Which of the following persons is NOT liable for Canadian income tax under Part I of the Income Tax Act?

Question

Quizplus · Accepted Answer

Under Part I of the Income Tax Act, Canada taxes individuals based on residency and source of income. Residents like Pheap Chom and Canadian corporations like Chom Incorporated are liable for Canadian income tax on their worldwide income. Non-residents like Phon Im, who earns employment income in Canada, are also liable for tax on income sourced in Canada. However, non-residents like Bunly Im, who earns passive income such as interest from Canadian sources, may not be liable for Part I tax due to tax treaties or specific exemptions in the Income Tax Act, making D the correct choice.

Which of the Following Persons Is NOT Liable for Canadian