Maria has her own accounting practice in Victoria, B.C. During 2015 she paid $1,650 to attend the following conventions: Convention #1 _ $400 for a 2 day convention on Tax issues for the owner/manager held at Vancouver, B.C. Convention #2_ $500 for a 3 day convention on Attracting new clients held at Kelowna, B.C. Convention #3_ $750 for a 5 day convention on IFRS implementation held at Whistler, B.C. Maria's total deductible convention expense for tax purposes is:

A. $1,650

B. $1,250

C. $1,050

D. $825

Which of the following would be considered by the CRA to be business income rather than property income or capital gains?

A. Profit from the sale of assets that were used to produce business income

B. Profit from the sale of assets that were used to produce property income

C. Profit from the sale of inventory items

D. Both A and C

Marvin purchased a large piece of land 5 years ago when a highway bypass was rumoured to have an exit being built nearby. He had planned to subdivide the land into building lots within 5 years, but has done no work on the land yet. He has rented the land each summer over the Labour Day weekend for $500. A local non-profit organization holds a huge neighbourhood garage sale on that weekend. A heart attack has convinced Marvin to slow down. As a result, he has advertised the land for sale online and an interested buyer is offering to purchase it at a price that would give him a large gain. That gain would be taxed as:

A. property income.

B. business income.

C. a capital gain.

D. a taxable capital gain.

Jon Bogen operates a consulting business out of a dedicated space in his home. It is his principal place of business. With respect to the items that he can deduct, which of the following statements is correct?

A. Jon can only deduct a pro rata share of operating costs and utilities.

B. Jon can only deduct a pro rata share of operating costs, utilities, and property taxes.

C. Jon can only deduct a pro rata share of operating costs, utilities, property taxes, and mortgage interest.

D. Jon can deduct a pro rata share of operating costs, utilities, property taxes, mortgage interest and CCA.