Assignment task:
For each of the following terms also identify the appropriate provisions of Act which deals with the listed questions. A) Differentiate between Self Employed and Employee. Provide all the test required by CRA and provide examples in your own words? B) Define and describe what is Tax planning, Tax Avoidance, Tax deferral and Tax evasion. Provide examples and identify the Appropriate section using your ITA act? C) Define and describe the conditions of residency and non-residency for 1) Individuals and 2) Corporations? D) Identify the basic provisions of Act related to employment income and then Identify the benefits received along with Employment Income as an employee? Differentiate the benefits of Workspace in Home among Commission and Other Employees?