A taxpayer with a large balance of capital gains during the taxation year can choose to sell assets with accrued losses in the same taxation year in order to offset the capital gains. True Faise QUESTION 37 All or a portion of the capital gain on a disposition of eligible small business corporation shares can be deferred as long as the taxpayer reinvests some or all of the proceeds of disposition into "replacement shares." True False QUESTION 38 Business investment losses can only be deducted against business income. True False