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RESIDENCE of INDIVIDUALSISSUE A threshold issue is whether is subject to tax under the Income Tax Act ITA RULES Income tax is a tax on the income of a tax unit. S. 2(1) of the Act provides that income
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A threshold issue is a specific point that must be met or exceeded in order for a certain action to be taken or decision to be made.
The party or individual who is directly involved in the issue or decision that the threshold applies to is required to file a threshold issue.
To fill out a threshold issue, one must provide all relevant information and data that meet or exceed the established threshold criteria.
The purpose of a threshold issue is to ensure that certain requirements or standards are met before proceeding with a particular action or decision.
The information that must be reported on a threshold issue includes details about the issue, data supporting the threshold requirement, and any relevant background information.
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