Question a)

Louis is worried about how much tax he will have to pay this year and he is looking for anything that he might have missed that will decrease his Taxable Income. All of the following could decrease his Taxable Income, with the exception of:

	a credit for a charitable donation.
	a deduction for contributions to an RPP.
	application of a non capital loss carryforward.
	application of a net capital loss carryforward.

Question b)

With respect to charitable donations claimed by an individual:

	there are no income limits on the amount claimed for donations of Crown gifts.
	the donations made in a particular year must be claimed in that year if there is sufficient taxes payable.
	unused charitable donations may be carried back 3 year and carried forward 5 years.
	the limit on eligible amounts claimed in any given year is always limited to 75% of net income for tax purposes.

Question c)

Net capital losses may be applied against any type of income in the year of death or the immediately preceding year.

	True
	False