Question 2(6 points)

Select the best definition that defines the Term.

Spousal Support

Income Attribution

Child Support

Child Care Expenses

Life Long Learning Plan

Home Buyers Plan

• The allocation of some types of income, on assets that have been transferred to a spouse or related minors, back to the Transferor for the purpose of including the income into the Transferor's Net Income for Tax Purposes.

• A support amount that s for the benefit of a Spouse or Common-Law Partner, or a former Spouse or Common-Law Partner.

• A provision that permits individuals to make temporary, non-taxable withdrawals from their RRSP when they are enrolled in a qualifying education program at a qualifying educational institution.

• Costs associated with caring for an eligible child.

• A support amount that is not identified as being for the benefit of a spouse or Common-Law Partner, or a former Spouse or Common-Law Partner.

• A provision that permits individuals to make a temporary, non-taxable withdrawal from their RRSP for the purpose of acquiring a residence.

Course- Canadian Taxation