1. Frank, age 63, and Linda, age 65, are retired and each have an income of approximately $100,000. The bulk of Lindas income comes from her defined benefit pension plan (DBPP), CPP and OAS, while Franks income consists primarily of CPP, and RRIF and TFSA withdrawals. The couple have approached you for advice regarding income splitting opportunities. How should you advise them?

	a.	Linda can reduce her OAS clawback by splitting her pension with Frank
	b.	Frank can split only his RRIF withdrawals but not his TFSA withdrawals with Linda
	c.	Frank and Linda should not split their incomes as they are already in the same marginal tax rate
	d.	If Linda elects to split her pension with Frank, the split must be 50/50

2. Last year Todd and Mary downsized and moved from their 2,500 square foot home to a 2,000 square foot home. Under the floor-space option for a 'home based business', Todds home office represents 250 square feet.

	a.	12.5%
	b.	10%
	c.	25.5%
	d.	50%