$1.$ Which of the following is correct regarding the definition of "related persons" with respect to corporations?

Question $13$ options:

Corporations doing business with the same industry are considered related persons

Two corporations cannot be related to one another, but corporations and their owners are considered related persons

As corporations are entities separate from their owners, it is not possible for a corporation to be related to an individual for tax purposes.

An individual with a controlling interest in the corporation is related to the corporation for tax purposes.

$2.$Excluding those with disabilities, a child must be under the age of $\_\_\_\_\_\_\_$ at some time in the year to be an eligible child for purposes of deducting child care expenses.

Question $14$ options:

$18$

$8$

$12$

$16$

$3.$Unused net capital losses generated in a tax year can be carried back$\_\_\_\_\_\_\_\_$ and carried forward$\_\_\_\_\_\_\_\_.$

Question $19$ options:

five$$ years, indefinitely

three$$ years, ten years

five$$ years, five years

three$$ years, indefinitely

$4.$ Employment income, business and property income, and net taxable capital gains are all part of division C$.$

Question $32$ options:

True

False

$5.$Hobby farmers with no reasonable expectation of profit carryforward their farm losses, but they can only be applied to the extent of future farm income.

Question $33$ options:

True

False

$6.$The term "supply" as used in the Excise Tax Act would include all of the following except:

Question $36$ options:

A$.$ The sale of a car by a car dealership.

B$.$ The provision of engineering services by an engineering firm.

C$.$ A trade of hairdressing services provided in exchange for tax advice.

D$.$ The provision of employment services by an employee to their employer.

$7.$ The responsibility for payment of GST and HST falls upon the$\_\_\_\_\_\_\_\_.$

Question $37$ options:

CRA

provider of taxable supplies

recipient of taxable supplies

provincial government

$8.$An Ontario resident $(13\%$ HST$)$ is a freelance writer of a PEI newspaper $(15\%$ HST$).$ The writer would bill the newspaper company HST at a $13\%$ rate since the individual lives in Ontario.

Question $39$ options:

True

False