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Foreign income earned can be converted to Canadian dollars using the Bank of Canada exchange rate in effect on the day that the taxpayer received
Foreign income earned can be converted to Canadian dollars using the Bank of Canada exchange rate in effect on the day that the taxpayer received the income. Question 11 options: True False Question 12 (1 point) Full form of CSBs : Question 12 options: Canada single bonds Canada savings bonds Capital savings bonds None of the above Question 13 (1 point) Types of property income includes: Question 13 options: Interest, Royalties, Rental Income Salaries and Wages Income from Business None of the above Question 14 (1 point) Difference between the regular interest (R) bond and compound interest (C) bond is Question 14 options: There is no difference between both Interest on a regular interest (R) bond is paid annually until the bond matures or when the taxpayer cash it in while, the Interest on a compound interest (C) bond is not paid until the taxpayer cash it in. None of the above Question 15 (1 point) The full form of GIC is: Question 15 options: Guaranteed Interest Certificate Guaranteed Investment Certificate None of the above
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