Which of the following does not describe a situation relevant for claiming the capital gain deduction (CGD) for 2019?

Multiple Choice

• The cumulative net investment loss (CNIL) is a limit on the amount of the CGD that can be claimed.
• The gain realized on the disposition of any small business corporation shares qualifies for the CGD.
• The maximum CGD for gains realized on qualifying property is one-half of $866,912 or $433,456.
• This CGD is discretionary and can be deferred to a sale in the future when the tax rate may be higher.