Canadian Taxation Course ( Answers in type written please)

I). No. 1: W-iat do you understand by non~ capital loss'? How it is created and also explain its tax treatment. 1:). No. 2. Do vou think investing in RRSP is a good idea? If yes. why it is attractive trom the tax point of view? ' ' C). No. 3. When it is unclear whether a gain or loss on a sale of property is of a capital nature, what factors are considered when judging the transaction? Q. No. 4 At the end of 2021, Fred Hicks owned two residential rental properties. Rental property 1 cost $125000 (land - 850000: building - $75,000) and at the close of 2020 had a UCC of 864.000. Rental property 2 was acquired in 2021 for $210,000 (land - $80,000; building - $130000). Revenue and expenses for the rental properties during the year were as follows: Property 1 Property 2 Total Revenue $13,200 $4.500 $17,700 Expenses: Mortgage (0) (3,000) interest Repairs (5000) (5,000) maintenance Property tax (3,100) (4,100) Insurance (500) (700) (8,600) (12,800) 8 4,000 34,900 Determine the maximum CCA deduction for the rental properties for 2021. For capital cost allowance purposes buildings 1 and 2 are pooled together because their cost is less than $50,000. Buildings #3 and #4 fall into separate pools