Assignment Problem: For the tax scenario that you are assigned, write a short memo explaining the tax policy to a client. Keep in mind that the client will have limited understanding of income taxation, so you need to analyze the issue at a high level and then draw a conclusion. Explain the impact that your conclusion will have on the tax position or taxes payable (now or in the future).
Working with Byrd&Chens Canadian Tax Principles
Choose either of the two scenarios below.
1) Scenario #1 (topic: employee vs self employed - reference in text is within first 6 page of Chapter 3)
Christine is a dental hygienist and has worked at ABC Dentistry for the last 15 years. She works three days per week so that she can maintain her households and take care of her children. She arrives at work and checks her appointments for the day. The dental receptionist books all the clients for her based upon the patient list of the dentist. If the patient cancels, Christine still gets paid. She will watch Netflix or go on a coffee run unless the dentist wants her to help the receptionist unpack supply shipments. Christine has her own scaling equipment but, otherwise, relies on the dentist to provide the other equipment such as the dental chair. She performs x-rays, teeth cleaning and fluoride treatments on the dental patients before they see the dentist. It used to be that she could only work "under the guidance" of the dentist but that recently changed. She is now permitted by her profession to do her work, even if a dentist is not on the property. Christine gets paid $45 dollars per hour. Her dentist charges her work out at $90/hour. For this reason, Christine wants to become self-employed and invoice the dentist for her services. She would likely charge him $65/hour because she thinks she would lose her paid vacation time and employee benefits. She would like your opinion on her status. Can she be a self-employed dental hygienist?
2) Scenario #2 (Topic: becoming a non-resident of Canada: why and how?)
In February 2019, Diane and Greg have mixed feelings about the next step that they will take. Greg is Vice President, Sales in a major pharmaceutical company. He has just found out that the Canadian branch where he currently works will be closing and, if he would like to keep his job, he will need to relocate to San Diego California, USA. Upon his arrival he will assume responsibility for sales in all North America. Although this is a great opportunity, they are sad to leave their neighbourhood in Toronto where he and Diane grew up together.
Greg will leave in March 2019, but Diane will not leave Toronto until their three young children finish their school year. They wonder what they have to do with their home. They bought the home from Greg's parents when they downsized. They will be heartbroken if they must sell. They also have a cottage up north which they love and Diane plans to come to it every summer. They have golf and gym memberships and wonder if there are any other implications of their move. They want to take all steps to ensure that they are tax efficient (and no longer pay income tax to Canada).
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