Thanks for dropping in for some hopefully great business info and on occasion some hopefully not too sarcastic comments on the state of Business Financing in Canada and what we are doing about it ! Krishna, without detail info on your date of start work etc, I can only assume that you had completed the required 182-day (since you mentioned you were here for 2years). Hence, the tax status should be as a Resident and you can refer to the table to see the %age rate.
Process costing: This kind of costing is used for products that go through different processes. For example, the manufacturing of clothes involves several processes. The first process is spinning. The output of that spinning process, yarn, is a finished product which can either be sold on the market to weavers, or used as a raw material for a weaving process in the same manufacturing unit. To find out the cost of the yarn, one needs to determine the cost of the spinning process. In the second step, the output of the weaving process, cloth, can also can be sold as a finished product in the market. In this case, the cost of cloth needs to be evaluated. The third process is converting the cloth to a finished product, for example a shirt or pair of trousers. Each process that can result in either a finished good or a raw material for the next process must be evaluated separately. In such multi-process industries, process costing is used to ascertain the cost at each stage of production.
It’s now formally classified as a bank holding company, subject to the same supervision and oversight that its new group of peers (like JPMorgan Chase and Citi) must adapt to everyday. It still maintains predictable leads in the league tables that investment bankers care much about (mergers, acquisitions, IPO’s, bond underwriting, etc.). And it appears to have a side-table seat and the ears of board members involved in the merger transactions that keep getting bigger and bigger as years go by.