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Commerce 4sb3 introduction to Canadian taxation 2024 exam questions and answers McMaster University $12.49   Add to cart
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Commerce 4sb3 introduction to Canadian taxation 2024 exam questions and answers McMaster University
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Commerce 4sb3 introduction to Canadian taxation 2024 exam questions and answers McMaster University

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  • October 26, 2024
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  • 2024/2025
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  • Commerce 4sb3 introduction to Canadian taxation
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Commerce 4sb3 introduction to Canadian
taxation 2024 McMaster University


Lucy is 21 years of age and has $5,500 of taxable income and paid $8,900 of
tuition to McMaster University.

What is the maximum amount of federal personal income tax credits that Lucy
can transfer to her father , Bob, in respect of her university education in 2020 -
$750



what is the minimum age an individual has to be to claim the basic personal
exemption (of $13,229) - Birth



which amount is a division B (net income for tax) deduction - OAS Clawback



Bob moved from Winnipeg to Hamilton to start a new job. The income form the
Hamilton job will be $50,000. Bob incurred the following expenses for the move.
these expenses can be substantiated by receipts.

moving van $5,000house hunting trip 1,800traveling costs - family 3,000loss on
sale of Winnipeg home 25,000 - 8000



On November 9 2020 Lucy gave her 6 year old daughter some common shares of
a public company with an ACB of $900,000 and FMV of $1,000,000. Which one of
the following statements is TRUE - the attribution rules will apply to attribute to

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