course- introduction to taxation

Rental properties with a cost greater than $50,000 must be place in a separate class for each property. True False Question 3 (1 point) Saved The method specified in the Income Tax regulation must be used to determine the CCA that can be deducted in each taxation year. True False Question 4 (1 point) The half-year rules do not apply to Class 14, limited life intangibles. The half-year rules do not apply to Class 14, limited life intangibles. False Question 5 (1 point) Saved In situations where a Company chooses not to take the maximum CCA available, the amount that is deducted should be deducted from the CC Classes with the lowest rates. True False False Question 6 (1 point) For CCA purposes, the capital cost of an asset includes any amounts of GST, HST, or PST that was included in the amount paid for the asset. True False