Question
It is possible to claim a tac credit for an infirm child under 18, even if the child does not qualify for the disability tax
It is possible to claim a tac credit for an infirm child under 18, even if the child does not qualify for the disability tax credit.
Question 1 options:
True | |
False |
Question 2 (1 point)
The tax credit for charitable donations is limited to 75 percent of the Taxpayer's Taxable Income.
Question 2 options:
True | |
False |
Question 3 (1 point)
The federal political contributions tax credit is deductible in computing Taxable Income, but cannot create a Taxable Loss.
Question 3 options:
True | |
False |
Question 4
If both spouses have medical expenses, it will usually be to their advantage for one of the spouses to claim all the eligible medical expenses.
Question 4 options:
True | |
False |
Question 5
If two individuals are legally married, they both can claim the spousal credit for the tax year.
Question 5 options:
True | |
False |
Question 6
All federal tax credits are calculated by multiplying the lowest federal income tax bracket rate by the indexed base figure
Question 6 options:
True | |
False |
Question 8
If a Taxpayer is unable to use the age, disability, or pension credits, the tax credits can be transferred to a common-law partner.
Question 8 options:
True | |
False |
Question 9 (1 point)
An individual cannot claim the pension income credit if their only income is from the Canada Pension Plan
Question 9 options:
True | |
False |
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