introduction to federal income taxation in canada, 35th ... · pdf fileedition of introduction...
TRANSCRIPT
2014
-201
5 U
pdat
e This update is designed to assist instructors by providing information on the changes to the upcoming edition of Introduction to Federal Income Taxation in Canada.
Content changesThe following is a summary of the significant changes to the content of the upcoming edition of Introduction to Federal Income Taxation in Canada. This summary is designed to assist you in preparing the annual update to your course outline.
Legislation Update
The 35th edition of the book has been updated to include proposed and enacted (Bill C-31 received Royal Assent on June 19, 2014) legislation up to and including that resulting from the February 2014 federal Budget.
Textbook
All Review Questions, Multiple Choice Questions, Exercises, and Assignment Problems have been removed from the textbook and inserted in the Study Guide. Also, all Supple-mental Notes have been removed from each chapter.
Study Guide
All Review Questions, Multiple Choice Questions, Exercises, and Assignment Problems have been removed from the textbook and inserted in the Study Guide. All solutions to the Review Questions, Multiple Choice Questions, and Exercises remain in the Study Guide. In addition, all Assignment Problems now fall under one of three categories: Type 1, Type 2, or Type 3.
Solutions ManualThe same categorization of the Assignment Problems that appear in the Study Guide are also present in the Solutions Manual. A DVD with PowerPoint slides will again be included with the Solutions Manual to enhance lecture materials. These slides have been classroom tested, and may be posted to a course website or made available to the students by other means.
Introduction to Federal Income Taxation in Canada, 35th Edition
Summary of Changes
Summer 2014
Changes to ParagraphsNew paragraphs have been added at ¶10,228; 19,600; and 19,750. The following paragraphs have been removed: ¶1,045; 1,120; 1,121; 1,122; 1,123; 1,124; 1,445; 3,280; 3,288; 3,354; 3,356; 3,358; 3,360; 3,364; 3,366; 3,368; 3,370; 3,372; 4,235; 4,900; 7,380; 10,015.35; 10,045; 10,045.10; 10,045.20; 10,045.30; 10,065; 10,066; 11,030; 11,035; 11,040; and 12,265.
• Chapter 4: ¶4,060 now encompasses the first two paragraphs only; the remaining text paragraphs now fall under new heading 4,062 Deferral Anti- avoidance.
• Chapter 5: ¶5,320 - Half the paragraph has been removed. ¶5,320 - A good portion of the paragraph has been removed.
• Chapter 6: ¶6,265 - The heading has been changed to “Interest”.
• Chapter 7: ¶7,030 - A good portion of the paragraph has been removed and changed.
• Chapter 9: ¶9,140 - “Proposed” has been removed from heading.
• Chapter 10: ¶10,061 - The heading has been removed so that the content now falls under ¶10,060. A good portion of the paragraph has been removed.
• Chapter 11: ¶11,130.20 - The heading has been changed to “Election strat egy”. ¶11,355.20 - A good portion of the paragraph has been deleted.
• Chapter 12: ¶12,040.10 and ¶12,040.20 - These paragraph numbers and new heading have been inserted before the body text..
• Chapter 13: ¶13,025 - “Proposed” has been removed from heading. ¶13,060 - A good portion of the paragrah has been removed.. ¶13,600 - The paragraph heading has been changed to “Requirement For Information Reporting of Tax Avoidance Transactions”.
• Chapter 19: ¶19,530.10 - A good portion of the paragraph now falls under ¶19,530. ¶19,600 - The entire paragraph is now ¶19,700; the heading remains the same.
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
da
34thEdition
35thEdition
1 1
2 2
3 3
Chapter 1: Assignment Problems
Chapter 2: Assignment Problems
34thEdition
35thEdition
1 1
2 3
3 2
4 4
5 5
6 6
7 7
8 8
Advisory Case 1 9
Advisory Case 2 10
The tables that follow list the changes in the numbering of the Assignment Problems between this edition and last year’s edition. Most chapters show a difference in numbering between last year’s Assignment Problems and problems in the 35th edition; however, in some cases, Exercises and Advisory Cases from the 34th edition are now Assignment Problems. In addition, each table shows any new problems that have been added.
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
da
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daChapter 3: Assignment Problems
34thEdition
35thEdition1 (new)
2 (new)
3 (new)
4 (new)
Exercise 8 5
Exercise 11 6
Exercise 14 7
Exercise 15 8
1 9
2 10
3 11
4 12
5 13
6 14
7 15
8 16
9 17
10 18
11 19
12 20
13 21
14 22
15 23
16 24
Advisory Case 1 25
Advisory Case 2 26
Advisory Case 3 27
Advisory Case 4 28
34thEdition
35thEdition1 (new)
2 (new)
3 (new)
Exercise 14 4
5 (new)
1 6
2 7
3 8
4 9
5 10
6 11
7 12
8 13
9 14
10 15
11 16
14 17
15 18
16 19
17 20
Advisory Case 1 21
22 (new)
23 (new)
24 (new)
25 (new)
12 26
13 27
18 28
Advisory Case 2 29
Advisory Case 3 30
Advisory Case 4 31
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daChapter 4: Assignment Problems
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daIn
trod
ucti
on t
o Fe
dera
l In
com
e Ta
xati
on i
n Ca
nada
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daChapter 5: Assignment Problems
34thEdition
35thEdition1 (new)
2 (new)
3 (new)
4 (new)
5 (new)
6 (new)
1 7
2 8
3 9
4 10
5 11
6 12
7 13
9 14
10 15
8 16
Advisory Case 1 17
Advisory Case 2 18
Advisory Case 3 19
34thEdition
35thEdition1 (new)
2 (new)
1 3
2 4
3 5
4 6
5 7
6 8
7 9
9 10
10 11
11 12
12 13
8 14
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daChapter 6: Assignment Problems
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daIn
trod
ucti
on t
o Fe
dera
l In
com
e Ta
xati
on i
n Ca
nada
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daChapter 7: Assignment Problems
34thEdition
35thEdition1 (new)
2 (new)
Exercise 10 3
4 (new)
5 (new)
6 (new)
7 (new)
8 (new)
9 (new)
10 (new)
Exercise 5 11
1 12
9 13
Exercise 11 14
Exercise 16 15
2 16
3 17
4 18
8 19
10 20
6 21
5 22
7 23
Advisory Case 1 24
Advisory Case 2 25
34thEdition
35thEdition1 (new)
2 (new)
Exercise 1 3
1 4
2 5
3 6
5 7
6 8
4 9
7 10
Advisory Case 1 11
Advisory Case 2 12
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daChapter 8: Assignment Problems
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daIn
trod
ucti
on t
o Fe
dera
l In
com
e Ta
xati
on i
n Ca
nada
Chapter 9: Assignment Problems
34thEdition
35thEdition
Exercise 9 1
Exercise 8 2
Exercise 1 3
4 (new)
2 5
1 6
5 7
7 8
8 9
10 10
3 11
4 12
6 13
9 14
11 15
Advisory Case 2 16
Advisory Case 1 17
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daChapter 10: Assignment Problems
34thEdition
35thEdition
Exercise 6 1
Exercise 8 2
1 3
4 4
7 5
8 6
9 7
10 8
11 9
12 10
13 11
14 12
15 13
16 14
15
16
17
18
19
20
2 21
3 22
5 23
6 24
34thEdition
35thEdition
1 1
5 2
7 3
4 (new)
Exercise 6 5
2 6
3 7
4 8
6 9
8 10
9 11
Advisory Case 1 12
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daChapter 11: Assignment Problems
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daIn
trod
ucti
on t
o Fe
dera
l In
com
e Ta
xati
on i
n Ca
nada
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daChapter 12: Assignment Problems
34thEdition
35thEdition1 (new)
2 (new)
3 (new)
4 (new)
5 (new)
6 (new)
Exercise 7 7
Exercise 8 8
1 9
2 10
3 11
4 12
5 13
6 14
7 15
8 16
9 17
10 18
11 19
12 20
13 21
14 22
15 23
Advisory Case 1 24
34thEdition
35thEdition
8 1
9 2
10 3
11 4
12 5
13 6
1 7
2 8
3 9
4 10
5 11
6 12
7 13
Advisory Case 1 14
Advisory Case 2 15
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daChapter 13: Assignment Problems
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daIn
trod
ucti
on t
o Fe
dera
l In
com
e Ta
xati
on i
n Ca
nada
Chapter 14: Assignment Problems
34thEdition
35thEdition
Exercise 1 1
Exercise 2 2
Exercise 7 3
Exercise 10 4
1 5
2 6
3 7
4 8
5 9
6 10
9 11
7 12
8 13
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daChapter 15: Assignment Problems
34thEdition
35thEdition
1 1
2 2
3 3
4 4
7 5
5 6
6 7
8 8
9 9
Advisory Case 1 10
Advisory Case 2 11
34thEdition
35thEdition
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
Chapter 16: Assignment Problems
34thEdition
35thEdition
1 1
2 2
3 3
4 4
5 5
6 6
Advisory Case 1 7
Advisory Case 2 8
Advisory Case 3 9
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daChapter 17: Assignment Problems
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daIn
trod
ucti
on t
o Fe
dera
l In
com
e Ta
xati
on i
n Ca
nada
Chapter 18: Assignment Problems
34thEdition
35thEdition
1 1
2 2
3 3
4 4
5 5
6 6
7 7
Advisory Case 1 8
Advisory Case 2 9
Intr
oduc
tion
to
Fede
ral
Inco
me
Taxa
tion
in
Cana
daChapter 19: Assignment Problems
34thEdition
35thEdition
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12