Question
Gerald retired and then moved 550 km to be closer to his extended family. Should he be completing Form T1-M? Question 2 options: TrueFalse Question
Gerald retired and then moved 550 km to be closer to his extended family. Should he be
completing Form T1-M?
Question 2 options:
TrueFalse
Question 3(1 point)
Edward received $7,121.31 of OAS benefits in 2018. His net income before
adjustments (i.e., Line 234) is $80,000. Edward did not receive or repay any EI in
the year. How much of his OAS benefits does Edward have to repay?
Question 3 options:
1577.34
7121.31
613.50
918.71
Question 4(1 point)
Cody is 31 years old. His only income is from employment and his CPP pensionable
earnings are $33,500. His employer deducted CPP contributions of $1,500. What is
the amount of Cody's CPP overpayment, if any?
Question 4 options:
0
15
158.25
1485
Question 5(1 point)
Edgar and Samantha have been married and living in a rented apartment for five
years. Last year, they purchased their first home. Edgar earned $25,000 and
Samantha earned $42,000. Edgar withdrew $8,000 from his RRSPs under the Home
Buyers' Plan to help pay the down payment. They want to claim the Home Buyers'
Amount. Which of the following statements is true?
Question 5 options:
Samantha must claim the $5,000 Home Buyers' Amount because she has thehigher net income.
Edgar must claim the $5,000 Home Buyers' Amount because he withdrew
from his RRSP under the Home Buyer's Plan.
Either Edgar or Samantha may claim the Home Buyers' Amount or they may
split it as long as the total does not exceed $5,000.
Both Edgar and Samantha can claim a Home Buyer's Amount of $5,000
individually on their returns.
Question 6(1 point)
Rosemarie works as a waitress at the Waterfront Restaurant. She has an agreement
with her employer that all her tips that were paid by credit or debit card are to be
included in her T4 slip. However, some of her patrons gave her cash. Does
Rosemarie have to include the tips she received in cash on her tax return?
Question 6 options:
TrueFalse
Question 7(1 point)
In November 2018, Jimmy sold his home and moved to a new city 85 km away to
look for work. He did not find a new job until January of 2019. The total of all his
moving expenses is $15,000. Jimmy should not file Form T1-M for 2018 since he did
not have any income in the new city in 2018.
True or False?
Question 7 options:
TrueFalse
Question 8(1 point)
Saved
Gordon is 66 years old. He is a recipient of CPP retirement benefits. However, he
still works a few hours every day. He does not want to make any more contributions
to the Canada Pension Plan. What form does Gordon have to file with the CRA to
stop his CPP contributions?
Question 8 options:
CPT20
CPT30
Schedule 8
No form is required
Question 9(1 point)
Monica made a political contribution of $350 to the Liberal Party in 2018. How much
can she claim on Line 410 of her Schedule 1?
Question 9 options:
350
262.5
175
116
Question 10(1 point)
What is the normal due date for the return of a single taxpayer who is not selfemployed?
Question 10 options:
April 15
April 30
Jun 15
Dec 31
Question 11(1 point)
Corey is single and has a net and taxable income of $60,000. How much basic federal
tax will he save if he claims his medical expenses of $3,000?
Question 11 options:
450
270
180
104
Question 12(1 point)
Rebecca has been divorced since 2016. She purchased a condominium in 2018. Before
the divorce, she owned a home together with her husband. Is she eligible to claim the
home buyers' amount?
Question 12 options:
TrueFalse
Question 13(1 point)
Which of the following is included in net income but not in taxable income?
Question 13 options:
Social assistance
Pension income
Inheritance
Employment income
Question 14(1 point)
Roger sold his home in 2018. He had heard that he must report the sale of his
principal residence on his tax return. Which forms or schedules does he need to
complete?
Question 14 options:
Sch 3
Form T2091
Both S3 and T2091
Worksheet for the return
Question 15(1 point)
George is 29 years old and paid $13,000 for an attendant while at work, which he
decided to claim as disability supports deduction on Line 215. Form T2201 is on file
with the CRA. How much can George claim on Line 316?
a. Nil
Question 15 options:
0
8235
10000
13000
Question 16(1 point)
Claire has shares in a US company that cost CAN$90,000 and were worth
CAN$110,000 last year. Should she file Form T1135?
Question 16 options:
TrueFalse
Question 17(1 point)
Andy's employer transferred him to a different city 450 km away. The employer
completely reimbursed all expenses related to the move. Should Andy be completing
Form T1-M?
Question 17 options:
TrueFalse
Question 18(1 point)
Raymond, who is single, is enrolled in part-time studies. His net and taxable income
is $49,500. How much basic federal tax will he save if he claims tuition fees of
$2,000?
Question 18 options:
300
580
660
520
Question 19(1 point)
Last year, Archie spent $350 for transportation by an ambulance and $725 in
premiums for a private health plan. What amount can Archie include on his tax
return for medical expenses?
Question 19 options:
0
350
725
1075
Question 20(1 point)
Which of the following assets must be reported on Form T1135?
Question 20 options:
Swiss bank account containing CAN $110,000
Rental property in Florida that cost CAN $200,000
British mutual fund that cost CAN $150,000
All of the above
Question 21(1 point)
Cynthia's employer transferred her to a different city 400 km away. The employer gave
Cynthia a fixed moving allowance but she had moving expenses that exceeded this
allowance. Should she be completing Form T1-M?
Question 21 options:
TrueFalse
Question 22(1 point)
Carole has a net and taxable income of $55,000. How much basic federal tax will she
save if she claims $4,000 in charitable donations?
Question 22 options:
600
920
1132
1284
Question 23(1 point)
Edward is a qualifying student enrolled full-time in a qualifying educational
program. He received a scholarship of $5,000, which is fully exempt from tax.
True or False?
Question 23 options:
TrueFalse
Question 24(1 point)
Kelly worked for three employers during the year. As a consequence, she overpaid her
CPP contributions. Can she claim the overpayment on her tax return?
Question 24 options:
TrueFalse
Question 25(1 point)
How many years can a taxpayer go back to request a change of their tax return by
filing a T1 Adjustment Request?
Question 25 options:
3 years
5 years
10 years
15 years
Question 26(1 point)
Last winter, Casey shoveled snow from sidewalks to earn extra money. He was paid
$250 in cash, and no deductions were made from his pay. Casey did not receive a T4
slip. When Casey files his tax return, he is required to report this income.
True or False?
Question 26 options:
TrueFalse
Question 27(1 point)
Bobby purchased a townhouse in 2018. He never owned a home before. Is he eligible to
claim the home buyers' amount?
Question 27 options:
TrueFalse
Question 28(1 point)
Calvin's net and taxable income is $140,000. Which of the following claims would
save him the most basic federal tax?
Question 28 options:
A medical expense of $1,000
A claim of $1,000 in tuition fees
A deductible RRSP contribution of $1,000
A charitable donation of $1,000
Question 29(1 point)
Which of the following factors may affect the claim for child care expenses?
Question 29 options:
The age of the child
The taxpayer's earned income
The taxpayer's net income
All of the above
Question 30(1 point)
Which of the following factors are used to determine whether an individual is subject to
taxation in Canada?
Question 30 options:
Citizenship
Residency
Age
Gross income
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