20X5 B. Jill's tax return is due April 30, 20X5 and any balance of tax owing is due June 15, 20x5. C. Jill's tax return is due June 30, 20X5 and any balance of tax owing is due April 30, 20x5. D. Jill's tax return is due June 15, 20X5 and any balance of tax owing is due April 30, 2005. 4) Which one of the following statements related to tax payable by the estate of a deceased taxpayer is NOT correct? A. Unclaimed charitable donations can be carried back and claimed in the year prior to death. B. Medical expenses paid can be pooled for any 24-month period that includes the date of death. C. Capital losses in excess of capital gains may be deducted from other sources of income. D. Minimum tax paid in the year of death can be recovered in the next seven years to the extent the estate tax exceeds the minimum tax. 5) If an individual is unable to use certain non-refundable tax credits because the individual has no tax to pay, certain amounts can be transferred to a spouse or other supporting person. Which one of the following non-refundable tax credits CANNOT be transferred? A. Tuition and education credits. 8. Disability credit. C. Medical expense credit. D. Student loan interest credit. 6) Michael accepted a job transfer and moved from Kingston to Toronto to pursue his new responsibilities. Which one of the following payments by Michael's employer related to this move would NOT be considered a taxable benefit in the computation of Michael's tax return for the year of the move? A mortgage subsidy payment to offset the larger mortgage interest payments created by a higher mortgage principal amount due to higher housing prices in Toronto. Taxation 21 Page B. The costs of revising legal documents to reflect Michael's new address, to replace Michael's driver's license and automobile permit, and costs to connect utilities in Michael's Toronto residence. C. An undocumented allowance of $2,000 related to travel costs in connection with the move, selling costs for Michael's Kingston home and legal fees in connection with the acquisition of a house in Toronto. D. A tax equalization and cost-of-living payment made to compensate Michael for higher property taxes and higher living costs in Toronto. 7) George Pensioner received the following amounts during the taxation year: Old age security Canada Pension Plan $6,072 $4,200 Net income from partnership $175,000 $5,000 Taxable capital gain A. George will have to repay some of his OAS and CPP because of his high net income. B. George will have to repay some of his OAS, because of his high net income. C. George will have to repay some of his CPP, because of his high net income D. George will not have to repay any of his OAS or CPP. 8) Lexton Ltd. is a small Canadian controlled private corporation that sells used boat parts over the Internet. Anne Kilan holds 100% of the shares of Lexton. Anne employs one part-time unrelated individual to handle updates to the website. During the year ended December 31, 2013, the income of the company was $30,000. This includes an accrual for salary to the employee of $5,000 and a bonus to Anne of $20,000. Both the salary and bonus accruals were paid on July 15, 2014. Which one of the following amounts represents the net income for tax purposes of Lexton for the year ended De