QUESTION 1 The use of illegal actions to reduce one's taxes is called: O Tax planning O Tax break Deductions Tax evasion QUESTION 2 An example of tax-deferred income is O RESP O Child care expenses O RRSP O Commission and bonuses QUESTION 3 An example of an exemption is Taxable income Deductible expenses O Capital gains O Amounts not subject to a CRA audit QUESTION 4 is fully deductible as an itemized deduction Investment counselling fees Mortgage interest Tax preparation fees O Credit card interest