TRUE OR FALSE

1. A taxpayer's foreign tax credit is always equal to the amount of tax withheld from the foreign country.
2. When the taxpayer begins to rent a part of their principal residence or use it for non-residential purposes, the partial disposition rules will not be applied as long as the income producing use is ancillary to the main use of the principal residence, there is no structural change to the property, and no capital cost allowance is claimed.
3. An antique table can be considered listed personal property.
4. Restricted farm losses can be carried back 3 years or forward 20 years and can be applied against any type of income.
5. Basic health care and dental services are considered zero rated supplies.
6. Furniture, restaurant meals, and concert tickets are all examples of fully taxable supplies in Canada.
7. While taxes like the GST and HST are often referred to as commodity taxes, the title is not appropriate as the term commodity does not include services. When both goods and services are subject to tax what we really are concerned with is the taxation of transactions as opposed to the taxation of income.
8. Generally the lower income spouse is the spouse who gets full the child care expense deduction, if no special circumstance exists.
9. Contributions to RRSPs within the prescribed limits generally are a deduction in subdivision e.
10. Scholarship income to support enrollment in a post-secondary program can be exempt from inclusion in division B income.