Which of the following would not describe a condition for claiming the capital gain deduction (CGD) for 2020?

Multiple Choice

• The maximum CGD would be one-half of $883,384 or $441,692.

• The cumulative net investment loss (CNIL) may limit the amount of the CGD that could be claimed.

• This CGD, otherwise available, could be deferred and claimed on a future sale when the individuals marginal tax rate may be higher.

• The gain realized on the disposition of any small business corporation shares would qualify for the CGD.

2.

An individual had employment income in 2020 of $50,000. They had loss carry forward balances as follows: net capital losses ($20,000); non-capital losses ($22,000); and farm losses from full-time farming ($24,000). What maximum amount of losses carry forward would they claim in 2020?