Question 4 (1 point) Marie owns a triplex and rents out all three units to different tenants. Which one of the following expenditures is not a deduction for tax purposes? a) Cost of repairing the outside handrails. Ob) Cost of painting the interior of the basement unit. c) Interest paid on the mortgage on the triplex. d) Payment of $5000 as principle repayment of the loan taken to buy this property. Question 5 (1 point) Ranjit owns a residential rental building which he purchased for $300,000 in 2017. In that year, his rental income before CCA was $6,000. In 2018, his rental income before CCA was $12,000. Ranjit always minimizes his tax liability. Which of the following statements is correct? a) Ranjit has a net rental loss of $2,000 in 2018. b) Ranjit has net rental income of nil in 2018. c) Ranjit has net rental income of $480 in 2018. d) Ranjit has net rental income of $240 in 2018. Question 6 (1 point) One of the reasons for the favourable tax treatment of capital gains is that the amounts received often have to be reinvested in the business in order to maintain its productive capacity. a) True b) False