The deduction of moving expenses is limited Multiple Choice by the employment income from the new location in the year of the move and the following year. if the move was not 100 kilometres closer to the new work location. to the same per kilometre rate as applies to automobile allowance paid by employers. to the employee's or student's own expenses and could not include moving costs related to their family members. Which of the following would apply for claiming the capital gain deduction (CGD)? Multiple Choice Capital losses on public securities could limit the amount of the CGD. The gain realized on the disposition of shares of any private Canadian corporation would qualify. The CGD, if applicable, must be claimed in the year. The cumulative net investment loss (CNIL) would increase the amount of the CGD that could be claimed. In the year a taxpayer dies, which of the following statements would be true? Multiple Choice Net capital losses would be deductible from capital gains in the year or any preceding year. Personal tax credits would be pro-rated based on the number of days from January 1 to the date of death. O All income received and all income accrued to the date of death would be taxable in the final return. The rights or things return could be filed to include property income earned in the year of death. An individual loaned $50,000, interest free, to her 25-year-old sibling. The sibling used $40,000 to buy a car and $10,000 to invest in the stock market. Which of the following statements would be correct? Multiple Choice The individual would include in her income, interest based on the $50,000 loan times the prescribed rate of interest at the time the loan was made The individual would have to pay tax on the income from the investments earned by her sibling, if one of the main reasons for the loan was to reduce the individual's taxes. As the sibling was over 18, there would be no tax consequences to the individual. O The individual would pay tax on both the income and capital gains from the investments earned by her sibling