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Case 1 Instructions - Protected ViewSaved to this PC Design Layout References Mailings Review View Help Search on the Internet can contain viruses. Unless you
Case 1 Instructions - Protected ViewSaved to this PC Design Layout References Mailings Review View Help Search on the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected view Enable Editing b) $900 c) $1,800 d) $2,700 e) $3,420 6) Maurice just turned 18 on January 1, 2020 (resident of Quebec). He is excited as he received quite a bit of money for his birthday and is looking to put it in a Tax-Free Savings Account (TESA). He is not familiar with how TFSA's work but knows someone who made money in their TFSA He is wondering how much of a contribution that he can make in his TFSA account and how much he can use to deduct on his 2019 personal income tax return? (see Table CI a) He can make a $12,000 contribution and can claim a $6,000 deduction on his 2019 personal Income tax returns (and $6,000 on his 2020 returns). b) He can make a $6,000 contribution but cannot claim a deduction on his 2019 personal income tax returns c) He can make a $6.000 contribution and can claim a deduction of $6,000 on his 2019 personal income tax returns d) He can make a $6,000 contribution and can calma deduction of $6,000 on his 2020 personal income tax returns ($o on his 2019 returns e) He can make a $12.000 contribution but cannot claim a deduction on his personal income tax returns Section completed, continue to Section il Page 3 of 10 A A A
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