(Solution) - Indicate the category of income under the Income Tax Act -(2025 Original AI-Free Solution)

Paper Details

Indicate the category of income under the Income Tax Act into which each of the following items falls:
1. Annual stipend received by an individual for serving as a director of a public corporation.
2. Receipt of alimony (spousal support) payments.
3. Receipts from an employer?s registered pension plan.
4. Dividends received from a foreign corporation.
5. Proceeds from the sale of land acquired for resale.
6. Loss from a loan to a small business corporation.
7. Moving expenses.
8. Gain from the sale of shares of a public corporation.
9. Fees received for providing legal services.
10. Alimony (spousal support) paid.
11. Gain on the sale of an automobile purchased for resale.
12. Bonus from an employer.