Instructions

A$.$ All work must be independent

B$.$ Submit via Blackboard in one PDF document

C$.$ Submit by $11$:$59$pm on December $1,2023$

D$.$ Read the case facts below and answer the required

Required:

A$.$ Determine Ms$.$ Houston's residency status for $2022$ and explain your conclusion.

B$.$ Calculate Ms$.$ Houston's $2022$ net income that will be included in her final income tax return as a result of her ceasing be a resident of Canada and any net capital loss or non$-$capital loss balances. Ignore any possible implications related to the Canada$/$Australia income tax treaty.

Facts:

Ms$.$ Norah Houston is employed by a large, publicly$-$traded Canadian company. She is a Canadian citizen and resident and, for all of her life, she has been living and working in Canada. She does not have a spouse, common$-$law partner, or dependants. In $2022,$ her employer asks her if she would be willing to transfer to their Australian office. As she believes that she will have more challenging work.p Australia, she agrees to the move. Both Ms$.$ Houston and the company expect this mave to be permanent.

On July $31,2022$ she closes all of her Canadian bank accounts. This includes a savings account on which she has received interest of $$3,500$ in $2022$ prior to her departure.

On August $1,2022,$ she opens bank accounts in Sydney. Interest on her Australian savings account during the rest of $2022$ was earned at a rate of $$500$ per month. $($All amounts given in this problem are in Canadian dollars.$)$

On August $1,2022$ she departs from Canada. However, because she has taken no time off in several years, she spends the month of August visiting various cities in southeast