13. Monica made a political contribution of $350 to the Liberal Party in 2021. How...
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13. Monica made a political contribution of $350 to the Liberal Party in 2021. How much can she claim on Line 41000 in step 5 Part C? a. $350 b. $262.50 c. $175 d. $116.66 14. Which of the following assets must be reported on Form T1135? a. Swiss bank account containing investment of CAN\$110000 b. Rental property in Florida that cost CAN\$ 150000 c. British mutual fund that cost CAN\$150000 d. All of the above 15. Barry found a new job and moved from Edmonton, AB, to Winnipeg, MB, by driving for 2 days; he consumed 3 meals a day. Under the simplified method, how much can Barry claim for meals? a. $0 b. $69 c. $92 d. $138 16. Rogers sold his home in 2021. He had heard that he must report the sale of his principal residence on his tax return. Which forms or schedules does he need to complete? a. Schedule 3 b. Form T2091 c. Both Schedule 3 and Form T2091 d. Worksheet for the return 17. Edgar and Samantha have been married and living in a rented apartment for five years, Last year, they purchased their first home and Edgar earned $25000 while Samantha earned \$42000. Edgar withdrew from his RRSPs under the Home Buyers' Plan to help pay the down payment. They want to claim the home Buyers' amount. Which of the following statements is true? a) Samantha must claim the $5000 Home Buyers' amount because she has the higher net income. b) Edgar must claim the $5000 home buyers' amount because he withdrew from his RRSP under the Home Buyers' Plan
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