2026年CPACanada考试试题及答案

2026年CPACanada考试试题及答案

Question1:Calculatethetaxpayableforthefollowingindividualin2026,assumingallincomeisfromemploymentandtherearenodeductionsorcreditsotherthanthebasicpersonalamount.

Income:$85,000

BasicPersonalAmount:$15,000

Answer:Thetaxpayablefortheindividualin2026is$13,542.

Calculation:

TaxableIncome:$85,000$15,000(BasicPersonalAmount)=$70,000

Taxonfirst$47,630:15%of$47,630=$7,094.50

Taxonnext$22,370($70,000$47,630):20.5%of$22,370=$4,566.85

TotalTax:$7,094.50+$4,566.85=$11,661.35

Less:BasicPersonalAmountTaxCredit(15%of$15,000)=$2,250

TaxPayable:$11,661.35$2,250=$13,542

Question2:ABCCompanyhasanetincomeof$120,000andisconsideringdistributingadividendof$30,000toitsshareholders.Calculatethetaximplicationsforthecompanyanditsshareholdersifthedividendispaid.

Answer:ThetaximplicationsforABCCompanyanditsshareholdersareasfollows:

CorporateTaxonNetIncome:26.5%of$120,000=$31,800

AftertaxIncome:$120,000$31,800=$88,200

TaxonDividendDistribution:0%(sincedividendsarenottaxableforthecompany)

DividendTaxCreditforShareholders:15%of$30,000=$4,500

FortheShareholders:

TaxableDividendIncome:$30,000

TaxonDividendIncome:Assumingamarginaltaxrateof33%forsimplicity,33%of$30,000=$9,900

Less:DividendTaxCredit:$4,500

TaxPayableonDividend:$9,900$4,500=$5,400

Question3:XYZCorporationpurchasedapieceofequipmentfor$50,000withausefullifeof5yearsandnosalvagevalue.Calculatetheannualdepreciationexpenseusingthestraightlinemethod.

Answer:Theannualdepreciationexpenseusingthestraightlinemethodis$10,000.

Calculation:

DepreciableAmount:$50,000$0(SalvageValue)=$50,000

AnnualDepreciationExpense:$50,000/5years=$10,000

Question4:JohnandJaneareamarriedcouplewithacombinedincomeof$150,000.Theyhavetwodependentchildren,ages5and10.CalculatetheCanadaChildBenefit(CCB)forthefamilyin2026.

Answer:TheCanadaChildBenefitforthefamilyin2026is$6,400.

Calculation:

BaseBenefit:$6,400foreachchildunder6and$5,400foreachchildaged6to17.

TotalBaseBenefit:$6,400(childunder6)+$5,400(childaged6to17)=$11,800

FamilyNetIncome:$150,000

PhaseoutRate:7.4%

PhaseoutThreshold:$33,489

PhaseoutAmount:7.4%of($150,000$33,489)=$8,022.34

TotalCCB:$11,800$8,022.34=$3,777.66

However,sincethefamily'sincomeisabovethephaseoutthreshold,thebenefitisreducedtothebaseamountforthesecondchild,whichis$5,400.

TotalCCB:$6,400(firstchild)+$5,400(secondchild)=$6,400

Question5:CalculatetheGoodsandServicesTax(GST)payableforabusinesswithtotalsalesof$300,000andtotalpurchasesof$150,000,assumingtheGSTrateis5%andthebusinessisnotregisteredfortheGST/HST.

Answer:TheGSTpayableforthebusinessis$15,000.

Calculation:

GSTonSales:5%of$300,000=$15,000

GSTonPurchases:5%of$150,000=$7,5