Mutual funds can be structured as either corporations or trusts. True or false?

For income tax purposes, the amount of a stock dividend is treated in exactly the same manner as cash dividends. True or false?

Which of the following statements with respect to rental properties is NOT correct?

A$)$ Every rental property with a cost of $$50,000$ or more must be in a separate Class.

B$)$ The short fiscal period rules do not apply to the calculation of CCA on a rental property owned by an individual that is not part of a business.

C$)$ The deduction of CCA cannot be used to create or increase a rental loss.

D$)$ If a new rental property is purchased, put into a separate CCA class, and is used more than $90\%$ for nonresidential purposes, it is automatically eligible for an enhanced CCA rate of $10\%.$

Which of the following statements with respect to dividends is NOT correct?

A$)$ Capital dividends can be received by individuals without income tax consequences.

B$)$ All taxable dividends paid by Canadian controlled private corporations are non$-$eligible dividends.

C$)$ Stock dividends are subject to the same gross up and tax credit procedures as regular cash dividends.

D$)$ Dividend tax credits are based on a fraction$/$percentage of the gross up on dividends received.

In $2023$ Erin received eligible dividends of $$800,$ non$-$eligible dividends of $$600$ and foreign dividends of $$1,000$ before $10\%$ foreign income tax was withheld. Her $2023$ property income is:

A$)$ $$2,648.$

B$)$ $$2,694.$

C$)$ $$2,748.$

D$)$ $$2,794.$