Losses on Personal Use Property are deductible but only against gains on Personal Use Property.

Question 31 options:

	True
	False

An antique bookshelf can be considered listed personal property.

Question 32 options:

	True
	False

Division B income minus division C deductions equals taxable income.

Question 33 options:

	True
	False

A coin can be considered listed personal property.

Question 34 options:

	True
	False

Which of the following is not a fully taxable supply?

Question 35 options:

	A. A bus ride from home to school.
	B. The purchase of a litre of milk at the grocery store.
	C. The purchase of a meal in a restaurant.
	D. The completion of a tax return by an accounting firm

Businesses that supply only exempt supplies ________.

Question 36 options:

	must be not-for-profit organizations
	are also exempt from paying GST/HST on purchases of supplies used to operate their businesses
	are subject to GST/HST on the sale of exempt supplies but the same amount is later refunded in the form of an input tax credit
	are subject to GST/HST on purchases of supplies used to operate their businesses