You are the Executor for your great uncle Lou, who recently passed away. As Executor, you are required to prepare a list of asset and investments that your uncle owned. Each answer is worth a maximum of 2 marks each. The list of investments are as follows: i. Registered Retirement Savings Plan (RRSP), valued at $220,000 on Lou's death. There are two named beneficiaries on this account: Lou's wife and Lou's sister, Lilly. A Registered Retirement Income Fund (RRIF) account, valued at $45,000 on Lou's death. Lou's wife is the named beneficiary on this account. Joint ownership in a building with his son. The value of the building was $750,000 on Lou's death. The building was purchased by Lou and his son 10 years ago for $250,000. IV. Lou owned one-half of the shares of his business. Lou's wife and son owned the other half equally. The shares were valued on Lou's death at $1.8 million. The adjusted cost base of the shares was $600,000. REQUIRED: Explain the tax implications, if any, on Uncle Lou's terminal tax return for each of the 4 items listed above. Activate Windo Go to Settings to ac