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Senior Exemption Information The property must qualify for a homestead exemption. At least one homeowner must be 65 years old as of January 1.
Use banker's boxes, crates, or file cabinets to store all of your past tax information and current tax documents.
Your tax home is the general area of your main place of business, employment, or post of duty, regardless of where you maintain your family home. Your tax home is the place where you are permanently or indefinitely engaged to work as an employee or self-employed individual.
RC520 Declaration of Tax Residence for Individuals - Part XIX of the Income Tax Act.
Residency in domestic law allows a country to create a tax claim based on the residence over a person, whereas in a double taxation treaty it has the effect of restricting such tax claim in order to avoid double taxation.
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The best way to store hard copies of tax documents is in a fire-proof safe. Along with your tax records you can keep other important documents like the deed to your house, mortgage and insurance information, your will or trust documents, and passwords to bank and brokerage accounts.
Section 2 \u2013 Declaration of tax residence Generally, an individual will be a tax resident of a jurisdiction if they normally reside in that jurisdiction and not just because they receive income from that jurisdiction. Except for the U.S., your citizenship or your place of birth does not determine your tax residence.
A tax home will allow you to reap the benefits of untaxed income such as reimbursements or stipends. Also, if you do not have a tax home, you will be considered an itinerant (transient) and will not be able to claim travel expenses on your taxes.
You are a resident of the United States for tax purposes if you meet either the green card test or the substantial presence test for the calendar year (January 1 \u2013 December 31). Certain rules exist for determining your residency starting and ending dates.
RC518 Declaration of Tax Residence for Individuals - Part XVIII and Part XIX of the Income Tax Act.

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