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Bassem Doha has the following sources of income and deductions: Net employment income 55,000 Property loss 10,000 Business loss 44,000 Capital Gain 21,000 and a

Bassem Doha has the following sources of income and deductions: Net employment income 55,000 Property loss 10,000 Business loss 44,000 Capital Gain 21,000 and a Capital Loss 23,000. Bassem also makes an RRSP contribution of $10,000 during the year. What is the amount of Bassems non-capital loss available to be carried forward or carried back to another taxation year?

$9,000

$2,000

$1,000

$Nil

Barry Low has the following sources of income and deductions: Net employment income 55,000 Property loss 10,000 Business loss 44,000 Taxable Capital Gain 21,000 and an Allowable Capital Loss of 23,000. Barry also makes an RRSP contribution of $9,000 during the year. What is the amount of Barrys net-capital loss available to be carried forward or carried back to another taxation year?

$Nil

$2,000

$8,000

$1,000

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