An antique lamp can be considered listed personal property.

Question 21 options:

	True
	False

When shares are acquired through the exercise of stock options, the adjusted cost base of the shares is decreased by the amount of any employment income benefit that is recorded at the time of acquisition (for a public company).

Question 22 options:

	True
	False

When a taxpayer receives government grants or other types of assistance, these amounts are generally added to the adjusted cost base of the related asset.

Question 23 options:

	True
	False

If a taxpayer is unable to deduct the entire amount of allowable capital losses in a given tax year, how long can the unused amount be carried forward?

Choose the correct answer.

Question 28 options:

	2 years
	indefinitely
	5 years
	20 years

Losses on the disposition of listed personal property can be deducted, but only against gains on the disposition of listed personal property.

Question 29 options:

	True
	False

A dining room suite that had been purchased for $700 for personal use was sold during the year. The proceeds of disposition totalled $500. The allowable capital loss on the transaction is $100.

Question 30 options:

	True
	False