10. Contributions to RRSPs within the prescribed limits generally cause an income inclusion.

True

False

11. Transferring dividends to your spouse using the 82(3) election will always reduce your combined tax burden.

True

False

13.

Charitable donations that have not yet been claimed as a credit can be carried forward for 7 years.

True

False

14. An Allowable Business Investment Loss, if unused after 20 years, reverts back to a net capital loss carryforward.

True

False

15. If elected by the pensioner, ________ of pension income can be split between the pensioner and his or her spouse or common law partner.

Choose the most appropriate response::

A. any amount up to 50%

B. 50%

C. up to $25,000

D. any amount up to 100%