CGA-Canada today The CGA designation focuses on integrity, ethics, and the highest education requirements. Recognized as the country’s accounting business leaders, CGAs provide strategic counsel, financial leadership, and overall direction to all sectors of the Canadian economy. The Certified General Accountants Association of Canada — CGA-Canada — sets standards, develops education programs, publishes professional materials, advocates on public policy issues, and represents CGAs nationally and internationally. The Association represents 75,000 CGAs and students in Canada, Bermuda, the Caribbean, Hong Kong, and China. Mission CGA-Canada advances the interests of its members and the public through national and international representation and the establishment of professional standards, practices, and services. A proud history CGA-Canada was founded in Montréal in 1908 under the leadership of John Leslie, vicepresident of the Canadian Pacific Railway. From the beginning, its objective...
Words: 39811 - Pages: 160
...1.0 Introduction We would like to express our gratitude to our lecturer for Business research method, for giving us the opportunity to conduct the research. We also like to thank our course leader that, in the first place, giving us this useful assignment, that, in the end of the day, will be proven use to us all. The research that we picked for this assignment is “Reason for Being Loyal to Laptop” The phenomenon that we have identified is brand loyalty toward laptop. The rationale of choosing this phenomenon is because we had realize that nowadays there are many people that using laptop for many reason which could be for work, for school, for art, for contract, or anything that was more widely used this laptop in their daily life. This phenomenon slowly emerged on 1979 when on that time actually the using of laptop was not widely used by people. Most of the people that use laptop on that time were employer or people with high salary whom afford to but laptop. But on today, most of people in one family had one laptop. Due to laptop was more affordable today; more people were getting opportunity to buy their own laptop. 1.1 Background of Research In this subtopic, it can be narrow down the research about the tendency of loyalty people to used laptop in their daily life. First of all, more people choose to use laptop rather than using computer. It is because, after appearance of laptop, people more interested to use laptop because in era globalization the technology...
Words: 5040 - Pages: 21
...Disciplinary Approaches as Practiced by Public Elementary School Teachers and Pupils Classroom Behavior : Towards Effective Learning CHAPTER 1 THE PROBLEM AND ITS BACKGROUND Introduction Discipline plays a vital role in the teaching – learning process. Pupils tend to understand the lesson best when they are well- disciplined as the teachers imparts the lesson. Teachers may not be aware of the consequences their discipline measures have injected in children’s mind children with misbehavioral problems will always be present in a regular classroom. Teachers are idols of pupils and they play a vital role in the development and upbringing of a child. The teacher will surely affect the childs learning activities. It is in this point that teachers should be aware in identifying the behaviour problems of their pupils. In the classroom , it is considered as an effective tool that enhances the teaching – learning process since it may guide the individual child toward the right conduct in a certain task. In general, discipline leads every person to be a holistic individual with reasonable values that facilitate a wholesome being. The tremendous, but definitely surmountable challenge for teachers in today’s situation in public elementary schools is how to balance their functions as classroom teachers. Altough teaching pupils istheir primary goal they must also be aware that discipline is the control to misbehaviours enforcing orderly conduct for effective...
Words: 5508 - Pages: 23
...career you want CGA is all about choice. You choose the professional-studies path and real-world experience that best match your career goals and interests. We give you the skills and freedom to work in any type of organization, in any industry, at any level of management. With a CGA designation, your opportunities—both professional and personal, at home and around the world—are limitless. Take your place as a highly respected member of the business world. Karmen Rempel, CGA Manager Grant Thornton LLP Vancouver, British Columbia Why CGA? There are many reasons why CGA is the fastest-growing accounting designation in Canada. With CGA, you can: 1. Pursue unlimited career opportunities in the business or enterprise of your choice. 2. Develop the wide range of skills needed to take on leadership, senior...
Words: 4906 - Pages: 20
...The Market 4 2 Budget Constraint 8 3 Preferences 10 4 Utility 14 5 Choice 18 6 Demand 24 7 Revealed Preference 27 8 Slutsky Equation 30 9 Buying and Selling 33 10 Intertemporal Choice 37 12 Uncertainty 39 14 Consumer Surplus 43 15 Market Demand 46 18 Technology 48 19 Profit Maximization 52 20 Cost Minimization 54 21 Cost Curves 57 22 Firm Supply 59 23 Industry Supply 62 24 Monopoly 64 2 25 Monopoly Behavior 67 26 Factor Market 72 27 Oligopoly 76 28 Game Theory 80 30 Exchange 85 3 Ch. 1. The Market I. Economic model: A simplified representation of reality A. An example – Rental apartment market in Shinchon: Object of our analysis – Price of apt. in Shinchon: Endogenous variable – Price of apt. in other areas: Exogenous variable – Simplification: All (nearby) Apts are identical B. We ask – How the quantity and price are determined in a given allocation mechanism – How to compare the allocations resulting from different allocation mechanisms II. Two principles of economics – Optimization principle: Each economic agent maximizes its objective (e.g. utility, profit, etc.) – Equilibrium principle: Economic agents’ actions must be consistent with each other III. Competitive market A. Demand – Tow consumers with a single-unit demand whose WTP’s are equal to r1 and r2 (r1 < r2 ) p r2 r1 1 2 – Many people ...
Words: 12774 - Pages: 52
...1 1 Fundamentals of Semiconductor Electrochemistry and Photoelectrochemistry Krishnan Rajeshwar The University of Texas at Arlington, Arlington, Texas 1.1 1.2 1.3 1.3.1 1.3.2 1.3.3 1.3.4 1.4 1.4.1 1.4.2 1.4.3 1.5 1.5.1 1.5.2 1.5.3 1.5.4 1.5.5 1.6 1.7 1.7.1 1.7.2 1.7.3 1.7.4 1.7.5 Introduction and Scope . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Electron Energy Levels in Semiconductors and Energy Band Model . The Semiconductor–Electrolyte Interface at Equilibrium . . . . . . . . The Equilibration Process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The Depletion Layer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mapping of the Semiconductor Band-edge Positions Relative to Solution Redox Levels . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Surface States and Other Complications . . . . . . . . . . . . . . . . . . . Charge Transfer Processes in the Dark . . . . . . . . . . . . . . . . . . . . Current-potential Behavior . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dark Processes Mediated by Surface States or by Space Charge Layer Recombination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Rate-limiting Steps in Charge Transfer Processes in the Dark . . . . . Light Absorption by the Semiconductor Electrode and Carrier Collection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Light Absorption...
Words: 180197 - Pages: 721
