Question 10 (1 point)

Under Home Buyers' Plan, individuals are not permitted to deduct RRSP contributions that are made and immediately withdrawn within ____ days.

Question 10 options:

a)	Calendar year end

b)

90 days

c)

120 days

d)

Month end

Question 11 (2 points)

What are the two major treatments of a superficial loss on a sale and repurchase of identical properties by an individual?

Question 11 options:

a)	Loss deducted and same loss added to income

b)	Loss disallowed and same loss added to ACB of substituted property

c)	Loss decreased in the year and same loss disallowed in the future year

d)	Loss changed to gain and same loss is adjusted to cost of sold property

Question 12 (1 point)

Child care expenses are generally deductible by the spouse with higher income in a two parents household.

Question 12 options:

	True
	False

Question 13 (1 point)

One-half of capital gain is treated as taxable capital gain and one-half of capital loss is deductible as allowable capital loss.

Question 13 options:

	True
	False