Tara has $88,000 of net income for tax purposes after combin…

Tara has $88,000 of net income for tax purposes after combining the Division B sources. She also has a $9,000 Division C deduction available. A classmate says the $9,000 should be applied as a tax credit after tax rates are applied. Ignoring all other items, what is Tara’s taxable income?

Mina is a Canadian resident who lives in Calgary throughout…

Mina is a Canadian resident who lives in Calgary throughout the year. She earns employment income from an Alberta employer, interest from a U.S. bank account, and net rental income from a small condominium in Arizona. Mina says only the Alberta employment income belongs on her Canadian return because the other amounts were earned outside Canada. Which conclusion is most accurate?