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on 59 On Wednesday, September 4th Nancy decided to invest $20,000 into Everest Emerging Market Segregated Fund within a non- registered plan. A few months

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on 59 On Wednesday, September 4th Nancy decided to invest $20,000 into Everest Emerging Market Segregated Fund within a non- registered plan. A few months later, the fund earned some income and made a total allocation of $1,478,68 to Nancy. A short while thereafter, Nancy decided to redeem all of her units, for which she received $27.972. What is Nancys total capital gain out of an Select one: a. $7.972, which is fully taxable b. $7,972, half of which is subject to tax C. 56,493,32, half of which is subject to tax d. $6,493.32, which is fully taxable on 60 out of Based on the changes that are taking place in 2016 for individuals who take CPP early or defer receipt of it to a later age, which one of the following statements would you agree with? Select one: a. It seems as though the federal government wants everyone to begin receiving CPP benefits at age 65. b. It seems as though the federal government would prefer that Canadians start taking CPP benefits early. c. It seems as though the federal government would prefer that Canadians start receiving CPP benefits at a later age. d. The percentage reduction applied to those who take CPP benefits early is the same as the percentage increase given to those who delay the receipt of CPP benefits on

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