Listed Personal Property losses can be carried back 5 years and forward 20 years.

Question 46 options:

True

False

A Business Investment Loss is 50% of an Allowable Business Investment Loss.

Question 45 options:

True

False

The RRSP deduction limit is a(n) __________.

Question 47 options:

	lifetime limit that can be utilized in any amount for a given year
	annual limit, in which unutilized deductions in a year are forfeited
	one-time limit that must be utilized all in one year
	cumulative limit, in which unutilized deduction room can be carried forward to future years