All of the following statements are true, except:
A)Canadian residents must report their worldwide income for tax purposes.
B)If an individual is a resident of Canada for part of the calendar year, that individual only has to report his worldwide income during the period of residency for Canadian tax purposes.
C)An individual who immigrates to Canada during the year is a resident of Canada for tax purposes for the full calendar year.
D)An individual can be a resident of Canada for tax purposes, even if she is not a Canadian citizen.

Question

Quizplus · Accepted Answer

An individual who immigrates to Canada during the year is considered a resident of Canada for tax purposes only from the date of their arrival, not for the full calendar year. They are required to report their worldwide income to the Canada Revenue Agency (CRA) from that date onwards, not for the entire calendar year.

All of the Following Statements Are True, Except