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1) Describe the difference between the following (3 Marks): a. Net-Capital loss & Non-Capital Loss b. Tax deductions and tax credits c. Farm loss and

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1) Describe the difference between the following (3 Marks): a. Net-Capital loss \& Non-Capital Loss b. Tax deductions and tax credits c. Farm loss and Restricted farm loss 2) Explain Old Age Security (OAS) claw back (1 Mark)? 3) Explain Alternative Minimum Tax (AMT) (1 Mark)? Once complete submit this assignment to the Week 9 Assignment drop box in Learn

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