14. Jim and Shirley Noonan decide to separate after 10 years of marriage. They have no children. To keep the separation amicable, they decide not to involve lawyers or the courts at this stage. They have a written separation agreement in which Shirley agrees to pay Jim $500 per month until he remarries. The payments will be included in Jim's net income and will be deductible to Shirley in determining her net income. a. True b. False 15. While earnings on property in a Tax Free Savings Account (TFSA) will not be subject to income tax while the property remains in the plan, the accumulated income will be required to be included in income when withdrawn from the plan. a. True b. False 16. Johan Deroi owns shares with an Adjusted Cost Base of $1,000 and a Fair Market Value of $1,200. If he sells the shares to his brother for $2,000, he will have a taxable capital gain of $500. a. True b. False 17. For Income Tax purposes charitable contributions create a non-refundable tax credit that reduces income tax payable. a. True b. False 18. A self employed person must contribute to EI for 12 months prior to