Question
1) In order to make a non-taxable withdrawal from an RRSP under the Home Buyer's Plan, an individual must have bought or built a qualifying
1) In order to make a non-taxable withdrawal from an RRSP under the Home Buyer's Plan, an individual must have bought or built a "qualifying home" within 5 years of the withdrawal date.
A)Ture B)False
2) When you make an RRSP contribution, the full contribution must be deducted in the year you make the contribution.
A)Ture B)False
3) An individual's RRSP must be terminated in the year the individual turns 65.
A)Ture B)False
4) Hobby farmers with no reasonable expectation of profit carry forward their farm losses, but they can only be applied to the extent of future farm income.
A)Ture B)False
5) There is a division C deduction for workers compensation.
A)Ture B)False
6) Contributions to RRSPs within the prescribed limits generally are a deduction in subdivision e.
A)Ture B)False
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