Page 1: Fire insurance 3 11 8 21 o! 21 12 21 15 21 18 Question 17 (1 point) With respect to the determination of Net Income For Tax Purposes, which of the following statements is correct? If business loss exceeds all other positive sources of income, Net income for Tax Purposes is equal to nil. Property losses are deducted from business income before the deduction of Registered Retirement Savings Plan contributions. Allowable capital losses can be deducted to the extent of other positive sources of income. If not used during the current period, all subdivision e deductions can be carried forward to subsequent periods. 4 Question 18 (1 point) D