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For each of the key terms listed , indicate the number of the item that provides the BEST definition of that term, or, alternatively, that

For each of the key terms listed , indicate the number of the item that provides the BEST definition of that term, or, alternatively, that none of the definitions apply. Explanations are not required. Indicate only one number for each key term. No marks will be awarded if you indicate more than one number for any key term.

Question 5 options:
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Education Tax Credit

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Indexation

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Old Age Security Clawback

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Dependant

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Caregiver Tax Credit

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Social Benefits Repayment

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Textbook Tax Credit

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Disability Tax Credit

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Refundable Medical Expense Supplement

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Canada Pension Plan Tax Credit

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Non-Refundable Tax Credit

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Tuition Tax Credit

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Spouse

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Disability Tax Credit Supplement

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Eligible Dependant Tax Credit

1.

A refundable credit against tax payable that increases the amount available to certain low income individuals for their eligible medical expenses.

2.

A credit against tax payable that is available to individuals with a doctor certified severe mental or physical disability.

3.

A credit against tax payable that is available to a single individual supporting a dependant in a self-contained domestic establishment.

4.

A credit against tax payable that is available to individuals making contributions to the Canada Pension Plan.

5.

A credit against tax payable that is available to individuals with qualifying medical expenses.

6.

A credit against tax payable that is available to an individual who provides home care for an adult relative.

7.

An income tested taxing back, or reduction, in the payment of Old Age Security benefits and Employment Insurance benefits.

8.

A supplement to the disability tax credit that is available for individuals who are under 18 years of age at the end of the year.

9.

A pension plan sponsored by the federal government. Individuals with employment or business income must make contributions based on their income and, in return, receive benefits in future years.

10.

An individual to whom a taxpayer is legally married.

11.

A credit against tax payable that is available to individuals who have a spouse or common-law partner.

12.

A credit against tax payable that is available to individuals making qualifying tuition payments.

13.

An individual who, at any time during the year, is dependent on the taxpayer for support and is the child or grandchild of the individual or of the individual's spouse or common-law partner, the parent, grandparent, brother, sister, uncle, aunt, niece, or nephew, if resident in Canada at any time in the year, of the individual or of the individual's spouse or common-law partner.

14.

A tax credit that can only be used against the tax payable of an individual. It will not be refunded to individuals without sufficient tax payable to make use of it.

15.

A monthly payment to residents of Canada who are 65 years of age or older.

16.

The process of adjusting tax brackets and some tax credits to reflect changes in the consumer price index.

17.

A credit against tax payable that is available to individuals who qualify for the education tax credit.

18.

A taxing back, or reduction, in the payment of Old Age Security benefits.

19.

A credit against tax payable that is available to individuals attending a designated educational institution on a full or part time basis.

20.

None of the above definitions apply.

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