For esch of the following Independent tranactiona, determine the minimum amount of net income or loas for tox purposes snd the

tsxpsyer to which it applies.

$1$

An individual purchases a $$10,000$ bond for their $15-$yese$-$old daughter. During the year, the bond pays

interest of $$1,000.$

An indivibual pays $$15,000$ for shares of a public corporation, which they later git to their spouen. A: the

$2$ time of the git, the shanes had a vilue of $$30,000.$ Ater reociving the ght$,$ the spouse noceives a cividiond

of $$1,000$ and then sells the shares for $$26,000.$

A student who is $20$ years did borrowod $$20,$ p$00$ from their parent and uses the funds to purchase shares

$3$ in a public coporation. After reocting a bividiond of $$1,000,$ the shident sells the shares for $$24,000.$ The

interest rate on the loan equals the prescribed rate.

A stublert who is $17$ years oid reoctives an intenest$-$froe loan of $$20,000$ from their paront and uees the

shares for $$24,000.$

An individial bans money to their spoues, whe uses the bomonced tunds to purchase a rental property.

froe, of $$80,000.$

An individual bans money to their spouces, whe uses the bomowed tunds to purchase a rental property.

$6$ During the year, fre rental property earns not nentals of $$7,000.$ The amount of fre loan, is $$60,000.$ The

An indivibual gits common shares of a Carsolian$-$controlled prists corporation to their $15-$year$-$old

$7$ deughter. At the time of fre ght$,$ fre shares are velusd at $$10,000.$ Their original cost was $$5,000.$ During

the year, fre daughier noceives a reneliglis dividend of $$1,000$ from the shares and then solls them for

$$16,000.$

g

An individual contributes $$5,000$ to their spouse's TFSA. The funds are investod in bonds earning interest

at GK$.$